The port of San Francisco and Historic Pier 70 LLC have signed a sublease tenancy agreement with Restoration Hardware. The RH Gallery at the Historic Bethlehem Steel Building will take a prominent place at Illinois and 20th Streets at Pier 70 on San Francisco’s waterfront.
The deal is part of a redevelopment process, as the port has partnered with Historic Pier 70 LLC to rehabilitate the core of Pier 70, eight buildings dating from 1885 that once served as the West Coast headquarters for Union Ironworks and later, Bethlehem Steel.
“Historic Pier 70 LLC’s rehabilitation of the historic core buildings at Pier 70 is the first step in the port’s vision for reconnecting the Dogpatch neighborhood with the waterfront,” said Byron Rhett, port director of planning and development. “It is extremely rewarding to now see construction underway and to celebrate the signing of the first project sublease to Restoration Hardware for the iconic Bethlehem Steel Building 101. The port looks forward to the reactivation of Building 101 and heartily welcomes Restoration Hardware to the Dogpatch waterfront.”
Currently slated to open in 2017, RH San Francisco, The Gallery, will span five floors and nearly 60,000 total square feet, and showcase the retailer’s luxury home furnishings in a gallery setting, including a significant presentation of the brand’s latest business concept, RH Modern.
“With great admiration and respect for its architectural heritage, we could not be more honored to reestablish this historic landmark’s relevance,” said RH chairman and CEO, Gary Friedman. “This is a rare opportunity to help render the whole neighborhood more valuable, reenergizing our surroundings and creating a lasting gift to our hometown.”