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September 2016 San Francisco Residential Development

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September 2016 San Francisco Residential Development SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 NAVIGATION Click page numbers to be taken directly to page NEWS & FORWARD MARKET HIGHLIGHTS DESIGN PERFORMANCE p. 3 p. 4 p. 5 ROWAN 1450 FRANKLIN SHIPLEY HOUSE ONE FRANKLIN 181 FREMONT ONE MISSION BAY THE HARRISON THE PACIFIC 388 FULTON 450 HAYES THE DISTRICT LUMINA ROCKWELL LUXE FULTON 555 72 TOWNSEND SHIPYARD SUMMIT 800 Click development to be taken directly to page CURRENTLY SOLD-OUT & UPCOMING SELLING RESALE PROJECTS p. 6 p. 31 p. 34 Click development to be taken directly to page 1001 17TH MILLENNIUM TOWER ONE RINCON HILL REPORT NOTES PIPELINES & ABOUT & While the Report focuses on con- dominiums, select information on apartments has been presented. PROJECTIONS DISCLAIMER The most recent available data has been used, with data from August 2015/2016 used for comparisons and statistics. Below Market Rate (BMR) and senior housing units have been omitted from closings and statistics where possible. Note that it can take a few months before p. p. unit closings appear in the public re- 36 38 cords. Absorption is measured from the start of sales until the current period. The Report covers develop- ments with over 4 units. HOA dues include parking fees, where appli- cable. PG.2 SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 CLICK TO RETURN TO THE NAVIGATION PAGE NEWS & HIGHLIGHTS n initial list of closings has been released for AThe Harrison. see page 12 for details ust five units remain at Shipley JHouse. see page 8 for details dditional closings have been released Afor 450 Hayes. see page 16 for details dditional closings have been released for ALumina’s Tower B. see page 24 for details n initial list of closings have been released Afor The Rockwell. see page 25 for details dditional closings have been released for ALuxe. see page 26 for details PG.3 SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 CLICK TO RETURN TO THE NAVIGATION PAGE FORWARD DESIGN iematic Lotus White cabinetry with channel Spulls and integrated refrigerator (450 Hayes) Dornbracht bathroom faucets (The Pacific) Kohler Purist kitchen faucets (One Mission Bay) Suspended, museum wall base (181 Fremont) PG.4 SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 CLICK TO RETURN TO THE NAVIGATION PAGE MARKET PERFORMANCE Median $/SqFt Currently Year-Over-Year Month-Over-Month New Condominium $1,337/SqFt + 7% - Resale Condominium $1,012/SqFt - 2% - NEW CONDOMINIUM PRICING & VOLUME Median Price & Closing Volume 600 $2,000,000 500 $1,500,000 Most Recent Quarter 400 Median: $1,778,000 300 $1,000,000 200 Units Closed: 103 $500,000 100 Units Available: 1,172* 0 $0 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Number Closed Median Sale Price * Market-rate; As of September 2016 RESALE CONDOMINIUM PRICING & VOLUME Median Price & Closing Volume 800 $1,150,000 $1,100,000 600 Most Recent Quarter $1,050,000 Median: $1,100,000 400 $1,000,000 $950,000 Units Closed: 579 200 $900,000 Units Available: 226* 0 $850,000 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Number Closed Median Sale Price * Market-rate; As of September 2016 NEW APARTMENT