| The Infinity Holds Appeal for Pied-a-Terre Buyers | March 26th, 2008 |
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The Infinity’s location is awesome– there’sa wide-open feeling to the neighborhood with its broad streets and you can always sense the Bay nearby. The Ferry Building is steps away along with sworld-class restaurants like Boulevard and Slanted Door. Buyers at The Infinity are equally drawn in by the luxury amenities: its own first-class restaurant, concierge services, an attended lobby, and a private screening room, club lounge, and one of the largest private fitness centers in all of San Francisco including a pool, sauna and treatment room. I predict that the Infinity will enjoy the same sort of “cult status” The Brannan has. Everyone who has made a reservation on a unit there feels very lucky– especially those who got in on the first phase, when they were first taking reservations. Prices have gone up since then, and these initial buyers are enjoying appreciation without the onus of ownership, since they haven’t closed escrow and begun incurring carrying costs. The Infinity also seems immune to the downturn of the market. You don’t hear about incentives being offered there. And its popularity with off-shore investors and pied-a-terre buyers offers a built-in cadre of consumers who are unaffected by our economic downturn. Like the St. Regis and The Millenium, this is a building that (I think) is a safe bet for solid appreciation in the coming years. |
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The inventory left at The Infinity offers little in the way of view units, but this is still a great building to buy in– and the price points are great for second-home buyers.| The Hayes Condominiums Now Has Models Open | March 26th, 2008 |
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I’ve jested a bit before about how the Hayes marketing materials boast finishings from all over Europe (Italian tile, German cabinetry, etc. etc.)– and I’ve gotten mixed reviews from those who’ve seen the units now that they’re pretty much built-out, along common areas. Some have found it a bit disappointing. Others are rather pleased. I guess it all depends on your point of view. And how in love with the neighborhood you are. |
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The Hayes FINALLY has model units to show prospective buyers. They’ve told agents that we’ll be getting a sneak peek on Tuesday, but I’ll bet you good money that you can see them sooner than that this weekend.| 733 Front Will Feed You And Then Clean Up Your Mess | February 10th, 2008 |
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Now, they’re offering maid service and free gourmet meals for a year if you buy there. Free. I think this may be inspired by (or a response to?) the SOMA Grand, which has been offering the maid perk since they first opened over a year ago. Here are the deal’s details: The house cleaning is twice a month. The gourmet meals are delivered to your door by Cook-SF, which delivers organic, local and sustainable food (very appropriate, since the nearby Ferry Building is mecca to sustainable- and slow-food types) Last I checked, prices for one-bedrooms started in the mid-500K range. Pay the price and they’ll clean you up, feed you and put a roof over your head. |
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733 Front has been having a heckuva time selling their last few units– probably because nearly all of them come without parking. For awhile they were throwing a free Vespa scooter in with every purchase.| Financing Incentives Offered at The Hayes | January 25th, 2008 |
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With rates dropping, you could conceivably get into one of these homes with a mortgage payment running under 5%.
The project touts international finishings, with Italian tile, German cabinetry, and French fixtures. The buildings shape allows for more corner-oriented floor plans (i.e. more light) bay windows and private balconies. The central location is excellent. If you want to be steps to a cool commercial district, check out Hayes Street between Franklin and Laguna. If an easy commute to the Peninsula or East Bay is important, Octavia Boulevard will whip you onto the freeway in a heartbeat. Please call 415-577-0809 to arrange a preview – I can also fill you in on how a loan buy-down works and tell you other ways to take advantage of The Hayes’ sale incentives– |
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The Hayes, a new condo development at the corner of Page and Octavia is offering four months free mortgage payments, along with a buy-down to get your interest rate lowered by a full point.| 6 Months Free Mortgage At The Potrero | January 18th, 2008 |
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The four best things about the new homes at The Potrero: 1. It’s right near a great neighborhood district– two blocks up on 18th Street 2. It’s got a Whole Foods Market right downstairs (I swear that for many buyers this is the biggest draw.) 3. It’s a great commuter location– for those who need to scoot down to the Peninsula or Silicon Valley 4. Comparable to other new homes projects, it’s got a great price per square foot. My last deal at The Potrero was $805/square foot for a 2-br, compared with $825+/square foot for The Hayes or Esprit Park. Select residences offer private balconies and stunning views of San Francisco’s downtown skyline. These kinds of purchases are also great for investors and 1031 exchange buyers. Call me at 415-577-0809 and I’ll help you pencil it out. |
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The Potrero is offering no mortgage payments for 6 months until March 31, 2008. You need to close escrow by April 30.| New Construction Update– The Ritz Carlton Residences | December 4th, 2007 |
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The Ritz Carlton offers two different kinds of homeownership. The lower floors are ‘club residences’ which are sold as fractional interests. I covered this kind of home ownership in a “Buzz” of some time ago when the Ritz Carlton residences were first selling. The full-time residences begin on the 14th floor, with five residences sharing each floor. Sizes run from a 1,050 square foot 1BR/1.5BA listed for $1,424,000, to a 2,580 square foot 3BR/3BA listed for $3,449,000. There are also a number of 2BR residences listed in the $2M range. . On the top floor are four penthouse town homes, which were sold as raw space for the new owners to finish off themselves. Their prices ran from $2.9M to $5.7M and went up to 3600 square feet. Each Ritz Carlton residence is an urban aerie surrounded by turn-of-the-century skyscrapers. While each home is brand new, small period details like crown moldings and baseboard trim reflect the neighborhood’s turn-of-the-century ambience. Unusual amenities at the Ritz Carlton include wine storage, executive board room, valet parking and personal concierge. There’s also a dramatic Residents’ Lounge on the 11th floor with old world elements like tall deep windows, wood paneling and more lavish crown moldings. For a complete list of available residences, please call and I will fill you in on the details. |
