San Francisco, CA

Dolmen Property Transforms The Hiberia Into San Francisco Hotspot

Published

2 years ago

July 11, 2024

Dolmen Property Transforms The Hiberia Into San Francisco Hotspot

Forget dingy warehouses for deafening DJ-driven parties. The latest hotspot in San Francisco is a regal, 132-year-old bank.

The Hibernia, owned by locally based Dolmen Property Group led by Seamus Naughten, has been offering up its soaring Beaux Arts venue to big-name electronic music artists and club parties at 1 Jones Street, in Mid-Market, the San Francisco Standard reported.

While it still hosts traditional weddings, charity galas and corporate take-overs, the four-story bank is increasingly embracing immersive art, live performances and electronic dance music.

The Hibernia, which completed a $15 million renovation in 2015, hit a slump during the pandemic. But it now reflects Downtown’s change of identity, wanting to be known not just for tech events, but as a venue for art and music.

In the past two years, the bank has hosted dozens of local DJs and performers on its lower level. It also drew thongs to two major shows from electronic musicians Honey Dijon and Bonobo, who performed on the main floor under the Hibernia’s Tiffany stained-glass ceilings.

This year, the marble-walled venue with soaring ceilings will launch an EDM residency that includes 14 performances over six weeks.

Welcome to a luxe taste of old-school San Francisco, with plenty of bathrooms.

“We never thought that we’d be on this path, but the excitement is pretty crazy,” Terry Lim, chief revenue officer at The Hibernia, told the Standard. “Coming off the back of Covid, you have to think outside the box. And now we feel like we’re in the middle of it.”

The 42,000-square-foot Hibernia Bank Building, built in 1892 on a design by Albert Pissis, served as home to the Hibernia Savings and Loan Society until it moved out in 1985.

For a while, it served the San Francisco Police Department. When the cops pulled out, it sat vacant for years, its columns marred by graffiti. Dolmen bought the building in 2008 as a “long-term hold” for $3.9 million.

After a seven-year renovation, the landmark was renamed The Hibernia.

The venue has four floors, each with its own distinct vibe, from its brick-and-metal basement to a penthouse roofdeck strung with fairy lights, according to the Standard.

Guests can rent out one section or the entire building, from as few as about 100 people to 800 throughout the downstairs dance floor, or 2,000 for the entire building.

Ultimately, The Hibernia considers itself as a case study in how the city needs to focus on adaptability as a key to long-term survival.

“We’re in the neighborhood that gets bashed every day of the week and we’re still here and standing,” Lim told the Standard. “We’re bringing 2,000 people to an event in Mid-Market. This place is like an argument against the ‘doom loop.’”

— Dana Bartholomew

Rethinking downtown San Francisco, one alleyway at a time

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Commissioner behind SF’s scrapped “doom loop” tour steps down

Development

San Francisco

San Francisco’s “doom loop” story has impacted real estate market

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San Francisco, CA

1 dead in house fire in San Francisco’s Portola neighborhood

Published

8 hours ago

March 25, 2026

Press Room

1 dead in house fire in San Francisco’s Portola neighborhood

One person was found dead Tuesday night in a house fire in San Francisco’s Portola neighborhood.

The one-alarm fire occurred in the 500 block of Dwight Street and caused major damage to the interior of the home, the Fire Department said.

Firefighters extinguished the fire and remained on the scene checking for hidden fire in the walls and roof.

One person was declared deceased at the scene. The exact manner and cause of the person’s death will be determined by a medical examiner. The cause of the fire remains under investigation.

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San Francisco, CA

Barricaded suspect in standoff with police in San Francisco’s Tenderloin neighborhood

Published

20 hours ago

March 25, 2026

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Barricaded suspect in standoff with police in San Francisco’s Tenderloin neighborhood

Updated on: March 24, 2026 / 6:04 PM PDT
/ CBS San Francisco

A person was barricaded inside a residence in San Francisco’s Tenderloin neighborhood on Tuesday afternoon in a standoff with officers, police said.

The San Francisco Police Department said the situation was happening at the Cadillac Hotel, a historic single-room occupancy building on Eddy Street between Jones and Leavenworth streets. Officers responded to a report of an assault at the hotel at about 2 p.m. and determined that the suspect was barricaded in one of the units, police said.

Crisis negotiators and other specialists also responded and were developing a plan for a peaceful resolution to the standoff, police said. An ambulance and paramedics were also standing by at the hotel.

