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SAN FRANCISCO RESIDENTIAL DEVELOPMENT
JUNE 2015
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G .1
REPORT NOTES
While the Report focuses on condominiums, select information on apartments has been presented as well. The most recent available data has been used, with data from MAY 2014/2015 used for comparisons. Be-low Market Rate (BMR) and senior housing units have been omitted from closings and statistics. Note that it can take a few months before unit closings appear in the public records.
CONTENTS
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 2
Redevelopment efforts at the Schlage Site in Visitacion Valley are well underway, with the Developer work-ing through design and programmatic elements. The first phase consists of nearly 600 units plus a planned grocery store. In 1926, Schlage Lock opened a manu-facturing Plant on the Site. In 1999, after a sale of the Company, the manufacturing facility was closed. After nearly ten years of planning efforts, the City approved a development plan for the Site mid last year. In all, the 20 acre Site will result in nearly 1,700 units, with 15% desig-nated Below Market Rate. Nearly 50,000 square feet of planned retail will supplement the existing retail district on Leland Avenue. Two acres of planned open space in-clude a park and greenway. An extension of the existing street grid onto the Site, will create a sense of continuity with the existing neighborhood. The Site has the distinct advantage of being adjacent to a CalTrain Station and a Muni Metro Stop. The Site is also within close proximity to McLaren Park, the City’s second largest park, which includes Coffman Pool. Infrastructure construction on the site could commence as early as next year. Recently, a second Developer announced plans to build some 200 units on a plot of land adjacent to the Schlage Site. For additional information, visit SFPlanning.org.
DEVELOPMENT NEWS...
STATE OF DEVELOPMENT
CURRENTLY SELLING
Preselling has commenced at Fulton 555, a 139-unit condominium Development in Hayes Valley.
Nearly three-fourths of units are reserved at 400 Grove, in just two-months time. Absorption measures at about 13 units/month.
Over forty-percent of the units at The Rockwell are in-contract, representing an approximate absorption rate of 55 units/month.
Lumina has released its 42-story Tower B. First closings at the Development are anticipated in the third quarter.
IN PLANNING
Construction has commenced at 360 Berry Street in Mission Bay. The Development will consist of 129 apartments (30 BMR), and completion is anticipated by Q3 2016.
The Planning Commission approved plans for a 27-unit (4 BMR) condominium project at 600 South Van Ness Avenue in the Mission.
The Navy transfered 290 acres at Treasure Island to the City, allowing infrastructure construction to commence next year.
The Developer of 75 Howard has reduced the proposed building height from 292-feet to 220-feet, reducing the unit count by 26.
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 3
MARKET PERFORMANCE$/SqFt Currently Year-Over-Year Month-Over-Month
New Condominium $1,174/SqFt 8% 6%
Resale Condominium $1,060/SqFt 12% 4%
New Apartment $5.02/SqFt 7% n/a
NEW CONDOMINIUM PRICING & VOLUME
RESALE CONDOMINIUM PRICING & VOLUME
NEW APARTMENT PRICING & OCCUPANCY
Most Recent Month
Median Sale Price: $1,285,000
Number of Units Closed: 6
Most Recent Month
Median Sale Price: $1,105,000
Number of Units Closed: 177
Most Recent Quarter
Average Price: $3,775/month
Average Occupancy: 93%
88.0%
89.0%
90.0%
91.0%
92.0%
93.0%
94.0%
95.0%
$3,100
$3,200
$3,300
$3,400
$3,500
$3,600
$3,700
$3,800
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015
Occ
upan
cy
Ave
rage
Pric
e
Average Price & Occupancy
Average Price Occupancy
0
5
10
15
20
25
30
$0$200,000$400,000$600,000$800,000
$1,000,000$1,200,000$1,400,000$1,600,000
Num
ber
Sold
Med
ian
Sale
Pric
e
Median Price & Sales Volume
Median Sale Price # Closings
50
75
100
125
150
175
200
225
250
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Num
ber
Sold
Med
ian
Sale
Pric
e
Median Price & Sales Volume
Median Sale Price # Closings
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 4
CURRENTLY SELLINGFulton 555
555 Fulton Street at Octavia | Hayes ValleyStatus: 139 units available/0 in-contract/0 closed
Ground Broken: May 2014
Date on Market: June 2015
First Closings Anticipated: Q4 2015
Project info: 5-stories, 148 parking spaces (77 retail/68 residential),
Developer: Fulton Street Ventures
Architect: Ian Birchall & Associates
Retail: 30,000 SqFt grocery store
Features & Finishes: n/a
Amenities: Lounge, Roof terrace, Dog park, Bicycle repair station, Conference room
Website: Fulton555.com
Unit Type Number of Units Size Range Price Range
Junior 1 - Bedroom 21 446 - 523 SqFt n/a
1 - Bedroom 51 542 - 1,269 SqFt n/a
2 - Bedroom 64 690 - 1,153 SqFt n/a
3 - Bedroom 2 1,852 - 2,118 SqFt n/a
4 - Bedroom Penthouse 1 2,304 SqFt n/a
Unit Mix & Pricing Summary
p. 2 p. 3 p. 4
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015PG.16
SOLD-OUT & RESALE8 OCTAVIA
8 Octavia Street at Market | Hayes ValleyStatus: Approximate absorption: 4 units/month, Average $/SqFt: $1,181
Project info: 47 units, 8-stories, Monthly HOA fee: $500 - $850, 7 BMRs, 24 parking spaces
Date on market: June 2014 All units in-contract: May 2015
Developer: DM & DDG
Architect: Stanley Saitowitz
Landscape architect: Marta Fry
Amenities: Roof terrace
Features & Finishes: Louvered facade, SieMatic kitchen cabinetry, Corian counter tops, FSC certified wide-plank oak flooring, Visionline key-less entry, Virtual Doorman, Webpass, Nest Thermostats
Website: 8Octavia.com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
8 Octavia - 802 2/2 1,001 1 $1,250,000 $1,249 5/28/2015
8 Octavia - 801 2/2 968 1 $1,320,000 $1,364 5/22/2015
8 Octavia - 502 2/2 1,001 1 $1,120,000 $1,119 4/29/2015
8 Octavia - 504 2/2 1,001 1 $1,250,000 $1,249 4/29/2015
8 Octavia - 704 2/2 1,001 1 $1,230,000 $1,229 4/24/2015
8 Octavia - 702 2/2 1,001 1 $1,130,000 $1,129 4/9/2015
8 Octavia - 805 3/3 1,757 1 $2,599,999 $1,480 3/13/2015
8 Octavia - 404 2/2 1,001 0 $939,000 $938 2/18/2015
8 Octavia - 303 1/1 726 0 $729,000 $1,004 1/6/2015
8 Octavia - 301 2/2.5 968 0 $980,000 $1,012 10/21/2014
8 Octavia - 302 2/2 1,001 0 $940,000 $939 10/21/2014
8 Octavia - 304 2/2 1,001 0 $1,000,000 $999 10/21/2014
8 Octavia - 403 1/1 726 0 $749,000 $1,032 10/21/2014
8 Octavia - 406 2/2 1,001 1 $950,000 $949 10/21/2014
8 Octavia - 501 2/2.5 968 1 $1,125,000 $1,162 10/21/2014
8 Octavia - 505 1/1 726 0 $749,000 $1,032 10/21/2014
8 Octavia - 506 2/2 1,001 1 $1,320,000 $1,319 10/21/2014
8 Octavia - 508 2/2 1,001 1 $1,320,000 $1,319 10/21/2014
8 Octavia - 601 2/2.5 968 1 $1,150,000 $1,188 10/21/2014
8 Octavia - 602 2/2 1,001 0 $959,000 $958 10/21/2014
8 Octavia - 604 2/2 1,001 1 $1,215,000 $1,214 10/21/2014
8 Octavia - 605 1/1 726 0 $779,000 $1,073 10/21/2014
8 Octavia - 608 2/2 1,001 1 $1,165,000 $1,164 10/21/2014
8 Octavia - 701 2/2.5 968 1 $1,165,000 $1,204 10/21/2014
8 Octavia - 803 3/3 1,757 1 $2,549,000 $1,451 10/21/2014
8 Octavia - 806 2/2.5 1,225 1 $1,600,000 $1,306 10/21/2014
Closing Details
p. 16
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015PG.28
UPCOMING DEVELOPMENTSDevelopment Developer / Owner Area Sales
Commence Units
Luxe - 1650 Broadway Street at Van Ness Belrich Partners Van Ness Corridor Q2 2015 34
2655 Bush Street at Divisadero KB Home Lower Pac Heights Q2 2015 81
Park 181 - Fremont Street at Howard Jay Paul Company Transbay Q2 2015 67
1450 Franklin Street at Bush Village Properties Western Addition Q3 2015 67
1001 17th Street at Pennsylvania 1001 17th Street Associates Potrero Hill Q3 2015 26
Onyx Phase II - 310 Carolina Street at 17th LNF Partners Potrero Hill Q3 2015 21
832 Sutter Street at Jones n/a Lower Nob Hill Q3 2015 20
1868 Van Ness Avenue at Sacramento JS Sullivan Nob Hill Q4 2015 35
388 Fulton Street at Franklin 7x7 Development Hayes Valley Q4 2015 61
450 Hayes Street at Gough DDG/DM Hayes Valley Q4 2015 41
Pacific - 2155 Webster Street at Sacramento Trumark Urban Pacific Heights Q4 2015 76
Knox - 645 Texas Street at 22nd Trumark Urban Potrero Hill Q1 2016 91
Rowan - 346 Potrero Avenue at 16th Trumark Urban Potrero Hill Q1 2016 75
580 Hayes Street at Laguna Laguna Hayes LLC Hayes Valley Q1 2016 29
1450 FRANKLIN580 HAYES
ROWAN
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015PG.30
Approved, Under Review and ConceptualArea Approved Under Review Conceptual
Bayview/Hunters Point/Candlestick Point 12,600 499 3,780
Dogpatch 360 907 1
Hayes Valley 151 170 24
Mid-Market 32 2,628 0
Mission 141 1,489 141
Mission Bay 692 1,500 0
Northern Neighborhoods 132 1,415 0
Potrero Hill 131 1,019 323
South of Market 2,580 5,933 888
Southern Neighborhoods 1,875 1,001 461
Transbay 940 657 0
Treasure Island 8,619 0 0
Upper Market 24 222 0
Van Ness Corridor 0 1,413 0
Western Neighborhoods 9,007 574 550
Total 37,284 19,427 6,168
Under Construction (by product type)Area Condominiums Apartments All
Dogpatch 0 259 259
Hayes Valley 131 280 411
Mid-Market 0 143 143
Mission 12 0 12
Mission Bay 0 402 402
Northern Neighborhoods 279 0 279
Potrero Hill 213 453 666
South of Market 0 3,038 3,038
Transbay 67 0 67
Upper Market 0 87 87
Van Ness Corridor 34 0 34
Totals 736 4,662 5,398
The category, under construction - condominiums, does not include developments which are preselling units. These developments are categorized as Currently Selling.
