Sam Altman’s real estate interests continue to stretch beyond his artificial intelligence outfit and troubled mansion in San Francisco.
The OpenAI co-founder is eyeing a 70,000-square-foot lease at one of Tishman Speyer’s buildings in Mission Rock for his cryptocurrency startup dubbed, “World,” the San Francisco Chronicle reported, citing sources with “insight” on the prospective deal.
The 28-acre Mission Rock mixed-used development, which counts the San Francisco Giants professional baseball team as a partner with Tishman, is about a half mile from the 800,000 or so square feet OpenAI occupies across three buildings in Mission Bay.
World’s offices would be in Building B of Mission Rock’s first phase at 1090 Dr. Maya Angelou Lane. The Chronicle reported that talks currently involve the top two floors of the 13-story building.
Neither Tishman nor World has commented to the Chronicle on reports of the talks.
The Mission Rock project will total 1.4 million square feet of life sciences and office space when fully developed beyond the first phase that’s up and running, according to current plans. The commercial space would be complemented by about 1,000 apartments.
Altman’s cryptocurrency outfit — which uses AI technology for iris scans to create a global identity network — would join Visa, the Golden State Warriors and Capgemini, a locally based tech firm, at Mission Rock.
Altman has become both a leader in the development of AI and a lightning rod for criticism of the technology as a potential danger as it takes roots in processes ranging from basic office tasks to more sophisticated uses. His status has not spared him from the mundane or contentious aspects of real estate in his personal life. Indeed, Altman is currently pursuing a “lemon” lawsuit over alleged defects at his primary residence in one of San Francisco’s tonier residential precincts on Russian Hill.
An LLC with ties to OpenAI CEO Sam Altman has purchased the street-to-street property next door to his current Russian Hill home in an off-market deal, The Real Deal reported on Tuesday.
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