There is some spark left in FiDi, however, as two formerly empty plots of land near the Chinatown border promise to break the district’s 15 year lull in new high rise construction. Delayed by a long history of ownership changes, community group challenges, and economic uncertainties, the 350 Bush and 500 Pine Street sites laid dormant for decades. However, spurred by a brighter economic outlook and financial backing by Chinese firm Gemdale, co-owner Lincoln Property broke ground on the sites earlier this fall. A recent site tour showed construction activities in full swing with the properties currently undergoing excavation and shoring installation.
350 Bush Street
A significant aspect of the project is preservation and restoration of the Mining Exchange building. The 92 year old building will be seismically retrofitted and both the interior and exterior will be repaired and restored to their original state.
500 Pine Street
Based on current progress, we estimate 500 Pine should be ready for occupancy in early 2016 with 350 Bush following a year later.