Tag Archives: luxury high rise

Lumina: Luxury High Rise Living In Downtown San Francisco – The Inside Scoop

luminasf
[Update: I can get you in to the sales center, guaranteed, just contact me using the form below.]

Designed by world-renowned Bernardo Fort-Brescia of Arquitectonica, in collaboration with Heller Manus, LUMINA is a 656-unit condominium development, soaring above the San Francisco Bay, striving for LEED Silver Certification. It is located at 201 Folsom Street on the south side between Main and Beale Streets, two blocks from the Embarcadero waterfront. Currently under construction, the project will consist of two towers of 42 and 37 stories, and two mid-rise plaza buildings of eight stories each (perhaps you’ve seen a couple cranes and a few construction workers down that way?)

Each new home will include first-class features and finishes, and common area amenities will do nothing short of blowing your socks off. Floor plans, which are now up on their site, include studio, one bedroom, one bedroom plus den, two bedroom, to three-bedroom layouts, averaging 1,200 square feet. [Note: that is average…studios start around 1200 square feet.] Of course there will be penthouses too, but they’re holding those cards close to their chest (get on my radar screen if you want to be notified of penthouse units). Many units will offer breathtaking views of San Francisco Bay and the city, and floor-to-ceiling glass windows.

Pricing (Phase 1):
-Studios: approximately 650 square feet, from $695,000 to $825,000
-1BR: approximately 850 to 870 square feet (Tower) and approximately 880 to 1100 square feet (Plaza), from $865,000 to $1,150,000,
-1BR + Den: from $865,000 to $1,160,000
-2BR: approximately 1170 to 1570 square feet (Tower) and approximately 1400 to 1500 square feet (Plaza), from $1,225,000 to $2,295,000
-3BR: approximately 1790 to 2670 square feet (both Tower & Plaza buildings), from $2,350,000 to $5,350,000

Currently no offers are being accepted, but will be considered starting Monday 9/29/14 by noon thru Friday 10/3/14. There are currently ONLY 52 units on offer in ONLY two of the buildings (as stated). After this release, they expect a much larger release of units in the second phase, and pricing will not be the same.

Units available in this release are in the Plaza A (mid rise building) on the 4th Floor, and Tower D (shorter of two towers) on floors 7,12,18,23,30…that’s it. Occupancy projected for late 2015 and 2016 respectively.

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Residences will feature: Gaggenau™ ovens and cooktops; Bosch™ refrigerators and dishwashers with integrated paneling; Premium Caesarstone® quartz countertops and backslashes; Custom SieMatic cabinetry with aluminum recessed channel pulls; SieMatic vanity cabinets with Volakas marble countertops; European porcelain tile on bathroom floors and shower walls; Expansive glass curtain wall with balconies/patios in select units; NEST® Learning Thermostats, and views, views views (unless you buy in lower level units, which are totally awesome too.)

Microwave ovens do not come standard, nor do Hardwood Floors. Those are upgrades. Floors will set you back about $10-20,000.

Parking is included with EVERY unit. That said, you are not allowed to park your car, you must use valet (oh the horrors!). If you decide you don’t want parking, you can ask for $10,000 knocked off your sales price, or perhaps roll it into HW floors?

Before I get into the amenities, here are a few more things I’ve learned from my research:
-Homeowners Association (HOA) fees will be in the ballpark of $1000/mo, and calculated based on the size of your unit. Smaller unit = lower HOAs. Larger Unit = Higher HOAs.
-The first phase of sales will be limited to around 75 units, and only in two of the four buildings, the mid-rise (Plaza), and shorter high-rise.
-Sorry, no Penthouses will be released yet.
-Closing for this phase are currently scheduled for 2015 and 2016
-A second release of homes is planned for November.
-Prices will most likely increase for each release.
-Parking is gonna set you back about $10,000, but apparently that $10k will be credited back to you and your purchase price (still fuzzy on this).
-It’s hard as hell to get an appointment to the sales center, but my clients are guaranteed to get in, so register with me below, and we’ll make it happen. [You must be prepared to show pre-approval/proof of funds prior to meeting, and must not be represented by an agent.]

So what about those amenities, which literally consume about an acre of land?

ROOFTOP TERRACE
An expansive ±10,500-square-foot rooftop oasis with outdoor dining areas, barbecues, fire pits, vegetable gardens, and an outdoor movie lawn where you can sit back and enjoy the latest films or timeless classics projected on an expansive wall under the stars.

CLUB LOUNGE
An impressive club lounge features a marble-wrapped fireplace and backlit bar, and is furnished with rich wood paneling and stone flooring.

