san francisco residential development june 2015

SAN FRANCISCO RESIDENTIAL DEVELOPMENT

JUNE 2015

S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G .1

REPORT NOTES

While the Report focuses on condominiums, select information on apartments has been presented as well. The most recent available data has been used, with data from MAY 2014/2015 used for comparisons. Be-low Market Rate (BMR) and senior housing units have been omitted from closings and statistics. Note that it can take a few months before unit closings appear in the public records.

CONTENTS

S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015P G . 2

Redevelopment efforts at the Schlage Site in Visitacion Valley are well underway, with the Developer work-ing through design and programmatic elements. The first phase consists of nearly 600 units plus a planned grocery store. In 1926, Schlage Lock opened a manu-facturing Plant on the Site. In 1999, after a sale of the Company, the manufacturing facility was closed. After nearly ten years of planning efforts, the City approved a development plan for the Site mid last year. In all, the 20 acre Site will result in nearly 1,700 units, with 15% desig-nated Below Market Rate. Nearly 50,000 square feet of planned retail will supplement the existing retail district on Leland Avenue. Two acres of planned open space in-clude a park and greenway. An extension of the existing street grid onto the Site, will create a sense of continuity with the existing neighborhood. The Site has the distinct advantage of being adjacent to a CalTrain Station and a Muni Metro Stop. The Site is also within close proximity to McLaren Park, the City’s second largest park, which includes Coffman Pool. Infrastructure construction on the site could commence as early as next year. Recently, a second Developer announced plans to build some 200 units on a plot of land adjacent to the Schlage Site. For additional information, visit SFPlanning.org.

DEVELOPMENT NEWS...

STATE OF DEVELOPMENT

CURRENTLY SELLING

Preselling has commenced at Fulton 555, a 139-unit condominium Development in Hayes Valley.

Nearly three-fourths of units are reserved at 400 Grove, in just two-months time. Absorption measures at about 13 units/month.

Over forty-percent of the units at The Rockwell are in-contract, representing an approximate absorption rate of 55 units/month.

Lumina has released its 42-story Tower B. First closings at the Development are anticipated in the third quarter.

IN PLANNING

Construction has commenced at 360 Berry Street in Mission Bay. The Development will consist of 129 apartments (30 BMR), and completion is anticipated by Q3 2016.

The Planning Commission approved plans for a 27-unit (4 BMR) condominium project at 600 South Van Ness Avenue in the Mission.

The Navy transfered 290 acres at Treasure Island to the City, allowing infrastructure construction to commence next year.

The Developer of 75 Howard has reduced the proposed building height from 292-feet to 220-feet, reducing the unit count by 26.


MARKET PERFORMANCE$/SqFt Currently Year-Over-Year Month-Over-Month

New Condominium $1,174/SqFt 8% 6%

Resale Condominium $1,060/SqFt 12% 4%

New Apartment $5.02/SqFt 7% n/a

NEW CONDOMINIUM PRICING & VOLUME

RESALE CONDOMINIUM PRICING & VOLUME

NEW APARTMENT PRICING & OCCUPANCY

Most Recent Month

Median Sale Price: $1,285,000

Number of Units Closed: 6

Most Recent Month



Most Recent Quarter

Average Price: $3,775/month

Average Occupancy: 93%

88.0%

89.0%

90.0%

91.0%

92.0%

93.0%

94.0%

95.0%

$3,100

$3,200

$3,300

$3,400

$3,500

$3,600

$3,700

$3,800

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015

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Average Price & Occupancy

Average Price Occupancy

0

5

10

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$0$200,000$400,000$600,000$800,000

$1,000,000$1,200,000$1,400,000$1,600,000

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Median Price & Sales Volume

Median Sale Price # Closings

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125

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$400,000

$600,000

$800,000

$1,000,000

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$1,400,000

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CURRENTLY SELLINGFulton 555

555 Fulton Street at Octavia | Hayes ValleyStatus: 139 units available/0 in-contract/0 closed

Ground Broken: May 2014

Date on Market: June 2015

First Closings Anticipated: Q4 2015

Project info: 5-stories, 148 parking spaces (77 retail/68 residential),

Developer: Fulton Street Ventures

Architect: Ian Birchall & Associates

Retail: 30,000 SqFt grocery store

Features & Finishes: n/a

Amenities: Lounge, Roof terrace, Dog park, Bicycle repair station, Conference room

