Montgomery Street


Montgomery Street is a north-south thoroughfare in San Francisco, California, in the United States. It runs about 16 blocks from the residential Telegraph Hill neighborhood south through downtown, terminating at Market Street. South of Columbus Avenue and Washington Street, Montgomery Street runs through the heart of San Francisco's Financial District and contains one of the highest concentrations of financial activity, investment business, and venture capital in the United States and the world. For this reason, it is known as "the Wall Street of the West". The stretch of Montgomery from Washington Street to Market Street consists mainly of high-rise office buildings, the best known being the Transamerica Pyramid, which was the tallest building in San Francisco from 1972 until 2018. South of Market Street, the street continues as New Montgomery Street for two more blocks to terminate at Howard Street in the SOMA district. On Telegraph Hill, the street's main section ends near Julius' Castle, with a separate segment resuming one block to the north, running from Lombard Street to Francisco Street.

History

Before the California Gold Rush, the land which is now Montgomery Street lay at the edge of San Francisco Bay, running along the anchorage of Yerba Buena Cove. In his book Days of the Dons, Steven Richardson recalled in the late 1830s watching "good-sized" fishes and "bears, wolves, and coyotes quarreling over their prey along what is now Montgomery Street".
Montgomery Street had its beginnings as an unnamed street running along the shoreline in what was then the Mexican pueblo of Yerba Buena. On July 9, 1846, following the Bear Flag Revolt, a detachment from the USS Portsmouth, commanded by Captain John B. Montgomery, landed near what was later the intersection of Montgomery and Clay Streets and raised the American flag at the nearby plaza of Yerba Buena. When the newly-renamed American city of San Francisco was platted by Benjamin R. Buckelew and Jasper O'Farrell in 1847, the street was given the name Montgomery Street in his honor. File:View of San Francisco 1846-7.jpg|right|thumb|View of San Francisco following the 1846 American conquest of California, showing Montgomery Street as the location of the shoreline of Yerba Buena Cove. Print by Edward Bosqui Company, ca. 1884.Intense land speculation during the Gold Rush created a demand for more usable land in the rapidly growing city, and sandy bluffs near the waterfront were leveled and the shallows filled with sand to make new building lots. Between 1849 and 1852, the waterfront advanced about four blocks. At present, Montgomery Street is about seven blocks from the water. In 1853 the Montgomery Block, a center of early San Francisco law and literature, was built at 600 Montgomery, on land currently occupied by the Transamerica Pyramid.

Offices

Many banks and financial-services companies have had offices in the buildings on or near Montgomery Street, especially between Market Street and Sacramento Street:
and other notable buildings along Montgomery Street:

Financial District

A building bearing the name of One Montgomery Tower is located one block away from Montgomery Street at the intersection of Post and Kearny streets, behind the Wells Fargo flagship branch and Crocker Galleria.

Telegraph Hill

The Admission Day Monument at the intersection of Montgomery Street and Market Street commemorates California Admission Day, the date on which the state became part of the Union, following the Mexican–American War of 1848.

Public transit

Montgomery Street is served by the BART and Muni Metro Montgomery Street Station.