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Transbay on the Rise

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Plans for Transbay's Block 5 have been in the works for a while now, with the development team—a joint venture between Golub Real Estate Corp. and The John Buck Company—proposing a 43-story office tower for the site. Now, the $173 million sale of the site has officially gone through and an October 6 groundbreaking ceremony has been set. Funds from the sale will head into the coffers to build the Transbay Transit Center, to which the new office tower will sit adjacent. [Previously; Curbed Inbox]