CATEGORY ARCHIVE: Bay Buildings
May 5, 2008
JustQuotes: Record Sale Price For Edgewater Apartments On Berry
"Colorado-based apartment real estate investment trust paid $115 million for a recently completed Mission Bay apartment complex, a deal that shattered price-per-unit records for a major multi-family property in San Francisco.
UDR, formerly known as United Dominion Realty Trust, shelled out $595,855 per apartment, or $730 a square foot, for the recently completed 193-unit Edgewater Luxury Apartments at 355 Berry St., north of the channel in Mission Bay.
The seller was the apartment developer Urban Housing Group, which spent five years entitling and constructing the property before opening it in August 2007. Urban Housing fully leased the building in four months, beating projections by five months."
∙ Edgewater's $115M price shatters records [Business Times]
∙ Edgewater Apartments (355 Berry): An Overview And Pricing [SocketSite]
Posted by socketadmin at 10:00 AM | Permalink | Comments (38) | (email story)
May 2, 2008
The Power (Or Perhaps To The Power) Of Three: 2000 Washington #A
Three bedrooms, three (and one-half) baths, three parking spaces, and three cheers.
One full floor, one of only seven cooperative units in the Conrad Muessdorffer designed building, and one “if you have to ask” price ($6,250,000) with dues to match ($2,285/mo).
∙ Listing: 2000 Washington Street #A (3/3.5) - $6,250,000 [MLS]
∙ Architect: Conrad Alfred Meussdorffer [sfhistoryencyclopedia.com]
Posted by socketadmin at 8:30 AM | Permalink | Comments (9) | (email story)
Bank Owned (With Big Windows) At The Beacon: 260 King #957
You’ll have to budget for a few kitchen appliances, and don’t forget about that southern sun (or rather its heat), but if you have your heart set on living at The Beacon you might want to take a look at 260 King #957. Corner unit, big windows, over 1,100 square feet, and now bank owned and listed at $584 per square foot ($644,900).
Tax records would suggest a previous sale of this very unit (and previous building comp) at around $782 a square foot ($860,000). And four other one-bedrooms at 260 King are currently on the market from $690 to $857 (a square).
∙ Listing: 260 King Street #957 (1/1.5) - $644,900 [MLS]
∙ Quite Literally At The Beacon [SocketSite]
Posted by socketadmin at 8:00 AM | Permalink | Comments (37) | (email story)
April 11, 2008
Holy Hotness, History, And Home: Engine Company No. 44 Returns
Built by the McSheehy Brothers in 1909, 3816 22nd Street served as home to San Francisco’s Engine Company No. 44 (and their horses) for fifty years.
In 1959 the firehouse was sold to Mark and Beth Adams who maintained the firehouse in relatively original condition but employed the space as a private residence and artists’ studio for the next forty.
Purchased in February of 2006 for $2,100,000 (while listed for $2,695,000), the firehouse will soon return to the market after a multi-year renovation and expansion (think new second floor) of what was roughly 3,700 square feet of living space (original floor plans).
We have yet to see the new interior, but it promises to be a “clever mix of modern and original details" including a glass and reclaimed lumber staircase; original spiral staircase, copper and zinc doors; gourmet “loft” kitchen; and observatory tower with 360 degree views. Pricing? It's currently “upon request," but according to a plugged-in tipster:
I spoke to the developer…probably 10 months ago and he said it could possibly set a record price for a SFH in Noe Valley (who knows what has transpired [since] then, but for what it's worth).
And yes, we're fired up (ba-dump-bump) with fingers crossed to see what they've done with the space.
∙ Engine House 44 [New Website] [Last Listing] [Original Detail] [Original Floor Plan]
Posted by socketadmin at 2:33 PM | Permalink | Comments (11) | (email story)
Additional Details To Go With The Glassy Design: 680/690 Folsom
Additional details on the redevelopment and redesign of 680/690 Folsom we showcased in February:
Two floors are being added to the 12-story structure and the floorplates will be expanded as well, pushing the edge of the building toward Folsom Street. The glass, steel and granite lobby will have 30-foot ceilings with floor-to-ceiling glass and a floating staircase.
All told, the rehab will increase the building from 400,000 square feet to 505,000 square feet, with 440,000 square feet of office and 10,000 square feet of retail at 680 Folsom St. (formerly called 666 Folsom) and 55,000 square feet of offices at the abutting 50 Hawthorne St.
The ground floor will have a restaurant and TMG is in early talks with the Museum of Performance & Design -- formerly the San Francisco Performing Arts Library & Museum -- which is interested in moving from the Veterans Building in the Civic Center.
∙ Reinvention under way at Third and Folsom [Business Times]
∙ Wet Weekend Special (And Scoop): The Designs For 680/690 Folsom [SocketSite]
Posted by socketadmin at 6:30 AM | Permalink | Comments (10) | (email story)
April 2, 2008
Master Bed, Half-Bath And Beyond Bracing (650 2nd Street #601)
From a tire warehouse (Goodrich) in 1923, to a booze warehouse/office (Seagrams), to a printing plant and corporate headquarters (George Lithograph Company), to twenty-four (24) live/work lofts in 1996, 650 2nd Street is a true conversion building.
Which should help explain the half-bath in the master suite of #601 (with the two full baths a floor below). And the not so subtle seismic bracing in the living room as well.
∙ Listing: 650 2nd Street #601 (2/2.5) - $1,695,000 [650secondstreet.com] [MLS]
Posted by socketadmin at 4:00 PM | Permalink | Comments (49) | (email story)
188 King Street #305 Returns To The Market (And Is Quickly Reduced)
Originally offered by the developer in May of 2006 for $925,000 (and purchased for said amount according to tax records), 188 King #305 returned to the market a month ago with a list price of $869,000. And two weeks later, that list price was reduced down to $849,000.
As you might recall, it was eighteen months ago that we calculated that only seven of the 44 condos that compose 188 King Street had been sold on the open market despite “multiple releases” and five additional units being advertised as “sold” for marketing purposes (but retained by the developers).
And keep in mind that unsold units ended up becoming rentals (which could affect financing), and a week after the sale of #305 closed escrow the developer cut prices by up to $100,000 (which still didn't manage to move the sales needle at the time).
