New York real estate mogulhad his eyes on San Francisco Transamerica Pyramid long before the iconic building was listed for sale for the first time in its history in 2019. In fact, Shvo had been dreaming about it for decades.
extensive upgrades to the Transamerica Pyramid’s entrance and lobby and the addition of a list of amenities. The property — which includes two smaller buildings at— features a Redwood Park designed in 1969 by Thomas Gali that will be restored and expanded. This vision resonated with those steering the city into a new chapter."This project gives me goosebumps," said Mayor London Breed."This is not just about this iconic building that is photographed and seen all over the world — this is about creating an open community space and place where people can congregate, where folks can dine and enjoy this particular neighborhood in San Francisco.
Shvo's $650 million acquisition of the pyramid — which was completed months after the pandemic chilled the city's once incredibly hot office market — made headlines at a time of mounting uncertainty about the future of the city. Just over two years later, Shvo spoke publicly for the first time about how the high-profile deal was closed.
What followed were five months of phone calls, interviews and six rounds of bidding that Shvo described as a"nail biter." "He said, 'I found something,'" said Shvo, adding that Lucas sent him a photo of himself holding a golf ball engraved with the word"Transamerica.""At that point I knew that God is with us, the building is ours, and that's the way it was."
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Source: SFBusinessTimes - 🏆 78. / 68 Read more »
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