On Thursday, April 3, the San Francisco Planning Commission will hold a regularly scheduled public hearing at City Hall. The meeting agenda will include four items related to the approval of the proposed 29-story hotel at 570 Market Street in the Financial District. The project, designed by Danny Forster & Architecture, has been in the works since early 2021 but has not yet begun construction.
The proposed 211-guest room hotel is proceeding ahead despite the suspension or cancellation of many similar projects in recent years. Despite some minor delays and recent lethargic hotel development in San Francisco, the 570 Market Street project will request a Mitigated Negative Declaration, a Request for Downtown Large Project Authorization, a Request for Conditional Use Authorization, and a Request for Variance at Thursday’s meeting.
570 Market Street POPOS entrance, rendering by Danny Forster and Architecture
570 Market Street POPOS terrace, rendering by Danny Forster & Architecture
If fully approved, the new building is expected to rise approximately 300 feet directly on Market Street, near Montgomery BART station. The building would include 123,000 square feet of hotel space, with 3,400 square feet of retail space on the ground floor. The building’s excellent access to public transportation, nearby offices, and landmarks is expected to help facilitate the hotel’s profitability through a combination of leisure and business travelers.
The San Francisco Planning Commission’s preliminary findings are to approve each item, although some with conditions. This Meeting will be held at 12:00pm April 3rd in Commission Chambers, Room 400 City Hall, 1 Dr. Carlton B. Goodlett Place, San Francisco. It can also be live-streamed at SF Planning.
Site Location, image via Google Earth
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Never going to happen, San Francisco doesn’t need another hotel or office building. Where is the hotel entrance, how will hotel guests arrive? via BART or Muni not going to happen.
This is a great idea! I love that it’s right by transit and in a central, relatively clean neighborhood. Downtown needs more life, and this is perfect.
If they need to arrive by car, there’s access on Sutter Street. Presumably the lobby will extend through the building.
Four years is quite enough time to spend on figuring out what you want to request in terms of large project authorization(s), Conditional Use Authorizations, or any and all variances.
If you as a developer can’t work your way around to actually requesting and paying for a building permit in that amount of time, The City needs to take your property via eminent domain, compensate the owners accordingly and use it to start on whittling down the State-mandated 82,000 new housing units which it is required to plan for and permit under the Regional Housing Needs Allocation (RHNA), which would include roughly 33,000 low- and very low-income units, and 14,000 middle-income units, by 2031.
In addition, with all of the local mom-and-pop landlords converting for-lease units to VRBO and other kinds of short-term rentals, there’s very little need for new build hotels both now and in the forseeable future.
The Hobart Building, visible in the background: a lovely masonry building, from the days when they knew how to build them!