By: Roland Li
San Francisco, California
Plans to convert the historic Hearst Building into a hotel in downtown San Francisco won approval Thursday from the city’s Planning Commission.
Developer JMA Ventures and property owner Hearst Corp. want to convert offices in the 1909 building at 5 Third St. into 170 hotel rooms. The project would add a new rooftop bar, event spaces and seismic upgrades, while preserving the lobby designed by architect Julia Morgan. It requires final approval from the Board of Supervisors.
The developer is working with existing retail tenants to either honor leases or find alternatives, Todd Chapman, president of JMA Ventures, said at Thursday’s Planning Commission hearing.