March 23, 2007
240 Berry: No Condos For You
While we pulled 240 Berry from our Complete Inventory Index (Cii) pipeline long ago, a “plugged in” reader’s tip reminds us that we never shared the scoop. Originally owned by Signature Properties, the 240 Berry lot was sold to AvalonBay and is destined to become rentals rather than condos (Avalon at Mission Bay III).
No word on the fate of the Arquitectonica design (above) that Signature had commissioned for the lot.
∙ SocketSite’s Complete Inventory Index (CII): Q1 2007 [SocketSite]
∙ Avalon At Mission Bay II And Creativity Explored [SocketSite]
First Published: March 23, 2007 4:30 AM
Comments from "Plugged In" Readers
While we certainly can use the extra rentals in the city, I would hope that Avalon decides to retain some of Arquitectonica's cool design, rather than the bland look of their other buildings in the area.
Posted by: Anonymous at March 23, 2007 6:26 AM
This would be the coolest building in the area. It reminds me of the new Trinity Plaza design though.
Posted by: CameronRex at March 23, 2007 9:47 AM
While this decision means it won't add to the condo supply in the near term, that can all be changed with an afternoon board meeting once it's built. All new rentals in SF that I know are built to condo specs and receive a preliminary condo map, but then rented (it would be absolutely foolish of the developer to do it any other way and lock themselves into perpetually renting it). Remember the property on King Street across the street from Momo's and the ballpark that was rented for 2 years after construction and then sold to another developer who turned it into condos and sold it? Kinda like that.
Posted by: Anon at March 23, 2007 11:31 AM
Is this right across Berry from 255 Berry / 235 Berry?
Posted by: Anonymous at March 23, 2007 11:41 AM
"Is this right across Berry from 255 Berry / 235 Berry?"
Is that a trick question? Yes, 240 Berry is the lot across from 235/255 Berry.
Posted by: Local1 at March 23, 2007 11:50 AM
haha, thanks for the confirmation.
Posted by: Anonymous at March 23, 2007 12:01 PM
Super-cool looking. Why do the pretty one's die young ?
Posted by: Anonymous at March 23, 2007 3:52 PM
More residences in the high density MB. Where will all of your guests park?
Posted by: Anonymous at March 23, 2007 4:34 PM
At least we're starting to see a critical mass in that area, hence more hangout spots. Anyone seen how packed the new bar "District" is on 3rd and Townsend?
Posted by: Anonymous at March 23, 2007 4:50 PM
I live near there and feel like 4-5 additional places could open and they would all be packed. There are quite a few people living in the area, but there are so few places to eat and hang out etc. It seems like that sort of development is happening at a snail' pace.
Posted by: Anonymous at March 23, 2007 5:48 PM