In 2007 the venture acquired San Francisco's historic Pacific Telephone and Telegraph building from AT&T Corporation. Designed by renowned architect Timothy L. Pflueger, the iconic Art Moderne office building was one of the tallest skyscrapers on the West Coast at the time it was constructed in 1925. Located in the heart of the South Financial District, The Telephone Building is within walking distance of public transit and many of San Francisco's most desirable cultural attractions.  This timeless building will be restored into 118 beautifully detailed residential condominiums. The new condominiums will feature classic, elegant designs that will appeal to buyers seeking a traditional and sophisticated urban lifestyle. Premium amenities - a concierge, a fitness center, a day spa, a library, a theatre, parking, in-suite food service and a world class restaurant - as well as well as hotel-like services will be available to the residents. In addition, the rooftop terrace on the 28th floor will offer virtually unobstructed views in all directions.