High Rising-Transbay Block 1 (Proposed)

Having just broken ground on the twin condo towers to rise at 201 Folsom Street (aka LUMINA) last month, yesterday Tishman Speyer closed escrow on the purchase of the parking lot at 100 Folsom Street and a couple of adjoining parcels across from the Infinity, a development site which is zoned for a 300-foot tower and could accommodate of up to 400 residential units according to the Business Times.

Tishman will need to acquire an adjacent city-owned parcel in order to proceed with the overall development, but according to Mike Grisso, senior project manager at San Francisco Office of Community Investment and Infrastructure, “It has always been [the City’s] intention to negotiate a sale of our parcel to whomever owns the other three.”