San Francisco, CA
Carpenter & Company is the developer of St. Regis Hotel and Residences, a mixed-use project at the corner of Third and Mission Streets in San Francisco. The St. Regis, which opened in 2005, is adjacent to the San Francisco Museum of Modern Art and across the street from the Moscone Convention Center.
The St. Regis project consists of a 550,000 square-foot, 42-story tower containing a 270-guestroom, five-star St. Regis Hotel and 102 residential condominium units. The project also includes meeting rooms, restaurants, a spa, a health club, and the 20,000 square-foot museum.
A portion of the St. Regis site is occupied by the historic Williams Building, which was built in 1907. The Williams Building had been vacant and unusable since suffering extensive structural damage in the Loma Prieta Earthquake in 1989. Carpenter, working closely with its architects, engineers and historic consultants, devised a plan to save the historic building and preserve its architectural integrity, while integrating the building effectively into the larger project. The Carpenter plan has won resounding praise from San Francisco’s active historic preservation community.
Carpenter was selected as the developer of the St. Regis site by the San Francisco Redevelopment Agency. Nine teams, including the team led by Carpenter, submitted proposals for the site. Among the respondents were Raddison, Wyndham, Penninsula, Promus and Tishman International. Based on an independent review of the proposals prepared by KPMG Peat Marwick (which recommended Carpenter), Carpenter was designated as developer of the site.
- Development of the Year, The Americas Lodging Investment Summit