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Department of the Environment lease approved to move to 1455 Market after tenant‑improvement language struck
Summary
The Department of the Environment secured committee approval to proceed with a lease for 24,440 sq ft at 1455 Market after removing a proposed landlord‑financed amortization option for additional tenant improvements; DOE will return with construction estimates and fundraising progress.
The Budget and Finance Committee reviewed and tentatively approved a revised lease resolution on May 1 that would move the San Francisco Department of the Environment into a consolidated 24,440‑square‑foot office at 1455 Market Street.
Melanie Nutter, director of the Department of the Environment, said the department currently operates in multiple locations and faces expiring leases and impending renovation shutdowns (401 Van Ness). DOE negotiated a base lease for the 12th floor offering a tenant allowance of about $61.48 per square foot (roughly $1.5 million) and a fully serviced base rent of $20 per…
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