Website: Fulton555.com

Unit Type Number of Units Size Range Price Range

Junior 1 - Bedroom 21 446 - 523 SqFt n/a

1 - Bedroom 51 542 - 1,269 SqFt n/a

2 - Bedroom 64 690 - 1,153 SqFt n/a

3 - Bedroom 2 1,852 - 2,118 SqFt n/a

4 - Bedroom Penthouse 1 2,304 SqFt n/a

Unit Mix & Pricing Summary

p. 2 p. 3 p. 4

S A N F R A N C I S CO R E S I D E N T I A L D E V E L O P M E N T J U N E 2 015PG.16

SOLD-OUT & RESALE8 OCTAVIA

8 Octavia Street at Market | Hayes ValleyStatus: Approximate absorption: 4 units/month, Average $/SqFt: $1,181

Project info: 47 units, 8-stories, Monthly HOA fee: $500 - $850, 7 BMRs, 24 parking spaces

Date on market: June 2014 All units in-contract: May 2015

Developer: DM & DDG

Architect: Stanley Saitowitz

Landscape architect: Marta Fry

Amenities: Roof terrace

Features & Finishes: Louvered facade, SieMatic kitchen cabinetry, Corian counter tops, FSC certified wide-plank oak flooring, Visionline key-less entry, Virtual Doorman, Webpass, Nest Thermostats

Website: 8Octavia.com

Unit Type SqFt Parking Closing Price $/SqFt Closing Date

8 Octavia - 802 2/2 1,001 1 $1,250,000 $1,249 5/28/2015

8 Octavia - 801 2/2 968 1 $1,320,000 $1,364 5/22/2015

8 Octavia - 502 2/2 1,001 1 $1,120,000 $1,119 4/29/2015

8 Octavia - 504 2/2 1,001 1 $1,250,000 $1,249 4/29/2015

8 Octavia - 704 2/2 1,001 1 $1,230,000 $1,229 4/24/2015

8 Octavia - 702 2/2 1,001 1 $1,130,000 $1,129 4/9/2015

8 Octavia - 805 3/3 1,757 1 $2,599,999 $1,480 3/13/2015

8 Octavia - 404 2/2 1,001 0 $939,000 $938 2/18/2015

8 Octavia - 303 1/1 726 0 $729,000 $1,004 1/6/2015

8 Octavia - 301 2/2.5 968 0 $980,000 $1,012 10/21/2014

8 Octavia - 302 2/2 1,001 0 $940,000 $939 10/21/2014

8 Octavia - 304 2/2 1,001 0 $1,000,000 $999 10/21/2014

8 Octavia - 403 1/1 726 0 $749,000 $1,032 10/21/2014

8 Octavia - 406 2/2 1,001 1 $950,000 $949 10/21/2014

8 Octavia - 501 2/2.5 968 1 $1,125,000 $1,162 10/21/2014

8 Octavia - 505 1/1 726 0 $749,000 $1,032 10/21/2014

8 Octavia - 506 2/2 1,001 1 $1,320,000 $1,319 10/21/2014

8 Octavia - 508 2/2 1,001 1 $1,320,000 $1,319 10/21/2014

8 Octavia - 601 2/2.5 968 1 $1,150,000 $1,188 10/21/2014

8 Octavia - 602 2/2 1,001 0 $959,000 $958 10/21/2014

8 Octavia - 604 2/2 1,001 1 $1,215,000 $1,214 10/21/2014

8 Octavia - 605 1/1 726 0 $779,000 $1,073 10/21/2014

8 Octavia - 608 2/2 1,001 1 $1,165,000 $1,164 10/21/2014

8 Octavia - 701 2/2.5 968 1 $1,165,000 $1,204 10/21/2014

8 Octavia - 803 3/3 1,757 1 $2,549,000 $1,451 10/21/2014

8 Octavia - 806 2/2.5 1,225 1 $1,600,000 $1,306 10/21/2014

Closing Details

p. 16


UPCOMING DEVELOPMENTSDevelopment Developer / Owner Area Sales

Commence Units

Luxe - 1650 Broadway Street at Van Ness Belrich Partners Van Ness Corridor Q2 2015 34

