Forge Development Partners is on the verge of acquiring the Wells Fargo headquarters at 420 Montgomery Street for approximately $54 million. As part of ongoing efforts to transform office spaces into residential units amidst changing demands, this building could become the largest conversion project in San Francisco to date. Currently, Forge is engaged in another office-to-residential project nearby, and there are uncertainties about how many residential units can emerge from this conversion, given the building's design features.
The longtime headquarters of Wells Fargo on Montgomery Street is reportedly close to being sold to Forge Development Partners for a major office-to-residential conversion.
The conversion of Wells Fargo's 420 Montgomery Street could potentially become the largest of its type in San Francisco, offering over 400,000 square feet for residential development.
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