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March 21, 2011

Checking In At One Hawthorne


I’m on the board of the SF Young Professionals Network, a Realtors-only group that operates under the California and San Francisco Realtor Associations. We had a networking event at One Hawthorne last week, and I also had a chance to check out the remaining inventory in the building.

The 165-condo, 25-story property is about 30% sold out. Here’s a breakdown of what’s available:

Jr 1BRs: start at $469,000; HOA average is $515 (no parking available for these units). Square footage approx 487-794.

1BRs+den: start at $589,000; HOA average $540. Square footage approx 809-952. (I believe the 1BRs that are eligible for a parking space start at $659,000.)

2BRs + den: start in the high $800,000s; HOA average $630. Square footage approx 1241-1556.

There are also eight two- and three-bedroom penthouses (1560-1995 sq feet) that are located on the 24th and 25th floors.

There is a separate parking charge (valet parking only) of $273.51 for those units that are eligible for parking (mainly the 2BRs). So the target demographic for One Hawthorne is more of the downtown worker. Or, you can just arrange for a parking space.

So now that we have the basics out of the way, I’ll move on to the background. The first release at One Hawthorne was up to the seventh floor; they’re about 85% sold out of those homes. The second release took place a couple weeks ago that has provided inventory up to the 16th floor. Units above this floor have not yet been released. So most of the remaining units are above the 16th floor.

My most recent tour kicked off with the all-important roof deck:

There’s quite a view from up there. We moved to the tenth floor and walked through the models. I liked the finishes, which include Studio Becker soft-close cabinets, grey polished quartzite and limestone countertops, mosaic-tile backsplashes. Floorplans were very functional and spacious. I particularly liked unit 10C, the 2BR with nice city views listed at $1,135,000. Also quite appealing was unit 10A, with north views that’s listed at $749,000. The Jr 1BRs were pretty cramped; these would be best as pied-a-terres for folks who would rather have their own slice of the city vs a hotel room.

Services and amenities include the roof terrace with outdoor kitchenette, eating and dining areas, along with a fitness center (with outdoor terrace) and an attended lobby. There’s 24-hour valet parking (because how else could you get or drop off your car at 2AM?) and three high-speed elevators. HOAs pay for all this and more, such as water, gas, trash, exterior and interior building maintenance and a property management company.

I continue to like One Hawthorne, and am excited about the higher-floor releases. The building’s location allows for excellent north and south views. And I hear there’s definitely room to negotiate those list prices. So if you’re interested in taking a look, please contact me and I can arrange for a tour!

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