SOURCE: Swinerton Builders
SAN FRANCISCO, CA--(Marketwired - Apr 17, 2014) - Swinerton Builders announced it will build a new 117,000-square-foot facility for developer Breevast at 345 Brannan Street, in the heart of the South Beach historic district. Premier file-sharing service Dropbox has committed to a 12-year lease on the entire five-story structure, as well as the five-story building currently under construction next door at 333 Brannan Street.
Swinerton is also the contractor for the adjacent building, owned by Kilroy Realty Corp., and will be coordinating construction and logistics between the two projects, including the sharing of a tower crane and man hoist. Sharing a contractor and an anchor tenant is expected to result in significant cost savings and schedule benefits for both developers.
Swinerton plans to break ground on the 345 Brannan project immediately. Once complete in mid-2015, the two buildings will share a courtyard and provide a combined total of 295,000 square-feet of office space to support Dropbox's rapidly growing operations.
About Swinerton: Swinerton provides commercial construction and construction management services throughout the United States and is a 100% employee-owned company. Recognized nationally since 1888, Swinerton is the preferred builder and trusted partner in every market it serves -- proudly leading with integrity, passion, and excellence. For more information on Swinerton, visit its blog, Swinerton Builds Tomorrow, Facebook, Twitter, Flickr and LinkedIn.