Hotel
(click photo for project details)
(click photo for project details)
WDG Ventures was a joint venture development partner with Millennium Partners in the development of the Four Season Hotel and Residences, a luxury housing, hotel and retail
complex in San Francisco.
Located at the convergence of the city's historic downtown and Yerba Buena Gardens, the Four Seasons Hotel and Residences is a 750,000 square foot mixed-use complex of luxury
housing, hotel accommodations, and retail shops. This 750,000 sq.ft. project introduced to Yerba Buena Center the fusion of luxurious high-rise condominium living with exceptional
views, the prestige of a five-star hotel, the amenities of a world-class fitness and spa facility and high-quality flagship retail establishments.
The project includes a landscaped pedestrian passageway of retail shops, restaurants and outdoor seating, known as Yerba Buena Lane extends from the Market Street Tower to the foot
of the Yerba Buena Gardens Esplanade on Mission Street. At the center of the hottest growth area, the Market Street Tower is an exciting response to San Francisco's increasing demands
for new housing, additional hotel rooms and retail shopping options.
The Tower is composed of the following components: five sub-grade levels of parking; three levels of retail space totaling 85,000 square feet, 100,000 square feet of high-end fitness and
spa facilities (Sports Club LA/San Francisco); a 285,000 square foot five-star hotel containing 240 rooms; approximately 320,000 square feet of luxury residential condominiums comprising
140 units.
The project opened for business in October 2001. The condominium residences have enjoyed an unprecedented reception in the residential market, with the substantial number of units sold
before project completion at an average sales price of $1,100 per sq. ft..
Stanbery Development, a retail developer based in Ohio optioned land in Scotts Valley California to develop a multi-tenant shopping center, which according to local
government regulations was to include a residential component. In 2008 the developers brought in Portfolio Real Estate Consulting to assist in conceptualizing the residential
strategy, including site planning, entitlements to use and the affordable housing component mandated by the County.