San Francisco: 2,700 New Condos On Sale Soon
SocketSite™: 2,700 New Condos On Sale Soon
2,700 New Condos On Sale SoonThank a change in state legislation (allowing for 3% non-refundable pre-construction deposits) for the boom in new development sales centers slated to open this spring/summer. One such sales center, the 9,000-square-foot, $2.5 million sales center for One Rincon Hill, will feature “a fully appointed, two-bedroom model apartments [sic] with lightboxes simulating views both night and day.”
In total, sales centers representing at least 2,700 new condos should open within the next six months. Included in the mix:
170 Off Third – 198 condos
255 Berry (open) – 99 condos
The Arterra – 268 condos
Broderick Place (open) – 70 units
The Hayes – 128 condos
The Infinity – 650 condos
One Rincon Hill – 695 condos
The Palm (open) – 300 condos
Park Terrace – 110 condos
SoMa Grand – 246 condos
Wow, that’s a lot of condos coming online!
May 7th, 2006 at 8:52 pm
To me, this either means:
A.) Rents are going to drop
B.) Real Estate is going to drop
May 10th, 2006 at 3:45 pm
It just mean’s things are going to get expensive. Well I can alway’s put my digital door lock on them.