Construction is wrapping up for the hotel rising at 72 Ellis Street by Market Street in the Tenderloin, San Francisco. The boutique citizenM Hotel will occupy the site once complete, making space for 195 new guest rooms just two blocks from Union Square. The same company is responsible for the development.
The building yields 74,070 square feet, of which 68,550 square feet will be hotel, 5,520 square feet for retail, and 2,350 square feet of open space. Guests will also find amenities in the mezzanine, the second-floor lounge, and rooftop terrace.
Gensler is responsible for the architecture in design. The facade includes glazed windows with light gray metal panels and stone rainscreen paneling.
The development, being an infill project, has little room for unique creative expression, so the main objective is for the development to contribute to the economic vibrancy and diversity. To this end, the hotel/retail will provide a new source of pedestrian traffic into the city’s core. This project will continue citizenM’s ambition for creating, “high design hotels located in incredible locations, but at an affordable price point.”
The developers expect completion by 2021.The development last sold in 2016 for $24 million, while the construction permits projected development to cost another $30 million.
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