San Francisco Market Update

San Francisco Market Street that is…

There is a surge of new construction going on in San Francisco right now and Market Street seems to be prime real estate.  All around Market Street you see multiple structures covered in black tents with enormous cranes and signs out front saying “Coming Soon”.  So out of normal curiosity, I had to research and find out more.  I discovered “tech companies such as Uber and Square have leased or bought over 1 million square feet along the central Market corridor in the last two years along with the development of residential properties such as 55 9th and Nema”, according to Curbed SF.

Numerous tech companies are headquartered in San Francisco such as Salesforce, LinkedIn, Twitter, Eventbrite, Hotwire, Trulia, Pandora, Square, Yelp, Paypal, Pinterest, FourSquare, Uber cabs, AirBnB and Zynga to mention a few.  Others run shuttles from SF to their headquarters such as Facebook, Google, Yahoo and Apple.  As these companies grow or new ones develop the demand to live in SF with continue to grow exponentially over time.  Here are some of the changes you can expect over the next year in residential development in the mid Market area.

2299 Market
Name: ICON
Website: http://www.icon-sf.com

ICON condo building, 2299 Market Street, san francisco

ICON Condo Building

Overview: This is a high-end 18-unit luxury condominium with 8 one bedroom, 8 two bedroom and two penthouses.  This luxury building offers only the best.  Features include a modern open living plan, gourmet kitchen appliances, white oak finished hardwood floors, recessed lighting, surround sound audio speakers, plasma TV hook ups, in unit washer/dryer hook ups and spa inspired bathrooms.  There is elevator access to all levels, landscaped common areas and a roof top sundeck.  The size of the units ranges from 600-1500 square ft. and they are priced slightly over $1000/per sq ft.

Sales: currently available on the market

Contact the buying agent

2200 Market Street
Name: The Century
Website: http://thecenturysf.com

2200 Market Street new condo development in san francisco

The Century

Overview: This is a mixed use building with two floors of commercial space and above sits 22 one and two bedroom condominiums.  Not much else is known about the building plans except they market it as “unique” architecture.  It is situated among the other new developments that will increase the population and create more of a demand for restaurants and retail stores in the area.  It has easy public transportation and conveniently located in close to the trendy neighborhoods: Duboce triangle, Hayes Valley and the Castro.

Sales expected: pre-registration available
Completion date: Spring 2014

Contact the buying agent

2001 Market Street
Website: http://2001marketsf.com

2001 Market street image, new construction in SF

2001 Market Street

Overview: The ground floor will be Whole Foods Market and above the store will be 80 high-density residential condominiums (50% or more = 2 bedroom units or more).  This development evolves around creating a “Green Living” space to enhance the neighborhood.  Recycled and Sustainable materials are used in the building materials and residential finishes.  It has easy access to Muni Metro, Bart and city buses as well as city car share in the garages.  Bicycle parking for residents and retail shoppers.  It maximizes its energy efficiency using the latest technology available for irrigation and electricity.  They support local non-profits and the market buys from local sources when possible.

(*Very trendy: Going “Green” in San Francisco)

Sales expected: unknown/not available
Completion date: Fall 2013

Contact the buying agent

1998 Market Street /8 Buchanan
Name: Linea
Website: http://lineasf.com

LInea Condo in SF

Linea

Overview: 115 new condos modernly designed to exude luxury and style.  The entire building is a wall of glass framed by bold geometric pillars.  There will be high end finishes throughout the common areas such as porcelain tile floors, white oak wood panels and Italian marble accents.  It will also include indoor and outdoor landscaping with an amazing rooftop terrace for entertaining

Sales expected: Summer 2013 (not currently being sold as of 7/24)
Completion Date:  Beginning of 2014

Contact the buying agent

As technology companies continue to grow and expand the mid market area, there is an increase in the number of “tech-savy” apartments to lease as well.  To find out more details about each building and their leasing options visit the websites:

Nema (1401 Market) : http://rentnema.com

Ava (55 9th Street): http://www.avaat559thapartments.com

Mosso (900 Folsom) mossosf.com

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