SAN FRANCISCO, Calif. (KRON) – It may be time to reinvent the Regency.
For the first time in 100 years, the legendary San Francisco Regency Ballroom at 1300 Van Ness is on the market for an undisclosed price.
“An icon of San Francisco. Ready for transformation ”is how Business Compass presents the sale.
Built in 1909, the historic concert hall has become a favorite of many San Franciscans, but the hope is that future owners will choose between developing a residential or office space, a private club, or continuing to use the space. as a concert and event venue.
In promotional renderings published by Compass, the visuals show additional condominiums and a rooftop terrace.
“Base building redevelopment may include private and public dining clubs, gymnasiums and sports fields, a swimming pool or permanent offices and entertainment venues *. However, zoning allows construction above the roofline for additional uses, including residential condos and medical offices. The successful design and merging of these new options and redevelopment options will forge a new legacy for the future, ”according to the list.
The original owner of the Regency Center sold this property to the current owners, San Francisco real estate professionals Scott Robertson and brothers David and Lee Banks.
“Initially, Robertson’s plans called for increased office use while maintaining an existing movie theater and dance studio. However, as renovations began, creative new concepts emerged from the public and private events industry, calling for earlier plans to evolve into a much larger design. In just a few years, the Regency Center has been transformed into the West Coast’s largest, largest and most successful private event facility, ”said Steve Pugh, President of Compass Commercial California.
If a sale goes through, it’s unclear how quickly the new plans will go into effect.
The ballroom site still shows concerts planned until June 2022.