In early June, Kilroy Realty Corporation—the developer best known in San Francisco for being at the center of the SF Flower Mart drama—spent $95 million to buy a 3.1-acre parcel in Mission Bay. Now they have released new designs from LA-based architects Rios Clementi Hale Studios for what will become a four-building office complex right next to the 280 freeway. The designs have an industrial feel that draws from the character of nearby Dogpatch and Potrero Hill and are aiming to appeal to future tech tenants.
The complex also has a new name: Exchange on 16th. It will consist of two 6-story and two 12-story buildings that will have roof decks, high ceilings, and views of downtown and the Bay Bridge. Although construction will start next year with no tenants yet on board, Kilroy has already had significant success in the San Francisco commercial real estate market, with home runs like 350 Mission, which went to Salesforce, and 333 Brannan, which was leased by Dropbox.