The Old Hibernia Bank on Valencia Street Could Become a Restaurant, Bookstore, and Event Venue

"Someone bought that former Hibernia Bank and Social Security building at 22nd and Valencia streets for $11 million, and now there's scuttlebutt they hope to turn it into a combination restaurant, bookstore, and upstairs event space. There has been much activity around the long-vacant and unused Hibernia Bank space at Jones and Market Streets, reborn in recent years as an eclectic event space and rave venue."

"Though as they are wont to do, Mission Local did some digging. They found that the new owner is called Alio Management Group, LLC, though there is basically zero public information about this group. But Mission Local also discovered that their attorney has submitted plans to the SF Planning Department to transform the space into a combination restaurant, bookstore, and event venue, with the building's upper floor serving as the event venue component."

A mysterious LLC paid $11 million for the former Hibernia Bank and Social Security building at 22nd and Valencia. The building last served as a Social Security Administration branch office and has a largely underused second floor. The new owner is listed as Alio Management Group, LLC, and public records show almost no information about the entity. Floor plans submitted to the San Francisco Planning Department propose a ground-level restaurant and bookstore with the upper floor converted into an event venue with a stage. The Planning Department has requested additional information and no approvals have been granted; the plans remain proposals.

Read at sfist.com