PRIVATE DINING ROOM
For an intimate or grand-scale gathering, the elevated Private Dining Room affords the most refined living and dining space for entertaining your guests. The Private Dining Room opens to a breezy outdoor terrace, features a chef-quality show kitchen for cooking demonstrations, fully equipped back-of-house prep kitchen, and stone-clad fireplace.

SCREENING ROOM
For a relaxed film viewing, the beautifully designed private screening room with sophisticated wall paneling and dimmed sconces features comfortable, upholstered tiered theatre seating for 30, a large projection screen, and surround sound.

LIBRARY LOUNGE
For intimate social gatherings or a peaceful escape, the welcoming private lounge is conveniently outfitted with Wi-Fi access, and still welcomes hard and paper back books.

CHILDREN’S ROOM (Don’t worry, you won’t be alone.)
Ideal for children’s birthday parties or just playful afternoons, the colorful and engaging space, complete with a chalkboard and an interactive wall, is thoughtfully designed for hours of enriching entertainment.

PET GROOMING STATION
To conveniently care for your pets, the grooming station features a full wash basin and raised platform for easy accessibility.

FITNESS CENTER (Get your sweat on.)
The massive ±7,000-square-foot fitness center designed by renowned gym designer, Jay Wright, is fully equipped with both yoga and high impact aerobic studios, the only residential 20-foot rock climbing wall in San Francisco, and cardio and strength equipment to keep you in shape for the myriad of outdoor activities the Bay Area has to offer.

POOL ($100 to the first person to share their selfie canon-ball with us.)
Enjoy a refreshing dip in the 75-foot heated lap pool, beautifully sun-lit by a two-story skylight from above.

SPA
A transcendent experience awaits in the ±2,000-square-foot spa where a private treatment room, day lockers, steam room, dry sauna and men’s and women’s changing rooms are perfectly suited for a fully immersive experience.

MUSIC PRACTICE ROOM (So you don’t have to annoy your neighbors.)
For residents who have a true passion for music, the professional-quality practice room provides the perfect sound isolation and environment to spend hours honing your craft.

That ought to get you started, so take a minute to fill out the form below, or shoot me an email (alexclark@gmail.com), phone call/text (415-254-5351), and don’t miss out on this one of a kind opportunity in this one of a kind city we all love to call home.

Remember: It’s hard as hell to get an appointment to the sales center, but my clients are guaranteed to get in, so register with me below, and we’ll make it happen. [You must be prepared to show pre-approval/proof of funds prior to meeting, and must not be represented by an agent.]

San Francisco New Developments And Luxury High Rise Condominiums

A Look At Some New Developments Popping Up Around Town

San Francisco median home sales prices have increased dramatically since 2012. Beginning from a low-$600k with an average price per sqft of mid-$500, and then accelerating in the first half of 2013 close to $800k with an average price of mid-$600 per sq ft, to almost $1M mediam home sales price and $800+ per sq ft currently. To say San Francisco and the Bay Area are in the midst of a very dramatic recovery would be considered a very large understatement.

Thankfully, new development is soaring once again, generally in the form of large new condo projects (many of which have already sold out), so if you’re deciding whether to buy a new condo, and paying $1000+ per sq ft for brand new everything, here is a list of the hot new developments that are changing various districts of San Francisco.

The highly anticipated Amero, in Cow Hollow, has 27 Units. Sadly, they’re all sold out before construction completes in Q4 of this year.

amero amerosf.com
But there are other developments which still have available units:

Vida
vida
In the Mission district, Vida has 114 Units, and opened earlier this year, with about 25% sold. Featuring 1 to 2-bedroom units, up to 1,138 sq ft.
vidasf.com

Fifteen Fifteen
1515Also in the Mission, Fifteen Fifteen is a 32-unit building that might have one or two units left. Features studio to 2-bedroom, up to 1,100 sq ft.
1515 street

Toward Mission Dolores neighborhood, there is 35 Dolores, a 33-unit building with an estimated opening in Q3:
35-dolores

8 Octavia
8octavia
Located in the vibrant Hayes Valley, 8 Octavia features hi-tech ammenities including Nest for temperature control, building is wired with high speed internet, and remote doorman service. This is one of the few buildings that has multi-floor penthouses with trendy concrete ceilings. 1 to 3-bedroom penthouse, totaling 40 units. Estimated Opening: Q4
Last time I visited they had only a couple units left, so don’t delay.
8octavia.com

1645 Pacifc
1645_pacific
In Pacific Heights, 39 Units (12 sold). With Estimated Opening in Q4 this year, this building offers junior 1 bedroom to 2 bedroom, up to 1,877 sq ft.
1645 pacific.com

A few blocks south, we have 1450 Franklin, a 67-unit building with estimated opening in Q4:
1450 Franklin

The major developments are all in District 9, which includes Potrero Hill, SOMA, Mission Bay, and Dogpatch.