************AVOID THE AREA****************
Barricaded subject at 380 Eddy. SFPD and SFFD on scene including our TEMS (Tactical Emergency Medical Services). Eddy St. between Leavenworth St. and Jones St. is closed to traffic. #SFFD pic.twitter.com/cQqsqGL3Tx
— SAN FRANCISCO FIRE DEPARTMENT MEDIA (@SFFDPIO) March 24, 2026

Members of the public were asked to avoid the area. The San Francisco Fire Department said Eddy Street between Leavenworth and Jones was closed to traffic.

The Cadillac Hotel was built in 1907 and has been listed as a San Francisco Designated Landmark since 1985, becoming the first nonprofit single-room occupancy hotel west of the Mississippi. For decades, it also housed Newman’s Gym, one of the oldest boxing facilities in the U.S., where boxers such as Muhammad Ali, George Foreman, Sugar Ray Robinson, and Joe Louis trained.

Today, the hotel provides supportive housing for approximately 160 low-income residents.

In 2015, the hotel became the site for The Tenderloin Museum.

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San Francisco, CA

Pain at the pump: One gas station in S. San Francisco near $7 a gallon

Published

1 day ago

March 24, 2026

Press Room

Pain at the pump: One gas station in S. San Francisco near a gallon

SOUTH SAN FRANCISCO, Calif. – You’re not dreaming. Gas prices really are that high.

National average $4 a gallon, California $6

In fact, at the Shell station at 248 S. Airport Boulevard in South San Francisco, regular gas was going for $6.89 a gallon on Tuesday, about four weeks after the United States and Israel started a war in Iran.

Most people didn’t even stop to fill up; instead, drivers seemed to just pass the station by.

Juan Buenrostro did stop, though, and said it costs him about $300 to fill up his truck. He lives in Santa Cruz and had to drive to the Marina in San Francisco.

“It’s been crazy, man,” he said. “I have to work extra hours to make extra income. We’ve been struggling.”

That price is roughly double what the national average is. AAA said the average price of gas was $3.97 a gallon as of Tuesday, and the average price in California was $5.82.

Prices are so high that the state’s petroleum watchdog, the Division of Petroleum Market Oversight, has launched an investigation into possible price gouging, specifically at gas stations charging $7 or $8 a gallon.

A Chevron in downtown Los Angeles was selling gas for $8.71 a gallon this week.

Gas was selling for $8.71 a gallon at a downtown Los Angeles Chevron station. Photo: Fox11. March 23, 2026

Kate Gordon, CEO of California Forward and a former senior adviser to the U.S. Secretary of Energy, said $10 gas is not out of the question under certain conditions.

“Can you imagine a world where we’re paying $10 a gallon? … Yes, I can,” Gordon said.

Gas prices on March 24, 2026. Source: AAA

Last year, prices lower

A year ago, the average price in the United States was $3.13 a gallon, and the average price in California was $4.64 a gallon, according to AAA.

The highest average price for gas in California ever recorded was $6.44 on June 14, 2022, when Russia invaded Ukraine.

War in Iran

Regular gas was selling for $6.89 a gallon at a Shell gas station in S. San Francisco. March 24, 2026

Oil and gas prices have been soaring since the war in Iran began a month ago, and when Iran began retaliating against the United States by choking off the Strait of Hormuz – a critical oil passageway.

Gas prices are likely to remain elevated for some time, even if the war ends soon, because shipping and production have been disrupted and will take time to recover. Economists now expect slower growth this spring and for the year as a whole, as dollars that are spent on gas are less likely to be used for restaurant meals, new clothes, or entertainment.

Lower income households bearing the brunt

Lower and middle-income households are likely to be hit particularly hard, because they receive lower refunds, while spending a greater proportion of their earnings on gas.

Neale Mahoney, director of the Stanford Institute for Economic Policy Research, calculates that gas prices nationwide could peak in May at $4.36 a gallon, based on oil price forecasts by Goldman Sachs, followed by slow declines for the rest of the year. The notion that gas prices decline much more slowly than they rise is so ingrained among economists that they refer to it as the “rocket and feathers” phenomenon.

In that scenario, the average household would pay $740 more in gas this year, nearly equal to the $748 increase in refunds that the Tax Foundation has estimated the average household will receive.

And it’s only worse in California.

The impact will likely worsen the “K-shaped” narrative around the U.S. economy, analysts said, in which higher income households have fared better than lower-income households. The bottom 10% of earners spend nearly 4% of their incomes on gasoline, Pantheon Macroeconomics estimates, while the top 10% spend just 1.5%.

Gas PricesCalifornia

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