San Francisco’s Stalled MEGAPROJECT Finally Moves—at a Stunning Loss

One of San Francisco’s most infamous stalled developments — the Oceanwide Center near Salesforce Tower — is reportedly set to sell for around $95 million, a fraction of the more than $1 billion invested before construction halted.Once planned as a massive mixed-use complex with luxury residences, office space, and a Waldorf Astoria hotel, the project has sat unfinished for years, symbolizing the broader struggles facing downtown San Francisco’s commercial real estate market.