2655 Bush Street at Divisadero KB Home Lower Pac Heights Q2 2015 81

Park 181 - Fremont Street at Howard Jay Paul Company Transbay Q2 2015 67

1450 Franklin Street at Bush Village Properties Western Addition Q3 2015 67

1001 17th Street at Pennsylvania 1001 17th Street Associates Potrero Hill Q3 2015 26

Onyx Phase II - 310 Carolina Street at 17th LNF Partners Potrero Hill Q3 2015 21

832 Sutter Street at Jones n/a Lower Nob Hill Q3 2015 20

1868 Van Ness Avenue at Sacramento JS Sullivan Nob Hill Q4 2015 35

388 Fulton Street at Franklin 7x7 Development Hayes Valley Q4 2015 61

450 Hayes Street at Gough DDG/DM Hayes Valley Q4 2015 41

Pacific - 2155 Webster Street at Sacramento Trumark Urban Pacific Heights Q4 2015 76

Knox - 645 Texas Street at 22nd Trumark Urban Potrero Hill Q1 2016 91

Rowan - 346 Potrero Avenue at 16th Trumark Urban Potrero Hill Q1 2016 75

580 Hayes Street at Laguna Laguna Hayes LLC Hayes Valley Q1 2016 29

1450 FRANKLIN580 HAYES

ROWAN


Approved, Under Review and ConceptualArea Approved Under Review Conceptual

Bayview/Hunters Point/Candlestick Point 12,600 499 3,780

Dogpatch 360 907 1

Hayes Valley 151 170 24

Mid-Market 32 2,628 0

Mission 141 1,489 141

Mission Bay 692 1,500 0

Northern Neighborhoods 132 1,415 0

Potrero Hill 131 1,019 323

South of Market 2,580 5,933 888

Southern Neighborhoods 1,875 1,001 461

Transbay 940 657 0

Treasure Island 8,619 0 0

Upper Market 24 222 0

Van Ness Corridor 0 1,413 0

Western Neighborhoods 9,007 574 550

Total 37,284 19,427 6,168

Under Construction (by product type)Area Condominiums Apartments All

Dogpatch 0 259 259


Mid-Market 0 143 143

Mission 12 0 12

Mission Bay 0 402 402

Northern Neighborhoods 279 0 279

Potrero Hill 213 453 666

South of Market 0 3,038 3,038

Transbay 67 0 67


Van Ness Corridor 34 0 34

Totals 736 4,662 5,398

The category, under construction - condominiums, does not include developments which are preselling units. These developments are categorized as Currently Selling.

Northern Neighborhoods covers Cathedral Hill, Western Addition, Pacific Heights, Nob Hill, Lower Nob Hill, Financial District, Russian Hill, Telegraph Hill, North Beach & Marina/Cow Hollow.

Southern Neighborhoods covers Oceanview, Glen Park, Outer Mission, Mission Terrace, Visitacion Valley.

Western Neighborhoods covers Park Merced, Parkside, Forest Knolls, Richmond, Sunset, Laurel Heights.

PIPELINE SUMMARY


PROJECTED SUPPLYNew apartment supply should swell by the start of 2017, while new condominiums should be nearly depleted. This may encourage developers to sell apartment units as condominiums instead. The potential for this sea change depends largely on the type of developer (REIT versus others), debt structures and market pricing. Many developers “condominium map” units, in order to have such flexibility. This was a phenomenon which occurred in the last market cycle, and is likely to occur again.

HISTORICAL SUPPLY

Roughly 1,500 housings units have been produced year-to-date.

532909 906 909

1,2251,859 1,619

2,2602,730

1,780 1,872 1,6752,197

3,0193,366

1,082348

794

2,330

3,454

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Uni

ts

Historical Supply

1,0301,188

925720

344107 21 0

875

2,110

1,085

556

1,131

674 666

1,714

0

500

1,000

1,500

2,000

2,500

Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017

Uni

ts

Projected Supply

New Condominiums New Apartments

p. 28 p. 30 p. 31


ABOUT DEVELOPER SERVICESVanguard Properties expertly guides urban residential developers. Core consulting services include Analytics, Land Acquisition, Design, Branding and Sales Strategy. From concept to close-out, Vanguard leads the way. For a list of developments, visit VanguardSF.com

