Tag Archives: Millennium Tower

Millennium Tower, San Francisco California, “Top 10 Residential Buildings In The World”

There’s been a lot said from yours truly about Millennium Tower in the past. I’ve watched her grow and shared my stories and photos with all of you over the years. Millennium Tower was erected, sold like hotcakes during the pre 2009 boom, sold not like hotcakes during the bust…but she’s back, and buyers are gobbling up her remaining inventory at breakneck speed.

Recently named as one of the Top Ten Residential Buildings In The World by Worth Magazine, and featured in the Wall Street Journal in an article about Penthouse (not the magazine…the top floor residence) owner Tom Perkins (of Silicon Valley Fame), Millennium Tower sits alongside locations like One Hyde Park in London, Linked Hybrid in Beijing, and One57 in New York as an address many of the who’s who of big money and luxury proudly call home (or second home). Not impressed with that lineup?

Some other noteworthy residents rumored to have roamed the Club Level Amenity floor: Carmen Policy (San Francisco 49ers); Joe Montana (San Francisco 49ers); Peter Thiel (PayPal Co-founder); Russell Coutts (America’s Cup Skipper – legend in Sailing), and that’s just to name a few…

One bedroom units are completely sold out (from the sales office, you can occasionally grab a resale), 85% of the entire inventory has been sold, and your entry level price point is going to be around $1,600,000, but you gotta trust me when I say, you definitely get what you pay for (except deeded parking…in some cases, but that’s a different story).

The building is swank, debonair, and delightful in every sense of the word, and it’s certainly an address in San Francisco you can be proud of owning.

-Top Ten Residential Buildings In The World [Worth Magazine]
-A Penthouse Fit For A King [Wall Street Journal]
-All things Millennium Tower [theFrontSteps]
-Contact me if you’d like a private tour of any of the residences [alexclark@gmail.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).

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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.]

Millennium Tower San Francisco Now 15% More Affordable

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If you’ve been waiting to purchase one of the units in the Millennium Tower, your patience has been rewarded. Not only are they offering their available units at 15% less, but they’re extending that refund to those already in contract. Such love…

That means if you were previously looking at $2M units, you can now look at units they had priced at $2.3M, or if your unit was $2M, it is now $1.7M. Get into the higher floored units and your previous $3.5M pad, is now only going to set you back $2.9M, or now you can look at units that were previously priced at $4+M. It is a great time to be a buyer, isn’t it?

Set to open in April, Millennium Tower is one of our favorite new developments. We’ll be taking another visit down to the sales office to get more details soon, so like the Infinity, if you have questions, now is the time to ask, so that we can get them answered.

Again, if you’d like your questions or comments read in confidence, or if you’d like to schedule a tour or hear our insight, please email thefrontsteps@gmail.com.

Millennium Tower, San Francisco: A walkthrough, a few photos, a little scoop, and my opinion

For those of you that read this San Francisco real estate blog on a regular basis, you’ll know I’ve been watching the progress of many of the new developments around town. One of my favorites happens to be Millennium Tower (301 Mission). Not because I’ve sold many units there, but because it truly stands out (and above) from the others.

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(Yes, that is the Infinity you see way down there, and this shot is only from the 26th floor.)

Don’t get me wrong, I love the other new developments (towers) as well, and I’d love to show any of you around all of the buildings, because they all have their attractions, but Millennium Tower just seems to have that vibe. That…je ne sais quoi…It seems like it will have the same high end/high net worth residents (at least one penthouse in contract at +$10 million and….damn I want to tell you more, but promised not to) as those in the St. Regis, but twice as many amenities at half the dues…not to mention a Michael Minna restaurant. The Infinity feels much more Hard Rock Hotel meets San Francisco (not a bad thing at all), and One Rincon Hill with the dazzling views, just doesn’t have the location (trust me, I’ve had several clients turn away from the location) to put it in the same class as St. Regis and Millennium Tower, not to mention the uncertainty of Tower Two.