Northern Neighborhoods covers Cathedral Hill, Western Addition, Pacific Heights, Nob Hill, Lower Nob Hill, Financial District, Russian Hill, Telegraph Hill, North Beach & Marina/Cow Hollow.
Southern Neighborhoods covers Oceanview, Glen Park, Outer Mission, Mission Terrace, Visitacion Valley.
Western Neighborhoods covers Park Merced, Parkside, Forest Knolls, Richmond, Sunset, Laurel Heights.
PIPELINE SUMMARY
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015PG.31
PROJECTED SUPPLYNew apartment supply should swell by the start of 2017, while new condominiums should be nearly depleted. This may encourage developers to sell apartment units as condominiums instead. The potential for this sea change depends largely on the type of developer (REIT versus others), debt structures and market pricing. Many developers “condominium map” units, in order to have such flexibility. This was a phenomenon which occurred in the last market cycle, and is likely to occur again.
HISTORICAL SUPPLY
Roughly 1,500 housings units have been produced year-to-date.
532909 906 909
1,2251,859 1,619
2,2602,730
1,780 1,872 1,6752,197
3,0193,366
1,082348
794
2,330
3,454
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Uni
ts
Historical Supply
1,0301,188
925720
344107 21 0
875
2,110
1,085
556
1,131
674 666
1,714
0
500
1,000
1,500
2,000
2,500
Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
Uni
ts
Projected Supply
New Condominiums New Apartments
p. 28 p. 30 p. 31
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015PG.32
ABOUT DEVELOPER SERVICESVanguard Properties expertly guides urban residential developers. Core consulting services include Analytics, Land Acquisition, Design, Branding and Sales Strategy. From concept to close-out, Vanguard leads the way. For a list of developments, visit VanguardSF.com
For Developer Services, contact:
FRANK NOLAN JAMES NUNEMACHER
VP, Director of Development Co-founder & Principal
415.377.3726 415.519.7772
[email protected] [email protected]
BRE License No. 01300017 BRE License No. 00913606
For additional market reporting, contact:
JONATHAN MOFTAKHAR
Market Analyst
415.920.3731
BRE License No. 01442709
VANGUARD PROPERTIES REPORT DISCLAIMER
Data sources for this Report include but are not limited to SFAR MLS, the San Francisco Planning Department, development mar-keting websites and industry news/information outlets. The information in this Report is subject to errors, as it is compiled from multiple sources, with varying degrees of accuracy and currency. This Report should not be reproduced or distributed, in whole or in part, without the prior written consent of Vanguard Properties. The statements in this Report, which are not historical facts, are projections or estimates based on Vanguard Properties’ opinions and expectations of future market performance. Although the information presented is believed to be correct, no representation is made by Vanguard Properties as to the accuracy or complete-ness of the information. The information presented may be subject to updating, revision or verification, and such information may change in a material nature. This is not an offer to sell property, and is intended for information purposes only. This Report should not be relied upon or utilized in making investment decisions. ©2015 Vanguard Properties, All rights reserved.
p. 32
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 2
Redevelopment efforts at the Schlage Site in Visitacion Valley are well underway, with the Developer work-ing through design and programmatic elements. The first phase consists of nearly 600 units plus a planned grocery store. In 1926, Schlage Lock opened a manu-facturing Plant on the Site. In 1999, after a sale of the Company, the manufacturing facility was closed. After nearly ten years of planning efforts, the City approved a development plan for the Site mid last year. In all, the 20 acre Site will result in nearly 1,700 units, with 15% desig-nated Below Market Rate. Nearly 50,000 square feet of planned retail will supplement the existing retail district on Leland Avenue. Two acres of planned open space in-clude a park and greenway. An extension of the existing street grid onto the Site, will create a sense of continuity with the existing neighborhood. The Site has the distinct advantage of being adjacent to a CalTrain Station and two major Muni lines. The Site is also within close proxim-ity to McLaren Park, the City’s second largest park, which includes Coffman Pool. Infrastructure construction on the site could commence as early as next year. Recently, a second Developer announced plans to build some 200 units on a plot of land adjacent to the Schlage Site. For additional information, visit SFPlanning.org.
DEVELOPMENT NEWS...
STATE OF DEVELOPMENT
CURRENTLY SELLING
Preselling has commenced at Fulton 555, a 139-unit condominium Development in Hayes Valley.
Nearly three-fourths of units are reserved at 400 Grove, in just two-months time. Absorption measures at about 13 units/month.
Over forty-percent of the units at The Rockwell are in-contract, representing an approximate absorption rate of 55 units/month.
Lumina has released its 42-story Tower B. First closings at the Development are anticipated in the third quarter.
IN PLANNING
Construction has commenced at 360 Berry Street in Mission Bay. The Development will consist of 129 apartments (30 BMR), and completion is anticipated by Q3 2016.
The Planning Commission approved plans for a 27-unit (4 BMR) condominium project at 600 South Van Ness Avenue in the Mission.
The Navy transfered 290 acres at Treasure Island to the City, allowing infrastructure construction to commence next year.
The Developer of 75 Howard has reduced the proposed building height from 292-feet to 220-feet, reducing the unit count by 26.
