REITs in the Community
Salesforce TowerRising from an underutilized area around a demolished entrance to the San Francisco Transbay Terminal is Boston Properties’ Salesforce Tower. At 1.4 million square feet and 61 stories, the Salesforce Tower is the centerpiece of the San Francisco Transbay redevelopment plan and is adjacent to the new Transbay Transit Center in the South of Market district. The tower is a landmark addition to the San Francisco skyline and is slated to become the tallest building West of Chicago, with its crown soaring to a height of 1,070 feet. The tower is the focal point of a massive 145-acre development complete with residential housing, hotels, retail space and a transit center serving as the northern terminal of the state’s high-speed rail project.
Cira Centre, Brandywine Realty Trust’s 29-story flagship skyscraper, sits on the west bank of the Schuylkill River and connects Philadelphia’s two primary economic districts: Center City and University City. A signature transit-oriented development, Cira Centre is directly connected to Amtrak’s 30th Street Station – a primary hub for regional, multimodal transportation along America’s Northeast Corridor. At night, the building adds unique excitement to the city’s skyline with 1,500 decorative LED light fixtures programmed to showcase artistic and community-driven light-shows. The Cira Centre was built in a Keystone Opportunity Zone, a state-designated district established to combat urban decay (in this case, part of an underused railyard).