Bay Area Real Estate News – February 2007

Check out these highlights in San Francisco’s condominium boom! This list is just a fraction of the projects going up in San Francisco’s Rincon Hill and Transbay neighborhoods, both of which promise to redefine luxury living in San Francisco for years to come.

– Get ready San Francisco! A new building proposed on December 21st of last year would be the third tallest in the country at 1,200 feet, part of a massive project that will contain more than 600 luxury condominiums. Still years away from entitlement, the skyscraper would dramatically alter the city’s skyline and anchor the new Transbay Terminal project at First and Mission Streets. Designed by one of the most exciting contemporary architects in the world, Renzo Piano, the building is estimated to cost $1 billion if built. Check it out here.

– It’s been in the works for awhile, but new renderings are now available for the long awaited condominium tower at 301 Mission Street in San Francisco. Known as the Millennium Tower, the building will house upwards of 400 new condominium units for the discerning investor or homeowner.

– South of Market just keeps getting hotter! Among other projects, financing was approved last month for the new 20-story condo tower at 631 Folsom. The project will feature 108 luxury units and six two-story penthouses. The whole thing should be up and running within two years. And another: 170 Off Third will bring about 200 more units to the South Beach neighborhood, and their sales office should be opening early next year.

– But don’t forget the rest of the city: Ghirardelli Square is soon to host 54 ultra-upscale units that will be sold in fractions, with each owner having access to the property for a certain length of time each year. A one-tenth share in the new development is expected to cost $250,000, and comes with full spa and concierge services, as if you needed more than a new home in one of San Francisco’s hottest tourist destinations.