Hibernia Bank Building Finally Sold

Word has come down that apparently the old Hibernia Bank Building has been sold for a mere $4 million. This comes as quite a steal compared to the original $10 million asking price just a few months ago. The building had sit empty for about eight years, which was a real shame as every time I take a bus or tram down Market Street I saw the building and would just sigh as it looked worse and worse with drunks and junkies sleeping all over the exterior.
I’ve never been inside, but I believe for those curious, you can catch a glimpse of the interior at the beginning of the Eddie Murphy film, Metro, which was rather boringly titled, “Le Flic de San Francisco” in French. I question as to whether or not that was the interior as when this film was shot in 1997, it was not a bank, but a police office. The exterior is correct at the very least. The building also has the dubious honor of being the bank where Patty Hearst made her reappearance to rob it with the rest of the SLA who had actually kidnapped her previously. The famous Patty Hearst picture that became part of popular culture was from inside this bank building.
Right now, no one really knows much about the person who bought. In keeping with the storied past of that place, we actually knew little about the person who had previously owned it. My guess is that it was the Academy of Art. It seems like their kind of deal: massive price reduction, historic landmark, downtown location, large space without multiple floors, they like to buy up the city. There are many things that point to it not being them though such as the fact they own nothing in the “dangerous” areas of towns because their soft, prince and princess student body can’t actually handle seeing San Francisco, thus their running what appears to be an illegal bus line through the city to connect their buildings. So, it could be them or it could not be. In time we’ll see, but at the very least, I hope the building gets renovated as it’s a sad state to see it in currently, which is at Jones, Mcallister, and Market if you were curious.
Hibernia Bank Building Finally Sold