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Historic Bank in Downtown San Francisco Sells for $82 Million

New Owners Hint at Plans to Revamp 111-Year-Old Building
One Montgomery was originally constructed as a 12-story tower, but has been chipped away over the years. (CoStar)
One Montgomery was originally constructed as a 12-story tower, but has been chipped away over the years. (CoStar)
By Anthony Rizzo
July 18, 2019 | 2:36 P.M.

The historic building at 1 Montgomery St. in downtown San Francisco, now a Wells Fargo branch, has been sold to a team of developers who plan on transforming the property into top-tier office space.

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