∙ Listing: 188 King Street (1/2) 1,123 sqft - $849,000 [MLS]
∙ 188 King: Phase I Pricing [SocketSite]
∙ 188 King Street: The Rents [SocketSite]
∙ The Scoop On 188 King Street: Now Selling Leasing [SocketSite]
∙ Price Reductions At 188 King [SocketSite]
Posted by socketadmin at 1:19 PM | Permalink | Comments (11) | (email story)
March 24, 2008
Going Once, Going Twice (For Real?*) At Shore|Line: 41 Federal #42
From a list price of $939,000 to $869,000 to $850,000 to $830,000 to $813,400 to $797,150 to an auction this Wednesday (3/26/08) at 4:15 PM.
As you might recall, 41 Federal #42 had been offered by the developer for $850,000 sixteen (16) months ago before being purchased and then lost to the bank. The opening bid this week will be $100,000*. Care to forecast the final price?
And in case you didn't catch it, our 41 Federal headline almost three months ago: “Going Once, Going Twice…Going Five Times At Shore|Line: 41 Federal.” Boo.
*UPDATE (Redux): While we originally noted the lack of a “reserve” price and intimated that “it will sell,” it appears as though ex SF-er correctly parsed the auction's "subject to approval" language, and tipster demonstrates how being the highest bidder isn't always high enough.
∙ Real Estate Auction: 41 Federal #42 [williamsauction.com]
∙ Seller Motivated Drastic Price Reduction Penthouse Unit [SocketSite]
∙ And Now We’re Back Below Where We Started [SocketSite]
∙ Savings At Shoreline (41 Federal) [SocketSite]
∙ Going Once, Going Twice…Going Five Times At Shore|Line: 41 Federal [SocketSite]
Posted by socketadmin at 3:00 AM | Permalink | Comments (40) | (email story)
March 13, 2008
Another Apple Speaks On The Edge Of Nob Hill (1635 California #33)
Four months ago we pointed it out as “another apples to apples comp in the making." And while 1635 California is on a busy street, and we’ll be the first to admit that the layouts aren’t exactly spectacular (which we actually noted two years ago), nothing about the location nor the building has recently changed.
That being said, the 36 condos at 1635 California Street first hit the market two years ago and based on tax records it appears as though unit #33 sold for right around $780,000. Twenty months later 1635 California #33 hit the resale market for $795,000 (a sale at which would have represented 1% annual market appreciation) but was subsequently reduced to $749,000. And just last week, the sale of condo #33 closed escrow with a reported contract price of $740,000.
A sale at $740,000 represents annual market depreciation of right around 3% over the past two years which might surprise some. But it's probably not going to surprise a plugged-in “PotreroResident” who four months ago commented, “Based on my analysis of this building, this unit is most likely worth about $740-750k, at best.” On the record and on the money (at least for today).
∙ Another Apples To Apples Comp In The Making (1635 California #33) [SocketSite]
∙ 1635 California Street [SocketSite]
Posted by socketadmin at 9:17 AM | Permalink | Comments (14) | (email story)
March 12, 2008
The Newest Comp For A Two-Bedroom Condo At 246 2nd Street
Last week the sale of the bank owned 246 2nd Street #1302 closed escrow with a reported contract price of $775,000. That's roughly $125K below what #902 sold for late last year; roughly “$150K Below Last Sales Comp in Building!”; and exactly $220K below what the seller of #502 is currently asking.
Granted, #502 also offers a 600 square foot deck, but with roughly 50 fewer square feet of indoor space as compared to the other two. And all three appear to share the same quality of finishes.
Damn those unemotional sellers to hell. And once again, “that’s not likely to be a neighbor(hood) pleaser.”
UPDATE: As a plugged-in reader notes, with a notice of default in hand, #502 appears to be on its way to being bank owned as well.
∙ One Part Bank And One Part New Building, But Any Parts New Market? [SocketSite]
∙ Listing: 246 2nd Street #502 (2/2) - $995,000 [MLS]
Posted by socketadmin at 1:03 PM | Permalink | Comments (39) | (email story)
March 11, 2008
Some Relative Perspective On The Position Of The Transbay Project
Neither Millennium (M) nor 555 Mission might appear in most (any?) of the initial design renderings for the proposed Transbay Terminal and Tower by Pelli Clarke Pelli, but at least we can offer some perspective on where the buildings (will) lie.
And if you currently park in either of the surface lots between Natoma and Minna and didn't know that they were going away, please don't shoot the messenger.
∙ Millennium Tower San Francisco (301 Mission): Sales Update/Facts [SocketSite]
∙ A Virtual Tour Of 555 Mission Street (And Downtown San Francisco) [SocketSite]
∙ San Francisco’s Transbay Terminal: Website And Community Meeting [SocketSite]
Posted by socketadmin at 9:21 AM | Permalink | Comments (11) | (email story)
March 10, 2008
San Francisco’s Transbay Terminal: Website And Community Meeting
The Pelli Clarke Pelli website dedicated to their proposed Transbay Terminal, Tower and City Park has added a number renderings, charts, and animation since the last time we looked.
And according to a plugged-in reader (and NBC11), a community meeting and update on the terminal by the Transbay Joint Powers Authority (TJPA) is scheduled for 6PM tonight (3/10/08) at the Calvary Presbyterian Church (2515 Fillmore Street).
∙ Transbay Transit Center And Tower: Pelli Clarke Pelli [pcparch.com]
∙ SF To Hold Meeting On Tallest Skyscraper On West Coast [NBC11]
Posted by socketadmin at 1:48 PM | Permalink | Comments (22) | (email story)
March 1, 2008
An Outstanding View (And Story Of Spite): Atop 947 Green Street
We’re not going to make a habit of publishing on the weekends, but we do prefer to kick them off with an outstanding view and perhaps a little history (if not levity).
[947 Green Street] is known as the "spite building." (Not to be confused with the 30-foot "spite fence" that Charles Crocker built around the property of Nicolas Yung in the Nob Hill block that currently houses Grace Cathedral. Yung was the only holdout in Crocker's mansion block and refused to sell his small property to Crocker.)
The owner of 1000 Vallejo Street built this building to protest the loss of northern and northwestern views from 1000 Vallejo Street by the building at 945 Green Street. The building is L-shaped and higher than 945 Green. It blocks the eastern and southeastern views of 945 Green. The best perspective to understand this is to view the back of 947 Green from the balustrade at 1020 Vallejo Street.
This is a beautiful building with many full-floor condominiums. Elevators open into elegant foyers. The ceilings are high, rooms are large, underlying details are exceptional, and the views are outstanding.
And hey, if you're going to live in the "spite building," you might as well live at the top.
