The California Public Employees Retirement System is building a 550,000 sf office complex along Q Street between 3rd and 5th to expand their existing headquarters directly north along P Street. The project will also include a 1,000 space underground parking garage, approximately 20,000 sf of commercial space for retail, and a child care center open to the public. In addition approximately 180 residential units will be developed along the project frontage on R Street and additional parcels between 5th and 7th on R Street.

Total Project Cost: Estimated at $220 million

Date of Completion: 2006