San Francisco's lagging hotel development pipeline got a boost this week with news that Strata Investment Group is planning to move forward with the sale of a 250-room boutique hotel site in the Mission Bay neighborhood. Originally zoned for 500 rooms, the developer successfully lobbied to have Third and Channel street's Block 1, adjacent to the Lefty O'Doul Bridge, rezoned to include up to 350 residential units, while reducing the number of hotel rooms. Strata explains that "the old zoning was unworkable because a 500 room hotel proved to be financially infeasible." The residential end of the project is being designed by Arquitectonica (who seem to be everywhere right now), while Strata will sell the hotel portion of the site to a hospitality developer in the next couple of months. The 2.73 acre site will also feature up to 25,000 sq. ft. of retail space for the burgeoning neighborhood, most of which will be located along Third Street.
·Vote clears way for Strada's Mission Bay hotel, condos [San Francisco Business Times]
·Arquitectonica coverage [Curbed SF]
·Mapping the Latest Hotel Developments in San Francisco [Curbed SF]