Earlier this month Park Terrace (325 Berry) was roughly 20% reserved. And while we don’t have another sales update (or any news on #701), we do note five relatively new listings which range from $598,900 to $1,695,900; and from $611 (for what appears to be a two-bedroom townhouse fronting Berry) to $1,012 per square foot (for a sixth floor creekfront two-bedroom with terrace).
And yes, the list price on #316 was dropped a nominal $10,000 (now “from the high $800,000s”).
∙ Listing: 325 Berry #101 (3/3) 2406 sqft – $1,695,900 [MLS]
∙ Listing: 325 Berry #106 (2/2.5) 1630 sqft – $995,900 [MLS]
∙ Listing: 325 Berry #308 (1/1) 803 sqft – $598,900 [MLS]
∙ Listing: 325 Berry #316 (2/2) 1360 sqft – $894,900 [MLS]
∙ Listing: 325 Berry #601 (2/2) 1350 sqft – $1,365,900 [MLS]
∙ Update: The Potrero (451 Kansas) And Park Terrace (325 Berry) [SocketSite]
∙ Park Terrace (325 Berry): A Little Over 10% “Sold”? [SocketSite]
∙ Park Terrace (325 Berry): A Few Prices (And A Terrace) [SocketSite]
Wonder if no comments on this posting is an indication of lack of interest in the building… noticed something similar on earlier Arterra postings… maybe no one cares?
Both Pk Terrance and Alterra are flat out not selling period. I’d be really surprise if they were even 20% sold.
Wonder when is the drastic price reductions. We all know it’s coming, just a matter of when…
That’s true – from reading this site, it appears that there are literally no buyers of Arterra / Park Terrace. But I also heard that Arterra took down their incentives because they was “so much interest.” So I don’t know what to think anymore.
I don’t feel like either of these buildings are doing very well. I’m not surprised. Their location and their prices are just underwhelming. At least they have nice floorplans….
Will be interesting to see if 235 Berry bucks this trend but 255 Berry clearly has had first mover advantage here.
I have looked in both of these buildings and they do have some positive features to them, but that whole area still lacks some identity. The floor plans are relatively large and I think they have an overall nice feel to them. I suspect the prices will come down a bit after summer.
When I was looking at Park terrace, they hadn’t began selling any of the units that overlook the nice park between it and 255 Berry. I think these units will be nice, but they told me that they would be priced considerably higher than those facing to the West. The ones with a view of the smelly little creek with ugly houseboats were a little bit more expensive as well.
Perhaps people are just waiting for Philz coffee to open. Maybe that will jumpstart the neighborhood.
[Editor’s Note: Philz is open.]
It takes a little more than just a coffee shop to jump start a neighborhood…
I know. I was being sarcastic.
I noticed today that Arterra owns all of the coffee cups coming out of the Caltrain station on 4th and King.
Believe it or not, Arterra is 40%+ sold. I know some people involved in the project and it seems as though they’re doing something right there.
I was interested in Arterra and looked heavily into it. They claimed throughout the process that they are 40% sold.
I’d like to live there, I think what they’re doing in unique (for now) and its relatively close to where I work.
The timing is off and I believe I cannot afford it. To the East Bay I go.
I am interested in buying at Psrk Terrace – but am wondering how much I should negotiate on the price and how much in incentives I can request. I hear that they have over 40% sold- do you think that’s true? Also,is it a poor decision to take a less expensive one on the side of Berry or on the West?
Park Terrace is about 50% sold now and you should look to negotiate a refrigerator, washer, and dryer.