∙ Listing: 947 Green Street #10 (2/2) - $5,000,000 [San Francisco Properties]
∙ Russian Hill Green Street/Macondray Lane Walk [Russian Hill Neighbors]
Posted by socketadmin at 9:39 AM | Permalink | Comments (14) | (email story)
February 23, 2008
Wet Weekend Special (And Scoop): The Designs For 680/690 Folsom
A plugged-in tipster brightens our weekend (and hopefully yours) with a current shot of 680/690 Folsom (above) and the scoop on what’s to come via a redesign (below).
As out tipster notes, “this is the two-story old Pac Bell service garage on the 3rd & Folsom corner and the office building next to that,” and it's the “greener view in the works for some at BLU” (and Museum Parc) that we pointed out last year.
Credit goes to TMG partners for the (re)development vision, and SOM for the (re)design.
∙ A Greener View In The Works For Some At BLŪ (And Others) [SocketSite]
Posted by socketadmin at 3:31 PM | Permalink | Comments (13) | (email story)
February 22, 2008
Conversion Of 140 New Montgomery Moves To Environmental Review
It was nine months ago that the news broke about Meany Sullivan’s purchase of the 26-story Pacific Telephone Building at 140 New Montgomery with plans of converting it from an office building to “a five-star hotel and condominium tower, with a spa, restaurant and bar.” And according to a plugged-in tipster that lives nearby (and in the picture), the project's environmental review notice is making its rounds.
The proposed project is a seismic retrofit and a conversion of the approximately 377,000-square-foot, historic Pacific Telephone and Telegraph Co. Building from office to residential use. The proposed project would contain approximately 135 residential units on the 2nd floor to the 26th floor of the building for a total of about 368,000 square feet of residential space, and an approximately 8,500 square foot restaurant on the ground floor. The height of the building would remain unchanged. An existing below-grade parking garage, accessible from Natoma Street, would be used to accommodate up to 70 valet-parked cars. The proposed project would also include construction of a single-storey horizontal addition to the building on an existing parking lot on the south side of the building to support the residential use.
Also noted by our tipster: "There's no mention...if this is a watered down version of the 5-star-luxury hotel residence that was mentioned last year, but it's good to hear that the building will hopefully eventually move away from being derelict!"
Now about that "You didn't hear it from me...The Waldorf-Astoria, San Francisco" comment a reader left last May...
∙ Another Office To Hotel/Condo Conversion: 140 New Montgomery [SocketSite]
Posted by socketadmin at 3:00 AM | Permalink | Comments (9) | (email story)
February 8, 2008
A Little Bit Of SOHO Down In SOMA Take Two (357 Tehama #2)
If you liked the vibe of the building (and can get past the fear of vibrations), another full-floor loft at 357 Tehama is now on the market.
And while number three was more our style (and has since sold), number two is listed for $500,000 less (but only $125,000 under number three's eventual sale price).
∙ Listing: 357 Tehama #2 (3/2.5) - $1,995,000 [MLS]
∙ A Little Bit Of SOHO Down In SOMA (357 Tehama And #3) [SocketSite]
Posted by socketadmin at 8:24 AM | Permalink | Comments (9) | (email story)
A Few Of Our Favorite Things: Big Windows, Views, And A Floor Plan
It’s a full floor co-op on the sixth floor of The Heights (1940 Broadway)…
…with classic big windows (and views)…
..and a nice big floor plan to peruse.
∙ Listing: 1940 Broadway #6 (3/4) - $4,350,000 [MLS]
Posted by socketadmin at 7:28 AM | Permalink | Comments (43) | (email story)
January 29, 2008
A Remodeled Hit In The 1980's Era 101 Lombard Street Development
The individual condos can be hit or miss, but we do find the 1980’s development (101 Lombard) to be underrated in terms of location, views, and setting (not to mention that it’s currently undergoing some major capital improvements).
And while we haven’t seen its views, and perhaps it’s simply all the wood and styling of the living room, we’re leaning towards “hit” for #405W.
UPDATE (4/2): 101 Lombard #405W closed escrow on 4/1/08 with a reported contract price of $1,190,000 (3.2% under asking).
∙ Listing: 101 Lombard #405W (2/2) - $1,229,000 [MLS]
Posted by socketadmin at 6:34 AM | Permalink | Comments (18) | (email story)
January 25, 2008
One Rincon Hill: A Remembrance Of Its Clock Tower Past
We’re not fans of One Rincon Hill’s white stripes (although we rather like the band). And we do believe that more could have been done with the design (assuming the city would have acquiesced). But at the same time, we also believe that critiquing the design prior to the completion of both towers constitutes an unfair rush to judgment. And that it's worth remembering the architecture (and use of land) that graced this site not too long ago.
∙ One Rincon Hill: Another Fontana Or Transamerica In The Making? [SocketSite]
Posted by socketadmin at 10:47 AM | Permalink | Comments (37) | (email story)
January 18, 2008
The New Designs For The Old Levis Strauss Factory At 250 Valencia
No, it’s not in the process of being turned into condos (not that we’d necessarily object), but rather it’s soon to be the new campus of the San Francisco Friends School.
Purchased by the Friends School in 2005, the former Levi Strauss factory at 250 Valencia was opened in 1906 (to replace factories lost in the quake), “averted layoffs and kept employees working to install a new wooden floor” during The Depression, and finally closed its Levis Strauss related doors in 2002.
And as Curbed correctly notes, it’s Pfau Architecture that has been leading the "sustainable" re-design of the 84,000 square foot building and 10,000 square foot open space out front.
∙ San Francisco Friends School [sffriendsschool.org]
∙ New Friends on Valencia Street [SFCurbed]
∙ Pfau Architecture [pfauarchitecture.com]
Posted by socketadmin at 2:45 AM | Permalink | Comments (2) | (email story)
January 16, 2008
And Now Back To The Hugo Hotel (And Eminent Domain On Sixth)
With an assessed tax value of $474,894 (despite an estimated value of at least $3,250,000), and a yearly tax contribution of only $7,269.58, yesterday’s post concerning the Hugo Hotel quickly turned into a debate over propostion 13 (which we’ll let rage on).
But for those who might be more interested in a discussion about the actual building, we'll offer up a select few comments to get things started:
“Patel cites the building's 50-foot height restriction as a way for the city to keep her property's value low. "It is unfair that I don't have the same development opportunities as everyone else," she says by way of explanation for the property's dilapidated state.”
“They've always marketed the building touting it's high zoning height limit which is just absurd. It's barely feasible to develop in a sketchy location like that and it gets less feasible the taller the building as your development costs go way up when you switch from wood frame to concrete and steel construction at over 4 stories.”