For Developer Services, contact:

FRANK NOLAN JAMES NUNEMACHER

VP, Director of Development Co-founder & Principal

415.377.3726 415.519.7772

[email protected] [email protected]

BRE License No. 01300017 BRE License No. 00913606

For additional market reporting, contact:

JONATHAN MOFTAKHAR

Market Analyst

415.920.3731

[email protected]

BRE License No. 01442709

VANGUARD PROPERTIES REPORT DISCLAIMER

Data sources for this Report include but are not limited to SFAR MLS, the San Francisco Planning Department, development mar-keting websites and industry news/information outlets. The information in this Report is subject to errors, as it is compiled from multiple sources, with varying degrees of accuracy and currency. This Report should not be reproduced or distributed, in whole or in part, without the prior written consent of Vanguard Properties. The statements in this Report, which are not historical facts, are projections or estimates based on Vanguard Properties’ opinions and expectations of future market performance. Although the information presented is believed to be correct, no representation is made by Vanguard Properties as to the accuracy or complete-ness of the information. The information presented may be subject to updating, revision or verification, and such information may change in a material nature. This is not an offer to sell property, and is intended for information purposes only. This Report should not be relied upon or utilized in making investment decisions. ©2015 Vanguard Properties, All rights reserved.

p. 32


Redevelopment efforts at the Schlage Site in Visitacion Valley are well underway, with the Developer work-ing through design and programmatic elements. The first phase consists of nearly 600 units plus a planned grocery store. In 1926, Schlage Lock opened a manu-facturing Plant on the Site. In 1999, after a sale of the Company, the manufacturing facility was closed. After nearly ten years of planning efforts, the City approved a development plan for the Site mid last year. In all, the 20 acre Site will result in nearly 1,700 units, with 15% desig-nated Below Market Rate. Nearly 50,000 square feet of planned retail will supplement the existing retail district on Leland Avenue. Two acres of planned open space in-clude a park and greenway. An extension of the existing street grid onto the Site, will create a sense of continuity with the existing neighborhood. The Site has the distinct advantage of being adjacent to a CalTrain Station and two major Muni lines. The Site is also within close proxim-ity to McLaren Park, the City’s second largest park, which includes Coffman Pool. Infrastructure construction on the site could commence as early as next year. Recently, a second Developer announced plans to build some 200 units on a plot of land adjacent to the Schlage Site. For additional information, visit SFPlanning.org.

DEVELOPMENT NEWS...

STATE OF DEVELOPMENT

CURRENTLY SELLING

Preselling has commenced at Fulton 555, a 139-unit condominium Development in Hayes Valley.

Nearly three-fourths of units are reserved at 400 Grove, in just two-months time. Absorption measures at about 13 units/month.

Over forty-percent of the units at The Rockwell are in-contract, representing an approximate absorption rate of 55 units/month.

Lumina has released its 42-story Tower B. First closings at the Development are anticipated in the third quarter.

IN PLANNING

Construction has commenced at 360 Berry Street in Mission Bay. The Development will consist of 129 apartments (30 BMR), and completion is anticipated by Q3 2016.

The Planning Commission approved plans for a 27-unit (4 BMR) condominium project at 600 South Van Ness Avenue in the Mission.

The Navy transfered 290 acres at Treasure Island to the City, allowing infrastructure construction to commence next year.

The Developer of 75 Howard has reduced the proposed building height from 292-feet to 220-feet, reducing the unit count by 26.


88.0%

89.0%

90.0%

91.0%

92.0%

93.0%

94.0%

95.0%

$3,100

$3,200

$3,300

$3,400

$3,500

$3,600

$3,700

$3,800

Q1 2014 Q2 2014 Q3 2014 Q4 2014 Q1 2015

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Average Price & Occupancy

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MARKET PERFORMANCE$/SqFt Currently Year-Over-Year Month-Over-Month

