1055 Market Street San Francisco Development

Listing Agents

Scott Griemsmann
T: 415.419.5765
sgriemsmann@paramountlodging.com
DRE #01336236

Subu Thiagarajan
T: 510.205.7931
subu@paramountlodging.com
DRE #01891134

Detailed Information
Property Highlights
  • STRATEGIC MID-MARKET LOCATION, in the heart of over $1 billion in commercial development over the past five years, with access to all major demand generators
  • FULLY APPROVED 157-ROOM HOTEL DEVELOPMENT,  the project is entitled for a 10-story hotel on a ~0.2 acre site with ground floor retail space, a rooftop garden and basement
  • HIGH BARRIERS-TO-ENTRY MARKET, the burdensome and lengthy permit process for all development projects creates significant barriers to entry in the city. San Francisco has opened less than 1,500 hotel rooms since 2008
  • GATEWAY MARKET, San Francisco, as well as Silicon Valley, is an internationally recognized market for Hi-Tech and Leisure travel. The Bay Area is one the strongest lodging market’s in the United States, leading the nation in ADR growth the past decade
  • MOSCONE CONVENTION CENTER, just over 2 blocks from the subject property, the Moscone Center is the largest convention center in San Francisco. The facility completed a four-year, $551 million expansion and renovation, completed in January 2019
  • Proximate to significant core demand generators including Salesforce HQ, Uber HQ, Airbnb HQ, Old Navy HQ, Plaid HQ, Tonal HQ, Twitter HQ, Nextdoor HQ, Square HQ, Yelp HQ, Accenture, Deloitte, Kaiser Permanente, UCSF Medical Center and California Pacific Medical Center
  • Accessible to all regional demand including Golden Gate Bridge, Alcatraz Island, Haight-Ashbury, Pier 39, Oracle Park, Chase Arena, Ferry Building, Union Square, Cable Cars, University of San Francisco, San Francisco State University, Academy of Art University and Golden Gate University