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San Francisco set the tax rate in 2012 at 0.55 percent of assessed value; due to rising real estate prices, however, the 2014 tax burden had risen by nearly 50% compared to the 2012 tax burden, and the developers threatened to pull their building plans entirely or sue the city. [24]
Salesforce Transit Center construction site. The Transit Center currently has three levels plus a 5.4-acre (2.2 ha) public rooftop park. The ground level is the street entrance to the Transit Center. Above that are administrative offices, retail shops, restaurants, and the Amtrak/Greyhound waiting room.
Multiple skyscrapers have been constructed near the new Salesforce Transit Center, including Salesforce Tower, which topped-out in 2017 at a height of 1,070 feet (330 m). [18] [19] This building is the first supertall skyscraper in San Francisco and among the tallest in the United States.
The Portal, also known as the Downtown Rail Extension (DTX), [1] is a planned second phase of the Salesforce Transit Center (also known as the Transbay Transit Center (TTC)). When complete, it will extend the Caltrain Peninsula Corridor commuter rail line from its current northern terminus at 4th and King via a 1.3-mile (2.1 km) tunnel. [ 2 ]
The Temporary Transbay Terminal was the San Francisco terminus for Transbay and regional buses for most of the 2010s. It was in operation from August 2010 through August 2018, when the new Salesforce Transit Center opened, and again from September 2018 to August 2019 during a temporary closure of the new center. It occupied the city block ...
Salesforce Tower is adjacent to the Salesforce Transit Center, a 1,430 feet (440 m) transit station that replaced the San Francisco Transbay Terminal, which had been severely damaged as a result of the 1989 Loma Prieta earthquake and served as the central focus of the San Francisco redevelopment plan. The building is located near Millennium Tower.
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