$400,000,000 Renovation of the Transamerica Pyramid in San Francisco Underway

I don't think downtown San Francisco is gonna die, and neither does one of the world's most prolific real estate developers, Michael Schvo, who purchased the Transamerica Pyramid in 2020 with plans for a $400 million plus renovation of the 50-year-old landmark. Plans for renovating the building are designed by UK-based architects Foster and Partners, who have done their fair share of incredible buildings all over the world, including locally, like Apple's Cupertino headquarters. Renovations for the building will see expansion into adjacent buildings that will be connected by a redwood park. There are also plans for a members-only social club that will feature private work suites, a gym, private outdoor spaces, space and a sky lounge that will no doubt have some of the most iconic views in all of San Francisco. I cannot wait to see what they do to the place. Follow me for more of the best Bay Area real estate.