October 19, 2007
One Rincon Hill: Now Accepting Online Registrations For Tower Two
One Rincon Hill is now accepting online registrations for tower two which will likely form the basis for their reservation priority list come the release of tower two inventory. So if you're interested, sign up. And yes, we'll publish an update on the status of both towers early next week.
∙ One Rincon Hill: Registration [onerinconhill.com]
First Published: October 19, 2007 3:48 PM
Comments from "Plugged In" Readers
So the question is, have price points been adjusted since all the bluster about pricing tower 2 [significantly] higher than tower 1?
[Editor's Note: As far as we know, prices have not yet been set in stone (or at the very least released). Of course if any plugged-in tipsters would like to prove us wrong, you know how to reach us (email@example.com).]
Posted by: RinconHill_Res at October 19, 2007 3:59 PM
Makes no sense why they're doing this so early other than to gauge the interest in a second tower.
They haven't even broken ground yet so it'll be interesting to see if they build at all...
On a side note, the Infinity Tower II is already around 15 stories high and pouring a new floor each week.
Looks like they will finish months if not years before Rincon Tower II.
Posted by: missionbay res at October 19, 2007 4:33 PM
mission bay res: do you have a job? or is your only gig pimping for The Infinity? Tiresome.
Posted by: grrr at October 19, 2007 4:59 PM
Seriously, you are like an Infinity sandwich board.
Drink Jones Soda
Posted by: yeah at October 19, 2007 5:13 PM
Hehe, I'm sorry you're tiresome of it. I can imagine you going "grrrrr" when you see it :-)
I have a job, but sit behind a computer. I have absolutely no vested interest in Infinity, though I have a buddy that bought there. I'm a fan of Infinity, neutral on OneRincon though I think it will do fine in the long long run. I actually like the location of the 2nd tower better, it'll have less congestion... The first tower is way too close to the ramp. But we all know that....
I'm gonna kick back now, drink some soda and enjoy the weekend! Hope u guys do the same...
Posted by: missionbay res at October 19, 2007 5:19 PM
Wonder if The Infinity will feel pressure to begin marketing (e.g. registrations) for Infinity II?
Posted by: Recent Infinity Buyer at October 19, 2007 6:19 PM
Infinity's main competitor for its second tower is going to be Millenium, not One rincon. Both will finish more or less the same time - early 2009. Millenium open sales late this year or early 08. Infinity will start spring 08.
Infinty already has a substantial interest list from those that missed out on the first tower.
I frankly won't have much confidence on One Rincon's second tower until they at least break ground. Anyone know when that will be?
Posted by: anony at October 19, 2007 7:30 PM
I'm still in the camp that thinks Infinity 2 will be rentals until the market strengthens -- but I also think the developer has simply not made a decision yet. No insider info -- just a guess. But dont forget that One Rincon and Infinity have some major competition that is getting ready to pounce on buyers -- The Millennium. If i were the developer of Infinity and One Rincon, I would be planning on taking advantage of a strong rental market for a few years, then either sell the whole building for a tidy profit to another apartment developer, or sell as condos at a later time. Why risk it now? Why compete against Millenium in what, in 2008/09, has the makings of a weak market?
Posted by: Damion at October 19, 2007 7:36 PM
"I actually like the location of the 2nd tower better, it'll have less congestion... The first tower is way too close to the ramp. But we all know that...."
True but, the second tower will have traffic from the soon to reopen Fremont Street ramp coming off the south side of the upper deck zipping right by hellbent on making Market Street in record time! Definitely more hazardous to pedestrians than the exhaust fumes from the parking lot of an approach proceeding up the hill on 1st.
Posted by: AnonN at October 19, 2007 7:56 PM
Forget about which tower will go up first. . .
When is the gourment market going to open in the Infinity complex - and who will run it?
It's ain't gonna be Whole Foods or we would have heard about it by now. . . and Bristol Farms is getting it's ass kicked by the local unions and couldn't even get a liquor license approved by the board of supervisors due to all the political pressure.
Can't imagine they are too high on doing much more business in town.
So who's left? Oakville grocery went bankrupt right? Andronico's has paired down it's holdings.
Safeway is already in Mission Bay.
Trader Joe's would be too cheesy.
