The large number of available floors was an attraction, as were such features as operable windows, rarely available in contemporary office buildings. Lieu and other Yelp-ers, including Chief Executive Jeremy Stoppelman, saw the building long before the $80 million–plus revamp was complete. Yelp’s top executives chose the space after looking at office space in “many, many buildings” in San Francisco, Lieu said, because of the building’s character and history and because Yelp “wanted a space to accommodate our size and our growth.” Last year, once the developers decided to rework the building as an office block, work began on the ambitious renovation. Initially, the developers planned to convert the building to a residential condominium, but the recession and financial crisis put those plans on ice. The current owners, developers Wilson Meany and Stockbridge Capital Partners, bought the iconic building in 2008 for $118 million, with that price including a nearby parking garage. Which ended up merging with SBC and the vestiges of Pacific Bell/Telesis), moved out in 2007. The high-rise had been unoccupied since AT&T Today, the business-review site, which has been growing steadily but losing money since it was founded in 2004, occupies nine floors in the recently reopened building. “We are kind of the new Pac Bell or AT&T,” said John Lieu, director of real estate and facilities for Yelp. The Bell system logo remains above the front entrance to 140 New Montgomery, a reminder that Yelp’s headquarters was once home to Pacific Telephone & Telegraph. Googleplex, Pacific Telephone developed ways to keep its employees inside the building, with a cafeteria for employees - most of whom were women - and an auditorium for special events, lectures, parties, bridal showers and exercise classes. The building, now named for its address, 140 New Montgomery, was designed by the well-regarded local architect Timothy Pflueger. The 26-story Art Deco building was once owned by Pacific Telephone & Telegraph Co., or PT&T, one of the Baby Bell subsidiaries of AT&T Inc. Unlike the sanitized office parks that Silicon Valley is famous for, Yelp’s new offices are in one of San Francisco’s earliest skyscrapers, a relic of the building boom of the Roaring ’20s. Several characteristics would be familiar to anyone who’s visited one of Silicon Valley’s tech campuses - casual attire, areas for fun and games, espresso bars - but in other respects a location in the city helps create a unique environment. All other offices, including the new San Francisco one, will now open either later this year or early next year, the company said.Įarlier this year, Yelp placed some of its New York office space - at SL Green Realty’s 11 Madison Avenue and at 200 Fifth Avenue - on the sublease market.Over Labor Day weekend, Yelp moved into its new offices in a recently renovated skyscraper a stone’s throw from the city’s Financial District. The reopening of its Phoenix office, originally planned for August as a pilot of the new hybrid setup, has been pushed back to Sept 15 due to concerns over the Delta variant. Yelp will continue with its plans for a hybrid model at its headquarters as well as offices in New York, Chicago and London, among others, albeit with some changes. “While we plan to continue to have offices in the cities where we’re currently located, we no longer need the same amount of space that we had in the past,” the company wrote in an announcement Thursday. 350 Mission in San Francisco and Yelp CEO Jeremy Stoppelman (SOM, Getty)įor its San Francisco office, Yelp has left a poor review.Īmid a broader reevaluation of its office footprint, the San Francisco-based tech company is moving to a new location at 350 Mission Street, where it will occupy 53,596 square feet across three floors - about one-third the size of its current office at 140 New Montgomery Street, according to a Yelp spokesperson.
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