Project · San Francisco, CA · Updated today
Hearst Hotel Development Project
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Sourced from San Francisco meeting, Feb 10, 2026. ZoneWire tracks 214 projects in San Francisco, CA, updated within 24h of every meeting.
Where this stands
Adaptive reuse / office conversion of an 80% vacant office building into a hotel near 3rd Street and Market. ~150 jobs; $40M financial assistance (NPV over 20 years) as a hotel/transient-occupancy-tax rebate of ~$3M/year; projected ~$713,000/year net general fund revenue and ~$157,000/year net to MTA; ~$500,000/year additional property tax over current. Referred without recommendation from Budget and Finance Committee. Passed first reading 9-2.
- Project
- Hearst Hotel Development Project
- Asset class
- Commercial
- Developer
- Bespoke Hospitality LLC
- Location
- 5 3rd Street and 17 Through 29 3rd Street
- County
- San Francisco, CA
- Jurisdiction
- San Francisco
- Current status
- Approved
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Hearst Hotel Development Project
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