Anyone have a guess or inside scoop on who will anchor the commercial space in the Infinity complex?
Posted by: Hungry Hunter at October 19, 2007 9:19 PM
"Infinity's main competitor for its second tower is going to be Millennium, not One Rincon"
Anyone that thinks either One Rincon or The Infinity will be comparable to The Millennium has not seen the floor plans, price points or improvements in either of those projects. http://www.millenniumtowersf.com/
The Infinity and One Rincon are "puppies" in the concept of high end luxury apartments in San Francisco.
The Millennium will have over 400 condominiums that will set the standard for premier residences in San Francisco. The average sq ft in the Millennium will be over 2,000 sq ft while the other 4 buildings (towers) will average at 1,100 sq ft per unit.
They might as well be rental apartments.
The 4 other towers will have interesting views and enjoy the evolving neighborhood.
But in the long run neither the One Rincon nor The Infinity will be considered as premier residences in SF.
Only the St Regis and perhaps the Four Seasons will be close to the Millennium.
And the one that may out do the Millennium would be the NEW Millennium across the street from the St Regis, unless the TVG comes to SF at the TransBay Terminal. Then the Millennium at 2nd and Mission will be the winner, (unless Renzo’s plans include residential, then who knows)!!!!!
Remember the future is in front of you!!
Posted by: Frederick at October 19, 2007 10:14 PM
My girlfriend's best friend pulled her deposit on a $2.5MM penthouse at OR1 when she found out the builder was having "serious financial difficulities" and "was unlikely to build tower 2 immediately" (friend's words). (This was several months back.) FWIW.
Posted by: tony at October 19, 2007 10:20 PM
I'm keeping my fingers crossed for a Trader's Joe ... love those stores!
We do need to figure out traffic calming measures in Rincon Hill sooner rather than later ... but you know that's my pet peeve if you read my blog.
Posted by: Jamie at October 19, 2007 11:25 PM
Jamie - "TRAFFIC CALMING MEASURES"???? It's called the Bay Bridge. Been there since the 30s. Why do you live in Rincon Hill if you are always wanting a quiet, green neighborhood with no trash or homeless?
Posted by: rg at October 19, 2007 11:32 PM
"the second tower will have traffic from the soon to reopen Fremont Street ramp coming off the south side of the upper deck zipping right by hellbent on making Market Street in record time! Definitely more hazardous to pedestrians than the exhaust fumes from the parking lot of an approach proceeding up the hill on 1st."
I've always felt OneRincon would one day be completely wrapped around by freeways, onramps and offramps. There's just no way around it. Beautiful views, BUT the location is doomed... Go by the complex anytime. Noticed the freeway is elevated above the courtyard and lobby area. It could be a little disconcerting to drive up to the valet and see 50mph traffic whizzing by a few feet above you...
I'm wondering if the developer has plans to block the views of the traffic. At least you can block the views, the noise though will be a constant nuisance...
Regarding Infinity's gourmet grocery store, I think I heard before they were thinking of a small Draegers. Not sure if that's still in the plan, but either way it'll be some type of gourmet grocer and cafe.
Posted by: missionbayres at October 20, 2007 12:19 AM
Draegers would be good. Anyone have insights into what type of restaurant will occupy the ground floor?
Between the retail/restaurants at the Infinity, the new ones on the Embarcadero and Folsom and the ones being constructed across from the Metropolitan, there already is progress in developing the retail corridor. I'm excited about this.
Posted by: SFhighrise at October 20, 2007 8:59 AM
I'm beginning to really like the Infinity, and really dislike One Rincon. The thought of even MORE traffic getting on the bridge is crazy.
Millenium is in a solid location. Thumbs up!
Posted by: redy at October 20, 2007 10:06 AM
Posted by: tom at October 20, 2007 12:01 PM
Last month a bond frim was running ad's
on cnbc for 30 year bond's for one rincon
30 year's????? GET IT
Posted by: mark at October 20, 2007 12:08 PM
Let's compare apples to apples. Roughly half the units at One Rincon 1 were 1 bedrooms and priced well under a million bucks. Prices started in the 5's and many 2 bedrooms were under a million. An average person has a chance to afford some of these units. I was able to purchase a 2 bedroom with a great view for just over a million.
