Related California is teaming up with Los Angeles-based McCourt Partners on a high-rise gamble at the edge of Jackson Square, where the two developers plan to put up The Jackson, a 41-story office-and-hotel tower at 530 Sansome Street. The project would replace San Francisco Fire Station No. 13 and bring new Class A office space, a five-star hotel and street-level restaurants to the block. Related says it has secured entitlements and the new partners now want to push the tower from the design phase into leasing and financing.
Connect Commercial Real Estate reported that Related announced the joint venture today and quoted Jordan Lang, president of McCourt Partners, saying, "San Francisco is at an inflection point, and 530 Sansome is an investment in its future." According to Connect Commercial Real Estate, McCourt will take an equity stake in the project, although the size and specific terms of that investment were not disclosed.
What’s Planned At 530 Sansome
As reported by the San Francisco Chronicle, The Jackson is designed with roughly 24 floors of office space, about 390,000 square feet, stacked above an 11-floor, 200-room five-star hotel, with retail and restaurants at the base of the tower. The San Francisco Chronicle notes that even with entitlements in hand, Related still needs to secure construction financing and land substantial pre-leasing before any shovels hit the ground.
How The City Cleared The Way And The Fire-Station Swap
According to the San Francisco Board of Supervisors' meeting record, supervisors approved a package of ordinances that created a 530 Sansome Mixed-Use Tower and Fire Station Special Use District and signed off on a development agreement and related incentive package for the project. The city's planning materials describe a standalone, four-story replacement Fire Station 13 at 447 Battery Street that Related would build as part of the public-private deal, along with streetscape and merchant-street improvements detailed in planning filings.
Why The McCourt Tie-Up Matters
Project backers say McCourt brings capital and development experience that can help bridge the gap between entitlement and actual construction. As Connect Commercial Real Estate reports, Jordan Lang has framed the move as a bet on San Francisco’s future recovery, with the partnership pairing McCourt and Related on a high-profile downtown project that developers hope will help draw in both pre-leases and lenders.
Timeline And What To Watch
Related has said it expects to advance drawings and pull permits over the next year, and market insiders told the San Francisco Chronicle that the company is positioning the tower for a planned 2030 opening. Key milestones ahead include whether the partners can lock down construction financing and pre-leasing commitments, and whether the replacement Fire Station 13 at 447 Battery Street is finished on schedule so demolition of the existing station and tower construction can proceed.
