Transamerica Pyramid Reopens After Major Renovation

San Francisco's iconic skyscraper revitalized by Foster + Partners aims to rejuvenate downtown amid high office vacancies.

The Transamerica Pyramid in San Francisco has reopened after a significant $400 million redevelopment led by Foster + Partners.
Developer Michael Shvo acquired the building for $650 million in 2020, bringing the total investment to over $1 billion.
Renovations include an expanded lobby, refreshed amenities, and a redesigned Redwood Park to better connect the building with its surroundings.
San Francisco leaders hope the restored landmark will boost the struggling downtown area, which has been hit hard by remote work and high commercial vacancies.
New tenants such as Blockchain Capital, NextAxiom, and Wedbush Securities have already signed leases, indicating a positive market response to the revamped space.