The Millennium will no doubt be a first class building, but I expect the prices to the highest of anything, anywhere in the city. If you include parking, HOA fees could be over 2k/month.
All three projects represent 3 different values with different features and options. It's exciting that all three projects (Millennium, Infinity II and One Rincon II) will likely start sales all around the same time. Lets hope this creates some healthy competition!
Posted by: rincon at October 20, 2007 12:23 PM
Frederick, we are not in France, so I don't think we will see TGV type trains in the next 12 years. All funding has stopped, lawsuits have already been prepared by many stakeholders along proposed routes, and there is no certainty that the high speed line, if built, would ever finally even cross into San Francisco city limits. I can think of plenty of luxury buildings in true neighborhoods that will always be more desirable than Millenium or the St. Regis. Why are you so certain the very rich would want to live next to a transit terminal that is mostly to be used by bus riders? Rich people don't do public transportation in this city, they don't even fly public anymore.
Posted by: anon at October 20, 2007 12:57 PM
OMG! The second tower is not going to be built!! The first tower is going to be torn down ! The city economy is collapsing!! The dot com bubble is bursting again!! The American dollar is sliding in value, we're all going to be bankrupted and digging through dumpsters at the doors of the ruling elite in order to survive!!
(The typical [Removed by Editor] Socketsite reader comment)
Posted by: sanfranvalues at October 20, 2007 1:47 PM
Actually SanFranValues, you may be not as funny as you thought. I do see people digging through dumpsters, towers are being put on hold (The Californian), the dollar is collapsing which is causing our fuel costs to go through the roof (did you see the stock market on Friday?), and would you call the current real estate economy, "strong"?, with a good chance that if someone were to buy right now, they would be able to sell in two years for a profit? We will see who is laughing in two years, but some of us have been around these times before and recognize the signs. I own most of my property without any debt, so you could call me one of the "haves", but I would rather sit this cylce out and laugh while you who have not lived through a down cycle learn that it is painful and all your San Fran Values cannot prop up 400% gains even in "world class" San Francisco.
Posted by: anonon at October 20, 2007 3:25 PM
My, aren't we presumptuous rg?
Traffic calming isn't about noise, greenery, homeless whatever, or trash. Traffic calming is about making intersections safe for pedestrians to cross. If you're also supportive of pedestrian safety, please join me in supporting Walk San Francisco, http://www.walksf.org.
Bridge or not, there's absolutely no excuse for people to be hit and seriously injured or killed because some dumb shit is driving excessively fast on our streets.
Posted by: Jamie at October 20, 2007 5:10 PM
More lightheartedly, fuel costs are of no concern to those of us blessed with homes within walking distances of our workplaces in the FiDi. I can't even tell you how much gas costs right now because I haven't filled up my tank since mid-August. Transit first - vote not on Prop. H! :)
Posted by: Jamie at October 20, 2007 5:21 PM
Sanfranvalues is correct. SF real estate used to be freakishly on fire. Not it is just in a warming mode while the Fairfields and Modestos of the world are empty and cold. I've never read so much absolute crap and lies in the above posts since Blahh was blogging. And Tony, hate to break it to you but both your girlfriend and her best friend are lying [Removed by Editor]. The new tall buildings in rincon Hill and SoMa look great and people are buying them. It's clear that until some of these bloggers get San Francisco taxpayers to buy them a condo, they will continue to spread BS and gloom and doom with entitled banter. Meanwhile, it's also clear that some of these condo developers are extremely insecure and spend too much time pimping their projects -- or hating on their competition -- on this blog. Natually, I blame some of this on Chris Daly, but several of you have no excuse.
Posted by: grrr at October 20, 2007 5:33 PM
I was in the Infinty this past week and asked if they thought a Draegers would go in - they did not (and I forget why they said probably not). They seemed to think it would be an A G Ferrari's perhaps.
That's too bad - I love me some Draegers.
