This new Trader Vic's location opened in November 2004, marking the return of Trader Vic's to San Francisco proper. Until the early '90s, Trader Vic's had a location in San Francisco at Cosmo Alley. This new location had most recently held the famous Stars restaurant. Renovations were rumored to be budgeted at $3.5 million dollars.

The restaurant had several dining rooms, many suitable for private parties. The main dining room and bar area were large and open, with many Papua New Guinea masks and very large carved tikis. There was a bit of a rough start as the restaurant first opened, but after a series of improved bartender hirings, the drink quality improved.

The restaurant never quite found its footing, and closed in December 2007, after just three years in operation.