The power of manifestation? As #Transamerica Pyramid turns 50, so does its new owner @MichaelShvo. He drew the iconic building that he would own decades later after his first trip to #SanFrancisco as a child. Now, Shvo is investing some $400M to remake it.
#realestate#office
We celebrated the 50th Anniversary of the Transamerica Pyramid and the $400 million reinvestment by @shvo to renovate and transform this iconic location. This project is exactly how we are building our recovery — and a signal that our future is bright.
"The idea is that this ground plane of the Transamerica Pyramid is going to be an attraction for the people of San Francisco," said new owner Michael Shvo. "I want people to come to the pyramid, to the park, and not just take a picture from a mile away." https://t.co/43G4OZpFzh
"The idea is that this ground plane of the Transamerica Pyramid is going to be an attraction for the people of San Francisco," said new owner Michael Shvo. "I want people to come to the pyramid, to the park, and not just take a picture from a mile away." https://t.co/ETGADEz01j
In meetings at City Hall, Developer Michael Shvo said he has pitched incentives to help "right size" the amount of office space in the city’s business district.
Older office stock “really shouldn’t exist, probably will be repurposed,” he said.
https://t.co/wgpXGSpEh4
The Transamerica Pyramid is one of the truly iconic symbols of San Francisco. Yesterday, we broke ground on a massive renovation of this beautiful building & its adjacent grand redwood tree park. Thank you Michael Shvo for believing in & investing in our city.
SHVO Founder & CEO Michael Shvo joins @JillMalandrino on @Nasdaq#TradeTalks to discuss super prime real estate and future of the office.
https://t.co/jByT0gKJTr
Property developer Michael Shvo and his backers acquired six major office and retail buildings for more than $2 billion in 2019 and 2020. The fate of those towers will say a lot about the future state of U.S. office properties. https://t.co/fXoV0s3OYO