The Pit at First and Mission
Oceanwide Holdings broke ground on the Oceanwide Center in 2016. The company put the project on the market in December 2019. Construction halted in 2020, and the lender foreclosed. The excavation pit stayed open.
The property covers about 1.5 acres at the corner of First and Mission Streets. Salesforce Tower and Salesforce Park sit across the street.
The Foundation the New Plan Reuses
The purchase includes the completed foundation. SFist reported on 15 September 2026 that the foundation is now seven years old, and that questions about its condition came up in 2025.
SFist also recorded that a re-groundbreaking date is unsettled. A walking route passes the site with no construction start on the record.
Anchor One at 425 Mission Street
The Salesforce Transit Center holds more than one million square feet. Nine transit systems connect there. The rooftop park covers 5.4 acres with 600 trees and 16,000 plants.
The park opens by escalator or by elevator. A walking route from the site to the coach deck at 425 Mission Street measures 0.2 of a mile, or about four minutes on foot.
Anchor Two at Yerba Buena Gardens
Yerba Buena Gardens occupies three city blocks bordered by Third, Fourth, Market and Folsom Streets. The campus holds twenty gardens.
The entertainment inventory includes an ice arena with a 30,000 square foot roof, a bowling alley, a carousel and the Great Lawn.
A walking route from the site to the gardens measures 0.7 of a mile, or about fourteen minutes on foot.
The Three Legs Measured
Site to the coach deck: 0.2 of a mile, about four minutes. Site to the gardens: 0.7 of a mile, about fourteen minutes. Coach deck to the gardens: 0.5 of a mile, about ten minutes.
The two anchors sit 0.5 of a mile apart. The site-to-gardens leg is the longest of the three walks.
Those figures come from street routing on 17 October 2026. A guide sets the leg on Mission Street and keeps the group on the paved grid.
The Open Space the Application Proposes
The October 2026 application keeps the 2016 entitlements for a second tower at 528 Mission Street. It proposes interim publicly accessible open space on that footprint before the tower is built.
The second tower sits on the same property. The proposed open space would land between the two buildings on the route.
The filing gives no date for the interim improvement and no design detail.
How a Dormant Site Shapes the Walk
A fenced excavation removes a corner from the pedestrian network. A guide turns west at Third Street and keeps the group on the paved grid.
The pit also changes what a guide can narrate. One object carries the 2016 groundbreaking, the 2019 market listing, the halt and the sale to the Recovery Fund.
A guide can point at the excavation and date each step in the sequence.
The Programme the Walk Passes
The planned tower runs to 56 floors. The office area reads 1.52 million square feet inside a total of about 1.74 million square feet. The basement garage covers about 44,250 square feet.
A second tower at 528 Mission Street would rise 54 floors and 605 feet. It would add 169 guest rooms and 156 market-rate apartments.
No construction date appears for that second tower.
What the Itinerary Leaves Unbooked
No operator, capacity, event schedule, gallery access term or food and beverage provider appears for either building. The retail restaurant space in the second tower carries 2,000 square feet and no tenant.
The Transit Center and the gardens both operate today. The tower carries an occupancy target of 2030 on its own site.
A group itinerary can use the pit as a stop and the coach deck as a start. The gathering space remains a proposal on paper.