JMA Ventures and Hearst Corp. Plan Conversion of San Francisco’s Historic Hearst Building to Hotel

April 24, 2019

April 25-- Apr. 25--Plans to convert the historic Hearst Building into a hotel in downtown San Francisco won approval Thursday from the city's Planning Commission. Developer JMA Ventures and property owner Hearst Corp. want to convert offices in the 1909 building at 5 Third St. into 170 hotel rooms. The project would add a new rooftop bar, event spaces and seismic upgrades, while preserving the lobby designed by architect Julia Morgan. The project requires final approval from the Board of Supervisors. The developer is working with existing retail tenants to either honor leases or find alternatives, Todd Chapman, president of JMA Ven...