Hines has disclosed it is selling the site of Transbay Parcel F, a 61-story mixed-use tower that was scheduled to rise at 442-550 Howard Street in San Francisco.
The Houston-based developer, which has $80M in loans associated with the project coming due in October, and its investment partners have listed for sale the high-profile site in the SoMa submarket, according to a report in the San Francisco Business Times.
Parcel F, which would become the fourth-tallest building in San Francisco, was approved by the Board of Supervisors in March 2021 after a four-year battle during which community activists tried to stop the project from moving forward—they didn't want to be in the shadow of the mammoth skyscraper.
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