Chevron Tower, Corporate skyscraper in Financial District, San Francisco, United States
Chevron Tower is the 40-story, 175 m (574 ft) tower at 575 Market Street in San Francisco's Financial District, completed in 1975. With its shorter sibling at 555 Market Street (22 stories, 95 m, completed 1964), it forms the Market Center complex, designed by Hertzka & Knowles. Both buildings have precast terra cotta panels above a granite base and share a central landscaped plaza.
The complex was built in 1964 for Standard Oil Company and later owned by several corporations, including Chevron Corporation. Ownership changed to Paramount Group in 2019.
The complex's name changed with its owner: it opened as the Standard Oil Buildings, became the Chevron Towers, and is now Market Center. The two towers share a landscaped central plaza on the mid-block site at 555–575 Market Street, and both are clad in precast terra cotta panels above a granite base.
The building sits near public transportation stops and dining options in the heart of the Financial District. Visitors can easily walk through the area and access nearby business facilities.
By 2003 the complex was 83 percent vacant, and a DivcoWest and RREEF joint venture bought it for US$79.5 million. Paramount Group later wrote off its entire investment, valuing its stake at zero. In May 2025 the Flynn Group agreed to buy the buildings for US$177 million, the remaining loan balance.
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