50 Beale Street

50 Beale Street
Corner view (2022)
50 Beale Street is located in San Francisco
50 Beale Street
50 Beale Street
Location within San Francisco
50 Beale Street is located in California
50 Beale Street
50 Beale Street
50 Beale Street (California)
50 Beale Street is located in the United States
50 Beale Street
50 Beale Street
50 Beale Street (the United States)
Former namesBechtel Building
Blue Shield of California Building
General information
TypeCommercial offices
Location50 Beale Street
San Francisco, California
Coordinates37°47′28″N 122°23′47″W / 37.7912°N 122.3965°W / 37.7912; -122.3965
Completed1967
OwnerParamount Group, Inc.
Height
Roof328 ft (100 m)
Technical details
Floor count23
Floor area730,136 sq ft (67,831.9 m2)
Design and construction
Architect(s)Skidmore, Owings & Merrill
References
[1][2]

50 Beale Street is a 328 ft (100 m), 23-floor high-rise office building in the Financial District, San Francisco between Market Street and Mission Street. It is on the list of tallest buildings in San Francisco.

Completed in 1967, the building served as the world headquarters for Bechtel before the company moved to Reston, Virginia.[3] The building has also served as headquarters for Blue Shield of California between 1996 and 2018.[4] In 2006, Blue Shield renewed its lease and acquired naming rights to the building. The building has formerly been known as the Bechtel Building and subsequently the Blue Shield of California Building.[5]

Broadway Partners acquired the building in 2007.[6] A joint venture of The Rockefeller Group and Mitsubishi Estate New York acquired the building in September 2012.[7] The building was sold to Paramount Group, Inc. for approximately US$395 million in September 2014.[8]

The building features a 1920 railcar used by Steve Bechtel. The private railcar was the Bechtel family home in the 1920's and was the living quarters of the Bechtels when constructing the Hoover Dam.[9]

  1. ^ "Emporis building ID 118861". Emporis. Archived from the original on March 6, 2016.{{cite web}}: CS1 maint: unfit URL (link)
  2. ^ "50 Beale Street". SkyscraperPage.
  3. ^ Gregg, Aaron (June 7, 2018). "Bechtel to move headquarters to Reston after more than a century in San Francisco, bringing 150 jobs". The Washington Post.
  4. ^ Li, Roland (March 8, 2017). "Blue Shield to move headquarters from San Francisco to Oakland with massive lease". American City Business Journals.
  5. ^ "50 Beale Street to be Renamed Blue Shield of California Building" (Press release). Blue Shield of California. September 28, 2006.
  6. ^ Dineen, J.K. (March 8, 2007). "Broadway Real Estate buys South San Francisco building for $66 million". American City Business Journals.
  7. ^ "Rockefeller JV Acquires San Francisco's 50 Beale St". Commercial Property Executive. September 14, 2012. Archived from the original on September 12, 2014. Retrieved June 27, 2014.
  8. ^ "The Rockefeller Group Sells 50 Beale for $395MM" (Press release). The Registry. September 10, 2014.
  9. ^ "San Francisco, California: WaaTeeKaa Bechtel Museum". Roadside America. Archived from the original on 2023-03-22. Retrieved 2023-12-10.