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There are still a handful of private ownership opportunities left at the Ritz Carlton Residences. Located in the historic Chronicle building at the corner of Market and Kearny, these spacious homes in the Union Square shopping district evoke old style San Francisco with luxury amenities and services.| New Construction Update– The Arterra | November 30th, 2007 |
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With 16 floors, the Arterra boasts 269 homes and is the City’s first LEED-certified green building. That mean’s it’s really really ‘green’– I recall it’s even got a giant lawn on the roof to offset carbon dioxide. Some of the environmentally correct bells and whistles include Trespa exterior cladding, made with end-of-lifecycle material that offers color and texture. Trespa also serves as part of a rain screen system that improves interior air quality. You can grab a view of The Arterra when you sweep on and off the 280 freeway at King Street. It’s location obviously perfect for freeway access, and over the next few years the area is going to become a dynamic walking district full of shops and restaurants. They’ve also got some sweet deals on financing that makes living there quite affordable. Move-ins are scheduled for mid-2008. Please call me for more information on the loan buy-down. I can also fill you in with more details on what’s available, which way it faces and what the square footages are at different price points. |
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When Arterra was just a hole in the ground at the end of Berry street, it was still hard to picture how Mission Bay would evolve into San Francisco’s newest neighborhood. Now, with the building nearing completion, it’s easier to see how The Arterra will fit into the landscape.| New Construction Update - The Hayes | November 30th, 2007 |
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Hayes Valley around Hayes and Gough is a fresh, energetic commercial district with great restaurants, small couture shops and unique galleries. It’s also a great district for the culture junkies with the Symphony, Ballet and Opera are all within walking distance. The Hayes will add a new dimension to the neighborhood, with fairly upscale amenities and an additional 128 households. Services and features at The Hayes include an attended lobby, state-of-the-art fitness center and roof deck with great city views. The Hayes marketing team is proud to boast of an assortment of European finishings inside the units– Italian tile, German cabinetry, and French fixtures. The footprint of the building offers multiple corners so many of the floor plans have windows on two sides and private balconies. |
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The Hayes condominiums, located at Page and Octavia is expecting owner move-ins in early 2008. Since The Hayes began taking reservations over two years ago, we all feel like it’s an option that’s been around forever– and I think some of us are overlooking the values available here.| Unlocking Investment Opportunities In New Homes | November 19th, 2007 |
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There are some sweet benefits to owning and renting a condo in a larger development. When I owned one at The Brannan it was divine to simply call the staff whenever my tenant had a problem. I also enjoyed tremendous pride of ownership and never had to worry about general maintenance issues like a leaky roof or broken window. Many New Homes projects are offering substantial discounts below the advertised prices. My last two deals have been new construction, and I’m delighted with the values my buyers are getting. At Paragon we are continually swapping information about the deals we’re getting in different projects. Please call if you would like more details. |
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With the rental market so healthy, we’re seeing a number of investors making some shrewd buys. One of their vehicles of choice is the condominium, especially the brand new ones in projects with developers eager to strike a deal.| Fabulous Financing at The Hayes condominiums in the Heart of the Civic Center | September 14th, 2007 |
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There is some fine print in the offer. You have to work their approved lender (at Triton Funding) and must have a credit score of 720 or above The Hayes sales office is off-site and they still don’t have models set up in the building yet. Actually the whole thing is literally “under wraps” and swathed in black scaffolding that makes it look a bit like a Christo scultpure. Stats on the Hayes:128 Units- combination of studios, one-bedrooms and two-bedrooms. Nota Bene: While the building is called “The Hayes” the address is actually 50 Page Street– three blocks to the South. Here’s pitch I got in my email box about the financing deal The Hayes is approaching the final stages of construction and homes are currently selling. Located on Page Street in the heart of Hayes Valley, the anticipated new community offers many of the most sought-after urban amenities, including an attended lobby, a state-of-the-art fitness center and a roof deck with great city views. Individual homes are outfitted with exceptional detail, including Italian tile, German cabinetry, and French fixtures. The Hayes’ instinctive design allows for more corner-oriented floor plans with expansive bay windows and private balconies that connect you with the energy of the neighborhood. Take advantage of our limited-time special financing offer today - visit our sales office and find out how you can obtain an interest rate of 5.500% on a 5 year-fixed interest-only loan.* Now’s the time to make The Hayes your home and to be part of one of San Francisco’s most unique neighborhoods. About The Hayes |
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The developers at The Hayes condos are offering a deal on financing at 5.5% fixed for five years. This would make the financing cost on an $800,000 purchase (with 20%) down $3,340/month. And it’s all interest only, so each month you save $1,100 on your income taxes.
