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Oceanwide Center Revival Awaits | Real Estate News
Description
San Francisco’s long-stalled Oceanwide Center is finally getting a fresh start—thanks to the San Francisco Recovery Fund, which bought the site for $100 million and tapped BXP, the firm behind Salesforce Tower, to lead every aspect of its revival. Once abandoned after financing collapsed in 2019-2020, the project now pivots to a sleek, all-office tower, betting on strong demand for premium space despite a 30% vacancy rate. With BXP’s expertise and the Recovery Fund’s vision, this could be the catalyst to revitalize downtown’s most iconic stalled development.
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