Excavation Underway For New Stripe Headquarters

Where highways meet rail yards, a new SoMa office building is being born.  It won’t be the largest, tallest, or even prettiest building in the neighborhood, but it will add needed office space in a city with the 5th highest office rents in the world.  Near the I-280 ramp touchdown and across the street from the rusty Caltrain rail yard, lies the developing grounds of 510 Townsend.  DPR Construction is in the nascent stages of development, evident by the mounds of earth and partially excavated soil seen recently on the property, and is projected to have doors open for tenant Stripe by late 2017.  Stripe, a technology firm offering online payment services to businesses, agreed to lease the building from Alexandria Real Estate Equities earlier this year and will occupy all of the allocated 269,063 sq. feet of space.

The brick clad seven story building, designed by Studios Architecture, will have a variable height maxing out at 85 feet, which doesn’t include parapet and roof mechanical equipment.  Despite the polished Steelblue renderings, not much excitement can be pulled from the building’s exterior design, which seems to be bent on celebrating the look of an old warehouse.

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