History
When the building was first proposed by Jaymont Properties in 1989, the project was called One Second Street.[6] The development was slowed by the early 1990s recession in the United States but was eventually approved in February 1998.[6]
In November 1999, Jaymont sold the development site to a partnership of Cousins Properties Inc. and Myers Development Company for US$22 million.[7] Groundbreaking took place in May 2000 and the building was completed in March 2002.[8][9]
In September 2004, Cousins/Myers sold the building to an affiliate of Hines Interests Limited Partnership for US$146.4 million.[10]
Like many other buildings in the area, 55 Second Street contains a public space, described by the San Francisco Chronicle as "a big room with hardwood floors, skylights and grand leather chairs, like a private club", which is located on a mezzanine level.[11]
