Dolmen Property Group Responds to Market Interest for Dramatic Newly Authentic Space
SAN FRANCISCO (June 28, 2016) – Dolmen Property Group, a San Francisco-based real estate developer, recently completed renovations at The Hibernia Bank, a nationally recognized historical landmark and one of the City’s most celebrated architectural gems, is leasing the property to both office and retail tenants, as well as club or event space.
“The Hibernia Bank, situated in San Francisco’s fastest growing commercial district of Mid-Market just two blocks from Bloomingdales, is steadily increasing in demand by ‘newly authentic’ bars, restaurants, clubs and other event venues,” said Seamus Naughten, of Dolmen Property Group. “The main floor is illuminated with two dramatic stained glass skylights – a competitor to the Neiman Marcus Rotunda ceiling and the Palace Hotel — and complemented by full height windows soaring to 40 feet.”
Originally designed in 1892 by the innovative architect Albert Pissis, The Hibernia Bank is known for its exquisite architecture and rich history. Situated at the intersection of Jones, McAllister and Market Streets, The Hibernia Bank occupies 40,600 square feet in the middle of the Mid-Market tech hub that is home to tech leaders including Twitter, Uber, and Square. The renovation included a total seismic overhaul and preservation of the historic attributes of the building. The marble floors, lighting – both abundant natural and emitted form historic chandeliers and wall sconces – original vaults and other bank spaces cannot be found in any other downtown San Francisco property.
“This extraordinary building is unique in its breadth of flexibility, merging its original grandeur with modern, dynamic touches over a historic preciousness which makes it ideal for a retail or restaurant tenant,” added John Jensen, senior vice President at Colliers and lead leasing agent for the property. “It’s truly a one-of-a-kind opportunity.”
Most recently the property hosted a rally for Democratic Presidential candidate Hillary Clinton, entertaining over 1,000 supporters and staff. The property can accommodate office, retail, event, restaurant or other creative space over three floors, plus mezzanine and penthouse areas.
Listed as San Francisco Historic Landmark #130, The Hibernia Bank is one of the few structures that continue to serve as a visible anchor for the City’s storied Mid-Market neighborhood. The building, with its unique Neoclassical Revival-style, grand corner entrance, giant exterior colonnade and famed domed entryway, was one of the few buildings in the area to survive the 1906 Earthquake and Fire.
The building, abandoned and vacant for 30 years --except when the San Francisco Police Department (SFPD) occupied the basement of the building from 1991-2000 – was acquired by Dolmen in 2008. The lore of The Hibernia Bank includes its founding in 1859 as The Hibernia Savings and Loan Society, then acquired by Security Pacific in 1988 and subsequently acquired by Bank of America in 1992. In 1974, a branch of this bank was robbed by the Symbionese Liberation Army and Patty Hearst.
About Dolmen Property Group
Founded in 2008, Dolmen Property Group, San Francisco-based real estate developer and equity partner that reimagines challenging properties. Specializing in complex, high-potential properties situated in urban neighborhoods, Dolmen preserves existing structures that are economical and transforms them into beautiful, functional real estate. Dolmen’s diverse development team continuously seek new projects or partners from single family homes to larger projects. For more information, please visit www.dolmenpropertygroup.com