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 3
88.0%
89.0%
90.0%
91.0%
92.0%
93.0%
94.0%
95.0%
$3,100
$3,200
$3,300
$3,400
$3,500
$3,600
$3,700
$3,800
Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015
Occ
upan
cy
Ave
rag
e Pr
ice
Average Price & Occupancy
Average Price Occupancy
50
75
100
125
150
175
200
225
250
$0
$200,000
$400,000
$600,000
$800,000
$1,000,000
$1,200,000
$1,400,000
Num
ber
Sol
d
Med
ian
Sale
Pri
ce
Median Price & Sales Volume
Median Sale Price # Closings
0
5
10
15
20
25
30
$0$200,000$400,000$600,000$800,000
$1,000,000$1,200,000$1,400,000$1,600,000
Num
ber
Sol
d
Med
ian
Sale
Pri
ce
Median Price & Sales Volume
Median Sale Price # Closings
MARKET PERFORMANCE$/SqFt Currently Year-Over-Year Month-Over-Month
New Condominium $1,174/SqFt 8% 6%
Resale Condominium $1,060/SqFt 12% 4%
New Apartment $5.02/SqFt 7% n/a
NEW CONDOMINIUM PRICING & VOLUME
RESALE CONDOMINIUM PRICING & VOLUME
NEW APARTMENT PRICING & OCCUPANCY
Most Recent Month
Median Sale Price: $1,285,000
Number of Units Closed: 6
Most Recent Month
Median Sale Price: $1,105,000
Number of Units Closed: 177
Most Recent Quarter
Average Price: $3,775/month
Average Occupancy: 93%
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 4
DEVELOPMENT SNAPSHOT Currently Selling
Fulton 555
555 Fulton Street at Octavia | Hayes ValleyStatus: 139 units available/0 in-contract/0 closed
Ground Broken: May 2014
Date on Market: June 2015
First Closings Anticipated: Q4 2015
Project info: 5-stories, 148 parking spaces (77 retail/68 residential)
Developer: Fulton Street Ventures
Architect: Ian Birchall & Associates
Retail: 30,000 SqFt grocery store
Features & Finishes: n/a
Amenities: Lounge, Roof terrace, Dog park, Bicycle repair station, Conference room
Website: Fulton555.com
Unit Type Number of Units Size Range Price Range
Junior 1 - Bedroom 21 446 - 523 SqFt n/a
1 - Bedroom 51 542 - 1,269 SqFt n/a
2 - Bedroom 64 690 - 1,153 SqFt n/a
3 - Bedroom 2 1,852 - 2,118 SqFt n/a
4 - Bedroom Penthouse 1 2,304 SqFt n/a
Unit Mix & Pricing Summary
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 5
DEVELOPMENT SNAPSHOT Currently Selling
6 MINT PLAZA
6 Mint Plaza (5th & Mission) | South of MarketStatus: 19 units available/3 in-contract/0 closed, Average $/SqFt: $1,333
Date on Market: May 2015
Project info: 8-stories, Monthly HOA fee: $472 - $665, 2 parking spaces (for penthouse)
Owner: The Carlyle Group/Veritas
Features & Finishes: Historic rehab of early twentieth-century building, Acid-stained concrete floors, Exposed concrete and plaster walls, Industrial-era windows, Birch wood doors, Viking refrigerators, Thermador cook tops, Bosch washer/dryers, Concrete and stone counter tops, Monarch hardwood floors, Stainless steel soaking tubs, Walk-in closets, Private balconies, Central heat and air conditioning
Amenities: Roof terrace with spa and BBQ, Gym, Fob-secured entry, 24-hour guard service, Mint Plaza Merchants: Blue Bottle Coffee, Mint 54 Italian Kitchen, flower stand
Website: 6MintPlaza.com
Unit Number Type SqFt List Price $/SqFt
201 1/1 664 $695,000 $1,047
301 1/1 661 $770,000 $1,165
304 2/2 914 $1,195,000 $1,307
402 2/1 832 $945,000 $1,136
503 2/1 799 $925,000 $1,158
701 1/1 661 $835,000 $1,263
703 2/1 799 $970,000 $1,214
801 1/1 661 $870,000 $1,316
Penthouse 3/3.5 3,543 $5,500,000 $1,552
Current Listings
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 6
DEVELOPMENT SNAPSHOT Currently Selling
400 GROVE
400 Grove Street at Gough | Hayes ValleyStatus: 9 units available/25 reserved/0 closed, Approximate absorption: 13 units/month, Average $/SqFt: $1,279
Project info: 34 units, 4 BMRs, 5-stories, 17 parking spaces, Monthly HOA fee: $600 - $950
Pre-sale: April 2015
Closings anticipated: Q3 2015
Developer: DM & DDG
Architect: Fougeron
Landscape Architect: Marta Fry
Features & Finishes: Redwood rain screen, FSC certified wide-plank oak flooring, LED accent lighting, SieMatic cabinetry, Corian counter tops, Bosch appliances, Liebherr refrigerator
Amenities: Virtual Doorman, Courtyard bamboo garden, Roof terrace, On-site restaurant
Website: 400Grove.com
Unit Type Number of Units* Size Range Price Range
Junior 1 - Bedroom 7 428 - 578 SqFt $550K +
1 - Bedroom 6 570 - 815 SqFt $700K +
2 - Bedroom 17 905 - 1,369 SqFt $1.1M +
Unit Mix & Pricing Summary
*BMRs excluded
Unit Number Type SqFt Parking List Price $/SqFt
104 0/1 577 0 $694,000 $1,203
403 2/2 905 0 $1,125,000 $1,243
402 2/2 1,098 1 $1,528,000 $1,392
Current Listings
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G .7
DEVELOPMENT SNAPSHOT Currently Selling
SAN FRANCISCO SHIPYARD (2nd Release)
11 Innes Court - Hunters PointStatus: 127 units available/32 in-contract/0 closed, Approximate absorption: 16 units/month, $/SqFt: $753
Project info: 159 units, 24 BMRs, Two-car parking for townho-mes, One-car parking for condominiums, Monthly HOA fees: $216 - $420
Pre-sale: April 2015 Closings anticipated: Q1 2016
Developer: Lennar Urban Architect: Kava Massih
Features & Finishes: Nest thermostats and smoke/carbon diox-ide detectors, Bosch appliances, Caesarstone and quartz count-er tops, Barbosa high-gloss cabinetry, Porcelanosa bathroom floors, Plyboo wire-brushed hardwood floors, Private outdoor spaces, Secured parking, Dropcam
Amenities: Shuttle service to Downtown, Terraces, Bicycle park-ing
Website: TheSFShipyard.com
Current Listings
Unit Type SqFt Parking List Price $/SqFt
201 - Innes South 1+/1 760 1 $648,500 $853
202 - Hudson South 1+/1 811 1 $648,800 $800
302 - Hudson South 1+/1 811 1 $668,500 $824
202 - Innes South 2/2 956 1 $765,500 $801
204 - Innes South 2/2 970 1 $790,500 $815
302 - Innes South 2/2 956 1 $788,500 $825
304 - Innes North 2/2 970 1 $772,600 $796
203 - Hudson South 2/2 956 1 $775,600 $811
301 - Hudson South 2/2 970 1 $780,500 $805
303 - Hudson South 2/2 956 1 $795,800 $832
Townhome 151 3/3 1,419 2 $920,500 $649
Townhome 175 3/3 1,419 2 $920,500 $649
Townhome 174 3/3 1,419 2 $920,500 $649
Townhome 198 3/3 1,419 2 $948,600 $668
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 8
DEVELOPMENT SNAPSHOT Currently Selling
THE ROCKWELL
1688 Pine Street at Franklin | Pac Heights - Van Ness CorridorStatus: 150 units available, 110 units in-contract, 0 units closed, Approximate absorption: 55 units/month
Project info: Two 13-story towers, 260 units, 31 BMRs, 201 parking spaces, 5,500 SqFt retail, Monthly HOA fee: $600 - $1,000
Ground broken: Q4 2014
Pre-sale: April 2015
First Closings anticipated: Q1 2016
Developer: Oyster Development (Tricon Capital – equity partner)
Architect: Kwan Henmi
Amenities: Resident’s lounge with kitchen/screening room, Roof terrace with fireplace, Fitness center, Courtyard garden with fire-place/BBQ, 24-hour lobby attendant, Lounge with bar
Features & Finishes: Private balconies, Air conditioning, Caesar-stone counter tops, Porcelain tile in bathrooms, Studio Becker cabinetry, Bosch/Bertazzoni appliances, Walk-in shower and dual sinks in master bathrooms
Website: TheRockwellSF.com
Unit Type Number of Units Size Range Price Range
1 - Bedroom 142 448 - 832 SqFt $600K - $1M
2 - Bedroom 117 874 - 1,515 SqFt $1M - $2.5M
3 - Bedroom 1 1,762 SqFt $3.1M
Unit Mix & Pricing Summary
S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G .9
DEVELOPMENT SNAPSHOT Currently Selling
SEVENTY 2 TOWNSEND
72 Townsend Street at 2nd | SOMA - South BeachStatus: 60 units available/14 units in-contract/0 closed, Aver-age $/SqFt: $1,286
Project info: 74 units, 7 BMRs, 9-stories, 74 parking spaces, HOA: $653 - $1,257, Ground broken: Q1 2014
Date on market: April 2015 Closings anticipated: Q3 2015
Developer: KB Home Architect: SB Architects
Amenities: Lobby attendant, Roof terrace, Resident’s lounge
