April 22, 2016 Comments Off on Historic Hearst Building Converting to Hotel Views: 607 Bay Area, California News, West

Historic Hearst Building Converting to Hotel

For more on what’s going on in the Bay Area market, attend Connect San Francisco on May 12 at the Hibernia Bank. 

New York-based Hearst Corp. is working with two San Francisco-based firms, JMA Ventures and Kenwood Investments, to convert the landmark 13-story Hearst Building into a 130-room luxury hotel. The media company alerted tenants at the 120,000-square-foot building of its intention to submit adaptive reuse plans to the city in the coming weeks.

The historic building at Third and Market St.’s served as a home to both the SF Chronicle and Examiner in the past, but is currently 100% occupied by a diverse mix of businesses since becoming a multi-tenant building in the 1960’s. Hearst’s western real estate operations are based in the building.

JMA Ventures says the Spanish Revival style construction, featuring Tennessee Pink marble and a terra cotta façade, and a long and colorful legacy make it an ideal candidate for a hotel conversion.

Read More at San Francisco Chronicle

Connect with JMA Ventures’ Chapman

Connect with Kenwood Investments

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