Waldorf Astoria to Anchor 2 MSF Mixed-Use Complex in San Francisco
SAN FRANCISCO — Waldorf Astoria Hotels & Resorts — Hilton’s (NYSE: HLT) luxury hotel arm — has unveiled plans for the new Waldorf Astoria San Francisco, which will anchor a 2 million-square-foot, mixed-use complex located on Mission Street in San Francisco’s SoMa neighborhood.
The hotel will occupy the first 21 stories of a mixed-use tower designed by architecture firm Foster + Partners. Hirsch Bedner Associates will be in charge of designing the interior.
Amenities at the Waldorf Astoria San Francisco will include a spa and “Peacock Alley” restaurant offering San Francisco-inspired cuisine and libations. Development costs and a completion date for the project have yet to be announced.
The new development will be located at the center of a vast redevelopment project surrounding the Transbay Transit Center. The Transbay Center District and Redevelopment Plans include more than 6 million square feet of new downtown office space; 4,400 units of new housing, 1,200 of which will be affordable; approximately 100,000 square feet of new retail space; and nearly 1,000 new hotel rooms.
The redevelopment of the Transbay area will also incorporate more than 11 acres of new public parks and open space, including a 5.4-acre rooftop park at the Transit Center and refreshed landscaping, lighting, seating and pedestrian amenities throughout.
Waldorf Astoria Hotels & Resorts is a portfolio of 26 properties, including two additional hotels in California: La Quinta Resort in Palm Springs and the future Waldorf Astoria Beverly Hills.
Hilton’s stock price closed on Monday, Aug. 8 at $23.82 per share, down from $26.21 one year ago.
— Katie Sloan