“The reason this eyesore remains is that David Patel is impossible to deal with. The last time I tried, he said he wanted $50,000 up front to talk.”
“Practically the entire south of market has a 50' height limit, and it has for decades. Drop all your conspiratorial theories. In fact, the Planning Dept has proposed raising the height limit in that vicinity to 85'.”
And now back to the building in specific (or at least eminent domain in general).
∙ JustQuotes: Eminent Domain For Affordable Housing On Sixth Street? [SocketSite]
∙ Artwork for sale, and so is building [SFGate 9/06]
Posted by socketadmin at 3:00 AM | Permalink | Comments (6) | (email story)
January 15, 2008
JustQuotes: Eminent Domain For Affordable Housing On Sixth Street?
"A push to replace a vacant building with furniture famously bolted to its walls on Sixth and Howard streets with housing and stores will be discussed today by The City’s redevelopment agency, which is considering legal efforts to forcibly purchase the property.
The 144-room, 99-year-old Hugo Hotel has been empty since it was gutted 20 years ago by fire, according to a city staff report for today’s meeting. In April, the redevelopment agency offered to buy the property for $3.25 million, but it was turned down by the Oregon-based owners, who sought $7 million, according to the report.
Redevelopment agency Executive Director Fred Blackwell said the hotel blights a key corner of the Sixth Street corridor and should be turned into affordablehousing units with stores at street level." (City may use eminent domain to claim historic hotel)
Posted by socketadmin at 1:13 PM | Permalink | Comments (76) | (email story)
January 11, 2008
Bank Owned At The Beacon: 260 King #613 (And Another On Its Way)
260 King Street #613, a one-bedroom at The Beacon, is now “bank owned." It's currently on the market for $552,900 or $680 per square foot. And although tax records show an assessed value of $567,018, it would appear that the bank “bought it back” for $609,117 this past November.
At the same time, there are another four one-bedrooms at 260 King Street which are currently listed on the MLS with prices ranging from $726 to $931 a square foot. And of the two one-bedrooms listed at 250 King (which is also a Beacon address), one (250 King #410) is "subject to short sale approval" with a "motivated" seller.
∙ Listing: 260 King Street #613 (1/1) - $552,900 [MLS]
∙ Listing: 250 King Street #410 (1/1) - $625,000 [MLS]
Posted by socketadmin at 3:15 AM | Permalink | Comments (19) | (email story)
January 8, 2008
Walkthroughs At Infinity: A Chance To Share Your Impressions
From a plugged-in reader and contract holder at Infinity:
I'm an infinity buyer and recently received a call from the sales office to come in for my walkthrough...It would be great [to allow readers] to post their experiences with their particular walkthroughs: impressions, problems, surprises, etc. With a good number of responses, it could serve as a nice tool for those of us who have not yet done our walkthrough.
Great idea and consider this the community’s opportunity. An extra special thanks to any plugged-in readers who choose to forward a photo or video to share (tips@socketsite.com). And yes, off topic comments will be summarily censored deleted without apology (and we’ll provide a similar opportunity for buyers at One Rincon Hill tomorrow today).
Oh, and not to spoil the surprise for the buyer(s) of #28A, but that’s the actual view from your unit above (and let's not forget those invitations to the housewarming(s)).
∙ The Infinity: The “Official” Dates And Update (8/24/07) [SocketSite]
Posted by socketadmin at 8:05 AM | Permalink | Comments (36) | (email story)
January 7, 2008
If You’re Going To Live At The Summit, You Might As Well Live Large
What once was a two-bedroom is now a one-bedroom at The Summit (999 Green #1204).
And while the listing (which was recently reduced by $55,000) includes two proposed floor plan alterations for reclaiming the second bedroom (although at least one appears to omit a requisite closet), we’ll also note that #1205 is on the market as well.
Forget trying to reclaim that second bedroom, if you’re going to live large at The Summit, why not buy both condos and figure out a way to make them one? And at the very least, might we suggest investigating alternate fire rated glass solutions for the dining room?
It’s a crime to taint that view. (Or should we say it feels almost criminal...)
∙ Listing: 999 Green #1204 (1/2) - $2,195,000 [999Green1204.com] [MLS]
∙ Listing: 999 Green #1205 (1/1) - $1,275,000 [MLS]
Posted by socketadmin at 1:05 PM | Permalink | Comments (8) | (email story)
January 4, 2008
Going Once, Going Twice…Going Five Times At Shore|Line: 41 Federal
We didn’t bother to mention it when the list price on "penthouse" unit #42 at Shore|Line (41 Federal) was dropped from $830,000 to $813,400 this past November. But along with its fifth price reduction yesterday (from $813,400 to $797,150), comes another mention today.
To recap, over the course of the past ten months the list price for this modern condo “in the heart of South Beach” has dropped from $939,000 to $869,000 to $850,000 to $830,000 to $813,400 to $797,150. And apparently it ended up being owned by the bank (REO) along the way.
And once again, while asking 15.1% less than ten months ago might simply speak to a change in expectations, it’s the fact that it’s now listed at $52,850 (6.2%) under what was last being asked by the developer fourteen (14) months ago that just might speak to a change in the market.
∙ Listing: 41 Federal #42 (1/1.5) - $797,150 [MLS]
∙ And Now We’re Back Below Where We Started [SocketSite]
∙ And Now We’re Back Where We Started At (41 Federal) [SocketSite]
∙ Seller Motivated Drastic Price Reduction Penthouse Unit [SocketSite]
∙ Savings At Shoreline (41 Federal) [SocketSite]
Posted by socketadmin at 3:00 AM | Permalink | Comments (81) | (email story)
January 3, 2008
The (Re)Development And Design Of 1198 Fillmore And 1345 Turk
While the San Francisco Redevelopment Agency is seeking RFP’s from developers interested in restoring and repurposing the long vacant two-story brick Muni Substation at the southeast corner of Turk and Fillmore (1198 Fillmore to be exact and the big pink rectangle above), it’s actually the new David Baker + Partners designed development that's in the works next door (1345 Turk Street) that we’ve been keeping our eyes on.
The project consists of 32 affordable condominium units (1, 2, and 3 br). Buildings will be two-to-three levels of wood frame, Type V construction over a concrete Type I podium. An at-grade parking podium includes 62 spaces to accommodate residential and commercial needs. A double height lobby with a stair and elevator will serve as the main entrance to the project. Site work includes a landscaped courtyard on the podium, sidewalk planting and improvements, and landscaping along the Turk Street frontage. The project will be constructed in a single phase. Site area is approximately 0.61 acre and includes a loading area easement for the MUNI Substation Site. The Substation Site itself is not part of this project.
