SAN FRANCISCO-Jay Paul Company has begun construction at 181 Fremont, a world-class residential and office tower heralding the next phase of growth in the city's South of Market (SOMA) district.

The developer say the project will also take the lead in defining the new Transbay Transit Center complex neighborhood. 181 Fremont is a 54-story office and residential tower development that marks Jay Paul Company's first urban high rise project. The name Park 181 will refer specifically to the ultra-luxury residences located on the uppermost levels of the new high rise. Mayor Ed Lee joined Jay Paul to mark the commencement of construction at 181 Fremont's official groundbreaking on Tuesday, November 12, and the mixed-use tower is scheduled to open in early 2016.

“As an iconic residential and office high-rise set to define San Francisco's new downtown, 181 Fremont will be one of the most exclusive addresses in the nation,” said Jay Paul, principal of Jay Paul Company. “181 Fremont is located in the heart of the nation's strongest office and residential market and, in alignment with the company's philosophy of bringing best-in-class projects to fruition, will encourage a sustainable lifestyle for all who live and work there.”