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The Radiant and Radiating Radiance– July 11th, 2008

Radiance At Mission Bay Model (www.SocketSite.com)The Radiance at Mission Bay is celebrating a “Grand Opening” this week, even though their sales office has been open for over a year on King Street, and they’ve had model homes to show since April. 

The Radiance is a bit of a pioneer in the Mission Bay neighborhood. Mission Bay is already one of those “build it and they will come” locations, where a total of 6000+ unit is slated for development in the next 5-10 years.  About a third of those units are finished or near completion in and around the Berry and King Street.

The most established part of the neighborhood is King Street, where the Beacon Condominiums house a Safeway, a Starbucks and a Barnes and Noble.  The 170 off Third condos are nearby, running from Townsend through to King Street. Berry Street is also starting to pull itself together with a number of larger condominium and apartment buildings at or near completion.

The Radiance distinguishes itself by being in a slightly more remote location south of Mission Creek on Mission Bay Boulevard. Until  now the only memorable landmarks in this neck of the woods have been The Mission Rock Cafe and Jelly’s Dance Club. The Radiance will change that with 417 units split among two 16-story towers and two nine-story mid-rise buildings.

The Radiance touts itself as ‘family friendly’ with unusually large units that include  3-bedroom town homes which run as large as 1,990 square feet.  Prices  run from $649,000 to $2,349,000. Some units will have nice views back towards the city, encompassing the length of the skyline and Bay Bridge.

Rumor has it that prices may be softening at The Radiance. They took a mess of reservations back when they opened and every one wanted into the San Francisco real estate market, but many of those buyers have disappeared and my impression is that they’ve got lots of inventory to work with. 

7/14/08 update - The MLS has just posted two Radiance units:  #416, a 2br/2ba with 1802 square feet listed for $1,521,000; and #112, a 2br/3ba with 1844 square feet, listed for $1,799,600.

San Francisco’s Redevelopment Agency’s website offers a more comprehensive overview of plans for the Mission Bay neighborhood.

/King Street Corridor but the Radiance is the first one located across the Lefty O’Doul Bridge.

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