"Trumps Government Plans to Sell San Francisco's Prominent Office Buildings"
Speaker Nancy Pelosi Federal Building: Located at 90 Seventh Street, this 18-story building houses offices for multiple government departments, including the Department of Transportation, the Social Security Administration, the Department of Labor, the Department of Health and Human Services, and the Department of Agriculture. Opened in 2007, the building has faced criticism for its design and maintenance issues. In 2023, employees were advised to work from home due to safety concerns in the surrounding area see more..
50 United Nations Plaza Federal Office Building: Constructed in 1936 and renovated in 2013, this building serves as the GSA's headquarters for the Pacific Rim Region. It is listed on the National Register of Historic Places and houses the U.S. Department of Education.gsa.gov
The General Services Administration (GSA) has identified these properties as "non-core" assets, indicating they are candidates for sale as part of a broader initiative to reduce the federal real estate footprint. This strategy aims to cut costs and streamline operations by selling over 500 federal buildings nationwide.globest.com
The potential sale has raised concerns among San Francisco residents and businesses. Critics argue that selling these buildings could exacerbate the city's economic challenges, particularly in the Mid-Market area, which has already been grappling with high vacancy rates and economic struggles.sfchronicle.com
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