San Francisco’s Portola neighborhood is getting an injection of new inventory—54 townhome-style condos, to be exact. Lofton at Portola is currently under construction at 489 Cambridge Street.
Tri Pointe Homes is building the units on a two-acre parcel previously occupied by Fellowship Academy Day Care buildings. The project is a mix of two- and three-story condos ranging in size from 1,387-1,896 square feet with parking.
Pricing starts at around $1.2M for the two-bedroom units, and $1.4M for the three bedrooms. HOA dues are quoted on the Lofton Web site as being $256/month, but I would ultimately budget a higher amount for a community of this size.
Nearby amenities include McLaren Park and the recently renovated Palega Rec Center.
Portola is largely a community of single-family homes. But the Lofton project seems designed to fit in pretty well with its surroundings, and expands inventory for home buyers who are looking for new construction in a well-established neighborhood.
For more info on Lofton, check out the Tri Pointe Web site. And give me a shout if you’d like to schedule a model home tour. You just might want independent representation when it comes to purchasing new construction.