Features & Finishes: Private decks, Bay and City views, Walk-in showers, Soaking tubs, Floor-to-ceiling windows, Approxi-mately 9’ ceiling heights
Website: 72Townsend.com
Unit Type Number of Units* Size Range Price Range
1 - Bedroom 31 619 - 1,005 SqFt $825K - $1.4M
2 - Bedroom 33 935 - 1,289 SqFt $1.4M - $1.8M
2 - Bedroom Penthouse 1 1,444 SqFt $3.5M
3 - Bedroom Penthouse 2 1,571 - 1,740 SqFt $3.5M - $4.4M
Unit Mix & Pricing Summary
Current Listings
Unit Type SqFt Parking List Price $/SqFt
403 1/1.5 785 1 $949,000 $1,209
409 2/2 1,136 1 $1,445,000 $1,272
n/a 1/1 632 1 $825,000 $1,305
505 1/1 632 1 $856,000 $1,354
407 1/1.5 851 1 $999,000 $1,174
506 2/2 1,176 1 $1,650,000 $1,403
412 1/1.5 900 1 $1,179,000 $1,310
507 1/1.5 851 1 $1,110,025 $1,304
404 2/2 1,260 1 $1,540,000 $1,222
609 2/2 1,136 1 $1,599,000 $1,408
*BMRs excluded
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DEVELOPMENT SNAPSHOT Currently Selling
LUMINA
201 Folsom Street at Beale | South BeachStatus: 386 units available/280 in-contract/0 closed, Approxi-mate $/SqFt: $1,450, Approximate absorption: 31 units/month
Project info: 656 units, one 42-story tower, one 37-story tower, two 8-story podiums
Developer: Tishman Speyer (China Vanke – equity partner)
Architect: Bernardo Fort-Brescia of Arquitectonica
Date on market: September 2014
First closings anticipated: Q3 2015
Amenities: 10,500 SqFt rooftop with vegetable garden/din-ing/fire pits/movie screening, 7,000 SqFt fitness center with yoga studio/aerobics room/20-foot climbing wall, lounge with fireplace/bar, private dining room with chef’s kitchen/prep kitchen/fireplace/outdoor terrace, screening room with tiered seating for thirty/surround sound, 75-foot lap pool, library with WIFI, 2,000 SqFt spa with treatment room/day lockers/steam room/sauna, children’s room, music practice room, pet groom-ing station, on-site gourmet grocer
Features & Finishes: 9’ to 10’10” ceilings, Bay views, Gaggenau ovens/cook tops, Bosch refrigerators/dishwashers, Caesarstone quartz counter tops/backsplash, SieMatic cabinetry, marble vanity counter tops, porcelain tile bathroom floors/shower walls, Nest Thermostats
Website: LuminaSF.com
Unit Type Number of Units Size Range Price Range
Studio/Jr. 1-Bedroom 16 650 - 870 SqFt $850K - $950K
1 - Bedroom 200 850 - 1,400 SqFt $1.1M - $1.7M
2 - Bedroom 373 1,180 - 1,600 SqFt $1.6M - $3.5M
3 - Bedroom 67 1,700 - 2,650 SqFt $3.2M - $6M
Unit Mix & Pricing Summary
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DEVELOPMENT SNAPSHOT Currently Selling
TOWNHOMES ON TENNESSEE
1189 Tennessee Street at 22nd | DogpatchStatus: 3 units available (2 residential, 1 commercial)/6 in-contract/2 closed, Average $/SqFt: $1,006
Project info: 11 units, 4-stories, 12 parking spaces, HOA: $481 - $693
Date on market: April 2015
Architect: Gary Gee
Amenities: Elevator, Bicycle storage
Features & Finishes: Wide-plank oak floors, Underfloor heating, Elfa clos-et systems, Vaulted ceilings, Private terraces, Viking appliances, Quartz counter tops, Grohe faucets, Soaking tubs
Website: DogpatchTownhomes.com
Unit Type Number of Units Size Range Price Range
1 - Bedroom 2 866 - 1,004 SqFt $1.1M
2 - Bedroom 4 1,034 - 1,673 SqFt $1.25M - $1.55M
3 - Bedroom 2 1,652 - 1,922 SqFt $1.7M - $1.8M
Commercial Condominium 3 844 - 1,571 SqFt $695K - $795K
Unit Mix & Pricing Summary
INDIA COVE LOFTS
748 Innes Avenue | Hunters PointStatus: 6 units available/0 in-contract/0 closed, Average $/SqFt: $656
Project info: 6 units, 4-stories, Monthly HOA fee: $600 - $750
Date on market: April 2015
Architect: Samuel Kwong
Amenities: On-site health spa, Roof terrace
Features & Finishes: Granite counter tops, Gas fireplaces, Bay and City views
Website: IndiaCoveLofts.com
Current Listings
Unit Type SqFt Parking List Price $/SqFt
303 1/1.5 775 1 $555,000 $716
304 1/1.5 862 1 $559,000 $648
302 1/1.5 981 1 $599,000 $611
301 2/2 998 1 $649,000 $650
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DEVELOPMENT SNAPSHOT Currently Selling
V20
3590 20th Street at Valencia | MissionStatus: 4 units available/11 in-contract/3 leased/0 closed, Average $/SqFt: $1,583
Project info: 18 units, 5-stories, 18 parking spaces, Monthly HOA fee: $445 - $527
Date on market: March 2015
Architect: Kerman Morris Architects
Amenities: Roof terrace, Courtyard, Elevator, Bicycle storage
Features & Finishes: Private outdoor spaces, Oak floors, Stu-dio Becker cabinetry, Miele appliances, Pentalquartz counter tops, Grohe fixtures, Walk-in showers, Gas fireplaces
Website: Valencia20.com
Unit Type Number of Units Size Range Price Range
2 - Bedroom 4 1,126 - 1,221 SqFt $1.7M - $2.6M
3 - Bedroom 14 1,266 - 1,634 SqFt $2.5M - $2.8M
Unit Mix & Pricing Summary
Current Listings
Unit Type SqFt Parking List Price $/SqFt
203 2/2 1,166 1 $1,695,000 $1,454
204 3/2.5 1,578 1 $2,495,000 $1,581
501 3/2.5 1,722 1 $2,795,000 $1,623
505 2+/3 1,634 1 $2,595,000 $1,588
507 2+/3 1,526 1 $2,495,000 $1,635
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DEVELOPMENT SNAPSHOT Currently Selling
MISSION@1875
1875 Mission Street at 15th | MissionStatus: 9 units available (6 BMR)/8 in-contract/22 closed, Average $/SqFt: $1,050, Approximate absorption: 4 units/month
Date on market: October 2014
Developer: M1875 LLC
Project info: 39 units, 4-stories, 6 BMRs, 24 parking spac-es, Monthly HOA fee: $400 - $520
Amenities: Rooftop pool, dog run
Finishes: Ann Sacks/Porcelanosa tile, hardwood floors, Blanco faucets, Bertazzoni microwaves/ranges, Leibherr refrigerators, brass entry doors, Heath Ceramics house numbers, radiant heated floors
Website: M1875.com
Development - Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Mission@1875 - 308 0/1 623 0 $675,000 $1,083 5/14/2015
Mission@1875 - 208 0/1 626 0 $625,000 $998 5/11/2015
Mission@1875 - 312 2/1 805 1 $910,000 $1,130 4/24/2015
Mission@1875 - 210 1/1 779 1 $780,000 $1,001 4/23/2015
Mission@1875 - 412 2/1 801 1 $980,000 $1,223 4/22/2015
Mission@1875 - 204 1/1 752 1 $740,000 $984 4/21/2015
Mission@1875 - 203 1/1 754 1 $754,000 $1,000 4/17/2015
Mission@1875 - 209 1/1 800 1 $765,000 $956 4/17/2015
Mission@1875 - 406 2/1 631 1 $700,000 $1,109 4/14/2015
Mission@1875 - 403 2/1 752 1 $920,000 $1,223 4/1/2015
Mission@1875 - 106 0/1 619 0 $560,000 $905 3/31/2015
Mission@1875 - 202 1/1 772 1 $754,000 $977 3/16/2015
Mission@1875 - 305 2/1 780 1 $905,000 $1,160 3/10/2015
Mission@1875 - 107 0/1 633 0 $575,000 $908 3/6/2015
Mission@1875 - 407 0/1 645 0 $650,000 $1,008 3/6/2015
Mission@1875 - 108 0/1 620 0 $589,000 $950 2/27/2015
Mission@1875 - 206 0/1 626 0 $619,000 $989 2/27/2015
Mission@1875 - 211 1/1 799 1 $775,000 $970 2/27/2015
Mission@1875 - 212 2/1 804 1 $867,000 $1,078 2/27/2015
Mission@1875 - 309 1/1 804 1 $899,000 $1,118 2/27/2015
Mission@1875 - 306 0/1 620 0 $650,000 $1,048 2/25/2015
Mission@1875 - 304 1/1 751 1 $901,200 $1,200 2/20/2015
Closing Details
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DEVELOPMENT SNAPSHOT Currently Selling
SUMMIT 800
800 Brotherhood Way at Junipero Serra | Park MercedStatus: 117 units available/41 in-contract/24 closed, Approximate absorp-tion: 6 units/month, Average $/SqFt: $712
Developer: Comstock Homes & Maracor Development
Project info: 182 units, Townhomes and single family homes, 2-3 car park-ing, Monthly HOA fee: $205 - $760
Date on market: July 2014
Amenities: HOA maintained front yard landscaping, adjacent to two-acre park with tot lot/dog area Features and Finishes: Decks, walk-in closets, Copper Creek polished chrome door hardware, Emser ceramic tile floors, Crema Marfil master bath floors, Superior Shaw stain-resistant carpet, Andersen windows and sliding doors, granite kitchen counter tops and backsplash, Viking appli-ances, Kohler sinks and tubs, Delta faucets, powder rooms in each floor plan, Piedrafina bathroom counter tops and surrounds, 1.5 KW solar sys-tem, tank-less water heaters
