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LUMINA, also known as 201 Folsom Street, is a 655-unit residential condominium project in the Rincon Hill neighborhood of San Francisco. Developed by Tishman Speyer, it is located one block to the southwest of its sister project, The Infinity.[7]

History

The project was originally approved in September 2003 concurrently with its sister project, The Infinity.[8] Tishman Speyer developed The Infinity first, completing it in 2009. Meanwhile, 201 Folsom Street was left unbuilt, and with its permits set to expire, Tishman Speyer was granted a three-year extension in 2009. After being redesigned by Arquitectonica, another 12-month extension was granted in 2012.[5][9]

In February 2013, Tishman Speyer announced that it had formed a joint venture with China Vanke to develop 201 Folsom Street.[6] According to Reuters, China Vanke agreed to contribute $175 million for a 70% stake, and Tishman Speyer $75 million for a 30% stake. The remainder of the project's $620 million cost was to be financed with debt.[10] Tishman Speyer received its building permits in May 2013[11] and construction commenced in June.[12]

201 Folsom I, located at the corner of Folsom and Beale, stands 400 feet (120 m) and 42 stories tall.[8] 201 Folsom II, located along Main Street, stands 350 feet (110 m) and 37 stories tall.[8] Ceremonial groundbreaking took place on June 26, 2013, and the project was named LUMINA.[13] Construction was expected to take about 23 months.[13] Residents began moving into the complex in August 2015.[14]

Gallery

  • Tower 1, South View in 2015
    Tower 1, South View in 2015
  • West View, 2015
    West View, 2015

See also

References

  1. ^ "201 Folsom I". Emporis. Archived from the original on March 7, 2016.
  2. ^ "201 Folsom II". Emporis. Archived from the original on March 6, 2016.
  3. ^ "LUMINA". SkyscraperPage.
  4. ^ "LUMINA". SkyscraperPage.
  5. ^ a b "The Arquitectonica Redesigned 201 Folsom Street Rendering Scoop". SocketSite. 2012-02-08. Retrieved 2012-03-05.
  6. ^ a b "Tishman Speyer and China Vanke Join Forces to Develop Luxury Residential Tower". 2013-02-18. Retrieved 2013-06-11.
  7. ^ "Rundown of San Francisco's Projects! Under Construction, Approved, and Proposed..." SkyscraperPage. Archived from the original on 7 August 2007. Retrieved 2007-08-17.
  8. ^ a b c "Executive Summary: Conditional Use" (PDF). San Francisco Planning Department. 2012-10-18. Retrieved 2013-02-22.
  9. ^ "San Francisco Planning Commission Meeting Minutes". 2012-10-18. Retrieved 2013-02-22.
  10. ^ Jonas, Ilaina (2013-02-18). "Tishman Speyer, China Vanke to build 2 California condo towers". Reuters. Retrieved 2013-06-19.
  11. ^ "Permits For Tishman's 201 Folsom Street Towers Project Issued". SocketSite. 2013-05-30. Retrieved 2013-06-19.
  12. ^ "Twin-Towered Folsom Street Development Is Underway". SocketSite. 2013-06-18. Retrieved 2013-06-19.
  13. ^ a b Fancher, Emily (2013-06-26). "Tishman Speyer breaks ground on 201 Folsom St". San Francisco Business Times. Retrieved 2013-06-26.
  14. ^ Weinberg, Cory (June 4, 2015). "Tallest tower at luxury condo complex Lumina to start sales". San Francisco Business Times.

External links

source: https://en.wikipedia.org/wiki/LUMINA