| How Now 77 Dow Place | October 12th, 2006 |
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This Sunday I will be holding open a loft near downtown at 77 Dow Place, unit #300. Dow Place is one of the City’s secret corners– an itty-bitty cul-de-sac (with an itty-bitty street sign) running East off 2nd between Folsom and Harrison. Completed in 2002, 77 Dow is a one-of-a-kind high rise loft building also known as “Hawthorne Place” It was designed and built by the same guys that did the Yerba Buena Lofts on Folsom. A lot of people miss learning about 77 Dow Place because they or their Realtors have trouble finding it. The building also competes with a number of mega-condo buildings like The Metropolitan or the new construction at Rincon Towers or The Infinity. By comparison, 77 Dow Place is a small intimate building with just 83 units tucked into 12 stories. I think 77 Dow Place offers a rare combination of cool and class. First off, it’s a pocket alley that’s close to lots of fun and play. South Park is just down the street as is the Ball Park. Second, they’re lofts, which you hardly ever find in a high rise building. Third, the finishings include raw concrete and pale plaster walls which proximate the feeling you get in a warehouse conversion (without the low ceilings and exposed plumbing). But that’s just the beginning. . . 77 Dow Place condos also offer some key opportunities for investors and pied a terre dwellers. Because of their proximity to the Financial District, they can rent quickly for a premium price. You also get a better return on your investment, since the building offers the lowest price per square foot (under $650) for any steel and concrete building South of Market. A 21-story building full of luxury condos is going in right next door to 77 Dow. Once completed, it will renew interest in this corner of the City and more investors will recognize the benefits of the location. The area is also going back on the map with the opening of the Westfield Center just four blocks away. I think this location will enjoy better than average appreciation in the coming years. There are three units available at 77 Dow Place right now. #300 is the lowest price and best value, at $695,000 for just under 1100 square feet. A corner unit with light on two sides, the loft is big enough to divide into a sleeping and den area, and a closet big enough for a clothes horse. So please come by. I’ll be there Sunday afternoon from 2:00 to 4:00 and would love to see you. Even if you don’t come by, I still love your emails and good feed back. So don’t ever be afraid to call or write. As always, there’s no such thing as a stupid real estate question! See you next week! |
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This posting offers an overview of Dow Place, a downtown high rise condo building that is probably off your radar but should go back on it. . .