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May 12, 2010

Get Your Rock Star on at the Warfield Office Condos


I visited the Warfield building at 988 Market & 6th Street yesterday on broker tour to see the new “office condos” that just hit the market. A bit of history: The Warfield was designed by Gustav Albert Lansburgh, and was constructed between 1921 and 1922 in a Renaissance Revival style. The Warfield Theatre opened in May 1922. The Examiner once occupied the building, and Al Capone apparently used the building in the 1920s, too.

There are a total of eight floors of space, with seven floors being offered as commercial office condos and zoned C3G with an allowance for what’s known as Accessory Use Housing. This means you can use about a quarter of each floor for residential use, and the rest of the space for a variety of uses. Floors 2-5 will share a wall with the famous Warfield theatre, but the top three floors definitely have residential possibilities.

Square footage ranges from 4,601 for the second floor, to 5,118 for the 8th floor. The latter is the penthouse unit, which is the only fully developed one. I pictured Lenny Kravitz living here and shooting that video with Gina Gershon. My favorite part is the cassette-embossed cabinet in one of the bathroom areas:

And I also liked the “office” part of the floor:

The penthouse includes a huge attic space, as well as a 5,000-square foot roof deck. It’s being listed at around $2.5M. Included in the mix are a purple bedroom and adjacent fuschia half bath.

The other units are presently “warm shells,” meaning they’re waiting for development. I checked out unit 5, which looked like this:

Prices for the other office condos range from $1,339,000-$1.4M. Unit 6 has a half-acre deeded roof space, by the way. Some other tidbits: HOA dues are $1,000/mo; parking is available for $180/mo; and each owner is guaranteed eight tickets to every performance at The Warfield.

You can also buy the actual Warfield auditorium for $10M. Or the whole damn building for $22M. Drum solo, please.

I say: Get in there and set up shop by the end of June. Then you can get your eight seats for the Sharon Jones & the Dap Kings show on 6/25.

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