Category Archives: New Developments

The Scoop on South Beach’s 72 Townsend

The Scoop on South Beach’s 72 Townsend

I took my clients on a hard hat tour last weekend of South Beach’s newest condo development, 72 Townsend. Boasting a prime neighborhood location and city/water views from many of the balconies, 72 Townsend is currently under construction with no actual finished units just yet.

The building sits at the corner of Townsend and Colin P. Kelly Jr. Street, and the lobby entrance will be on Colin P. Kelly Jr. It was formerly a historic grain warehouse that survived the 1906 earthquake, and part of the original facade remains. There will be about 5,000 square feet of commercial space on the ground level.

72 Townsend is a block from the Embarcadero, two blocks to the Giants’ ballpark, and many restaurants, cafes and major San Francisco employers are scattered within easy walking distance. Caltrain is a few blocks west on Townsend, and the 280 entrance is also a quick drive away. The bottom line is that this is a great location for buyers looking for a modern home with all the conveniences.Continue Reading

What’s Happening in the San Francisco Market?

I was interviewed for a story last week that will be running in Yahoo! Homes. They’ve been noticing some crazy, million-dollar-over-asking sales in San Francisco, and were looking for some idea about why this is happening—and what’s going on with our market in general.

Here’s the upshot: It’s all about tech and foreign money.Continue Reading

Summit 800 Takes Buyers To New Heights in Stonestown

Summit 800 Takes Buyers To New Heights in Stonestown

I checked in on progress at the new residential development called Summit 800 this week in the Stonestown area. Construction is fully under way, transforming a once barren hillside into San Francisco’s newest neighborhood.

Buyers for Summit 800 will appreciate the airy locale up on the hill, as well as the luxurious, almost opulent finishes in the townhomes and single-family houses. Developers Maracor and Comstock Homes have paid more attention to design and finishes than I’ve seen in the more cookie-cutter condo projects that have hit the city in the past couple years. There are no plain, white walls or minimal kitchen finishes here, and you also get a lot of square feet for the money. Think giant master suites with bathrooms the size of a San Francisco studio.Continue Reading

The 411 on CA’s Construction Defect Law

The 411 on CA’s Construction Defect Law

New construction single-family homes and condos are being built and sold at a rapid-fire pace in San Francisco. If you’re considering buying this type of property, it’s important to know what to expect when it comes to consumer protection and your rights in the event you discover a construction defect.

Construction defects are unfortunately pretty common in new buildings—everything from water intrusion (the most common one) to inadequate ventilation or faulty sewer systems. Dealing with defects isn’t fun, but there’s a way to handle them thanks to legislation called SB 800.Continue Reading

Grand SoMa Development Takes Leap Forward

The four-acre development planned for Fifth and Mission in SoMa has grand plans—1,200 new residences and 150,000 square feet of retail, for starters. But there are renderings online now, and the project could break ground in 2016 if approved.

Moving north west across town, we take a look at what’s on the market in uber-hot Hayes Valley, from a loft to a Victorian condo.

Plus, news on Coit Tower’s murals and the most current San Francisco sales and stats.

It’s all here in the Zephyr MarketTracker!

SF Construction Boom Boosts Tire Industry

Construction in San Francisco is going gangbusters these days. No matter where you walk, drive or bike, there’s a building rising or a home being extensively renovated.

One byproduct of all this construction is what I experienced last week. I headed to my garage en route to an appointment and discovered that I had a flat tire. An hour later, AAA diagnosed the cause of the flat—a nail.Continue Reading

Let’s Start Pushing for “Blue” Construction in SF

Two things are certain right now: Our California drought doesn’t have an end in sight, and construction is booming in San Francisco.

The push for “green,” or eco-friendly construction erupted several years ago. But what I’m wondering is whether architects and builders can start including “blue,” or drought-friendly features in future renovations and new construction.

A recent piece on NPR discussed how Australia—which has a nine-year drought in its history—began addressing its water shortage problem by revamping home plumbing systems. Consider Melbourne, which gets 23 inches of rain annually (similar to that of San Francisco in a typical year). Half the homes in Melbourne now have systems to capture and store rain, and newer homes are being built with dual plumbing systems to recycle graywater. For example, rinse water from the washing machine goes to the toilet for flushing.Continue Reading

Hard Hat Tour: Amero in Cow Hollow

Hard Hat Tour: Amero in Cow Hollow

I went on a hard hat tour of the new Amero condo building at 1501 Filbert between Van Ness and Franklin last week. Featuring 27 two- and three-bedroom units, Amero also includes one parking space per unit. (Many other properties only provide one space for every two units.) There are four penthouses, as well.

Units range from just over 1,000 square feet to 2500 square feet. Finishes will feature natural stone countertops, walls and flooring; carpeting in bedrooms; European grey oak/wide plank flooring. The kitchen will be fully stocked with Italian cabinetry, Bertazzoni ranges and Thermador refrigerators, along with polished quartz countertops. Continue Reading

Inside Hayes Valley’s 8 Octavia

Inside Hayes Valley’s 8 Octavia

I previewed 8 Octavia, the new 47-unit condo development designed by iconic architect Stanley Saitowitz that sits at the corner of Octavia Boulevard and Market Street.

The distinctive feature of the property is the green-colored “curtain” that’s actually a louver system. Owners can press a button in their condo and open or close the louvers, so cancel those plans for window treatments. (No word yet on how expensive the louver system will be over time when it comes to maintaining and repairing it.) Saitowitz calls 8 Octavia a “breathable building,” and I’m sure the louvers are the reason for that.Continue Reading

1645 Pacific: Old World Design with a Modern Touch

1645 Pacific: Old World Design with a Modern Touch

The brand new, 39-unit condo project at 1645 Pacific is officially one of my favorite new developments on the market. I toured the building this week and was impressed with developer Grosvenor America’s and Richard Beard and BAR Architect’s efforts to construct a building inspired by the old world design that’s pervasive among many homes in Pacific Heights, Russian and Nob Hills.

The nice thing about the building is that it doesn’t look like it was transplanted from SoMa, and fits in with the neighborhood’s character. From the sculptures that adorn the facade, to wrought-iron balcony rails and pre-war design elements, 1645 Pacific looks as if there was some real thought put into the overall design. The lobby has high ceilings and grand chandeliers, and all floors are serviced by an elevator. There will also be a concierge/doorman, secured bike storage, a car-sharing service and common rooftop terrace with sweeping views.Continue Reading

Bernal Renovations, South Beach Condos Getting Ready to Sell

The latest Zephyr Market Tracker is showing property prices up around 8% across the board over the past six months. (In most neighborhoods, though, the increase from 2013 to 2014 is much higher.)

We also take a look at Lumina, the upcoming 655-unit condo development at 201 Folsom that’s best known as phase 2 of the Infinity. Plus, a close-up on Bernal Heights and some cool renovations happening there. And let’s not forget the annual Decorator Showcase that will be held in a 9,000-square foot mansion on Jackson Street.

It’s all here in the Zephyr Market Tracker!

Onyx in Potrero Knows Its Target Buyers

Onyx in Potrero Knows Its Target Buyers

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

Pricey Prospects for New Condos in SF Pipeline

Pricey Prospects for New Condos in SF Pipeline

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

5 Things To Know About Negotiating New Development Contracts

5 Things To Know About Negotiating New Development Contracts

San Francisco is experiencing a construction boom these days, with new developments going up in neighborhoods on a rolling basis—with many more to follow in the next five years.

There are two ways to handle contract negotiations if you’ve decided to buy a newly built—or not-quite-finished—condo. You can go directly to the sales office, or work with a local Realtor. Some buyers feel that they can handle things on their own, while others appreciate the guidance of a seasoned professional who’s negotiated contracts on other developments in the past.Continue Reading

Get in touch:

Eileen Bermingham

Zephyr Real Estate

415.823.4656

ebermingham@zephyrsf.com

BRE# 01352627

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