A Chinese billionaire-owned real estate firm is building a huge skyscraper in San Francisco

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oceanwide center drawing

Oceanwide Holdings; Melia Robinson/Business Insider

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Downtown San Francisco is home to a game of one-upping among real estate developers.

On December 8, city officials broke ground on yet another skyscraper in the city's hottest area for new construction. Oceanwide Center, named for its Chinese developers, will be the second tallest building in San Francisco upon completion in 2021. The mixed-use hotel, residential, and office development will span eight lots and total approximately 60,000 square feet in size.

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Here's a glimpse at what Oceanwide Center will look like.