Potrero Center

Rendering Reveal For New Potrero Center Mixed Use Development

Potrero Hill is one the sunniest neighborhoods in San Francisco and the center of some of the city’s most intense urban development and renewal. After selling for $111 million in 2012 to Equity One, leasing has already begun for a completely reimagined commercial heart planned for Potrero Center.

potrero_slide1
Present day Potrero Center was built in 1996 and took two years to complete

Equity One describes the new planned 227,000 square foot center, called Potrero Park (2300 16th St…the entire block on 16th between Potrero and Bryant Streets), as one of the most dynamic mixed use developments in the country, thanks to the area existing in its own zoning district. The project touts strong population demographics, excellent visibility from three major thoroughfares, and tons of free parking including convenient environmentally friendly electric car charging stations.

Screen Shot 2015-12-18 at 3.26.02 PM

A Home For The Holidays | 776 WISCONSIN STREET

Temporarily off the market for the Holidays, but not off my radar or off of my Christmas list I sent to Santa, and now I’m giving you, or anyone you know, the opportunity to shatter my dreams of owning this home. How could you not want to do that!?

Direct from the marketing piece, and onto your radar. Contact me if you’re interested.

——-

ELEVATIONhaus

Understated Luxury with Million Dollar San Francisco Skyline and Bay Views

The oversized steel and glass entry door sets the tone for the finish level you will find throughout this modern masterpiece. Once into the entry hall, you will find a wall of quartz stone, soaring high ceilings and Dwell – inspired floating staircase, grounded by handcrafted steel railings. On this level, you will find a gracious well-appointed master suite with gorgeous spa- inspired bathroom and ample closet space, as well as two other bedrooms and full bath. Upstairs, you will be greeted with floor to ceiling windows that open up to breathtaking City skyline, bay and east facing views. The open span living, dining, and kitchen areas offer incredible light throughout the day and evening. A custom designed Studio Becker Kitchen awaits the gourmets and the streamlined design aficionado’s alike. Step out to the patio for alfresco dining, or walk up to the panoramic view roof deck, finished with AZEK decking.
Downstairs, you will find a spacious Media Lounge, complete with built-in bar, wine room, and another glass and stone tile finished full bathroom. A two car garage and laundry room complete this extensively renovated home that touts great vision, design, and attention to detail.
Located on Potrero Hill, the only neighborhood in the town that you could have your windows and doors open well into the evening, and you will, in this fabulous home that takes you worlds away from the hustle of the city, but close enough to have everything at your fingertips!

• 3 Bedrooms
• 3 Full Bathrooms and Powder Room
• Media Lounge with Built-in Bar
• 2 Car s/s Parking
• Panoramic View Roof Deck
• Multi- Zone Radiant Heat
• Mechanical Skylight / Sliding Door
• Two Fireplaces
• Spacious Multi-Level Landscaped Garden and Patio
• Video Intercom System
* Complete Audio System with Built-In Ceiling Speakers with Volume Control in Every Room
* Multi Zone Nest Heating Control

Technology

Nest Heating Control
Security Alarm System
2 Intercom and Video systems
Cat 6 Wiring throughout all rooms

Plumbing/Mechanical

Radiant heated floors throughout entire house with 8 zones of comfort
On demand heater for instant domestic hot water
70 Gallon hot water Storage Tank
High End Fixtures and polished chrome fittings throughout
Wall hung toilets by Geberit with dual-flush
Handheld and held showers in each bathroom
Rain Shower in Master Bathroom

Cabinetry and Woodwork

Studio Becker custom made European Kitchen
Custom wall hung cabinetry bar in Media Lounge
5 inch solid White Oak hardwood floors throughout with Dwell inspired floating staircase
Massive Wine Cellar with wall hung racks

Kitchen

Magnificent blizzard Cesar Stone island
36 Inch Bosch Integrated Fridge
36 Inch Miele Cooktop
36 inch Miele Hood
2 Bosch Dishwashers
Bosch Double Oven with Warming Drawer
Under cabinet 56 bottle Wine Cooler

Electrical / Lighting

New Line voltage electrical throughout
Cat 6 cabling throughout all three levels of the home
Lutron Dimmers in all living areas
Environmentally friendly LED lighting
Mooie light fixtures

Structural

Concrete and steel retaining wall
3 Steel Moment Frames
1 3/4″ x 12 LVL Floor Joists
Multiple Structural Beams

Additional Features

Laundry Room
Separate side entrance to rear yard and decks
Huge Garage for 2 car side by side parking and additional parking for small car in driveway
Storage provided under entry stairs for bikes or maintenance use
Outdoor entertainment Patio and Garden with BBQ gas to rear deck
Glass walled Wine Cave
Wonderful city block with easy parking and close transit access