And for those neighboring residents who might be concerned about the preferred reuse of the Muni Substation as a music venue, don’t fret: “Because townhomes will be constructed on the east side immediately adjacent to the Muni Substation, special measures will need to be taken to provide for sound insulation that provides an aesthetic complement to the interior design scheme.”
∙ 1345 Turk Street: Conceptual Renderings [SFGov]
∙ RFP: Adaptive Restoration and Reuse of the Muni Substation Building [SFGov]
∙ City looks to jazz up historic building site [Examiner]
Posted by socketadmin at 11:22 AM | Permalink | Comments (12) | (email story)
December 27, 2007
JustQuotes: Putting On The Ritz-Carlton Residences On The Spot
"As long as you don't look up, the restoration of San Francisco's de Young Building is the architectural feel-good story of the year.
Eleven stories of ruddy sandstone and brick command the corner of Kearny and Market streets every bit as robustly as they did in 1890, when the building that then housed The Chronicle opened as the tallest tower on the West Coast. You'd never guess that for 40 years the walls were hidden behind drab metal panels with a pseudo-modern look.
Unfortunately, the story doesn't end with a dowager's face-lift. To finance the rebirth, city officials let the developer put a tower in back. And that addition is so uninspired it almost undoes the good work below." (S.F.'s restored de Young building stunning at street level)
Posted by socketadmin at 7:15 AM | Permalink | Comments (26) | (email story)
Largest, Highest, And Least Expensive (Studio) At Baycrest Towers
We don't have any insight into the relative merits of these three. But we will note that 201 Harrison #924 hit the market last week at $375,000 which makes it the least expensive ($375,000 versus $384,900 and $435,000), largest (432 versus 410 and 347 square feet), and highest floor (ninth versus third and first) studio condo currently on the market within Baycrest Towers. Or in agent speak, "Priced to sell. Motivated seller."
∙ Listing: 201 Harrison #122 (0/1) 347 sqft - $384,900 [MLS]
∙ Listing: 201 Harrison #324 (0/1) 410 sqft - $435,000 [MLS]
∙ Listing: 201 Harrison #924 (0/1) 432 sqft - $375,000 [MLS]
Posted by socketadmin at 6:45 AM | Permalink | Comments (18) | (email story)
December 26, 2007
JustQuotes: We The People Do Want Our Federal Building Views
"Even though [San Francisco's new Federal Building] at Seventh and Mission streets was designed to allow Jane and Joe Citizen to explore the lobby and an open-air "sky garden" that starts on the 11th floor, some agencies inside want to keep us out.
Yes, there's a guard at the entrance. Individual agency offices can't be entered without keys or automated codes. But at least one department isn't satisfied with the security, so it wants more.
Officials promise that We the People will have access. "One of the goals of the building is that people should be able to flow in and enjoy the public spaces," says Gene Gibson, the Pacific region spokeswoman for the General Services Administration. "We want this to happen as soon as we can."" (How's it going? Updates on Bay Area's big building projects)
∙ Morphosis: United States Federal Building [arcspace]
Posted by socketadmin at 4:30 AM | Permalink | Comments (3) | (email story)
December 17, 2007
And Yes, A Few Kinky Condos Could Hypothetically Be Coming Soon
While Kink’s window restoration project for the San Francisco Armory has been replacing boarded-up and broken windows for the first time in 30 years, and the building might actually be feeling a bit festive (rather than altogether abandoned), it’s the hypothetical "Kink condos" that seem to be getting all the attention.
“Porn producer Peter Acworth, who bought the 93-year-old Mission Armory and turned it into a porn video studio, has approached the city Planning Department with the idea of converting some of the building into kinky condos - complete with Webcams for all the world to see.”
"My discussions with the Planning Department have been extremely hypothetical to say the least," Acworth said via e-mail. "There is no firm plan for using the Armory for anything but a conventional film studio for now."
We could be wrong, but it sounds more like an inquiry into establishing live-in film studios rather than condo development per se. And while we could be wrong again, it seems as thought the corner of Mission and 14th has been getting better (rather than worse) since Kink acquired the ailing armory.
∙ Porn prince wants to build kinky condos in Armory [SFGate]
∙ From (Proposed) Condos To Kink [SocketSite]
Posted by socketadmin at 3:00 AM | Permalink | Comments (9) | (email story)
December 5, 2007
The Penthouse Of Penthouses Hits The Market At The Four Seasons
It’s not on the first floor of the San Francisco Four Seasons’ penthouses (the 38th floor equivalent). Or the second (the 39th floor equivalent), or even the third (the 40th floor equivalent). No, this is Grand Penthouse A (#GPHA) which is on the equivalent of the 41st floor and above all the others (at least in terms of height) at 765 Market Street.
It's also 4,336 square feet (including two master suites and maid’s quarters) and they’re asking $8,975,000. And yes, that’s just over $2,000 a square foot ($2,069.88 to be exact) and a pretty decent jump from the tax assessed value of $5,406,000.
∙ Listing: 765 Market Street #GPHA (4/5.5) - $8,975,000 [Janet Krahling] [MLS]
Posted by socketadmin at 3:00 AM | Permalink | Comments (18) | (email story)
November 28, 2007
Something Tells Us That “By Far” Wasn’t By Accident
Earlier this month the list price on 246 2nd Street #1306 was reduced by $20,000 and the following line was added to the property description: “Now Best Deal in SOMA: GO!” And while it doesn’t appear that anybody has “gone,” we will note that another unit on the same floor has come (on the market that is).
And while we can’t compare the views, light, finishes or layout (i.e., we haven’t been inside and there aren’t yet any pictures), we will note that 246 2nd Street #1302 is 52 square feet smaller, but is also listed for $74,100 less. And from the description: “By far, the best value in soma!” Damn neighbors bank (see UPDATE below).
UPDATE: Leave it to Dude (no, not The Dude) to note that #1302 is bank owned and “Priced $80K Below Last Sales Comp in Building!” Damn bank (and ex-neighbors) indeed.
