680 Folsom designed by SOM. Photo © Cesar Rubio
When TMG Partners and Rockwood Capital acquired the then-vacant former PacBell building for $24 million in 2010, it was clear the project’s motto would be “go big or go home.” The asbestos-contaminated eyesore in the heart of SoMa at 680 Folsom St. was a building that no one wanted. However, TMG proved that the company could transform a drab, concrete-clad building into popular office space. After breaking ground on the project in 2011, TMG renovated the structure for $125 million and then sold it to Boston Properties for $335 million in 2012.