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Commission approves exclusive negotiations with Golub and John Buck for Transbay Block 5
Summary
The Commission authorized an exclusive negotiation agreement with a Golub Real Estate and John Buck team for Transbay Block 5, citing a $172.5 million purchase price and a proposed 550‑foot office tower; commissioners asked staff to return with revised ground‑floor designs and workforce/compliance follow‑up.
The Commission on Community Investment and Infrastructure voted to authorize exclusive negotiations with a development team led by Golub Real Estate Corporation and the John Buck Company to develop Transbay Block 5, a state‑owned Zone 1 parcel on Howard Street zoned for a 550‑foot office tower.
Courtney Pash, acting project manager for Transbay, told the Commission the selection process considered purchase price and developer experience. The winning team offered a…
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