Qipu
Contracts

City Administrator's Office

Lease of 1455 Market

Original title: “ADMRE-1455 Market Lease”

$1.1M
paid on this contract in FY2025
$33.4M paid so far, of $184.1M agreed · runs to April 2045
May 1, 2024April 30, 2045
running

Paid to

Hudson 1455 Market Street LLCprime contractor$33.4M

Paid from, FY2025

The fund tells which City account paid. Enterprise funds (Airport, Muni, Water…) are mostly paid from their own fees, fares and rents; the General Fund is mostly local taxes. A special revenue fund holds money earmarked for a purpose, often grants. The fund does not say where the money first came from.

Special revenue fund · annual projects84%$970,029
Muni transit fund · multi-year projects16%$179,213

Paid year by year, FY2025–FY2026

FY2026$12.7M
FY2025$1.1M

Type and award

Contract type: Rents and other non-purchase agreements

Award: Rent or real estate

Next contract in this departmentGarbage and recycling collection for City buildings4th of 826 active contracts in this department by amount agreed$119.0M

Contract 1000033319 · Source: Supplier Contracts · every payment on this contract

See also

Same department, same kind of contract

Running the Moscone CenterMoscone Center Joint Venture · $776.3M agreedLease of 350 Rhode Island350 Rhode Island Operating Company LLC · $117.9M agreed

Overview

Payments to Hudson 1455 Market Street LLCBy year and by paying departmentCity Administrator's Office: every active contractIts contracts and suppliersRents and other non-purchase agreements: every contract of this typeEvery contract of this type on the register