Tourism in SF is still booming, and one developer is hoping to jump in. 250 Fourth Street Development, LLC is proposing to demo the Olivet Theological University and construct a new 220-room 11-story tourist hotel with 4,265 sq.ft. of restaurant/bar/retail space at Fourth and Clementia streets. The only voiced concerns came from the Yerba Buena Consortium (a tenants and owners group) who asked for approval conditions like privacy louvers on rooms that face the Ceatrice Polite building, no amplified sound within the ground floor public open space, a vegetated/beautified wall facing the adjacent Clementina Towers and Wolff House, etc. The project sponsor basically agreed to all their requests, so it should be smooth sailing. Designed by Axis Architecture, the project also has support of the Hotel and Restaurant Employees Union, which as we know can be the deciding factor in a project seeing the light of day. No word yet on who the hotel operator would be.
· Conditional Use Application - 250 4th Street [SF Planning]
· Fairmont Hotel Sold For $200,000,000 [Curbed SF]