Website: Summit800.com
Current Listings
Unit Type SqFt Parking List Price $/SqFt
155 3/2.5 2,024 2 $1,349,000 $667
159 3/2.5 2,133 2 $1,295,000 $607
186 3/2 1,547 2 $998,000 $645
188 3/2.5 1,839 2 $1,125,000 $612
287 3/2.5 2,001 3 $1,449,000 $724
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
89 3/2.5 2,024 2 $1,400,000 $692 5/22/2015
83 3/2.5 2,024 2 $1,516,329 $749 5/7/2015
Closing Details
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DEVELOPMENT SNAPSHOT Currently Selling
VIDA
2558 Mission Street at 22nd | MissionStatus: 1 unit available/7 in-contract/106 closed, Approxi-mate absorption: 8 units/month, Average $/SqFt: $1,084
Developer: Oyster Development Architect: Kwan Henmi
Project info: 114 units, 8-stories, off-site BMRs, 77 parking spaces, Monthly HOA fee: $430 - $620, Date on market: March 2014
Amenities: Roof terrace with BBQ, lounge area
Finishes: Bosch & Bertazzoni appliances, quartz counter tops, exposed concrete ceilings and columns, porcelain tile bathroom floors
Website: VidaSF.com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Vida - 314 1/1 507 0 $575,000 $1,134 3/31/2015
Vida - 204 1/1 680 0 $649,000 $954 3/25/2015
Vida - 306 2/2 943 1 $939,000 $996 3/6/2015
Vida - 413 1/1 631 0 $689,000 $1,092 2/27/2015
Vida - 402 1/1 816 1 $799,000 $979 2/17/2015
Vida - 315 0/1 494 0 $579,000 $1,172 1/30/2015
Vida - 307 2/2 916 1 $917,000 $1,001 1/29/2015
Vida - 415 0/1 494 0 $599,000 $1,213 1/27/2015
Vida - 416 0/1 517 0 $599,000 $1,159 1/15/2015
Vida - 509 2/2 1,003 1 $1,195,000 $1,191 1/15/2015
Vida - 313 1/1 631 0 $654,000 $1,036 1/13/2015
Vida - 212 1/1 631 0 $691,500 $1,096 12/3/2014
Vida - 215 0/1 494 0 $585,000 $1,184 12/3/2014
Vida - 216 0/1 517 0 $595,000 $1,151 12/3/2014
Vida - 301 2/2 1,144 1 $1,190,500 $1,041 12/3/2014
Vida - 303 1/1 832 1 $822,500 $989 12/3/2014
Vida - 305 2/2 1,104 1 $1,155,000 $1,046 12/3/2014
Vida - 316 0/1 517 0 $585,000 $1,132 12/3/2014
Vida - 318 1/1 725 1 $765,500 $1,056 12/3/2014
Vida - 409 2/2 1,003 1 $1,137,000 $1,134 12/3/2014
Vida - 501 2/2 1,071 1 $1,174,000 $1,096 12/3/2014
Vida - 503 1/1 832 1 $849,000 $1,020 12/3/2014
Vida - 510 2/2 930 1 $1,019,000 $1,096 12/3/2014
Vida - 513 1/1 631 0 $696,000 $1,103 12/3/2014
Vida - 515 0/1 494 0 $631,500 $1,278 12/3/2014
Vida - 518 1/1 739 1 $827,000 $1,119 12/3/2014
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
8 OCTAVIA
8 Octavia Street at Market | Hayes ValleyStatus: Approximate absorption: 4 units/month, Average $/SqFt: $1,181
Project info: 47 units, 8-stories, Monthly HOA fee: $500 - $850, 7 BMRs, 24 parking spaces
Date on market: June 2014 All units in-contract: May 2015
Developer: DM & DDG
Architect: Stanley Saitowitz
Landscape architect: Marta Fry
Amenities: Roof terrace
Features & Finishes: Louvered facade, SieMatic kitchen cabinetry, Corian counter tops, FSC certified wide-plank oak flooring, Visionline key-less entry, Virtual Doorman, Webpass, Nest Thermostats
Website: 8Octavia.com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
8 Octavia - 802 2/2 1,001 1 $1,250,000 $1,249 5/28/2015
8 Octavia - 801 2/2 968 1 $1,320,000 $1,364 5/22/2015
8 Octavia - 502 2/2 1,001 1 $1,120,000 $1,119 4/29/2015
8 Octavia - 504 2/2 1,001 1 $1,250,000 $1,249 4/29/2015
8 Octavia - 704 2/2 1,001 1 $1,230,000 $1,229 4/24/2015
8 Octavia - 702 2/2 1,001 1 $1,130,000 $1,129 4/9/2015
8 Octavia - 805 3/3 1,757 1 $2,599,999 $1,480 3/13/2015
8 Octavia - 404 2/2 1,001 0 $939,000 $938 2/18/2015
8 Octavia - 303 1/1 726 0 $729,000 $1,004 1/6/2015
8 Octavia - 301 2/2.5 968 0 $980,000 $1,012 10/21/2014
8 Octavia - 302 2/2 1,001 0 $940,000 $939 10/21/2014
8 Octavia - 304 2/2 1,001 0 $1,000,000 $999 10/21/2014
8 Octavia - 403 1/1 726 0 $749,000 $1,032 10/21/2014
8 Octavia - 406 2/2 1,001 1 $950,000 $949 10/21/2014
8 Octavia - 501 2/2.5 968 1 $1,125,000 $1,162 10/21/2014
8 Octavia - 505 1/1 726 0 $749,000 $1,032 10/21/2014
8 Octavia - 506 2/2 1,001 1 $1,320,000 $1,319 10/21/2014
8 Octavia - 508 2/2 1,001 1 $1,320,000 $1,319 10/21/2014
8 Octavia - 601 2/2.5 968 1 $1,150,000 $1,188 10/21/2014
8 Octavia - 602 2/2 1,001 0 $959,000 $958 10/21/2014
8 Octavia - 604 2/2 1,001 1 $1,215,000 $1,214 10/21/2014
8 Octavia - 605 1/1 726 0 $779,000 $1,073 10/21/2014
8 Octavia - 608 2/2 1,001 1 $1,165,000 $1,164 10/21/2014
8 Octavia - 701 2/2.5 968 1 $1,165,000 $1,204 10/21/2014
8 Octavia - 803 3/3 1,757 1 $2,549,000 $1,451 10/21/2014
8 Octavia - 806 2/2.5 1,225 1 $1,600,000 $1,306 10/21/2014
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
16th & BRYANT
2421-2425 16th Street at Bryant | MissionAverage $/SqFt: $950
Date on market: January 2015
Project info: 12 units, 4-stories, 1 BMR, 12 parking spaces, Month-ly HOA fee: $490 - $650
Finishes: Living areas with white oak hardwood floors, Patios with Eleganza quartzite pavers, Kitchens with Liebherr HCB 30 inch fully integrated refrigerator & freezer, Bertazzoni Master Series 30-inch 4-burner gas range
Amenities: Bicycle storage
Website: 16thandBryant.com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
16th & Bryant - 402 2/2 1,158 1 $1,185,000 $1,023 3/30/2015
16th & Bryant - 301 2/2 1,024 1 $1,005,000 $981 3/27/2015
16th & Bryant - 303 2/2 1,133 1 $1,149,000 $1,014 3/27/2015
16th & Bryant - 302 2/2 1,157 1 $1,099,000 $950 3/25/2015
16th & Bryant - 2425 3/2.5 1,900 1 $1,375,000 $724 3/24/2015
16th & Bryant - 201 2/2.5 1,228 1 $1,362,000 $1,109 3/20/2015
16th & Bryant - 2423 3/2.5 1,891 1 $1,331,000 $704 3/20/2015
16th & Bryant - 202 2/2.5 1,208 1 $1,299,000 $1,075 3/13/2015
16th & Bryant - 401 2/2 1,021 1 $1,200,000 $1,175 3/13/2015
16th & Bryant - 404 2/2 1,022 1 $1,105,000 $1,081 3/13/2015
Closing Details
TOWNHOMES ON THIRD
4132 3rd Street at Innes | BayviewAverage $/SqFt: $684
Project info: 7 units, 4-stories, 7 parking spaces, Monthly HOA Fee: $570 - $590
Date on market: January 2015 All units in-contract: May 2015
Developer: Mutual Seiko Construction Architect: Alan Martinez
Finishes: Quartz counter tops, Glass tile backsplash, Blanco and Hansgrohe fixtures, Wide-plank hardwood floors, Security sys-tems
Website: Townhomeson3rd.com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Townhomes on Third - 5 2/2 1,314 1 $910,000 $693 6/2/2015
Townhomes on Third - 4 3/2.5 1,391 1 $899,000 $646 6/1/2015
Townhomes on Third - 2 3/2.5 1,391 1 $929,000 $668 4/21/2015
Townhomes on Third - 6 2/2 1,432 1 $1,000,000 $698 4/17/2015
Townhomes on Third - 3 3/2.5 1,391 1 $929,000 $668 3/31/2015
Townhomes on Third - 7 2/2 1,391 1 $1,030,000 $740 3/17/2015
Townhomes on Third - 1 3/2.5 1,391 1 $935,000 $672 3/12/2015
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
870 HARRISON
870 Harrison Street at 4th | SOMAStatus: Approximate absorption: 5 units/month, Average $/SqFt: $1,075
Developer: JS Sullivan Architect: RG Architecture
Project info: 26 units, 4 BMRs, 6-stories, Date on market: October 2014, HOA: $475 - $600
Amenities: Roof terrace with BBQ, bicycle storage
Features and Finishes: Floor-to-ceiling bay windows, radiant floor heating, 13’ penthouse ceilings, white oak flooring, Caesarstone counter tops, Bertazzoni ranges, Bosch dishwashers, Grohe plumbing fixtures, Porcelanosa Krion backsplash
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
870 Harrison - 505 2/1.5 898 1 $955,000 $1,063 4/1/2015
870 Harrison - 605 2/1.5 883 1 $960,000 $1,087 2/20/2015
870 Harrison - 404 2/1.5 845 1 $895,000 $1,059 1/30/2015
870 Harrison - 201 1/1 628 0 $560,000 $892 11/11/2014
870 Harrison - 202 1/1 598 0 $595,000 $995 11/11/2014
870 Harrison - 203 1/1 531 0 $575,000 $1,083 11/11/2014
