Pinterest has just inked a pre-lease for the entire 140,000-square-foot building to rise at 505 Brannan, a Central SoMa development which is slated to break ground early next year and be ready for occupancy in 2017.
Designed by Heller Manus for TMG Partners, the 505 Brannan Street building will rise to a height of 85-feet and includes an underground garage for around 70 cars to be accessed from Bluxome Street.
As we first reported last year, Pinterest had intended to move its operations into the San Francisco Design Center at 2 Henry Adams Street but abandoned those plans and inked an interim lease for more space at 651 Brannan Street as barriers to converting the Design Center to office use were raised.
The length of Pinterest’s 505 Brannan Street lease hasn’t been revealed.
Interesting. Net absorption of office space in SF has been low. Last quarter was 75K or so net?
New buildings coming on line seem to get the play while large chunks of “old line” space are vacated as Schwab is doing at 1 Fremont (do I have that address right?).
Net remains flat sort of flat – we’ll see if that continues.
Excellent! SF property values will only continue to go up!
Is Pinterest able to re-design? I hope so.
Typical H&M crap. Please get a better design firm for the final product.