Developers have applied for the variance application required for demolition at 570 Market Street, in San Francisco’s Financial District. A two-story retail build on-site will be cleared for a 29-story infill hotel tower with 240 guest rooms. The request comes after a shadow study submitted in early May. The Frontier Group is the project developer.
The structure will rise 330 feet above street level with 155,640 square feet of gross area. 126,820 will be for hotel use, 5,350 square feet for ground-level retail, and 4,200 square feet of privately owned public open space, a.k.a. POPOS. A portion of the public space will be located on a 3,540 square foot outdoor lounge and bar on the 15th floor landscaped by dwg.
Danny Forster & Architecture, or DF&A, is the project architect. The tower is uniquely constrained by the trapezoidal lot abutted by the Chancery Building, the Hobart Buildings, and the 565 foot tall 44 Montgomery Street office tower. A metal screen wall will increase guest privacy for units overlooking Market Street below the 15th-floor setback.
Guest amenities will include a fitness center and an outdoor yoga studio deck on the 18th floor. Parking will be included for 17 bicycles, tour buses, though no single-family cars.
Assessors’ documents indicate that the property sold in 2018 for $14.5 million. The new development will invest an estimated $75 million for construction. New building permits have not yet been filed.