| Updates on Some New Home Developments in San Francisco | November 12th, 2008 |
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Fillmore Heritage - 1300 Fillmore Street. 92 units with Yoshis and the noted soul food restaurant, ‘1300 Fillmore’ downstairs . They’ve been trying to sell their last 6 units for quite awhile and have recently significantly dropped prices. There are 2-1brs and 4-2brs left. Symphony Towers - 724 Van Ness. Symphony Towers is two towers with 130 units total on Van Ness near Turk. They are anxious to sell out Tower I and move on to Tower II and are doing huge price reductions in both Towers right now. Finishings are medium grade and many of the units have pleasant outlooks to City Hall, and down Van Ness. I call Symphony Towers the “Crazy Eddie” building these days because of their price-slashing. The sales staff even talked about having something like a clown smashing a foam rubber dollar sign out in front to demonstrate how low they will go. As it stands, they’ve got an ad campaign and signs in the windows that make it look like a Montgomery Wards going out of business. Please call if you want more detailed information about their prices, but it would be reasonable to say that some of the units could sell 30% below their original list prices. Citrino - 566 South Van Ness. This 32 unit boutique building started selling last year. It’s in a somewhat challenging location but the building is sweet with small well laid-out units that have good light. They are also anxious to sell their last 9 homes and have reduced by about 10% off their original list prices. Simply Blu Condominiums - 631 Folsom. This high quality condo tower has 114 units and is in a coveted location on Folsom near 2nd. Finishes are upscale and square footage is good, with only 4U per floor. The trick here is to pay attention to which stack you look at. One side of the building faces the AT&T building and has no outlooks to speak of. The other side is great, and the units are priced accordingly. The Hayes - 58 Page Street. The Hayes is also reducing prices as they move beyond the magic 70% sold mark. This is a 128 unit low-rise building at Page and Gough. High-ish end finishings with espresso colored cabinetry, granite countertops and nice, big baths. People love the location because it’s so close to the Civic Center and the Hayes Street shops. 1521 Sutter is a 28 unit building near Octavia Street. It’s narrow and tall on a standard size lot. There are a combination of 1br and 2br units here. Feng shui inspired floor plans, high ceilings, bosch appliances, gas stoves. All units come with hardwood floors. Right now they have twelve units left, which they have been trying to sell for some time. There have been no price reductions, but the sales agent indicates that they are ‘open to offers.’ The Artani - The Artani is at 818 Van Ness. Cross street is Eddy. 52 units total, all 1br, 1br+den and 2br. People rave about the Artani because of the exterior architecture and the finishings inside. They also have a knockout roof deck and will have a concierge on site. Prices here are also very (very!) negotiable. Leave a Reply |
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What follows is an update on sales activity and pricing at a handful of new homes projects. I also have updates on: The Lambourne, The Greenwich, Mission Bay Radiance, 888 7th, the Arterra, 170 off Third, Soma Grand, the Millenium Tower, The Infinity (2nd tower coming soon), One Rincon, Homes on Esprit Park, Chelsea Park, Cubix, 829 Folsom, The Montgomery and One Ecker Place. Please call 415-577-0809 if you would like more information.