Architect: Jonathan Pearlman of Elevation Architects
Listed by Suzanne Gregg, Paragon Real Estate Group

Heat Map Of San Francisco Median Home Price Changes Since Previous ’06-’08 Market Peak

Who doesn’t love a good heat map? Especially us San Francisco residents caught in the grip of one brutally long fog song…
[Click image to enlarge.]
Zipcode_Appreciation-since-Peak

This heat map compares 2013 2nd quarter or 1st half median home sales prices – for houses, condos, co-ops and TICs combined – with those at the peak value time prior to the recent market recovery. Previous peak value times vary by neighborhood: typically, the least affluent neighborhoods hit peak prices in 2006 and also fell the most, percentage-wise, during the crash, falling 25% to 50%. These neighborhoods were most affected by the subprime and distressed-property sales crises. The mid-affluent neighborhoods peaked in 2007, and usually declined in value in the 20% to 25% range. And the most affluent areas reached peak values last, in the first half of 2008 prior to the September 2008 crash: Their fall in value ranged approximately 15% to 20% from 2008 peak to 2010-2011 nadir.

Generally speaking, when the market began to turn around in late 2011/early 2012, the last neighborhoods to fall were the first to recover, followed by the mid-affluent and then the less affluent areas.

Mission District “Is Our Backyard”-Says Potrero Hill

[Image Source]

Every so often older posts get comments that are so good, I just can’t pass up posting them right front and center on the home page. This one came in on an old post we did about La Mission District and just how cool it is.

Sorry Mission District, according to this Potrero Hill reader you’re nothing more than their “backyard”.

Potrero Hill is SF’s best neighborhood TO LIVE IN for these reasons:

1) VIEWS – don’t have one? Step outside, you get one every time you head towards any of the other neighborhoods or just to get a cup of Farley’s coffee. Can’t do that? Watch a commercial or movie, it’s likely it includes a scene shot from here.

2) PARKING – every one of the other neighborhoods has you looking and wishing you could drink and drive while looking.

3) SUNSHINE – if we don’t have it, neither do you. If we do, you probably don’t.

4) PROXIMITY – 280, 101, 80 and trains and the #10 make getting up and down the peninsula or to the East Bay, or to the beach or along the Embarcadero or FiDi or the ballpark a snap. Bernal, Bayview, Glen Park, Mission, Noe, Castro, Soma – are all neighbors, in fact La Mission is our backyard. Every thing else is really minutes ‘cept for the Golden Gate Bridge or Golden Gate Park which really is meant for a lovely drive anyway.

5) COMMUNITY – it’s tight and effective and gets more and more inclusive vs. many of the other conformist, hands-off-the-merchandise ‘hoods. This means childless hipsters, muralist breeders, biogeneticists, game designers, street soldiers, old-timers, turistas, baristas and anything with paws come together for the Good Life. And it’s small enough that everyone knows your name, “my friend”.

Touché!

San Francisco’s Coolest Neighborhood…La Mission, Hands Down [theFrontSteps]

When you look at this chart/map, what do you see?

I feel like this is a bit of a litmus test.

I was on another blog and a poster actually used this map to back up a point made about neighborhoods north of California st. showing signs of weakness. I was like, huh? This map? Aren’t all the areas north of California YELLOW? (Yellow shows appreciation.)

It isn’t the greatest map/chart/whatever ever. It shows Noe Valley like half green and half yellow. I think most of us are pretty sure Noe hasn’t slid. It shows the north part of Potrero Hill as green. It shows all of SOMA as a chunk of green and I think we can all agree SOMA varies wildly. And the Inner Richmond has fallen? That would be a surprise to everyone working at any brokerage in town, in any capacity.

So, not the best. It needs more variegation certainly. But it sort of just goes to show where we are right now. We who are the buyers, sellers, agents, brokers, fence sitters, you name it. We who post on blogs about real estate. We’ve all come to think that the glass is not full. What does this chart tell you about the the status of said glass?

You’ll notice I didn’t get into who they quote, what they actually say in the article versus what’s happening here in the city, etc. You can get into that if you want. But what do you see in that graphic? I’m curious.

— fluj a k a kenneth kohlmyer

Price it (real, real) low, and away we go …..(251 Arkansas)

I knew this one would go superfast. You have to wonder if it wouldn’t have gone almost as fast if it were priced at 850K, tho. Anyway, anyone else see this property? It got into contract instantly.

