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San Francisco's landmark old Federal Reserve office building would become a luxury hotel and condominium complex under plans now being considered by its owner, according to real estate sources with knowledge of the talks.
As the plan now stands, landlord Boston Properties is expected to tap Singapore-based luxury lodging chain Raffles Hotels & Resorts to operate the hotel portion of the property, located at 301 Battery St. That would comprise 80 suites, sources said. Meanwhile, Boston would tap a local developer to entitle the project as a whole and guide the conversion.
Boston Properties refused comment. Raffles could not be reached for comment.
The building, which sits at the west end of Boston's Embarcadero Center, has 150,000 square feet of office space. It was occupied by law firm Orrick Herrington & Sutcliffe LLP until July, when Orrick moved into the top five floors at Equity Office Properties' Foundry Square II, south...