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January 14, 2016

New Construction Condo Projects Hit The Market

Buyers looking for new construction condos are in luck: A batch of new projects will be releasing units in January and February.

I’m not on the sales teams for these projects, but can represent you independently. This means I can get you started with a loan preapproval and walk you through the contract. I will also review the very thick new home package/disclosures with you; and work with the sales team to make sure things go smoothly for your move-in (among other things).

So check out what’s on tap, and give me a shout if you’d like to explore your options within any of these projects:

2655 Bush / The District
Neighborhood: Lower Pacific Heights
The Homes: 81 one- and two-bedroom condos in the $1200/sq foot range. HOA fees range from $650-$850/month, depending on the size of the unit. Parking for all units. 3,800 square feet of retail.
The Perks: Fitness center, full-time front desk, greenhouse, roof deck, residents’ lounge
Buy If: You’d like to be near the restaurants, cafes and bus lines along Divisadero and Fillmore, as well proximity to NoPa and Laurel Village. You’ll also have quick access to medical care; 2655 Bush is in the midst of UCSF and Kaiser campuses.
Who’s Behind It: KTGY Group, KB Homes
Sales Begin: Sales office has just released the first twelve units, including eight 1BRs and four 2BRs.

388 Fulton
Neighborhood: Hayes Valley
The Homes: 69 small-scale studio, one- and two-bedroom condos with no parking and lots of retail space spanning six stories
The Perks: Landscaped courtyard, rooftop deck with outdoor grill and seating pods; bike storage
Buy If: You’re looking for a new-construction home in a slightly more affordable price range that’s located in a walkable neighborhood—and you’re ok getting around by bike, Uber or Muni buses
Who’s Behind It: David Baker, 7×7 Development
Sales Begin: January 2016

450 Hayes
Neighborhood: Hayes Valley
The Homes: 36 condos with a variety of floor plans. Prices will likely be in the $1250/sq foot range. No parking for most of the 1BRs, starting in the low $800,000s. Seven 1BRs will have alcoves and parking. 2BR/2BA with parking in the $1,050,000-$1.5M range.
The Perks: Rooftop lounge with barbeque and city views; courtyard with birch trees and ferns; smartphone-enabled remote doorman service.
Buy If: You want a smartly appointed home near San Francisco’s cultural district, Hayes Valley’s retail area and public transportation
Who’s Behind It: Handel Architects, DDG and DM Development
Sales Begin: January 2016

1450 Franklin/1581 Bush
Neighborhood: Lower Pacific Heights
The Homes: A Vespa dealership has given way to a 13-story condo development. 67 units including studios, one bedrooms (700-1200 sq ft); two bedrooms (1100-1600 sq ft); three-bedrooms (2,000 sq ft) across 13 stories with parking. Ground floor retail.
The Perks: Rooftop deck with city views, open-air entertaining kitchen; outdoor fireside gathering area; attended lobby; in-unit air conditioning; bike parking and storage
Buy If: You’d like to live near Fillmore, Polk and Hayes
Who’s Behind It: BDE Architecture, Village Properties
Sales Begin: Early 2016

2121 Webster / The Pacific
Neighborhood: Pacific Heights
The Homes: Ultra-luxury condos in a converted dental school are the talk of the swell set as buyers jostle to nab one of the 76 residences. Ten one bedrooms, 23 two bedrooms, 27 three bedrooms, two four bedrooms. Four penthouses and ten three-bedroom townhouses. First release will include the Row House Collection—ten adjacent three- and four-story residences. (They’ll be releasing the 66 flats, townhomes and penthouses in the Spring.)
The Perks: 95 parking spaces, fitness center, yoga garden, lounge, guest suite.
Buy If: You place a high value on living in a new-construction building in Pacific Heights, because there aren’t many that come up.
Who’s Behind It: Handel Architects, Trumark Urban
Sales Begin: Townhomes started selling in late 2015. Main building sales will begin in early 2016.

401 Harrison / The Harrison
Neighborhood: Rincon Hill
The Homes: Was previously the north tower at One Rincon, but has been reinvented as 298 residences within 48 stories, designed by Ken Fulk.
The Perks: Designed by Ken Fulk, specialized concierge service (they probably have uniforms). Sky lounge, door attendance, fitness center, conference room, pool, outdoor terraces.
Buy If: You want to live in a luxury high rise with views
Who’s Behind It: Maximus Real Estate Partners
Sales Begin: Early 2016

Please contact me if you’d like to schedule a tour of any of these developments. The earlier you get in, the better choices you have of floor plans and locations within the properties.

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