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July 30, 2015

The Scoop on South Beach’s 72 Townsend


I took my clients on a hard hat tour last weekend of South Beach’s newest condo development, 72 Townsend. Boasting a prime neighborhood location and city/water views from many of the balconies, 72 Townsend is currently under construction with no actual finished units just yet.

The building sits at the corner of Townsend and Colin P. Kelly Jr. Street, and the lobby entrance will be on Colin P. Kelly Jr. It was formerly a historic grain warehouse that survived the 1906 earthquake, and part of the original facade remains. There will be about 5,000 square feet of commercial space on the ground level.

72 Townsend is a block from the Embarcadero, two blocks to the Giants’ ballpark, and many restaurants, cafes and major San Francisco employers are scattered within easy walking distance. Caltrain is a few blocks west on Townsend, and the 280 entrance is also a quick drive away. The bottom line is that this is a great location for buyers looking for a modern home with all the conveniences.

The project features 74 homes. Most are one- and two-bedroom condos, and there are four penthouses. The one-bedroom units range in price from $963,000-$1.5M, and the two-bedrooms start at $1,487,000 and go up to $2M. (You’re looking at around $1200+/square foot for units on floors three to six, and $1400/square foot for condos on the seventh, eighth and ninth floors. The penthouses are expected to list in the $2200/square foot range.)

Each unit comes with parking, and includes high ceilings, air conditioning, gas ranges, kitchens with individual cooking vents (excellent). Hard hat tours are limited right now to floors three through six, and units on those floors are 20% sold out at this point.

The lobby looks pretty cool right now, as it’s down to the studs and awash in steel. It’s going to have a concierge, main- and upper-level lounges, and art:

My favorite of the available units we saw is unit 605, a 1BR listed for $1,027,000 and an awesome, glass-paneled balcony with city and water views in both directions:

HOA dues are in the $700s for one bedrooms and $800s for two-bedrooms.

The roof deck is taking shape, and has amazing Bay views:

Get in touch if you’d like to schedule a hard hat tour of 72 Townsend. I can only guide you in your purchase if you visit the sales office with me. I’m at / 415.823.4656.

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