PRICING & OCCUPANCY Average Price & Occupancy 94.0% $4,100 93.0% $4,000 92.0% $3,900 Most Recent Quarter 91.0% $3,800 Average: $4,010 90.0% $3,700 Occupancy: 92% 89.0% $3,600 88.0% $3,500 Q3 2014 Q4 2014 Q1 2015 Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Occupancy Average Price PG.5 SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 CLICK TO RETURN TO THE NAVIGATION PAGE DEVELOPMENT SNAPSHOT Coming Soon ROWAN 338 Potrero Avenue at 16th | Mission Pre-sales: September 2016 Average $/SqFt (estimated): $1,300 Project specs: 70 units, 9-stories, 43 parking spaces, 11 BMRs Developer: Trumark Urban Architect: Handel Features & Finishes: Braewood Ebony entry doors, Domus and Domus cabinetry, Duravit/Kohler/Ameri- can Standard plumbing fixtures, Quartz counter tops, Bertazzoni ovens/gas cook tops, Bosch dishwashers, Ceramic tiled bathroom floors, Wood flooring in living areas, Carpeted bedrooms, Nest thermostats, Juliet balconies, Floor-to-ceiling windows Amenities: Roof terrace with seating/BBQ/fire pit/ green wall, Landscaped courtyard Website: RowanSF.com UNIT MIX Unit Type # Of Units SqFt Range Average SqFt One-bedroom 38 654 - 772 SqFt 669 SqFt Two-bedroom 30 831 - 1,229 SqFt 866 SqFt Three-bedroom (penthouse) 2 1,277 - 1,282 SqFt 1,280 SqFt PG.6 SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 CLICK TO RETURN TO THE NAVIGATION PAGE DEVELOPMENT SNAPSHOT Currently Selling 1450 FRANKLIN 1450 Franklin St at Bush | Lower Pac Heights Pre-sales: September 2016 Average $/SqFt (sample listings): $1,224 Project specs: 67 units, 13-stories, 70 parking spaces Developer: Rob Isackson - Village Properties Architect: Frederick Meyer Features & Finishes: Quartz counter tops, High- gloss kitchen cabinetry, Bosch appliances, Wine refrigerators, Hansgrohe plumbing fixtures, Stainless steel kitchen sinks, Waterworks bathroom faucets, Frame-less glass showers, Floor-to-ceiling porcelain tiled bathrooms, Oak flooring, LED track lighting, Air conditioning, Floor-to-ceiling windows, One balcony or terrace per unit Amenities: Roof terrace with fire pit, Port cochere, Bicycle parking, Available storage units Website: 1450FranklinSF.com SAMPLE LISTINGS Unit Type SqFt HOA $* Parking Listing Price $/SqFt 604 0/1 699 $662 1 $865,000 $1,237 1003 1/1 699 $662 1 $949,000 $1,358 405 2/2 1,325 $961 1 $1,519,000 $1,146 1006 2/2 1,273 $938 1 $1,559,000 $1,225 UNIT MIX Unit Type # Of Units SqFt Range Average SqFt Studio 9 699 SqFt 699 SqFt One-bedroom 12 691 - 1,173 SqFt 780 SqFt Two-bedroom 42 1,076 - 1,585 SqFt 1,272 SqFt Three-bedroom Penthouse 4 1,829 - 2,076 SqFt 1,970 SqFt PG.7 SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 CLICK TO RETURN TO THE NAVIGATION PAGE DEVELOPMENT SNAPSHOT Currently Selling SHIPLEY HOUSE 236 Shipley Street at 5th | South of Market Status: Approximately 5 units available Average $/SqFt (closings): $1,270 Project specs: 15 units, 2 BMRs, 4-stories Date on Market: July 2016 Developer: V Shipley Street LLC Architect: D Scheme Studio Interiors: Chris Miniello Features & Finishes: Wide-plank oak flooring, Fire- places with cold rolled steel surround, Merit Show- case cabinetry, Quartz counter tops, Liebherr and Bosch appliances, Grohe and Hansgrohe fixtures, Italian porcelain tile in baths, Duravit soaking tubs, LED lighting, Available storage Amenities: Bicycle