870 Harrison - 204 1/1 616 0 $575,000 $933 11/11/2014
870 Harrison - 206 1/1 545 0 $535,000 $982 11/11/2014
870 Harrison - 301 1/1 628 0 $685,000 $1,091 11/11/2014
870 Harrison - 302 1/1 598 0 $615,000 $1,028 11/11/2014
870 Harrison - 303 1/1 531 0 $595,000 $1,121 11/11/2014
870 Harrison - 401 1/1 628 1 $650,000 $1,035 11/11/2014
870 Harrison - 402 1/1 598 0 $650,000 $1,087 11/11/2014
870 Harrison - 403 1/1 531 0 $575,000 $1,083 11/11/2014
870 Harrison - 501 1/1 628 1 $680,000 $1,083 11/11/2014
870 Harrison - 503 1/1 531 0 $578,000 $1,089 11/11/2014
870 Harrison - 601 1/1 613 1 $800,000 $1,305 11/11/2014
870 Harrison - 604 2/1.5 814 1 $950,000 $1,167 11/11/2014
870 Harrison - 602 1/1 583 1 $720,000 $1,235 11/10/2014
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
AMERO
1501 Filbert Street at Van Ness | Cow HollowAverage $/SqFt: $1,372
Developer: Trumark Urban Architect: NC2 Studio
Project info: 27 units, 0 BMRs, 7-stories, HOA: $560 - $765, Date on mar-ket: July 2014
Amenities: Roof terrace with BBQ/fireplace, lobby lounge, entry water feature, bicycle parking
Features & Finishes: Studio Becker cabinetry, Haussmann stone bathroom counter tops and flooring, Bolyu bedroom carpeting, DuChateau wide-plank oak flooring, Domus & Domus cabinetry, Bertazzoni range ovens, Bosch microwaves & dishwashers, Thermador refrigerators, Kohler sinks, quartz counter tops
Website: AmeroSF.com
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Amero - TH1A 3/3.5 2,345 1 $2,495,000 $1,064 4/8/2015
Amero - PH7G 2/2 1,613 2 $3,475,000 $2,154 2/27/2015
Amero - TH5F 2/2.5 1,789 1 $2,485,000 $1,389 2/27/2015
Amero - PH7C 2/2 1,040 1 $1,648,000 $1,585 2/23/2015
Amero - PH7A 2/2 1,132 2 $1,575,000 $1,391 2/2/2015
Amero - 5C 2/2 1,130 1 $1,600,000 $1,416 1/30/2015
Amero - 5G 2/2 1,770 1 $2,500,000 $1,412 1/27/2015
Amero - 6C 2/2.5 1,130 1 $1,799,000 $1,592 1/2/2015
Amero - 5D 2/2.5 1,768 1 $2,575,000 $1,456 12/16/2014
Amero - PH7E 2/2.5 1,680 2 $3,550,000 $2,113 12/6/2014
Amero - 3C 2/2 1,130 1 $1,325,000 $1,173 11/25/2014
Amero - 6A 2/2 1,220 1 $1,464,000 $1,200 11/25/2014
Amero - 4C 2/2 1,130 1 $1,450,000 $1,283 11/24/2014
Amero - PH7D 2/2.5 1,562 2 $3,700,000 $2,369 11/24/2014
Amero - 3B 2/2 1,192 1 $1,239,000 $1,039 11/22/2014
Amero - 6B 2/2 1,192 1 $1,399,000 $1,174 11/22/2014
Amero - TH1B 3/3.5 2,470 1 $2,450,000 $992 11/22/2014
Amero - TH1C 3/3.5 2,570 1 $2,325,000 $905 11/22/2014
Amero - 3D 2/2.5 1,662 1 $1,850,000 $1,113 11/21/2014
Amero - 3A 2/2 1,222 1 $1,279,000 $1,047 11/15/2014
Amero - 4A 2/2 1,220 1 $1,345,000 $1,102 11/15/2014
Amero - 4B 2/2 1,192 1 $1,289,000 $1,081 11/13/2014
Amero - 5B 2/2 1,192 1 $1,340,000 $1,124 11/13/2014
Amero - 5A 2/2 1,220 1 $1,390,000 $1,139 11/9/2014
Amero - PH7F 2/2.5 1,634 2 $3,500,000 $2,142 10/13/2014
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
35 DOLORES
35 Dolores Street at Market | Mission DoloresStatus: Approximate absorption: 6 units/month, Average $/SqFt: $1,231
Developer: Lightner Property Group Architect: Levy Design Partners
Project info: 37 units, 4-stories, HOA: $300 - $425, Date on market: September 2014
Amenities: Courtyard, double-height lobby, guest studio, rear yard, bicycle storage, dog wash, car wash area, wiring for EV charging
Finishes: Exterior louvers, fireplaces, Viking appliances, quartz counter tops, wide-plank oak flooring, porcelain tile bathroom floors, Maytag washer/dryers
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
35 Dolores - 402 2/2 1,133 1 $1,550,000 $1,368 3/31/2015
35 Dolores - 104 1/1 750 0 $895,000 $1,193 3/2/2015
35 Dolores - 105 1/1 670 0 $795,000 $1,187 2/26/2015
35 Dolores - 308 3/2 1,280 1 $1,610,000 $1,258 2/25/2015
35 Dolores - 101 2/2 1,175 1 $1,350,000 $1,149 2/19/2015
35 Dolores - 107 2/2 1,170 1 $1,495,000 $1,278 2/7/2015
35 Dolores - 206 2/2 1,188 1 $1,345,000 $1,132 2/7/2015
35 Dolores - 305 1/1 670 0 $745,000 $1,112 2/7/2015
35 Dolores - 406 2/2 1,186 1 $1,575,000 $1,328 2/7/2015
35 Dolores - 405 1/1 670 0 $800,000 $1,194 2/3/2015
35 Dolores - 201 2/2 1,152 1 $1,225,000 $1,063 1/31/2015
35 Dolores - 204 1/1 750 0 $790,000 $1,053 1/31/2015
35 Dolores - 306 2/2 1,186 1 $1,495,000 $1,261 1/31/2015
35 Dolores - 401 2/2 1,237 1 $1,495,000 $1,209 1/31/2015
35 Dolores - 404 1/1 755 1 $900,000 $1,192 1/31/2015
35 Dolores - 409 1/1 620 0 $739,000 $1,192 1/31/2015
35 Dolores - 205 1/1 665 0 $730,000 $1,098 1/30/2015
35 Dolores - 108 3/2 1,267 1 $1,695,000 $1,338 1/26/2015
35 Dolores - 106 2/2 1,170 1 $1,465,000 $1,252 1/24/2015
35 Dolores - 207 2/2 1,165 1 $1,295,000 $1,112 1/24/2015
35 Dolores - 208 3/2 1,280 1 $1,495,000 $1,168 1/24/2015
35 Dolores - 303 2/2 935 1 $1,145,000 $1,225 1/24/2015
35 Dolores - 304 1/1 755 0 $830,000 $1,099 1/24/2015
35 Dolores - 310 2/2 995 1 $1,295,000 $1,302 1/24/2015
35 Dolores - 403 2/2 935 1 $1,195,000 $1,278 1/24/2015
35 Dolores - 407 2/2 1,162 1 $1,625,000 $1,398 1/24/2015
35 Dolores - 408 3/2 1,280 1 $1,750,000 $1,367 1/24/2015
35 Dolores - 410 2/2 995 1 $1,395,000 $1,402 1/24/2015
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
THE SAN FRANCISCO SHIPYARD (1st Release)
11 Innes Court | Hunters PointStatus: Average $/SqFt: $650, Approximate absorption: 10 units/month
Developer: Lennar Urban
Date on market: June 2014
First closings: December 2014
Project info: 5-story condominium building (Merchant) & 25 town-homes (Olympia), Monthly HOA fee: $250 - $505, 9 BMRs
Amenities: Community park, shuttle service, roof terrace (Merchant)
Features & Finishes: Attached garages (Olympia), balconies & patios, Bay & City views, walk-in closets, Barbosa cabinetry, Bosch appliances, quartz and Corian counter tops, porcelain tile, sustain-able Plyboo bamboo floors
Website: TheSFShipyard.com
Unit Type Number of Units Size Range Price Range
OLYMPIA TOWNHOMES
2 - Bedroom 18 948 - 1,172 SqFt $650K - $725K
3 - Bedroom 7 1,418 - 1,587 SqFt $850K - $925K
Unit Type Number of Units Size Range Price Range
MERCHANT CONDOS
Studio 1 457 SqFt -
1 - Bedroom 29 595 - 744 SqFt $450K - $500K
2 - Bedroom 32 921 - 1,027 SqFt $550K - $750K
3 - Bedroom 1 1,158 SqFt $675K
Unit Mix & Pricing Summary
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LINEA
8 Buchanan Street at Market | Duboce TriangleAverage $/SqFt (last six months): $1,060
Date on market: August 2013
Sold-out: December 2014
Developer: Brian Spiers
Architect: Arquitectonica
Project info: 115 units, 9-stories, HOA: $450 - $675
Amenities: Attended lobby, roof terrace, courtyard
Finishes: Quartz counter tops, hardwood floors, Bertazzoni/Liebherr/Bosch appliances
DEVELOPMENT SNAPSHOT Recently Sold-Out
ARDEN
718 & 738 Long Bridge Street at 4th | Mission BayStatus: Approximate absorption: 65 units/month, All units in contract: Sep-tember 2014, Average $/SqFt: $1,135
Developer: Bosa Development; Architect: Chris Dikeakos
Project info: 267 units, 0 BMRs, 16-stories, Monthly HOA fee: $775 - $1,175
Date on market: June 2014
Closings anticipated: Q3 2015
Amenities: Attended lobbies, 75’ lap pool, spa, fitness center with changing rooms, resident’s lounge with kitchen/billiards, numerous terraces, BBQ, library, electric car share, workshop, pet grooming facility, common area WIFI and USB ports, storage
Features and Finishes: Hardwood floors, Whirlpool washer/dryers, walk-in closets, solid core interior doors, USB and fiber optic wiring, Caesarstone counter tops, Thermador appliances, Grohe plumbing fixtures
Website: ArdenByBosa.com
Unit Type Number of Units Size Range Price Range
1 - Bedroom 17 732 - 1,168 SqFt $775K - $1M
2 - Bedroom 205 995 - 1,436 SqFt $1M - $1.8M
3 - Bedroom 45 1,611 - 2,044 SqFt $1.5M - $2.5M
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Linea - 312 1/1 836 0 $749,000 $896 1/2/2015