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I must say I am a bit disappointed with the ranges, and islands in the kitchens at the Millennium, and that some units don’t have deeded parking, but those are easy enough to remedy. The building is solid, and the finishes are very high end. The views are extraordinary, the location is getting better, and the amenities are through the roof. The units are still selling very quickly and many owners losing their money in the stock market have bought multiple units here, so all signs still point to a successful development by Millennium Partners, and I can’t wait until they start moving people in.

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(Penthouse terrace views.)

There are still some very choice units available at the Millennium and several at many other developments around town. I haven’t heard of any negotiations or price incentives at Millennium Tower, but I know some of the other developments around town have been offering them up, and the “off market” trading that is going on at many of them is nothing short of extraordinary.

I have more photos, and a lot more details, but you’ll have to contact me if you’d like to learn more.

We talked fast cars, now we’re talking VB, who’s listening?

Back in November, we advised Luxury High Rise Condo/hotel developers… to take note about a new car club in town and apparently One Rincon Hill did, with the addition of DRIV into their “One Club”.

“Your One Rincon Membership grants you 75 points and 900 miles (up to 11 reservation days) which are debited for each vehicle outing, giving you autonomy based on your personal preferences.”

You also get vehicle delivery to the One Rincon Hill property!

Yes, we know, the Fairmont Heritage Place at Ghirardelli Square beat them to the punch, but One Rincon Hill is the first High Rise to get the hint. We hope Millennium Tower is next, especially with the little parking situation they have there. Now if any of these developments would just start stocking residents’ refrigerators with Victoria Bitter on move in day, we’d all be a lot better off, hopefully be invited to a few house warmings, and be able to inform Ghirardelli Square that they’re setting a few trends other than chocolate. (In case you didn’t know Cellar 360 at Ghirardelli square is apparently the first place in the city to sell Victoria Bitter…yes, slabs!…and they’re f*cking good mate!)

-Inside the Fairmont Heritage Place Ghirardelli Square [theFrontSteps]

-Luxury High Rise Condo/hotel developers… take note [theFrontSteps]

-One Rincon Hill’s Driv page [clubdriv.com]

-“One Club”

-Millennium Tower [theFrontSteps]

Millennium Tower: A “First Look” inside

If you’ve kept up with this site, you should be getting a grasp of what’s happening with Millennium Tower. Sales have been brisk, construction is moving along, the views are incredible, and now the inside:

Anyone fancy a bath (insert British accent here).

Very nice finishes.

Views from a corner 1 bedroom unit.

Of course we have more photos! But that’s all you get right now. If you can’t wait, or have more questions, you know what to do.

-All things Millennium Tower [theFrontSteps]

Millennium Tower, Topping off again (we’re talking mid-rise)

Again, we posted this on the new .org and we’re ironing out the kinks. There are soooo many more ways to get involved than this typical top down (we post, you comment) structure of the blog here. There is a forum, each member can have their own blog, you can upload photos, files, video, and do so much more. It’s intense. But if you insist on reading your tFS porn here, this is an example of what you’re missing there:

Yes, we said it…topping off, and you’re probably wondering, “What the heck (f-bombs okay too) are they talking about? Millennium Tower topped off a long time ago. Right you are, but we’re talking about the mid-rise building.

Floorplan (pdf)

There are only 53 of these units total, we’re told they’re “selling well”, and we can’t figure out why they haven’t sold out (hold your cooling market comments). These are very large, open, high ceilinged units that (in our opinion) offer something unique from the rest of the developments in town. We heart all the new devs, but there is something about these units in particular that caught our eye.

If you happen to be browsing their website, plan on ~$1000/square foot for these units (if memory serves correctly), and go for the corners, they’re sweet!

Millennium Tower: Dem some views, eh?

Since we’re on the subject of Millennium Tower, and their apparent record price per square foot, we thought we’d share some more good stuff.

We know, we know… you’ve seen the daytime views from the top of Millennium Tower in the papers, on other blogs, and everywhere else in between, but we all know the true partyers come out at night. Right?

Views towards Berkeley/Oakland (East)

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Views towards Marin (Northwest)

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Views towards San Jose (South/Southeast)

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You can rest assured those views are from, or close to, the top.

Cocktails!!!!