2998 3rd Street Development Project - SOLD
San Francisco, CA
PROJECT SPECIFICS
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Entitlements in progress for a proposed 96,300 square feet, 6 story, 70 unit condominium building (Final EIR 1st Draft).
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Seller receptive to purchase alternatives including co-investment and loan assumption.
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Financial modeling shows as much as 30+% profits upon completion/stabilization.
We are pleased to present 2298 3rd Street for sale as a unique opportunity to acquire a key parcel in the Central waterfront/Mission Rock/Mission Bay area of San Francisco that is in the "path of growth" for a sought after location in the City. The property is positioned to accommodate a high-density multiunit residential condominium complex that sits squarely at the intersections of an emerging business and entertainment growth area. The site is a few blocks south of AT&T Ballpark and minutes from downtown San Francisco, Union Square and the Embarcadero. Access to the site is supported by Cal Trains, MUNI, Hwy 280, 101 and 80 along with BART and Ferry Service.
OFFERING HIGHLIGHTS/ADVANTAGES:
Tightening of condominium market is occurring. Sales activity is rising, while the number of units for sale and under construction drops. Construction of San Francisco condominiums is at their lowest level in five years. It is projected that there will be no new meaningful supply of condominiums until 2014, at best.
Recent approval of the Mission Rock District (adjacent to AT&T Park) of San Francisco for future development. The 16-acre development could include a massive park with commercial, residential and retail uses.
South of Market area is turning into a technology as well as a bioscience hub. More and more technology companies are moving into commercial space in this area due to affordable rents, adjacent restaurants/bars and internationally recognized entertainment attractions. Emerging technology companies that have moved into the area or are committed to it are: Yelp, Wikipedia, Twitter, CoTweet, Klout, Involver, DailyBooth and Yammer. All of these companies are a new breed of technology companies focused on social networking. The South of Market/Mission Bay area is ideal for companies that thrive on a more urban environment.
Condominium project entitlements in progress.
Close proximity to new UCSF Hospital and Medical Complex due to be completed by 2014 and Pier 70 development site.
Irreplaceable location having strong identity and visibility.
San Francisco, CA
3500 19th Street & Valencia
Development Project - SOLD
PROJECT SPECIFICS
Entitlements in progress for a proposed 29,829 square feet, 5 story, 17 unit dwelling plus 2,958 square feet of retail. Site area is approximately 10,000 square feet. Parking provided -15 spaces and 2 car-share spaces on street level.
We are pleased to present 3500 19th Street for sale as an unique opportunity to acquire a key corner parcel in prime Valencia Corridor of San Francisco, a highly sought after location in the City. The property is positioned squarely at the intersection of 19th Street and Valencia Street right in the heart of gourmet restaurants, boutique business, and entertainment. The site is a few blocks from BART and minutes from downtown San Francisco. Access to the site is supported by MUNI, Hwy 101 and Hwy 280.
OFFERING HIGHLIGHTS/ADVANTAGES:
Valencia Corridor is a very popular sub neighborhood within the Inner Mission filled with walking traffic, hot new cafes, restaurants, and businesses.
Tightening of San Francisco condominium market is occurring. Sales activity is on the rise, while the number of units for sale and under construction drops. Construction of San Francisco condominiums are at their lowest level in five years, making this a great opportunity for an investor looking for prime location and great outside potential.
2443 Clement Street Development Project - SOLD
Nine newly constructed luxurious one, two and three bedroom residences designed with sophistication and built with the highest quality of craftsmanship, steps away from restaurants, cafes, shopping, and public transportation.
Contemporary open floor plans showcase flexible living, dining and kitchen in one grand space. Solid walnut floors throughout. Living rooms are flooded with natural light from the north or south facing large dual pane floor to ceiling windows. Inviting gourmet kitchens are highlighted with cherry wood cabinetry, granite countertops, oversized chef’s sink, and are equipped with professional grade stainless steel appliances, including gas range, refrigerator, and dishwasher. Bathrooms are furnished with imported granite vanities and floors; Kohler cast iron tub and sink, Grohe European style faucets and Toto toilets.
The grand entry and reception of this magnificent building leads to convenient elevator service to all units. Imported granite and stone details in common areas. Private deck, video intercom security system, cable/internet hook-up, and in-unit washer and dryer are found in all homes. One deeded underground parking space available per unit. Some residences are two-level homes.