A two car garage, north slope Potrero Hill, with a 25 X 100 foot lot, for 679? Simply fax your offer to the 678 area code? Well somebody didn’t mess around. Still tho — this is some 2006 type stuff right here!

Property Details, 251 Arkansas [sfnewsletter listing detail page]

— Kenneth Kohlmyer a k a der fluj

888 7th Street, 85% sold and looking for your $399,000

According to more Realtor Spam (it’s really getting out of control, but some of it is useful):

888 7th Street

Just a reminder, we are about 85% sold at our new building at 888 7th Street in the Showplace Square/lower Potrero area. We have a limited number of junior one bedrooms homes available starting at $399,000. We have a limited number of one bedroom homes available starting at $499,000. These are great prices and great deals for first time home buyers.

Website

More on 888 7th Street [theFrontSteps]

Weekly Fluj: “I don’t know that they’re trippin’ either!” (2145 18th Street @ Kansas)

As stated numerous times, we can’t do all of this without you, and appreciate your tips, suggestions, and rants, so keep them coming. One person who is particularly helpful and deserving of praise is our friend the Fluj, who this week sends us this:

To my mind, the western portion of North Slope Potrero has not seen anything like this. It’s very far out in front of the curve, but I don’t know that they’re trippin’ either!

Perhaps the marketing remarks can shed some light as to whether they’re “trippin!”:

This spectacular remodeled view home has 3 levels of living w/3 bd, 2 ba all on upper level (toto dual flush toilets). The main level has an open floor plan-great for entertaining. It consists of lr (w/frplc), dr, kit w/GE monogram 42′ fridge, Thermador oven & micro, Viking 6 burner cook top, Bosch dw, great rm overlooking rear gar & powder rm. Lower level has office & media rm wired for surround sound. Systems, roofs, windows, flooring, walls were all replaced in 2008. 2 decks, garden & garage.

“Toto toilet”, is not to be confused with this Toto (even though the cross street is @ Kansas), rather is more like this Toto.

On that note, if you close your eyes and tap your heels long enough, red glass slipper optional (this is San Francisco after all), you too can someday have a $2,145,000 home in Potrero Hill. Tap them longer and maybe that price will come down a tad.

2145 18th Street [MLS]

Weekly Fluj: Inventory, is there a lot of it?

Lots of people yapping on and on about how San Francisco listing inventory is through the roof, sales volume is in the toilet, and both median and average home prices have plummeted, but the Fluj says:

Seemingly the perception is that there is a lot of inventory, but is there, really? And as for prices, come on now!

Discuss, debate, have fun.

…and kicking it off, we’ll go ahead and show you Fluj’s first comment in the thread to get you going:

Right, so, “Inventory.”

Seemingly the conventional wisdom is that there is a lot of it. Why the disparity between what buyers in the field are actually excperiencing and the media/blogs then?

I did a search for available properties. I used a metric that I believe to be extremely common for San Franciscans. This is a search for a couple or a small family who hope to buy something with room to grow into.

The parameters are: 750K to $1.205M, 3 brs, 2 bas, 1 car parking. I limited the search zones to only generally safe(r) areas. Essentially I included everthing except Ingleside, Ingleside Heights, and Oceanview, all of 9 save Bernal and Potrero Hill, and all of 10.

I turned up 82 properties.

1. Of the 8 Richmond properties, only one was east of Funston, and it is a cosmetic fixer on 7th Ave for 899K. (On the market for 7 days, offers Tuesday, you best to hurry if interested IMO)

2. Twenty-seven are in the central or outer Sunset.

3. For areas 3, the Arch st. listing appears to be a nice little Merced Heights home for 559 a foot. Many searchers will not entertain areas 3.

4. For areas 4, if they are not on a very busy street or a fixer, only Forest Knoll, and Miraloma Park areas 4-D and 4-H have properties for 550-600 a foot. Like 3, many buyers will not entertain areas 4 as it is not particularly central.

5. Surprisingly, for areas 5, there are only two Glen Park listings. In Noe, there is only 4120 22nd, a permitted fixer in need of at least 600K in capital. In Ashbury Terrace, only one cosmetic fixer I know to have received two offers already. And there is one large fixer property up on Grand View — and it doesn’t have any views.

6. There was nothing in 6. This was surprising.

7-8. Nothing here. Not surprising.

9. Eleven are in Bernal Heights and will not appear in the search perameters of many groups. Two in Potrero Hill. The Wisconsin listing is a total fixer on a corner with very little southern exposure and an entrenched tenant. The Rhode Island property at $1.195M and 663 a foot appears to be a decent deal for North Slope.

So is that a lot of inventory? I really don’t think it is.