Posted by: phatty at October 20, 2007 6:03 PM
"fuel costs are of no concern to those of us blessed with homes within walking distances of our workplaces in the FiDi"
Classic San Francisco thinking going on there. Guess what? Fuel costs, the collapsing dollar, the war in Iraq, China's new economic might, all have an influence even in our little city by the bay. When your association dues goes up almost $200 a month because of the building's cost of energy, you will notice it. I have read many of the Soma high rise boosters talk of their little area as something similar to Zurich Switzerland. A safe haven of great wealth where people from around the world buy property as a safe shelter while enjoying the world class neighborhood. Rincon Hill is just an edge city type developement plopped next to a freeway which has more in common with highrises next to the 405 in Irvine down in O.C. than San Francisco. What our city "sells" is not economic might, but quaint neighborhoods with good restaurants in an amazing setting. I think areas such as 94123 and parts of Russian Hill are a better bet for riding out this economic storm.
Posted by: anonandon at October 20, 2007 6:13 PM
funny, all the anonymous posts, proclaiming disaster. If they were really concerned, would they really be here, posting ridiculous, worthless comments on a small community message board, or would they be preparing for the worst in all ways possible? what a JOKE. Yes, I will laugh last , MEMEME, hahahaha. I'm laughing now, and I'm the last post. hahaha.
Posted by: sanfranvalues at October 20, 2007 7:25 PM
Whenever there's a topic about Infinity, One Rincon, or any of the new towers, Socketsite is worthless. Unless you just want to hear, [Removed by Editor] hammer it out between themselves. Can't we get some new view points on this board? Tiring to say the least.
[Editor’s Note: Well then, might we suggest leading by example and adding some value rather than simply criticizing/flaming others?]
Posted by: anon at October 20, 2007 7:30 PM
Many folks here are forgetting the key elements of the Rincon plan. Using clever construction methods involving giving the building a solid spine, the total construction costs per square foot end up being less than buildings of this scale built with traditional methods. The market could freeze up completely, but more likely it will only answer just how profitable this will be.
Posted by: Mole Man at October 20, 2007 8:23 PM
Geez, I guess I don't need to go to that Mid-Market meeting next week to get stabbed.
I visited the One Rincon sales office for the first time since I went their in May when they hosted a meeting for folks interested in forming a neighborhood association. I've gotta say that the exhibit that shows One Rincon sits on bedrock and some other popular buildings sit on jello (or maybe Pamela Andersen's old "inserts" if you will) is good marketing material.
Posted by: Jamie at October 20, 2007 10:52 PM
"My girlfriend's best friend pulled her deposit on a $2.5MM penthouse at OR1 when she found out the builder was having "serious financial difficulities" and "was unlikely to build tower 2 immediately"..."
I too will have doubts that the 2nd tower will be built until we see some tangible evidence. So far, they seem months from breaking ground. They haven't even starting grading the property yet. Seems the site is being used some temp offices, storage, and parking for now...
If the tower does get built, I do hope it's aesthetically more pleasing than this:
On a side note - have anyone notice the new Turnberry tower at 45 Lansing hasn't had any activity since grading finished a few weeks ago?
Posted by: missonbayres at October 20, 2007 11:56 PM
"[Editor’s Note: Well then, might we suggest leading by example and adding some value rather than simply criticizing/flaming others?]"
In all fairness, I think that people HAVE tried to "lead by example" but when it comes to these topics, it's just a waste of time. You get nothing in return as the same old posters just rehash their usual.
Posted by: anon at October 21, 2007 12:58 AM
You must be getting paid $1 dollar for everytime you say you think the second tower won't be built.
They did say they were to start construction sometime in 2008, so I would not expect them to start any work on it yet. The land where the tower will be built is most likely extremely valuable in terms of construction access for the first tower/town houses.
Posted by: anon at October 21, 2007 1:07 AM
For everyone who has complained about the looks of One Rincon, take a look now. Sure, it was ugly during construction, but I think it looks quite magestic now. I think the "candy stripe" effect has been minimized by the rounding out of the crown. Sure, it is bold for the city, but this is what it takes to add some color and life into the downtown skyline.
Posted by: SFhighrise at October 21, 2007 7:47 AM
"My girlfriend's best friend pulled her deposit on a $2.5MM penthouse at OR1 when she found out the builder was having "serious financial difficulities" and "was unlikely to build tower 2 immediately" (friend's words). (This was several months back.)"
