Todd Montgomery, offered some key insights into buying in the new construction market. "We are standing at an interesting crossroads at the moment - with more buyers in the SOMA and South Beach markets than ever and a limited supply..."
San Francisco, CA (PRWEB) March 30, 2012
The first development on our radar is Millwheel South, the first of a two phase construction project to begin this Spring. Located at Indiana and 23rd Street, Millwheel South (and its counterpart Millwheel North, scheduled to open in 2013) offers incredible convenience to commuters with access to the 3rd street MUNI rail line, the 280 and 101 freeways, and local Dogpatch mainstays like Piccino Café, Kitchenette, and The Sandwich Shop (highly recommended). Phase 1 will offer buyers 32 new 1200-1500 square foot units that should be priced between $500-800k. Millwheel South’s sales office just opened, so call us today for more info.
Next on the list is the buzz worthy Homes on Espirit Park development. These Dogpatch homes feature over 25 different floor plans with large 1 and 2 bedroom flats and town-homes. With city, water, and park views, these luxurious condos will feature amenities like large patios, landscaped courtyards, a fitness center, theatre room, and all buildings are dog-friendly. Prices will likely be in the $600,000-$1.1m range, meaning options are available for all interested parties.
1029 Natoma is the third proposed new development in 2012. Building on the success of 1028 Natoma, located right across the street, this development will fill a long empty lot with 4 new residential units. With condos priced at around $800k, these convenient homes would make a perfect fit for San Franciscan urbanites looking for short commute times and neighborhood convenience. More info to come soon on this exciting new development.
Our resident One Hawthorne superstar, Todd Montgomery, offered some key insights into buying in the new construction market. "We are standing at an interesting crossroads at the moment - with more buyers in the SOMA and South Beach markets than ever and a limited supply, a new game is being played this year, and it looks like the sellers are holding all the cards. With the current state of the the market, buyers must look to re-shift their strategy to find something more priced to market and most importantly, something they are happy with." One Hawthorne, one of the city's last new construction projects is now 82% sold with the upper floors being released to buyers this season. The continuing interest in new construction, spurred on by the rebounding tech sector in San Francisco's downtown, is a very positive sign of growth for the city, so expect more big announcements of new developments in the months to come.
Contact Climb Real Estate today for more information on these and other new construction projects in San Francisco.
About Climb Real Estate Group: Climb Real Estate Group is a full-service general real estate brokerage with an emphasis on the purchase, sale, rental and marketing of select residential new developments, commercial and premier resale properties. We specialize in condos, high rises, lofts and homes in South Beach, SOMA, South Beach, Mission Bay, Rincon Hill, Potrero Hill and Central Waterfront. Our focus is on urban-style properties, specializing in new construction, historic loft conversions, live/work spaces, Victorian flats, modern condominiums, and stylish single-family homes. We also have exclusive access to Off-Market Listings, Foreclosures and Developer Specials.