Barker Pacific Group's One Sansome in San Francisco gets a $20 Million Makeover

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A century-old space next to downtown San Francisco’s Montgomery BART Station is getting a $20 million makeover for the pandemic age.

Barker Pacific Group, owner of One Sansome Street, is bringing a new bar, restaurant and private event space to the property’s publicly accessible 1910 conservatory, in an effort to reinvigorate the area.

Renovations were planned before the pandemic, but have taken on more significance after foot traffic in the area plunged during the shutdown. Citibank, the anchor tenant of One Sansome’s 42-story tower portion, also vacated five floors as its lease expired and the bank consolidated its offices elsewhere.

The investment in One Sansome is one of the biggest bets on downtown San Francisco after the $250 million renovations planned at the Transamerica Pyramid, and both projects are focusing on hospitality, food and drink to lure both office workers and visitors looking for a good time.

One Sansome is no stranger to downturns. Barker Pacific Group and its partner PGIM bought the property out of foreclosure in 2010, with two floors vacated by defunct bank Bear Stearns. The owners have since invested more than $100 million in the building and it was fully leased by 2015 as the city’s economy recovered strongly.