Did you just make this up? Because you can't just pull your deposit from One Rincon. Unless she found someone else to transfer the deposit and reservation she would have lost 75k if she just walked away. Pretty stupid on just a rumor.
Posted by: anon at October 21, 2007 11:57 AM
"On a side note - have anyone notice the new Turnberry tower at 45 Lansing hasn't had any activity since grading finished a few weeks ago?"
They should start staging the site this week. The permit was just issued on the 10th.
Posted by: rincon at October 21, 2007 12:53 PM
@ anon oct 21 1157AM: No, I definitely did not make it up (to what end?!). She is a realtor who did very well during the recent run-up and was initially bullish on OR1. She chose instead to stay in the Marina; I didn't ask her if she walked away or found someone to assign it to.
Posted by: tony at October 21, 2007 5:29 PM
"For everyone who has complained about the looks of One Rincon, take a look now. Sure, it was ugly during construction, but I think it looks quite magestic now. I think the "candy stripe" effect has been minimized by the rounding out of the crown..."
The east facing side of the crown is bearable. It has the blue/green glass curtain wall without the unsightly white stripes.
It's the west facing side that confuses me. The crown is 3-4 stories high and the entire side has been painted a solid white color. I sure hope that's the primer or undercolor because painting a crown that tall and large a flat solid white is bizarre...
Posted by: missionbayres at October 21, 2007 6:37 PM
It's not paint, that is the final color. It's like a big F U to everyone West of downtown.
Posted by: kid at October 21, 2007 6:52 PM
It's the west facing side that confuses me. The crown is 3-4 stories high and the entire side has been painted a solid white color. I sure hope that's the primer or undercolor because painting a crown that tall and large a flat solid white is bizarre...
I agree that the east side looks better. However, I happen to also like the look of the west side.
Posted by: SFhighrise at October 21, 2007 7:06 PM
"@ anon oct 21 1157AM: No, I definitely did not make it up (to what end?!). She is a realtor who did very well during the recent run-up and was initially bullish on OR1. She chose instead to stay in the Marina; I didn't ask her if she walked away or found someone to assign it to."
To the end that you cannot just get your deposit back. She would have had to assign the reservation/deposit to someone else which I don't think has happened for any of the units yet.
Posted by: anon at October 21, 2007 7:38 PM
Did you know that the San Francisco government, namely Supervisor Chris Daly, extracted $20 million from the builders of One Rincon? He was never going to allow the project to be built if they didn't agree. In return, the builders divided the $20 million into 400 units (2 towers) and raised the price of each condo by $50,000 more. If you are a buyer, you are paying $600.00 more in property taxes each and every year.
Posted by: Daniel at October 21, 2007 9:45 PM
"Did you know that the San Francisco government, namely Supervisor Chris Daly, extracted $20 million from the builders of One Rincon? He was never going to allow the project to be built if they didn't agree. In return, the builders divided the $20 million into 400 units (2 towers) and raised the price of each condo by $50,000 more. If you are a buyer, you are paying $600.00 more in property taxes each and every year."
The Rincon comments get better by the hour! All large commercial residential projects HAVE to provide a certain amount of "below-market-rate housing." Infinity built their bmr housing off-site on 7th Street.
One Rincon decided they did not want to deal with building off-site bmr units nor did they want to allocate any of the units within the two towers to bmr. Instead, they paid off the city.
Basically, anyone who is moving into any of these towers or any other residential development that provides bmr units is paying extra to subsidize the costs whether the bmr units are in the building, built off-site, or not built at all and the city is paid off by the developer.
[Editor’s Note: We’ll also note that it’s a total of 695 condos and 14 townhomes that are in the works, not 400.]
Posted by: anon at October 22, 2007 1:16 AM
that's my supervisor. gotta love him!
Posted by: james at October 22, 2007 8:54 AM
The aesthetic appearance of the West or East side facade of the Rincon tower is really a matter of taste. I tend to like the West side better. Some here seem to like the East side better. What does it matter; any work/building that is so prominent will have people arguing both ways. Does anyone remember all the negative commentary regarding the Transamerica Building when it was being built?!
I have one of the units in the top three floors. The price was high, as you know. But three months ago I was asked if I would consider a sale by an interested party. Who knows how real the offer was, but they seemed to be quite serious with about a 13% upside. Anyway, it's not the money I care about right now; I just want to live there.
Posted by: VieuxCertan at October 23, 2007 9:45 AM
can "frederick" please respond to me?? the latest article alludes to someone who got their deposit back on a penthouse unit and it takes me to his comments about it being his gf's bf. I can tell you without a doubt, 5902 was not "frederick's" gf's bf, it was mine and they will not give me one cent back even though their (ORH's) lender countered my financing to require a mere additional 500k down. I want to know how she got her money back and I cannot. ORH nor their attorney's will even respond to me, yet they are marketing my unit and will not give me my money back....this is not America, this is San Francisco....someone please guide me to "frederick"
Posted by: Diane Wales at October 23, 2007 11:45 PM
^ i think you mean "tony" not frederick although i don't see any reference to anyone getting a deposit back on a penthouse unit.
Posted by: nonanon at October 24, 2007 1:15 AM
you are right, it was tony...I was reading it wrong. It says she "pulled" her deposit....another guy says you could transer or assign the contract, but they refuse to let me do that either. I just want to find who this person is. Ironically, I am in real estate and live in the marina as well.
Posted by: Diane Wales at October 24, 2007 9:53 AM
The money Daniel referred to was in addition to the money paid by 1Rincon for affordable housing. The builders of 1Rincon agreed to pay the extra money into a fund to go to SOMA community groups to counter the gentrification impacts of condo building on the South of Market area.
Posted by: Dan at October 24, 2007 10:40 AM
Here's a link about the money Daly extracted from the builders of 1Rincon:
Posted by: Dan at October 24, 2007 10:52 AM
Thanks for all of the wonderful info you provide. I am new to the area and I am going to buy soon. I am torn between The Infinity and One Rincon. If you were going to be buying SOON which project would you lean towards? I appreciate all input. Also I plan to spend between $1 and $2 million.
Posted by: newbuyer at October 24, 2007 10:59 AM
dan, that story is amazing. i had no idea how much of a worthless piece of shit daly was. thank you!
Posted by: james at October 24, 2007 2:17 PM
Does anyone know if the Millenium Floor Plans are up on the website yet?
Posted by: weatherman at October 24, 2007 4:24 PM
If I had to choose between the 2, i'd go with Infinity. To me it just seems the safer investment right now and the location is nicer. I suggest you walk around both developments and judge for yourself. Try the pm commute hours and you'll see what I mean.
Posted by: anon at October 24, 2007 4:34 PM
"The money Daniel referred to was in addition to the money paid by 1Rincon for affordable housing. The builders of 1Rincon agreed to pay the extra money into a fund to go to SOMA community groups to counter the gentrification impacts of condo building on the South of Market area."
The article actually never mentions One Rincon.
It mentions that five new developments on Rincon Hill have paid the fee: "Developers of five proposed downtown condo towers agreed to pay $25 per square foot in impact fees in exchange for building permits..."
Posted by: anon at October 24, 2007 8:15 PM
I can possibly help you - please send your contact info to firstname.lastname@example.org and I will contact you with some information that may be helpful.
Posted by: Ryan at October 24, 2007 8:20 PM
Just in case you didn't know, there is nothing for sale right now at Rincon between 1-2 mil
Its either over 2 mil or under 800k. You can wait until May for second tower sales, but that wouldn't be "soon". Or you can see if any resales come up at Rincon, but ther not allowed to sell for a year, same with Infinity.
Infinity is your only choice right now.
Posted by: anon at October 24, 2007 8:35 PM
Strange my posting earlier to you disappeared. Oh well.
Sometimes OneRincon buyers under contract advertise their desire to back out and assign their contract and eventually the deed/title by using a quit deed at closing. I've seen maybe half a dozen on craigslist over the last few months. I've never seen any for Infinity though... Here's the links:
There's also another Rincon unit available via a contract cancellation. It's a 2 bedroom, unit# 03 on the 8th floor priced in the high 800s. It faces south and is only a couple floor above the freeway so noise will be an issue. It was available on Monday, not sure about now.
And as far as I know, Infinity's tower is almost sold out ~95%. But they still may have something in the 1-2M range.