∙ Listing: 246 2nd Street #1306 (2/2) 1,101 sqft - $919,000 [MLS]
∙ Listing: 246 2nd Street #1302 (2/2) 1,049 sqft - $844,900 [246-2nd.com]
Posted by socketadmin at 11:35 AM | Permalink | Comments (28) | (email story)
November 26, 2007
JustQuotes: Looking At SF Through Blue/Green Colored Glass(es)
"To be sure, glass-clad buildings are nothing new in San Francisco. The Hallidie Building, built at 130 Sutter St. in 1917, wears one of the world's first glass "curtain walls," in which pre-assembled panels are hung into place on a building's structural form.
But as glass-and-steel high-rises recast the skyline after World War II, overtly modern buildings sparked a backlash. The shift culminated in 1985's Downtown Plan, which decreed that new buildings should "contribute to the visual unity of the city." Another rule: "Highly reflective materials, particularly mirrored or highly reflective glass, should not be used."
The planning director at the time: Dean Macris. The planning director today: Macris, who returned to the post in 2004.
While Macris now champions contemporary design, he and Nikitas say the 1985 edict against glossy glass still applies. But the sheer number of sheer towers is causing alarm, as is the fact that the first batch hasn't lived up to planner expectations: "I can't say we've said, 'Aha, there's the perfect solution,' " Macris acknowledged."
∙ Newest towers will give S.F. skyline a touch of glass [SFGate]
∙ Testing tries to ensure that glass structures don't court disaster [SFGate]
Posted by socketadmin at 9:20 AM | Permalink | Comments (8) | (email story)
November 20, 2007
Speaking Of Stucco, Curved Bay Windows, And Fireplaces (1083 Clay)
As it was constructed in 1984 we can't be certain that the claim still holds true, but…
This five-story, eleven unit residential condominium [development at 1083 Clay Street] is the highest wood frame building in San Francisco- standing at 62 feet high. The exterior finish of the building is stucco, painted in shades of gray and off-white. Despite the high density of the neighborhood, this Nob Hill location allows the two top floors of this condominium building panoramic views of the San Francisco Bay.
The design features curved bay windows to retain the fluidity of the street facade for which San Francisco is noted. Vertically, the bay windows alternate with clerestories creating a visual scale consistent with the surrounding older buildings, while allowing an expanded floor to floor deck dimension which is stepped back to layer the facade. The bedrooms are placed toward the back of the building. On the first floor, this relationship is changed, so that the living room can focus on a small formal garden on the outside of the site. Each unit has a fireplace.
And yes, one of the eleven condos (#201) in the Donald MacDonald designed building is now on the market. And no, it’s not on one of those top two floors. But as noted, it does have a fireplace (and parking).
∙ Listing: 1083 Clay St #201 (1/1) - $589,000 [MLS]
∙ Donald MacDonald Building Projects: 1083 Clay Street [donaldmacdonaldarchitects.com]
Posted by socketadmin at 9:18 AM | Permalink | Comments (38) | (email story)
November 15, 2007
But Did He Have Special Assessment Insurance? (1101 Green Street)
Don't get us wrong, we're still fans of San Francisco's Bellaire Tower (1101 Green Street). But what happens when residents rally together for years to resist any major increases in monthly HOA dues (and investment in the building)? It's called deferred maintenance.
And now all of those residents (and any new ones) are getting hit with a significant special assessment (and according to a plugged-in tipster, a multi-year resurfacing and window replacement project) to right the wrongs. It's a good thing the Mayor still has his day job.
∙ The Mayor Is Moving On Up! [SocketSite]
Posted by socketadmin at 3:00 AM | Permalink | Comments (21) | (email story)
Another Apples To Apples Comp In The Making (1635 California #33)
Two years ago 36 new condos at 1635 California Street hit the market. And based on tax records, it appears as though unit #33 first sold for right around $780,000.
Two weeks ago 1635 California #33 hit the resale market for $795,000. And a sale at asking would represent annual market appreciation of right around one (1) percent.
∙ 1635 California Street [SocketSite]
∙ Listing: 1635 California Street #33 (2/2) - $795,000 [MLS]
Posted by socketadmin at 2:30 AM | Permalink | Comments (24) | (email story)
November 13, 2007
A Heller Manus Renovation Of 1 Ecker Place
A tipster suggests that Heller Manus might be working on a complete renovation of 1 Ecker Place in downtown San Francisco. And according to Heller Manus, it appears to be a mixed use renovation (51 units with 51,619 square feet of residential and 3,176 square feet of retail) of the four story brick building.
And other than that, we're at the mercy of the readers for the inside scoop.
∙ Heller Manus Architects Portfolio: 1 Ecker Place [hellermanus.com]
Posted by socketadmin at 3:00 AM | Permalink | Comments (14) | (email story)
November 12, 2007
You Might Not Have To Sell, But What Happens If Your Neighbor Does?
Having last changed hands on 7/28/2006 for $700,000, 950 Harrison Street #202 was listed last week for $599,000 and is advertising “Great SHORT SALE opportunity.”
At the same time, 950 Harrison Street #210 (which is smaller by 104 square feet and last changed hands on 11/22/2006 for $679,000) and 950 Harrison street #123 (which is smaller by 276 square feet and a half-bath and last changed hands on 8/28/2006 for $605,000) have both been on the market for two months (and are currently asking $705,000 and $625,000 respectively).
∙ Listing: 950 Harrison Street #202 (1/1.5) 1,120 sqft - $599,000 [MLS]
∙ Listing: 950 Harrison Street #210 (1/1.5) 1,016 sqft - $705,000 [MLS]
∙ Listing: 950 Harrison Street #123 (1/1) 844 sqft - $625,000 [MLS]
Posted by socketadmin at 9:57 AM | Permalink | Comments (6) | (email story)
October 30, 2007
That’s Not Looking Like The Vegas Pool Scene We Know (And Love)
The Comment: “the beacon pool scene on the weekend is supposedly right out of vegas. if you are a single guy, you should seriously consider living there.”
The Picture (above): The pool scene at the Beacon on a sunny (albeit mildly windy) Sunday afternoon.
The Question: Any actual Beacon pool goers care to set the record straight? We’ll thank you in advance for the plethora of plugged-in single guys (and gals) that have suddenly showed an interest in any one of the 24 active listings in the building.
∙ The Palms Finds More Inventory And A Resale Hits The Market [SocketSite]
Posted by socketadmin at 9:33 AM | Permalink | Comments (47) | (email story)
October 25, 2007
The Landmarked Nightingale House (201 Buchanan) Hits The Market
It is thought that the Nightingale House at 201 Buchanan (corner of Waller) was built for a former president of the California Pioneers (John Nightingale) in 1882. It is known that it is now San Francisco Landmark Number 47; that it is protected by a preservation easement; and that it was recently home to San Francisco Arts Commissioner and local artist Jo Hanson.
