Ceremony Held For Transamerica Pyramid Renovation

SHVO, the new owner of San Francisco’s Transamerica Pyramid and two adjacent buildings, has started renovations of the iconic property with an official ceremony, SF Yimby reports. Though not a traditional groundbreaking event, dirt was shoveled by many important local representatives next to Michael Shvo. The Transamerica Pyramid opened in 1972. The 853-foot-tall structure is covered with 3,000 windows woven together. Across the 48 floors, the building gradually transitioned from its largest floor plate on the fifth level, with 21,025 ft² down to just 2,025 ft² at the top. Once complete, the building was the eighth-tallest building in the world and the tallest skyscraper in San Francisco until the completion of the Salesforce Tower in 2018. The structure contains roughly 702,000 ft². The master plan for the downtown location is being called The Complex. Along with the Transamerica Pyramid, SHVO will renovate Two Transamerica and Three Transamerica. The properties will be connected by a reimagined Redwood Park. Plans for renovating the 50-year-old landmark are designed by Foster + Partners. Construction will be spread across phases with work by Hathaway Dinwiddie Construction. Phase one is expected to open next year.