26-Unit Building, ‘Community Beer Hall’ Coming to Hayes Valley

26-Unit Building, ‘Community Beer Hall’ Coming to Hayes Valley

The team behind the much-praised 8 Octavia in Hayes Valley has set their sights on a new location right next door. Linden Partners is currently developing a new building along Octavia, between Page and Rose, which will house 26 studio, one- and two-bedroom units. The developers recently closed on what was originally Parcel T, which became available following the demolition of the Central Freeway, and have released renderings of the new housing development. In addition to the new condos and ground-floor retail, developers have plans for a street-level community beer hall as well, which developers are calling, “a living room for the neighborhood.” The beer hall concept could be a replacement for the SF Biergarten, which has found a temporary home down the street on Parcel L. ‘Smaller, More Economical’ Units The five-story building includes condos on the upper four floors, with the first floor devoted to the beer hall and additional retail space. As far as the units themselves, they won’t be as spacious as other new construction buildings. The design team notes that to take better advantage of the space, the units will be “smaller and more economical.” Information about floor plans and square footage has not yet been released. Other features include 13 underground parking spaces, 6 spots for car-shares, and street-level landscaped areas. Like 8 Octavia, the new project will feature a distinctive façade. Edmonds+Lee, the team behind the design, said they incorporated a contemporary version of traditional Victorian Bay windows, but the building is certainly modern and will complement other buildings in the neighborhood. Blocks from the Heart of Hayes Valley Since the demolition...
San Francisco Condo Watch: Prices Still Climbing, As New Developments Open in Q3

San Francisco Condo Watch: Prices Still Climbing, As New Developments Open in Q3

The price of new construction condos in San Francisco continues to grow. According to The Mark Company’s August Condo Pricing Index, the average price per square foot of a new condo in San Francisco was $1,119, a 10 percent jump year-over-year. So it’s no surprise we’re seeing some record listing prices in the city. Just last month, a luxury two-bedroom at 8 Octavia in Hayes Valley listed for $1,384 per square foot – a record price per square foot for the neighborhood. This summer has been a sales bonanza for many developments in the city. By the end of August, Arden by Bosa in Mission Bay had sold nearly all of its 267 units, with just 17 available. That equates to an impressive rate of 62 units per month since opening in May. Other smaller boutique buildings, including 1515 15th (45 units) in the Inner Mission and 1645 Pacific (34 units) in Lower Pacific Heights took just three months to sell out. And similarly, only 2 of the 39 units at Millwheel North in Dogpatch have sold since the development’s sales office opened in May. SF New Condo Inventory Update: New Developments Opening This Fall In August, new construction inventory dropped 10 percent month-over-month compared to July, with 386 units available during the month. Two new developments – the SF Shipyard and Summit 800 – both of which haven’t yet released sales data – helped improve new construction availability in San Francisco. Both developments accounted for 260 new units coming online this summer. Here’s a broader snapshot of the city’s 386 available units: 8 Octavia – Hayes Valley –...
Along with New Condos, Specialty Grocers and New Restaurants Go Up

Along with New Condos, Specialty Grocers and New Restaurants Go Up

Specialty Grocers and New Restaurants This year, is going to be a banner year for new restaurants and specialty grocers in San Francisco. Many set are set to open in 2014 and they complement San Francisco booming residential developments in Mid-Market, Mission Bay and the areas around Upper Market/Castro. In Mission Bay, for instance, residents are welcoming a new 10,000-square-foot specialty food marketplace called Market Hall. It’s one of the first such grocers to open in the rapidly developing neighborhood, and it won’t be your average grocery store. Instead, Market Hall, which may be open as early as Labor Day, will be much more like San Francisco’s Ferry Building, with local and craft food vendors selling fresh produce, seafood and meat. The “specialty foods emporium” will also feature wine and beer for sale, as well as other local wares. Though the neighborhood is still developing, there are already many sources of great food in Mission Bay. For instance, the Mission Bay Farmer’s Market at UCSF, which is held every Wednesday year-round, has been a smashing success in the neighborhood, with regional food vendors selling fresh, locally-sourced produce, meat, cheese and seafood. Market Place Concept Coming to Twitter HQ It seems the Ferry Building-style concept, like that at Market Hall, is catching on around The City, as well. Market Square, which will be located on the ground floor of Twitter’s Mid-Market headquarters, is opening this fall as well, and many SF foodies are eying the development. The owners of Small Foods, a SoMa-based food outlet, have planned a 22,000-square-foot food emporium called The Market, and the concept will be very...
San Francisco’s Blossoming “Transbay Neighborhood” Will Transform Downtown

San Francisco’s Blossoming “Transbay Neighborhood” Will Transform Downtown

The sparkling Transbay Transit Terminal, which has been dubbed the “Grand Central Station of the West,” is transforming a huge area in San Francisco’s SoMa neighborhood. Just south of Mission Street, between Second and Beale streets, the Terminal will be a state-of-the-art facility, and around the transit complex construction is booming. In fact, there’s intense interest in all the new real estate here. Recently, Salesforce.com inked a blockbuster lease agreement for the Transbay Tower. It was city’s largest lease agreement ever and will include naming rights. And the residential buildings sprouting around the terminal are already courting interested buyers. But with so many different buildings popping up, each led by different developers and designed by a stable of all-star architects, it’s impossible to keep all the details straight. Of the 12 parcels, or blocks, that have been zoned residential, four are under construction and one is already online, and plans are already in moving forward for a handful of high-rise office buildings, as well. Here’s what’s in store: Transbay Commercial Buildings With increased height limits, the Transbay development will attract quite a few businesses. An additional 3 million square feet of office and commercial space are planned, as well as more than 100,000 square feet of retail. Transbay Terminal: Set to be completed in 2017, the terminal will be the regional hub for 11 different transportation agencies. The five-story terminal will connect light-rail, busses and high-speed rail to the city and rest of the Bay Area, including an underground connection with the CalTrain station. Included in the plans are a 5.4-acre park similar to Manhattan’s Highline Park, an amphitheater,...
MOVE-INS THIS SUMMER AT 8 OCTAVIA

MOVE-INS THIS SUMMER AT 8 OCTAVIA

Construction at 8 Octavia is moving along and we are excited to share the building’s louver system has begun installation and the exterior façade is starting to reveal itself. The wide-plank oak flooring from the Benedictine monastery of Admont, Austria arrived last week and will soon be set within each...