parking and repair station by Dero, Roof terrace Website: ShipleyHouseSF.com SAMPLE FLOOR PLANS ONE-BEDROOM TWO-BEDROOM CLOSET BEDROOM LIVING ROOM BATHROOM KITCHEN MASTER BEDROOM LIVING ROOM BEDROOM W/D CLOSET CLOSET BATHROOM KITCHEN W.I.C. MASTER BATHROOM LIVING ROOM BATHROOM W/D BEDROOM CLOSET W/D KITCHEN CLOSET CLOSET CLOSING DETAILS SAMPLE LISTINGS Closing Unit Bed/Bath SqFt HOA $ Closing $ $/SqFt Date Unit Type SqFt HOA Parking $ $/SqFt 303 1/1 $486 $660,000 Aug 16 304 2/2 858 $861 1 $885,000 $1,031 301 1/1 467 $465 $592,000 $1,268 Aug 16 402 2/2 940 $889 1 $985,000 $1,048 305 1/1 514 $482 $652,000 $1,268 Sep 16 401 1/1 467 $465 $595,000 $1,274 Aug 16 PG.8 SAN FRANCISCO RESIDENTIAL DEVELOPMENT SEPTEMBER 2016 CLICK TO RETURN TO THE NAVIGATION PAGE DEVELOPMENT SNAPSHOT Currently Selling ONE FRANKLIN 1 Franklin Street at Market | Hayes Valley Status: 4 market-rate units available, Average $/SqFt (sample listings): $1,289, Approximate absorption: 10 units/month Project specs: 35 units, 4 BMRs, 8-stories, HOA: Ap- prox. $545 - $640, No parking Ground broken: Q1 2015 Date on Market: June 2016 First Closings: September 2016 Developer: JS Sullivan Architect: Forum Design Features & Finishes: Wide-plank oak flooring, Air conditioning, Bertazzoni ranges, Silestone quartz counter tops, Grohe fixtures Amenities: $2,500 in Uber credits, $2,500 in Luxe valet parking credits, One year of Hello Alfred butler service, Courtyard, Sixth-floor deck with BBQ Website: OneFranklinSF.com 1 FRANKLIN STREET, SAN FRANCISCO, CALIFORNIA 94102 415.863.1111 [email protected] FRANKLIN STREET, ONEFRANKLINSF.COM SAN FRANCISCO, CALIFORNIA 94102 415.863.1111 [email protected] FRANKLIN STREET, ONEFRANKLINSF.COM SAN FRANCISCO, CALIFORNIA 94102 415.863.1111 [email protected] ONEFRANKLINSF.COM SAMPLE FLOOR PLANS STUDIO ONE-BEDROOM TWO-BEDROOM C C C C BEDROOM BATH BEDROOM BALCONY BATH W/D RESIDENCE RESIDENCE RESIDENCE KITCHEN KITCHEN BATH W/D FRANKLIN ST FRANKLIN ST FRANKLIN ST C 203 202 PAGE ST 401 PAGE ST PAGE ST KITCHEN LIVING ROOM Studio 1-bedroom 2-bedroom 1-bathroom 1-bathroom 1-bathroom C approx. 445 sq ft approx. 525 sq ft N approx. 812 sq ft N N BEDROOM LIVING ROOM C W/D PLAN NOT TO SCALE. Floor plans areSAMPLE drawn to varying scales to maximize visibilityLISTINGS when printed. The floor plans, elevations, renderings, features, finishes and specifications are subject toPLAN change NOT at any TO time SCALE. and should Floor not plans are drawn to varying scales to maximize visibility when printed. The floor plans, elevations, renderings, features, finishes and specifications PLANare subject NOT to TOchange SCALE. at any Floortime andplans should are drawn not to varying scales to maximize visibility when printed. The floor plans, elevations, renderings, features, finishes and specifications are subject to change at any time and should not be relied on as representations, express or implied. Square footage or floor areas shown in any marketing or other materials is approximate and may be more or less than the actual size. Real estate beconsulting, relied on sales as representations, and marketing expressby or implied. Square footage or floor areas shown in any marketing or other materials is approximate and may be more or less than the actual size.
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