Hanson came to prominence early in the 1970's, soon after she moved into a deteriorated but stately Victorian on Buchanan Street. Once she had resuscitated the house into a landmark, she tackled its windy litter-strewn sidewalk. Her personal act of sweeping one sidewalk grew into a celebrated public art practice and citywide anti-litter campaign. Her compiled volumes of urban detritus are recognized as an artistic political tour de force that raised community awareness as it chronicled rapidly changing demographics.
And while we haven’t been inside - and the “fixer” designation and lack of interior pictures leads us to believe that it might be in need of some good old fashioned TLC - we’re sure a reader or two has (and might be willing to wax poetic on its potential).
∙ Listing: 201 Buchanan (4/3) - $1,895,000 [MLS]
∙ San Francisco Landmark 47: Nightingale House [noehill.com]
∙ San Francisco Architectural Heritage: Preserved [sfheritage.org]
∙ Women Environmental Artists Directory: Jo Hanson in memoriam [weadartists.org]
Posted by socketadmin at 7:56 AM | Permalink | Comments (16) | (email story)
October 9, 2007
Those Damn Neighbors: The Bridgeview (And Bank Owned) Edition
400 Beale #1501 has been on the market for a little over a month. Advertising the largest 2 bedroom, 2 bath floor plan at the Bridgeview and a “huge final price reduction” of $24,000 (2.4%), it’s currently listed at $975,000.
Enter 400 Beale #1201. It’s the same largest floor plan as #1501 (albeit three floors below). It’s another bank owned (REO) condo in the Bridgeview (no, not Bayview). And it’s now on the market for $825,000.
And while it appears that #1201 might be tenant occupied (which could affect the price), and those three floors do make a difference on the Bay (but not necessarily bridge) views, we're still calling it a concerning comp (but not quite a troubling trend).
∙ Listing: 400 Beale #1201 (2/2) - $825,000 [MLS]
∙ Listing: 400 Beale #1501 (2/2) - $975,000 [MLS]
∙ The SocketSite Scoop On That Short Sale In Rincon Hill [SocketSite]
Posted by socketadmin at 8:21 AM | Permalink | Comments (43) | (email story)
October 4, 2007
New Condos Behind A Historic Mural (And An Evolving Neighborhood)
A plugged-in tipster drops us a note:
I thought you may be interested in this very unique development near us in the Inner Mission. It's an old mural covered church on 24th Street between Florida and Alabama [2917 24th Street] that has housed various commercial enterprises over the years, most recently Mixed Use (now on telegraph hill). This block has been getting nicer and nicer recently (thank God).
Anyway, they've gutted it and are putting in five 3-bedroom condos and a commercial ground floor space. Each unit is different, and they've kept the original mural covered church façade. It seems pretty cool, and is a refreshing change from the usual bland hideous neighborhood unfriendly loft projects.
Interested (we were) and a refreshing change (it is) indeed.
The mural is a 1978 project of Precita Eyes. And in terms of the condos, at this point little more than floor plans are available on line.
Rest assured, however, that we’ll keep you posted and plugged-in. Or in this case, perhaps vice versa (if we're lucky).
∙ 2917 24th Street Floor Plans (and listing to be) [2917mural.com]
∙ Precita Eyes Mural Arts [precitaeyes.org]
Posted by socketadmin at 4:00 AM | Permalink | Comments (24) | (email story)
October 2, 2007
And Now We’re Back Below Where We Started
The floor plan above might look familiar as "penthouse" unit #42 at Shore|Line (41 Federal) has returned to the market. And yes, the asking price has now dropped from $939,000 to $869,000 to $850,000 to $830,000 over the course of the past seven months.
And while asking 11.6% less than seven months ago might speak to a change in expectations, it’s the fact that it’s now listed at $20,000 (2.4%) under what was last being asked by the developer eleven (11) months ago that might speak to a change in the market.
∙ Listing: 41 Federal #42 (1/1.5) - $830,000 [MLS]
∙ Seller Motivated Drastic Price Reduction Penthouse Unit [SocketSite]
∙ And Now We’re Back Where We Started At (41 Federal) [SocketSite]
∙ Savings At Shoreline (41 Federal) [SocketSite]
Posted by socketadmin at 3:00 AM | Permalink | Comments (14) | (email story)
October 1, 2007
A Book Concern Building (83 McAllister) Benchmark To Be
A studio with loft (#211) has hit the market in the condo converted Book Concern Building (83 McAllister). Originally priced by the developer at $335,000 (in 2006), it’s currently listed at $334,900.
And while it’s awfully difficult to tell by the listing photos, the studio looks to be in mostly original condition. And as an aside, we’d love to see one that has been redesigned if any budding young (or old) designers would care to share (email tips@socketsite.com).
∙ Listing: 83 McAllister #211 (0/1) - $334,900 [MLS]
∙ Book Concern Building (83 McAllister) [SocketSite]
∙ Book Concern Building (83 McAllister): Update And Pricing [SocketSite]
Posted by socketadmin at 4:15 AM | Permalink | Comments (23) | (email story)
September 20, 2007
It’s Official: Pelli Clarke Pelli/Hines Win The Transbay Competition
It’s Official, the Pelli Clarke Pelli/Hines team have won the Transbay Terminal and Tower design competition.
But even as they selected the Hines-Pelli team over two rivals, leaders of the Transbay Joint Powers Authority stressed that the proposal now on the table is a starting point, not a fait accompli.Although the authority board was unanimous today in their decision to select the Hines-Pelli team, several members said they expected the tower to eventually include both residential and commercial space. The original tower proposal included only commercial space.
And while nobody should be too surprised, some are sure to de disapointed.
∙ Skyscraper team chosen for giant Transbay Terminal project [SFGate]
∙ Transbay Terminal (And Tower) Design Competition: The Teams [SocketSite 1/07]
∙ Hines And Pelli Clarke Pelli Bid The Most (And Get The Transbay Nod) [SocketSite 9/07]
∙ The SocketSite Scoop: San Francisco’s Transbay Terminal Designs [SocketSite 8/07]
Posted by socketadmin at 1:01 PM | Permalink | Comments (23) | (email story)
September 17, 2007
JustQuotes: True Or Not, At Least It Sounds Good
"What it will mean for San Francisco to have its tallest building be the Transbay Terminal tower is a statement that our highest value is ecology," said Gabriel Metcalf, executive director of the San Francisco Planning and Urban Research Association, a local public policy think tank. "It will be this exclamation mark saying the most important location in our city is the transit center."