Posted by: missionbayres at October 24, 2007 9:13 PM
The developer says that there isn't go to be a high end grocery store at The Infinity. Not even a "corner store". They are reserving the ground floor for a restaurant and cafe. Sort of sucks since I am buying in there and was looking forward to the convenience of an on-premises store.
Posted by: weatherman at October 25, 2007 1:50 PM
I bet that the Infinity not getting its store is indicative that the development is in trouble. I wonder how many other contracts will fall out?
Posted by: anon at October 25, 2007 3:51 PM
I doubt the development is in trouble per se, but I think it is only about 70% sold. The exterior of the building is sweet and I am still (relatively) positive about my choice. It is a primary residence for me and I can't quite figure out where to store food in the kitchen (almost zero space).
Maybe THAT is why there is no grocery store on the ground floor. No place to put away what you would buy at the store anyway, so why bother putting one in.
Posted by: weatherman at October 25, 2007 5:17 PM
anon @ 3.51. You wonder how many 'other' contracts will fall out. Do you know for a fact contracts are falling out? Or did you just make that up to spread lies?
Regarding the inventory, Infinity hasn't advertised the tower for a couple months. I see them occasionally advertising the treetops in the Chronicle and home mags but their tower is just about sold out. Check out their sales center. They won't have much to show you in the tower.
Posted by: anon at October 25, 2007 10:02 PM
I am buying in The Infinity and I would like nothing more than to think that the Tower at The Infinity is almost sold out. I have a realtor friend who is plugged in and checks in from time to time with the people there. There are still units to show and best estimate is 75% sold. Not bad, but not a sell out either. He hasn't heard of actual contract cancellations, but I heard some units that were in contract are available again.
Posted by: weatherman at October 25, 2007 10:31 PM
You're right, the whole complex including the two treetop buildings (A and C) is around 75% reserved. The treetops only is around 60% sold, but the tower is way more than 75% sold. My buddy reserved a corner unit on the upper floors. He keeps apprised on the sales and the tower is around 90% if not more.
There has been some fallout, but nothing more than average. OneRincon has had some fallout as well. I've seen 7 ads in Craiglist for OneRincon units so far this year. I don't think Infinity allows assigning contracts, that's why we don't see them in any ads.
By the way, here's an update on Infinity from the Webcor website. Seems they are well on their way:
Posted by: missionbayres at October 25, 2007 11:50 PM
The Inifinty won't let you assign your unit. Once the deposit goes hard you are stuck (unless you get a really good lawyer, but even then it is not likely you'll get the 3% deposit back).
Is your friend that bought on the upper floor happy with the finishes the developer chose, especially for the 2nd bathroom? The building looks great from the outside, but I am feeling let down with the finishes. Can't imagine that I would walk away because of it, but porcelein tile and cheap shower stalls and hardware in a $1400 per sq ft condo is not cool. I heard the 2nd Bathroom was going to be marble, but they apparently scaled it back.
Posted by: weatherman at October 26, 2007 9:55 AM
Just out of curiousity, where did you see the 2nd bathroom? The model didn't have a 2nd bathroom so I don't know what it looks like. Were you able to go into the building?
The upper floors (above 28th) will have some upgraded finishes and appliances than those below. I'm not sure exactly what is upgraded, but there will be some.
I'm fine with the kitchen finishes but agree the bathrooms could be more luxurious. We will probably upgrade the flooring on our own...
What approx floor and model did you choose?
Posted by: missionbayres at October 26, 2007 11:28 AM
I don't think they are letting people up in the building yet, but when I was in the design center they showed me the 2nd bathroom finishes.
We are on an upper floor, one of the corner units. I didn't ask if the finishes were different below 28 or not.
Where is your unit?
Posted by: weatherman at October 26, 2007 1:23 PM
Thanks for the info. That would suck if the 2nd bathroom's finishes were really that subpar. I thought the master's finishes were fine.
I still wonder why there won't be a grocery store? I'm holding out hope there will be one. There should be enough space in the treetops to hold several commercial units.
My friend's unit is upper floor as well, a corner unit with partial water views.
At $1400/sqft, I bet you got a really nice wide water view unit. I think those corner units will hold it's value the best...
Here's my email if you want keep it to share any future Infinity info:
Posted by: missionbayres at October 26, 2007 5:36 PM