One of San Francisco’s most iconic buildings is celebrating its reopening after a four-year, $250 million makeover meant to symbolize the city’s renewal. It’s doing so under the shadow of a lawsuit from one of its key tenants.
The Transamerica Pyramid will hold a splashy event Thursday featuring Mayor London Breed and famed architect Norman Foster, whose firm led the renovation. It’s a litmus test not only for a downtown that faces a record 37% office vacancy rate, but also for developer Michael Shvo.
The Transamerica Pyramid in San Francisco.
Shvo’s company defaulted last month on a property in Beverly Hills and now faces a $600 million lawsuit related to the Core Club, a trendy members-only spot that was supposed to open a three-story location in the Transamer