 The Orchestra played there for 4 decades before the Dorothy Chandler Pavilion was built in 1963.The Philharmonic Auditorium was demolished in 1985.Although the site has been a parking lot for decades, San Francisco real estate investment firm MacFarlane Partners announced in 2014 that the Park Fifth development was going ahead with 650 units in a high-rise apartment building that would face historic Pershing Square.