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August 14, 2017

What’s Selling Now: New Construction Condos

It can be mind numbing trying to track sales of the more than 1,000 new construction condos currently on the market. After all, there are more than 17 projects actively selling units in a variety of neighborhoods, and sales offices play things close to the vest. You’ll find a limited number of units listed on real estate Web sites; pricing is typically not public and changes continuously based on the most recent sales.

So if you’re drawn to brand new condos, where do you begin to look? With the help of my company, Zephyr Real Estate, I pulled together the vital deets on some of my favorite projects. Note: I am not on the sales teams for any of these projects, but can represent you independently. This means I can get you started with a loan preapproval and walk you through the contract and the entire process—looking out for your best interests.

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:

201 Folsom (Lumina)
Neighborhood: South Beach

The Homes: 656 condos that are selling quickly
The Perks: Club lounge, private dining room, rooftop terrace, concierge, business center, children’s and game rooms, music practice room, pool, fitness center, spa, pet grooming station, screening room and market
What’s Left: Fewer than 300 units, project is 85% sold and they are now on their last release in Building B. Corner units are in short supply.
The Prices: 1BRs: $1,000,000-$1,700,000; 2BRs: $1,500,000-$3,000,000; 3BRs: $3,100,000+; penthouses: $8,000,000+
Buy If: You are looking for a luxury building with A+ amenities and views
Developer Tishman Speyer

2655 Bush (The District)
Neighborhood: Lower Pacific Heights
The Homes: 81 one- and two-bedrooms
The Perks: Fitness center, full-time front desk, greenhouse, roof deck, residents’ lounge
What’s Left: 23 units
The Prices: 1BRs: $677,000-$1,170,000 with parking; 2BRs: $1,350,000-$1,450,000 with parking
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
Developer: KB Homes

401 Harrison (The Harrison)
Neighborhood: Rincon Hill

The Homes: Was previously the north tower at One Rincon, but has been reinvented as 299 residences within 48 stories, designed by Ken Fulk
The Perks: Designed by Ken Fulk, specialized concierge service. Sky lounge, door attendance, fitness center, conference room, pool, outdoor terraces
What’s Left: 184 units
The Prices: 1BRs: $860,000-$1,500,000; 2BRs: $1,350,000-$3,000,000; 3BRs: $3,195,000
Buy If: You want to live in a luxury high rise with views and a hip design
Developer: Maximus Real Estate Partners

One Mission Bay (110 Channel)
Neighborhood: Mission Bay

The Homes: 350 units with parking
The Perks: Interior courtyard with heated outdoor pool; private dining room; fitness center, sauna
What’s Left: Over 70% sold
The Prices: Studios: $755,000+ (only two left); 1BRs: $900,000; 2BRs: $1,250,000
Buy If: You like a complex that aims to create a seamless indoor-outdoor living experience, in a continuously developing neighborhood
Developer: CIM Group

2121 Webster (The Pacific)
Neighborhood: Pacific Heights
The Homes: 76 homes with a mix of multi-level units, flats, townhomes and penthouses in a converted dental school building
The Perks: 95 parking spaces, fitness center, yoga garden, lounge, guest suite
What’s Left: Only 25% of the units
The Prices: 2BRs: $2,400,000-$4,000,000; 3BRs: $3,800,000-$5,300,000. Penthouse 1: $12,000,000 and Penthouse 4: $13,000,000. Corner penthouse is in raw condition and is listed for $5,950,000-$10,000,000
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
Developer: Handel Architects, Trumark Urban

1688 Pine (The Rockwell)
Neighborhood: Lower Pacific Heights

The Homes: 260 condos across two 13-story glass and concrete towers
The Perks: Screening room, sky lounge, fitness center, owners’ club room with kitchen and dining room for private parties
What’s Left: Only nine units
The Prices: 1BR for $1,020,000; 2BRs: $1,200,000+
Buy If: You’re looking for a luxury high rise in an area that’s central to Hayes Valley, Russian Hill and Pacific Heights
Developer: Oyster Development

99 Rausch
Neighborhood: South of Market

The Homes: 112 condos in a six-story midrise building
The Perks: 74 parking spaces, 104 bike spaces; front desk attendant; conference room; gym; outdoor yoga platform; rooftop terrace; barbeque area; outdoor media area
What’s Left: 105 units, a handful of which are bi-level
The Prices: Studios: $599,000+; 1BRs: $799,000+; 2BRs: $1,250,000+
Buy If: You work downtown and want a state-of-the-art building in an urban location central to restaurants, public transportation and freeways
Developer: Belrich Partners

Fulton 555
Neighborhood: Hayes Valley

The Homes: 140 homes over an onsite grocery market. Delays due to design issues, but project completion expected in Q1 2018
The Perks: Probably the biggest one is being in the heart of San Francisco’s latest restaurant capital. Front door attendance, common social areas
What’s Left: 70 units
The Prices: 1BRs: $750,000-$950,000; 2BRs: $1,100,000-$1,600,000
Buy If: You want to be in a position to eat dinner out every night without walking more than four blocks in any direction
Developer: Fulton Street Ventures

1300 22nd Street (The Knox)
Neighborhood: Dogpatch

The Homes: 91 units with “rustic, organic-modern interiors”
The Perks: Fitness center, community lounge, outdoor movie wall
What’s Left: 23 units
The Prices: 1BRs: $810,000+; 2BRs: $1,200,000+; 3BRs: $1,900,000
Buy If: You’re interested in luxury living in a hip, urban location near Caltrain and a steadily growing number of restaurants and shops
Developer: Trumark Urban

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

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