History
In the 1830s, the land which is now Montgomery Street lay at the edge of San Francisco Bay. 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 (and the ruins of many ships) 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.
The corner of Montgomery and Clay is where John B. Montgomery landed when he came to hoist the U.S. flag after the Bear Flag Revolt of 1846. 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.
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