Jay Paul Company is behind one of the most stunning contributions to the Bay Area's skyline: the San Francisco luxury condos at 181 Fremont. As Janette D'Elia, Jay Paul's chief operating officer, recently explained to San Francisco Business Times, 181 Fremont is one aspect of a revitalization of the Transbay District that "has been a vision of the city for many, many years and has really shifted the focus from the traditional Financial District to SoMa." The 802 foot tall tower is home to a unique mix of 67 luxury homes and 436,000 square feet of office space, the latter of which will be used as Facebook's first San Francisco office. The building will also house an array of unique features geared toward both safety and entertainment, including an earthquake-ready elevator system, a pedestrian path connecting the building to Salesforce Transit Center's five-acre rooftop park, open air decks 500 in the sky exclusive for residential use, and a distinctive exoskeleton that reinforces the building's strength. A flexible, strategic approach has made it all possible, according to D'Elia: "You can't rush it. You've got to make sure that you're dotting all the i's and crossing all the t's and making sure that everything is constructed properly."
181 Fremont is this year's recipient of the NAIOP SFBA Best of the Bay Awards' Best Lease Transaction in San Francisco honor for leasing 436,000 square feet—the entirety of the building's commercial space—to Facebook. The Jay Paul Company-developed luxury tower's office space is among the city's most coveted, outfitted with 12.5-foot ceilings, full-length glass curtain walls, bike sheds, and private underground valet parking. The building is also home to 67 San Francisco luxury condos and 2,480 square feet of retail space. "We are honored to have received such a distinguished award from NAIOP," said Jay Paul Company CIO Matt Lituchy. "Jay Paul Company and our renowned partners built 181 Fremont as the preeminent tower in San Francisco in every aspect of design and development. It's only fitting for 181 Fremont to be leased by one of the world's most innovative and fastest growing companies."
Social media giant Facebook has signed a lease for new office space in the luxury San Francisco high-rise 181 Fremont. The new tower is home to several multimillion-dollar condos on its upper floors, including a $42 million penthouse. Facebook will occupy 436,000 square feet of the building, at a cost of $34.9 million, making it the city's most substantial office lease in three years, according to the San Francisco Business Times.
Facebook has just announced that it has signed a lease for 436,000 square feet of office space at 181 Fremont, the new mixed-use, luxury San Francisco condominium tower in the Financial District. The company's new space will have room for 2,000-3,000 staff members. The deal represents the largest corporate lease in San Francisco in three years, according to San Francisco Business Times. The building, designed by Heller Manus Architects, is also home to 67 luxury residences that feature sleek and elegant interiors by designer Orlando Diaz-Azcuy.
Looking beyond its present Silicon Valley headquarters, Facebook has leased a 436,000-square-foot office space at 181 Fremont Street in San Francisco's SoMa neighborhood for approximately $35 million. Facebook's new lease is the city's largest in three years, according to the San Francisco Business Times, and the space could house as many as 3,000 employees.