Onyx
onyx 
Located in the sunny Potrero Hill, Onyx is just steps from an array of cafes, restaurants, galleries, and nightlife. Opened in Spring this year, it is almost sold out. 1 to 2-bedroom, totaling 20 units.
www.onyxsf.com

Arden by BOSA
arden
Built by the developer behind the Madrone and Radiance, Arden is a luxury Condominium by Mission Creek. Some of its perks are the stylish interior design, minutes from the Mission Creek Park, dog park, and downtown. 1 to 3-bedroom, up to 2,300 sq ft. Total units: 263, and already 100 sold
ardenbybosa.com

Lumina and Park 181
lumina
Built by the developer behind the highly successful and iconic Infinity, Lumina (656 units) is one of the new constructions that will be changing SOMA along with Park 181, which is designed by famed architect Heller Manus, the same architect behind Infinity.
park181
Park 181 (67 units) is an ultra luxurious new development that offers great views, as well as many luxury amenities. They are both located right by the new Transbay Terminal and minutes from the Ferry building. 1 to 3-bedroom. Estimated Opening: Q3-Q4
luminasf.com/
park181sf.com/

72 Townsend
72townsend
Adjacent to the historic Condominium conversion at 88 Townsend, 72 Townsend is coming in 2015 and features 1 to 3-bedroom, up to 2,800 sq ft, totaling 74 units. 1:1 parking ratio.

870 Harrison
870harriso
Located in SOMA, Coming in Q4.
870-harrison-street

Millwheel North
millwheel_north
In the already up-and-came Dogpatch, Millwheel North is a two-building condominium project connected via a shared landscaped courtyard. Located across from Progress Park, its perks include proximity to Caltrain and everything that Dogpatch has to offer, including the Pier 70 redevelopment that is scheduled to kick off this summer. 1 to 3-bedrooms, up to 1,710 sq ft, totaling 39 Units. Estimated opening in Q3
millwheelsf.com

That ought to get you started and help you zero in on some of the new developments popping up around town. But these things sell fast (so fast, that our numbers might already be off), so it’s best to have someone on your side. Give us a shout and we’ll get you dialed. If you, or anybody you know, has interest in any of these units, contact us for pricing, more details, and to get you in the door. (Developers and sales offices hold these details close to their chest.)

San Francisco Condominium Prices Increase 19% YOY

Below, and attached, you will find the recent condominium sales report from the Mark Company, one of the leaders in new development sales in San Francisco. They have a keen eye on all things new construction, high rise, and luxury that is popping up around town, and they are behind many of the sales offices you might be visiting. To say they know the high rise market in San Francisco would be an understatement. They are truly the front lines, so have a look.

APRIL 2014 SAN FRANCISCO CONDOMINIUM PRICES INCREASE 19 PERCENT OVER PREVIOUS YEAR
The Mark Company Trend Sheet Tracks New Construction and Resale Market Trends

San Francisco – May 19, 2014 – San Francisco condominium prices rose 19 percent in April 2014 over the previous year, according to the Condominium Pricing Index released today.

The Mark Company Condominium Pricing Index for April was $1,115 per square foot, which is up 8 percent from March. New construction inventory was 45 percent lower than a year ago, and down 1 percent from the previous month with only 136 units now available.

‘The Condominium Pricing Index underwent by far its largest single month gain this year, building on an already strong market in San Francisco caused by low inventory and extremely strong demand,’ notes Erin Kennelly, senior director of research, The Mark Company. ‘However, a surge of new condominium projects scheduled to come online this year may indicate an easing of the city’s inventory crunch.’

The Condominium Pricing Index, part of the firm’s monthly Trend Sheet, represents the price per square foot of a new 10th floor, 1,000-square-foot condominium. It is based on recent sales data, and uses a proprietary quantitative method to measure trends in market demand. It tracks the value of a new construction condominium without the volatility of inventory changes.

The Mark Company Penthouse Pricing Index, which applies the same methodology to a new 30th floor, 2,000-square-foot condominium, was $1,915 per square foot in April, up 19 percent year over year.

The condominium price per square foot was $927 for resales, up 7 percent from March 2014 and up 19 percent year over year, according to The Mark Company Trend Sheet for San Francisco. In addition, there were 307 condominium resales in San Francisco in April, 259 active condominium listings representing less than one month of inventory, and 155 pending condominium listings.”
markcotrendsheet

With what little inventory there is all across the city, versus what incredible demand remains, these numbers should come as no surprise.

As always, I’m here to help if you have any questions, or would like to buy or sell in any luxury high rise tower in San Francisco.