Linea - 601 2/1 787 1 $899,000 $1,142 12/31/2014
Linea - 813 2/2 963 1 $1,090,000 $1,132 12/22/2014
Linea - 406 1/1 778 1 $829,000 $1,066 11/13/2014
Unit Mix and Pricing Summary
Closing Details
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DEVELOPMENT SNAPSHOT Recently Sold-Out
MILLWHEEL NORTH
1275 Indiana Street at 23rd | DogpatchAverage $/SqFt: $869
Developer: The R Group
Project info: 39 units, 4-stories, HOA: $400 - $450, Date on market: May 2014, Sold-out: December 2014
Amenities: Courtyard
Features & Finishes: Bonelli windows, hardwood floors, Heat & Glo fireplaces, Shaw carpeting, black marble in bathrooms, Inox polished chrome door hardware, Grohe plumbing fixtures, Elfa closet systems, GE washer/dryers, private outdoor spaces, Bellmont cabinetry, Caesarstone counter tops, KitchenAid refrigerator, Bertazzoni range ovens, Bosch dishwashers, marble flooring, Hydro Systems soaking tubs, porcelain tile bathroom floors
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Millwheel North - 403 2/2 1,096 1 $1,045,000 $953 12/16/14
Millwheel North - 405 2/2 1,215 1 $1,150,000 $947 10/28/14
Millwheel North - 103 2/2 1,467 1 $1,245,000 $849 10/24/14
Millwheel North - 101 2/2 1,360 1 $1,050,000 $772 10/22/14
Millwheel North - 102 2/2 1,121 1 $995,000 $888 10/22/14
Millwheel North - 203 2/2 1,223 1 $949,000 $776 10/22/14
Millwheel North - 206 2/2 1,221 1 $1,100,000 $901 10/22/14
Millwheel North - 301 2/2 1,316 1 $1,125,000 $855 10/22/14
Millwheel North - 304 2/2 1,094 1 $999,000 $913 10/22/14
Closing Details
MINT COLLECTION
2 & 10 Mint Plaza - 410 & 424 Jessie Street (5th & Mission) | SOMAAverage $/SqFt (last six months): $1,135
Developer: Martin Building Company
Project info: 10-stories, Monthly HOA fee: $350 - $1,200
Date on market: April 2014
Amenities: Roof terrace with BBQ, fitness center, spa
Features and Finishes: 11’6” and 11’15” ceilings, granite/concrete counter tops, acid-stained concrete floors
Development - Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Mint Collection - 6 4/4 3,321 1 $3,995,000 $1,203 4/15/2015
Mint Collection - 3 2/2 1,559 1 $1,600,000 $1,026 2/27/2015
Mint Collection - 801 2/1 1,240 1 $1,350,000 $1,089 11/5/2014
Closing Details
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DEVELOPMENT SNAPSHOT Resale
MILLENNIUM TOWER
301 Mission Street at Fremont | SOMAAverage $/SqFt (last 6 months): $1,673
Developer: Millennium Partners
Architect: Handel Architects
Project info: 419 units, 58-story high-rise & 11-story mid-rise, Monthly HOA fee: $450 - $1,750
Date on market: November 2007
Sold-out: April 2013
Amenities: Concierge, resident’s lounge, tasting room and cellar, private dining room, screening room, children’s play-room, outdoor terrace, 5,500 square-foot fitness center with Pilates/yoga studios/massage service/locker rooms/spa room/steam room/75-foot indoor lap pool
Finishes: Hardwood floors, Studio Becker cabinetry, mar-ble/quartzite counter tops, Sub-Zero/Wolfe/Miele/GE/Bosch/U-Line appliances
Development - Unit Type SqFt Parking Closing Price $/SqFt Closing Date
Millennium Tower - 32D 2/3 1,952 1 $4,000,000 $2,049 6/1/2015
Millennium Tower - 301 2/2 2,280 1 $3,600,000 $1,579 5/12/2015
Millennium Tower - 9J 2/2 1,127 0 $1,500,000 $1,331 4/17/2015
Millennium Tower - 5E 2/2 1,136 0 $1,500,000 $1,320 4/10/2015
Millennium Tower - 1004 2/2 1,400 1 $3,000,000 $2,143 4/1/2015
Millennium Tower - 32E 2/2 1,714 1 $2,775,000 $1,619 3/31/2015
Millennium Tower - 36D 2/3 1,952 1 $4,000,000 $2,049 3/10/2015
Millennium Tower - 406 1/2 1,633 1 $2,325,000 $1,424 3/2/2015
Millennium Tower - 22H 1/1 733 0 $1,080,000 $1,473 1/16/2015
Millennium Tower - 15A 2/2 1,479 1 $2,000,000 $1,352 12/15/2014
Closing Details
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DEVELOPMENT SNAPSHOT Resale
ONE RINCON HILL
425 1st Street at Harrison | SOMAAverage $/SqFt (last 6 months): $1,449
Developer: Urban West Associates
Architect: SCB
Project info: 376 units, 60-stories, Monthly HOA fee: $650 - $1,000
Date on market: January 2006
Sold-out: November 2012
Amenities: 24-hour doorman, concierge, high-speed Internet access, fit-ness center, resident’s lounge with catering kitchen, valet parking, full-size swimming pool, outdoor kitchen, outdoor fireplace
Finishes: Hardwood floors, Del Tongo cabinetry, Sub-Zero refrigerators, Bosch appliances
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
One Rincon Hill - 3103 2/2 1,328 1 $1,968,000 $1,482 5/29/2015
One Rincon Hill - 5103 2/2 1,328 1 $2,600,000 $1,958 5/29/2015
One Rincon Hill - 1803 2/2 1,278 1 $1,565,000 $1,225 4/30/2015
One Rincon Hill - 2904 3/3 1,947 1 $2,950,000 $1,515 4/28/2015
One Rincon Hill - 404 3/2.5 2,354 1 $2,400,000 $1,020 4/24/2015
One Rincon Hill - 3208 1/1 755 1 $1,079,000 $1,429 3/11/2015
One Rincon Hill - 2508 1/1 755 1 $1,059,000 $1,403 3/5/2015
One Rincon Hill - 2407 1/1 819 1 $1,150,000 $1,404 2/20/2015
One Rincon Hill - 4607 1/1 819 1 $1,288,000 $1,573 2/18/2015
One Rincon Hill - 1608 1/1 755 1 $915,000 $1,212 2/6/2015
One Rincon Hill - 5204 3/3 1,947 1 $3,530,000 $1,813 12/31/2014
One Rincon Hill - 4207 1/1 819 1 $1,200,000 $1,465 12/27/2014
One Rincon Hill - 2107 1/1 819 1 $1,075,000 $1,313 12/18/2014
Closing Details
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DEVELOPMENT SNAPSHOT Resale
THE INFINITY
301 & 333 Main Street, 318 & 338 Spear Street | South BeachAverage $/SqFt (last 6 months): $1,496
Developer: Tishman Speyer
Architect: Heller Manus/Bernardo Fort-Brescia of Arquitectonica
Project info: 650 units, one 37- and one 42-story high rise, one 8- and one 9-story podium, Date on market: June 2006, Sold-out: March 2011, HOA: $600 - $1,600
Amenities: Attended lobbies with concierge services, courtyards, 5,000 square foot fitness center, 75-foot indoor lap pool, sauna, resident’s lounge with catering kitchen, business center, screening room
Finishes: Granite counter tops, Studio Becker cabinetry, Watermark and Kohler fixtures, Bosch appliances, Bamboo flooring
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
The Infinity - 21G 1/1 807 1 $1,125,000 $1,394 5/21/2015
The Infinity - T20H 2/2 1,331 1 $1,702,000 $1,279 5/20/2015
The Infinity - 9G 3/2 1,331 1 $1,635,000 $1,228 5/15/2015
The Infinity - IT3A 2/2 1,159 1 $1,275,000 $1,100 5/6/2015
The Infinity - IT4G 0/1 538 1 $753,000 $1,400 5/6/2015
The Infinity - T26D 2/2 1,317 1 $2,420,000 $1,838 4/7/2015
The Infinity - 23B 2/2 1,317 1 $2,418,000 $1,836 3/27/2015
The Infinity - 5B 2/2.5 1,812 1 $2,369,000 $1,307 3/17/2015
The Infinity - 35A 2/2 1,268 1 $2,480,000 $1,956 3/3/2015
The Infinity - 9C 3/2.5 1,429 1 $1,850,000 $1,295 2/27/2015
The Infinity - 25H 2/2 1,317 1 $1,849,000 $1,404 2/24/2015
The Infinity - 27F 2/2 1,307 1 $2,088,000 $1,598 1/30/2015
The Infinity - 30A 2/2 1,268 1 $2,200,000 $1,735 1/23/2015
The Infinity - 14A 2/2 1,163 1 $1,415,000 $1,217 1/1/2015
The Infinity - 33G 3/2 1,610 1 $2,375,000 $1,475 12/19/2014
The Infinity - 36A 2/2 1,268 1 $2,327,500 $1,836 12/3/2014
Closing Details
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THE HAYES
55 Page Street at Gough | Hayes ValleyAverage $/SqFt (last 6 months): $1,237
Developer: Intracorp
Architect: Heller Manus
Project info: 128 units, 8-stories, Monthly HOA fee: $300 - $500
Finishes: Studio Becker cabinetry, granite counter tops, bamboo flooring
Amenities: Attended lobby, fitness center, roof terrace
DEVELOPMENT SNAPSHOT Resale
ONE HAWTHORNE
1 Hawthorne Street at Howard | SOMAAverage $/SqFt (last 6 months): $1,276
Developer: Jackson Pacific Ventures
Architect: EHDD
Project info: 165 units, 25-stories, Monthly HOA fee: $500 - $750
Date on market: January 2010
Sold-out: May 2013
Amenities: Fitness center, roof terrace with BBQ, attended lobby
