 After being redesigned by Arquitectonica, another 12-month extension was granted in 2012.In February 2013, Tishman Speyer announced that it had formed a joint venture with China Vanke to develop 201 Folsom Street.According to "Reuters", China Vanke agreed to contribute $175 million for a 70% stake, and Tishman Speyer $75 million for a 30% stake.