∙ Six years post-9/11, super skyscrapers rise from U.S. cities [SFGate]
∙ Hines And Pelli Clarke Pelli Bid The Most (And Get The Transbay Nod) [SocketSite]
Posted by socketadmin at 3:00 AM | Permalink | Comments (12) | (email story)
September 11, 2007
The SocketSite Scoop On Two In The Royal Towers (1750 Taylor)
Originally the developer’s unit, #1701 in The Royal Towers (1750 Taylor) boasts panoramic bridge to bridge (and everything in between) views, as well as the only gas range in the building (yes, it’s good to be the developer). And the 3,300 square foot three bedroom, four and one-half bath coop is now on the market for $7,000,000 (and $3,354 a month).
At the same time, and according to a seriously plugged-in tipster, another amazing unit in The Royal Towers is quietly being shopped around as well. As we wrote a little over a year ago:
Today, #1301 might have sold [listed at $6,000,000], but #1201 is still available and its price has been reduced three times for a total savings of $1,600,000 (“Great price!! Motivated seller” and now listed at $3,950,000). The way we figure it, you can buy #1201, spend a million dollars on a stunning remodel, fill the three parking spaces with a brand-new Bentley, Aston Martin, and Range Rover, and still come out ahead…
And while we might have lowballed the hypothetical remodeling budget, it looks like we weren’t the only ones with the vision.
Finally purchased for below the reduced asking price, and having undergone an expensive (think $250,000 for the lighting, sound and window shades alone) and complete (walk-in wine cellar anyone?) overhaul, rumor has it that 1750 Taylor #1201 is unofficially back on the market for...$7,000,000. And from what we hear, it is in fact stunning.
∙ Listing: 1750 Taylor #1701 (3/4.5) 3,300 sqft - $7,000,000 [MLS]
∙ Save $1,600,000 At 1750 Taylor [SocketSite]
∙ Truth In Advertising: 1750 Taylor (Royal Towers) [SocketSite]
Posted by socketadmin at 9:32 AM | Permalink | Comments (7) | (email story)
September 10, 2007
Hines And Pelli Clarke Pelli Bid The Most (And Get The Transbay Nod)
It's true, the Hines/Pelli Clarke Pelli proposal for "City Park" has won (save an uprising by the Transbay Joint Powers Authority Board, San Francisco's Board of Supervisors, or the Planning Commission) the design competition for San Francisco's new Transbay Terminal and Tower.
The winning Transbay terminal proposal by developer Hines and architect Pelli Clarke Pelli offered $350 million for the tower property, more than twice what the other two teams were willing to pay, according to the nine-person jury appointed by the Transbay Joint Powers Authority.
The astounding offer blew away the team ranked second in the competition, Richard Rogers Partnership and Forest City Enterprises, which offered $145 million for the tower land. The third-place team, Skidmore, Owings & Merrill and Rockefeller Group Development Corp., made a purchase price offer of $118 million.
As previously noted, the proposed “City Park” combines a 'complex' 5.4 acre park elevated above the transit center with a 'simple and calm' 1,200-foot glass wrapped tower housing 1.6 million square feet of commercial office space (and no residential).
∙ Jury picks Hines for Transbay tower [Business Times]
∙ Jury names favorite for Transbay terminal, tower [SFGate]
∙ Transbay Terminal (And Tower) Design Competition: The Teams [SocketSite]
∙ San Francisco’s Transbay Transit Center + Tower: More Proposal Porn [SocketSite]
∙ San Francisco’s Transbay Terminal Design Proposals: Highlights [SocketSite]
Posted by socketadmin at 6:37 PM | Permalink | Comments (48) | (email story)
The Lighthouse Lofts In General (1097 Howard), And #308 In Specific
The Lighthouse Building (1097 Howard) was built in 1924 for the San Francisco Lighthouse for the Blind Association and provided for both industrial and administrative needs.
Attempts to renovate the structure in 1982 and 1989 were abandoned and the organization merged with the Rose Resnick Foundation and relocated. The building was vacant from 1982 to 1996 when rehabilitation began for it’s present use as 22 live/work loft condominiums.
And now, one of the the most spectacular units in the building (if not neighborhood) has hit the market. Featuring 18-foot ceilings up high, and hickory and pecan hardwood floors down low; a glass enclosed shower and tub with views (in more ways that one); and 4,200 square feet of living space, unit #308 is actually a merger of three lofts into one. And yes, a merger of three monthly HOA payments ($1,137) and two parking spaces to match.
∙ Listing: 1097 Howard #308 (3/2.5) 4,207 sqft - $2,400,000 [MLS]
∙ Lighthouse Lofts (1097 Howard) [lighthouselofts.com]
Posted by socketadmin at 3:40 AM | Permalink | Comments (19) | (email story)
September 5, 2007
San Francisco’s Transbay Transit Center + Tower: More Proposal Porn
Forest City has launched a new website with a bit more video, renderings and background information on the Richard Rogers design proposal for San Francisco’s new Transbay Transit Center and Tower.
And as a plugged-in tipster notes, the complete Skidmore, Owings & Merrill (SOM) presentation along with additional animations and renderings are now available online as well. And yes, we're still looking for a similar site for the Pelli Clark Pelli proposal. Readers?
UPDATE: A nine-member panel (the “D/D Competition Jury”) is currently evaluating all three proposals and accepting public comment (as one reader notes and subtly lobbies...) through September 17th. On September 20th, a “Jury recommendation will be brought before the TJPA Board…at San Francisco City Hall at which time the Board will vote on the final proposal.” And then the fun (and lobbying) really begins.
∙ Forest City (Richard Rogers) Transbay Transit Center + Tower [Forest City]
∙ SOM: Moving San Francisco into the Future [SOM]
∙ San Francisco’s Transbay Terminal Design Proposals: Highlights [SocketSite]
Posted by socketadmin at 10:57 AM | Permalink | Comments (31) | (email story)
August 15, 2007
Another Two-Year Comp In The Making (525 Gough #203)
Listed at $899,000 three weeks ago, 525 Gough #203 first sold in June of 2005 for $849,000. A sale at the current asking would represent an average annual appreciation of 2.7% over the past two years for this contemporary condo in the Hayes Valley (with Citizen Cake across the street and Blue Bottle just down the block). Yes, it’s just one more apple. And yes, we promise to keep you posted (and plugged in).
∙ Listing: