The Wall Street Journal ran a great article yesterday on the Mission’s popularity among San Francisco tech workers.
Facebook employees apparently congregate in Mission Dolores Park and in all the nearby bars, and shuttle 75 workers from the Mission to Palo Alto headquarters daily. And startups like Small Batch, Posterous and CrowdFlower have set up shop in the neighborhood. Reporters Cari Tuna and Stu Woo also mention the rising prices in the Mission, saying that while median home values in the district and citywide fell about 20% in the latest recession, values in the area have actually risen 4% since April 2009. No small feat.
Are we approaching another tech boom? This is starting to feel like deja vu.
My clients and I have the distinction of being the first to close on a condo at 555 Bartlett, the excellent new development project in the Mission. The photo above is the courtyard, which will let all the residents enjoy the great weather in the neighborhood.
There are approximately 40 units in contract (with ten going into contract last week, largely due to the tax credit incentive)—so there are 24 condos left. Units come with parking and list prices currently range from the $400,000s to the low $700,000s.