A new project coming up for a approval by the Planning Commission this week would bring a new, eleven-story hotel to the corner of Fourth and Clementina, across the street from the ‘Zeum at Yerba Buena Gardens. In the base of the building is a proposed 4,265-square-foot restaurant space with an adjacent 32-seat patio. The property is currently occupied by a three-story office building owned by Olivet University, and the proposed hotel, from owner Jay Singh, would “a mid-range hotel … [that] would be locally owned, but affiliated with an international hotel chain.” Obviously, this project is quite a ways out, probably 2015 at the earliest. The news follows on the recent announcement of an upgrade happening a couple of blocks away at the renamed Hotel Zetta, on Fifth, which is soon to get a new restaurant called The Cavalier from the Marlowe/Park Tavern team, not to mention a makeover still in the works at the Renoir Hotel, at the hands of Brad Korzen of L.A.’s Viceroy Hotel Group. So yes, it’s a good time for the hotel market in S.F. right now. [Grub Street]