I guess it was only a matter of time before someone decided to build a condo development with the look and feel of an Apple store. Sharing its name with an OS X utility app and saturated in white, Onyx in Potrero Hill certainly knows its buyer demographic.
I visited Onyx this week on my broker tour, and I do like the finishes and the location within the neighborhood. Onyx will ultimately house 41 one-, two- and three-bedroom condos across three stories and two buildings. (The second building will rise at the corner of 17th and Carolina, and will be completed in Fall 2015.) The two-story lobby has white porcelain flooring and “signature, ONYX stone.” You may stop momentarily to look for the Genius Bar, but the best bet is to either head up the stairs or take the elevator to the second floor to check out the available units.… Continue Reading
It’s been quite a year for developers of new construction condos and houses in San Francisco. After an economic downturn during which very few new projects were built in the city, construction lurched ahead again—particularly along the Market Street corridor, in Hayes Valley, the Mission and many other popular neighborhoods.
And oh, what a reception these new developments received! Projects such as 300 Ivy in Hayes Valley and ICON in the Castro sold out in record time, and at record prices. Buyers seemed very willing to pay a premium of $1,000-$1200/sq foot for new and shiny, particularly in transit- and retail-friendly communities. And 3500 19th Street at Valencia took advantage of the tech-buying boom and Mission mania by largely selling out all of its 17 condos with sales prices in the $1.3M-$2.3M range. … Continue Reading