Pacific Telephone Building Scraps Plans For Condos, Moves On To Office Space

http://sf.curbed.com/archives/2012/03/08/pacific_telephone_building_scraps_plans_for_condos_moves_on_to_office_space.php

Pacific Telephone Building Scraps Plans For Condos, Moves On To Office Space
Thursday, March 8, 2012, by Alex Bevk

Back in 2007, developers Wilson Meany Sullivan (of Ferry Building and One Powell fame) acquired the Timothy Pfleuger art deco skycraper at 140 New Montgomery Street. Known as the Pacific Telephone & Telegraph Building, the tower was one of the tallest skyscrapers on the West Coast at the time it was constructed in 1925. The developers had grand plans to renovate the building into luxury condos, and even got through the permitting and entitlements labyrinth in 2008. Unfortunately for them, the plans were hatched right before the recession, and the loss of funding cause the project to stall out for the past four years.