One Powell, constructed in 1921 by the founder of the Bank of America, was one of the first residential conversions of a Category I historic office building in downtown San Francisco. Adaptive re-use created unique street front retail on the ground floor and upscale residential apartments on the five upper floors. Located near Union Square at the base of Powell and Market Streets, one of the busiest pedestrian corners of San Francisco, the building provides an outstanding location for its two retail tenants, Bank of America and Forever 21. One Powell was awarded the San Francisco Business Times 2004 Deal of the Year Award for Rehab Residential.