Transbay Joint Powers Authority Closes on Parcel F Deal for $160 Million to Build 750 Foot Building that will Connect Directly to Transit Center’s Rooftop Park

The Transbay Joint Powers Authority (TJPA) celebrated another funding milestone today with the successful closing of a deal to sell Parcel F for $160 million. The deal includes a $15 million premium in the event of an assemblage of the property with an adjoining lot (540 Howard). Parcel F is zoned for 750 feet and is the final parcel for sale by the TJPA that can directly connect to the Transbay Transit Center Rooftop Park via a pedestrian sky bridge. Parcel F is the last development site in San Francisco zoned for a height in excess of 550 feet. With this sale, TJPA completes the funding for Phase 1 of the Transbay project.