Finishes: Quartz and limestone counter tops, hardwood floors, Studio Beck-er cabinetry, Bosch appliances
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
The Hayes - 824 2/2 1,023 1 $1,367,000 $1,336 5/8/2015
The Hayes - 726 2/2 1,023 1 $1,225,000 $1,197 4/10/2015
The Hayes - 310 1/1 739 1 $899,000 $1,217 3/23/2015
The Hayes - 514 0/1 476 1 $564,000 $1,185 3/4/2015
The Hayes - 515 1/1 750 1 $905,000 $1,207 2/6/2015
Unit Type SqFt Parking Closing Price $/SqFt Closing Date
One Hawthorne - 9C 2/2 1,298 1 $1,725,000 $1,329 4/15/2015
One Hawthorne - 3E 1/1 824 1 $949,000 $1,152 4/10/2015
One Hawthorne - 21C 2/2 1,313 1 $1,800,000 $1,371 2/27/2015
One Hawthorne - 11E 2/2 1,246 1 $1,500,000 $1,204 1/26/2015
Closing Details
Closing Details
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UPCOMING CONDOMINIUM DEVELOPMENTSDevelopment Developer / Owner Area Sales
Commence Units
Luxe - 1650 Broadway Street at Van Ness Belrich Partners Van Ness Corridor Q2 2015 34
2655 Bush Street at Divisadero KB Home Lower Pac Heights Q2 2015 81
Park 181 - Fremont Street at Howard Jay Paul Company Transbay Q2 2015 67
1450 Franklin Street at Bush Village Properties Western Addition Q3 2015 67
1001 17th Street at Pennsylvania 1001 17th Street Associates Potrero Hill Q3 2015 26
Onyx Phase II - 310 Carolina Street at 17th LNF Partners Potrero Hill Q3 2015 21
832 Sutter Street at Jones n/a Lower Nob Hill Q3 2015 20
1868 Van Ness Avenue at Sacramento JS Sullivan Nob Hill Q4 2015 35
388 Fulton Street at Franklin 7x7 Development Hayes Valley Q4 2015 61
450 Hayes Street at Gough DDG/DM Hayes Valley Q4 2015 41
Pacific - 2155 Webster Street at Sacramento Trumark Urban Pacific Heights Q4 2015 76
Knox - 645 Texas Street at 22nd Trumark Urban Potrero Hill Q1 2016 91
Rowan - 346 Potrero Avenue at 16th Trumark Urban Potrero Hill Q1 2016 75
580 Hayes Street at Laguna Laguna Hayes LLC Hayes Valley Q1 2016 29
1450 FRANKLIN580 HAYES
ROWAN
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UPCOMING APARTMENT DEVELOPMENTSDevelopment Developer / Owner Area Leasing to
Commence Units
Azure - 690 Long Bridge Street Equity Residential Mission Bay Q2 2015 273
Jasper - 45 Lansing Street at 1st Crescent Heights South of Market Q2 2015 320
Alta Laguna - 55 Laguna Street at Market Wood Partners Hayes Valley Q3 2015 280
101 Polk Street at Hayes Emerald Fund Mid-Market Q3 2015 143
340 Fremont Street at Folsom Equity Residential South of Market Q3 2015 332
1321 Mission Street at 9th (Efficiency Units) Panoramic Interests South of Market Q3 2015 160
1401 Mission Street at 10th Behringer Harvard South of Market Q3 2015 117
299 Fremont Street at Folsom Golub and Company South of Market Q3 2015 409
350 8th Street at Harrison AIG Global/Associated Estates South of Market Q4 2015 408
2198 Market Street at Sanchez Greystar Upper Market Q1 2016 87
360 Berry Street at 5th Integral Group/Argosy RE Mission Bay Q2 2016 129
EQR Potrero - 1000 16th Street at Missouri Equity Residential Potrero Hill Q2 2016 453
Echelon - 399 Fremont Street at Harrison UDR/MetLife South of Market Q2 2016 452
1 Henry Adams at Division Equity ResidentialSOMA - Design
DistrictQ4 2016 241
1201 Tennessee Street at 22nd AGI/Avant Housing Dogpatch Q1 2017 259
801 Brannan Street at 8th Equity ResidentialSOMA - Design
DistrictQ1 2017 599
Trinity Place - Market & 8th Trinity Properties South of Market Q1 2017 550
ALTA LAGUNAEQR POTRERO
350 8th
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Approved, Under Review and ConceptualArea Approved Under Review Conceptual
Bayview/Hunters Point/Candlestick Point 12,600 499 3,780
Dogpatch 360 907 1
Hayes Valley 151 170 24
Mid-Market 32 2,628 0
Mission 141 1,489 141
Mission Bay 692 1,500 0
Northern Neighborhoods 132 1,415 0
Potrero Hill 131 1,019 323
South of Market 2,580 5,933 888
Southern Neighborhoods 1,875 1,001 461
Transbay 940 657 0
Treasure Island 8,619 0 0
Upper Market 24 222 0
Van Ness Corridor 0 1,413 0
Western Neighborhoods 9,007 574 550
Total 37,284 19,427 6,168
Under Construction (by product type)Area Condominiums Apartments All
Dogpatch 0 259 259
Hayes Valley 131 280 411
Mid-Market 0 143 143
Mission 12 0 12
Mission Bay 0 402 402
Northern Neighborhoods 279 0 279
Potrero Hill 213 453 666
South of Market 0 3,588 3,588
Transbay 67 0 67
Upper Market 0 87 87
Van Ness Corridor 34 0 34
Totals 736 5,212 5,948
The category, under construction - condominiums, does not include developments which are preselling units. These developments are categorized as Currently Selling.
Northern Neighborhoods covers Cathedral Hill, Western Addition, Pacific Heights, Nob Hill, Lower Nob Hill, Financial District, Russian Hill, Telegraph Hill, North Beach & Marina/Cow Hollow.
Southern Neighborhoods covers Oceanview, Glen Park, Outer Mission, Mission Terrace, Visitacion Valley.
Western Neighborhoods covers Park Merced, Parkside, Forest Knolls, Richmond, Sunset, Laurel Heights.
PIPELINE SUMMARY
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SAN FRANCISCO RESIDENTIAL SUPPLYPROJECTED SUPPLY
New apartment supply should swell by the start of 2017, while new condominiums should be nearly depleted. This may encourage developers to sell apartment units as condominiums instead. The potential for this sea change depends largely on the type of developer (REIT versus others), debt structures and market pricing. Many developers “condominium map” units, in order to have such flexibility. This was a phenomenon which occurred in the last market cycle, and is likely to occur again.
HISTORICAL SUPPLY
Roughly 1,500 housings units have been produced year-to-date. There are approximately 7,500 units currently under construction (including units in Developments which are preselling units).
532909 906 909
1,2251,859 1,619
2,2602,730
1,780 1,872 1,6752,197
3,0193,366
1,082348
794
2,330
3,454
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Uni
ts
Historical Supply
1,0301,188
925720
344107 21 0
875
2,110
1,085
556
1,131
674 666
1,714
0
500
1,000
1,500
2,000
2,500
Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017
Uni
ts
Projected Supply
New Condominiums New Apartments
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ABOUT VANGUARD PROPERTIES DEVELOPER SERVICESVanguard Properties expertly guides urban residential developers. Core consulting services include Research, Land Acquisition, Design, Branding and Sales Strategy. From concept to close-out, Vanguard leads the way. For a list of developments, visit VanguardSF.com
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VANGUARD PROPERTIES REPORT DISCLAIMER
Data sources for this Report include but are not limited to SFAR MLS, the San Francisco Planning Department, development mar-keting websites and industry news/information outlets. The information in this Report is subject to errors, as it is compiled from multiple sources, with varying degrees of accuracy and currency. This Report should not be reproduced or distributed, in whole or in part, without the prior written consent of Vanguard Properties. The statements in this Report, which are not historical facts, are projections or estimates based on Vanguard Properties’ opinions and expectations of future market performance. Although the information presented is believed to be correct, no representation is made by Vanguard Properties as to the accuracy or complete-ness of the information. The information presented may be subject to updating, revision or verification, and such information may change in a material nature. This is not an offer to sell property, and is intended for information purposes only. This Report should not be relied upon or utilized in making investment decisions. ©2015 Vanguard Properties, All rights reserved.