NBA basketball franchise the Golden State Warriors is planning to add a hotel and condominiums on the site of its new arena in San Francisco’s Mission Bay, with the team envisioning the venture as means to drive further revenue and potentially help to address the problem of increased traffic on game days.
Chase Center is due to open ahead of the 2019-20 NBA season and will replace Oracle Arena as the Warriors’ home facility. The 18,000-seat arena will anchor an 11-acre mixed-use complex that will also include 100,000 square feet of retail and restaurant space, and 580,000 square feet of office space to be utilised by Uber.
The San Francisco Chronicle newspaper said the hotel will be branded as a 1 Hotel, operated by SH Hotels & Resorts, an affiliate of Starwood Capital Group. The 142-room hotel will be located at the northeast corner of the arena site, along with up to 25 upper-floor condos.
The hotel will need to be signed off by the city’s Office of Community Investment and Infrastructure, which oversees new Mission Bay projects, as well as gain other city approvals. If these are secured, the Warriors hope to start construction by mid-2021 and open in 2023.
Warriors president Rick Welts said the project would satisfy a need for housing in the local area, while a hotel would cater to visitors to the UCSF Medical Center at Mission Bay, as well as fans attending NBA games and other events.
Welts said that with no taxpayer subsidies, office and retail developments are needed to ensure Chase Center, which comes with a price tag of more than $1.5bn (£1.16bn/€1.33bn), is financially viable. “If you look at all the new arena and stadium projects across the country, this is a formula that makes it possible,” he told the Chronicle.
“The goal is to activate use of the site every day of the year. Three-quarters of the events that take place there will not be Warriors events.”
Image: Chase Center
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