-The Mark Company Trend Sheet (pdf)

Tasty Views, Cool Beers, And Designer Living, 600 Feet Above Ground At One Rincon Hill

Sometimes you just need a little real estate photo porn to get you through your day. Below are some images from One Rincon Hill (for those wondering, One Rincon Hill is the gigantic tower…some would say phallic symbol… that kisses the west end of the Bay Bridge off/on ramps), which were recently provided to us from the Design Above All Event (something we HIGHLY…no pun intended…recommend you go experience) that is currently taking place on top of the San Francisco skyline (~600 feet up to be more precise).

The views are incredible and the two & three-bedroom condominium homes (ranging in size from 1880-1957 square feet, and price of $3.1 and $3.6 million), which were designed by Carver+Schicketanz, of Carmel; Eugene Anthony and Associates, Ltd., of San Francisco; Labexperiment, also of San Francisco; and Donald Joseph Inc., of Sacramento, are quite nice, to say the least.

To see what the building looked like before, have a look at our photos from the topping off ceremony, but don’t forget to have a look at the photos below.

Living Room Design by Carver+Schicketanz or Carmel, California:
DAA_Carver+Schicketanz_LivingRoom1

Unit 5301 Living Room Design by Labexperiment of San Francisco:
DAA_labexperiment_5301_living1

Unit 5302 Family Room by Eugene Anthony and Associates, Ltd., San Francisco:
DAA_EugeneAnthony_5302_familyrm1

Unit 5304 Living Room by Donald Joseph Inc., Sacramento, California:
DAA_DonaldJoseph_5304_living1

Unit 5904 Living Room by theFrontSteps red tape ducking photog dawg prior to completion of the building (notice the Bay Bridge in the background), and post sucking back a tasty lager:
photodawg

Unit 5904 Views captured by the photog dawg and his cohort that night! (That’s Millennium Tower in the foreground, not yet topped off.)
orh5904view

Beers on the balcony too…the balcony that didn’t have a railing (blurry image suggests shaking in fear of falling 600 feet to our death like idiots!):
orh5904balconyview

And the elevator we took back down…duh! Obviously not that night!

———–
“Design Above All,” inspiration for luxury high-rise living 2009, is open to the public Tuesdays and Thursdays, 11 a.m. – 3 p.m., and Saturdays 11 a.m. – 5 p.m. through Nov. 1, at One Rincon Hill, 425 First St., San Francisco. Tickets are available at the door or online at www.sfdesigncenter.com. Admission is $20 (includes valet parking) and benefits three local charities: PAWS (www.pawssf.org), Food Runners (www.foodrunners.org) and At the Crossroads (www.atthecrossroads.org). Group rates available and must be arranged in advance. For more information, call (415) 490-5820 or visit www.sfdesigncenter.com

Both Millennium Tower’s Grand Penthomes Are Sold, Thanks To A Yacht

In news of the top of the world today, we’ve been told both Grand Penthouse Residents on top of Millennium Tower have now been sold (ink is dry, it’s a done deal).

gphagphb

Grand Penthouse A (GPHA), which is on the Northwest corner of the building with a nice big patio, closed escrow recently (somewhere around $10 Million), oddly coinciding with the recent rumored sale of the Maltese Falcon, so if you’re wondering who could potentially be living, or at least claiming their slice of pie in the sky up there, that’s a pretty darn good hint.

Grand Penthouse B (GPHB), which is on the South East corner and also has a large patio (better in our opinion because there is sun and less wind), was sold a bit before A (somewhere around $9 million…Update from reader “rich”: “Tax records show a $8,100,000 for GPHB!! What a steal”), and naturally there is a story here. It was told to us that the ultimate buyer of GPHA was actually in contract on GPHB and waiting for the first buyer of GPHA to fall out of escrow, and for a little teeny weeny yacht to sell, which all apparently happened (some guys have all the luck, eh?) And being swift like a Falcon, the buyer, and his agent (Katy Dinner) swooped in and landed themselves in the $10 million shell on top of the San Francisco Skyline. Furniture, walls, and appliances will cost extra, but for those who need to pump their ego, what better place to lay down a fist on the table and claim your dominance than the top of Millennium Tower.

So there you have it, both Grand Penthomes at the Millennium Tower have been sold (as a reminder, they are empty shells yet to be built out), and there were more than a handful of interested parties.

Life is pretty good at the top, isn’t it? Gotta wonder how that Penthouse at the St. Regis feels about that.

We’ll bring fresh lime margaritas to the house warming, and gladly launch a paper Falcon from the balcony and watch it drift down to the peasants below.

[Update: For a little profile on the buyer of GPHA that we can now share, since the cat is so far out of the bag, check our follow up post by clicking here.]