New Condominium $1,174/SqFt 8% 6%

Resale Condominium $1,060/SqFt 12% 4%

New Apartment $5.02/SqFt 7% n/a

NEW CONDOMINIUM PRICING & VOLUME

RESALE CONDOMINIUM PRICING & VOLUME

NEW APARTMENT PRICING & OCCUPANCY

Most Recent Month



Most Recent Month



Most Recent Quarter

Average Price: $3,775/month

Average Occupancy: 93%


DEVELOPMENT SNAPSHOT Currently Selling

Fulton 555

555 Fulton Street at Octavia | Hayes ValleyStatus: 139 units available/0 in-contract/0 closed

Ground Broken: May 2014

Date on Market: June 2015

First Closings Anticipated: Q4 2015

Project info: 5-stories, 148 parking spaces (77 retail/68 residential)

Developer: Fulton Street Ventures

Architect: Ian Birchall & Associates

Retail: 30,000 SqFt grocery store

Features & Finishes: n/a

Amenities: Lounge, Roof terrace, Dog park, Bicycle repair station, Conference room

Website: Fulton555.com


Junior 1 - Bedroom 21 446 - 523 SqFt n/a

1 - Bedroom 51 542 - 1,269 SqFt n/a

2 - Bedroom 64 690 - 1,153 SqFt n/a

3 - Bedroom 2 1,852 - 2,118 SqFt n/a

4 - Bedroom Penthouse 1 2,304 SqFt n/a




6 MINT PLAZA

6 Mint Plaza (5th & Mission) | South of MarketStatus: 19 units available/3 in-contract/0 closed, Average $/SqFt: $1,333

Date on Market: May 2015

Project info: 8-stories, Monthly HOA fee: $472 - $665, 2 parking spaces (for penthouse)

Owner: The Carlyle Group/Veritas

Features & Finishes: Historic rehab of early twentieth-century building, Acid-stained concrete floors, Exposed concrete and plaster walls, Industrial-era windows, Birch wood doors, Viking refrigerators, Thermador cook tops, Bosch washer/dryers, Concrete and stone counter tops, Monarch hardwood floors, Stainless steel soaking tubs, Walk-in closets, Private balconies, Central heat and air conditioning

Amenities: Roof terrace with spa and BBQ, Gym, Fob-secured entry, 24-hour guard service, Mint Plaza Merchants: Blue Bottle Coffee, Mint 54 Italian Kitchen, flower stand

Website: 6MintPlaza.com

Unit Number Type SqFt List Price $/SqFt

201 1/1 664 $695,000 $1,047

301 1/1 661 $770,000 $1,165

304 2/2 914 $1,195,000 $1,307

402 2/1 832 $945,000 $1,136

503 2/1 799 $925,000 $1,158

701 1/1 661 $835,000 $1,263

703 2/1 799 $970,000 $1,214

801 1/1 661 $870,000 $1,316

Penthouse 3/3.5 3,543 $5,500,000 $1,552

Current Listings



400 GROVE

400 Grove Street at Gough | Hayes ValleyStatus: 9 units available/25 reserved/0 closed, Approximate absorption: 13 units/month, Average $/SqFt: $1,279

Project info: 34 units, 4 BMRs, 5-stories, 17 parking spaces, Monthly HOA fee: $600 - $950

Pre-sale: April 2015

Closings anticipated: Q3 2015

Developer: DM & DDG

Architect: Fougeron

Landscape Architect: Marta Fry

Features & Finishes: Redwood rain screen, FSC certified wide-plank oak flooring, LED accent lighting, SieMatic cabinetry, Corian counter tops, Bosch appliances, Liebherr refrigerator

Amenities: Virtual Doorman, Courtyard bamboo garden, Roof terrace, On-site restaurant

Website: 400Grove.com

Unit Type Number of Units* Size Range Price Range

Junior 1 - Bedroom 7 428 - 578 SqFt $550K +

1 - Bedroom 6 570 - 815 SqFt $700K +

2 - Bedroom 17 905 - 1,369 SqFt $1.1M +


*BMRs excluded

Unit Number Type SqFt Parking List Price $/SqFt

104 0/1 577 0 $694,000 $1,203

403 2/2 905 0 $1,125,000 $1,243

402 2/2 1,098 1 $1,528,000 $1,392

Current Listings



SAN FRANCISCO SHIPYARD (2nd Release)

11 Innes Court - Hunters PointStatus: 127 units available/32 in-contract/0 closed, Approximate absorption: 16 units/month, $/SqFt: $753

Project info: 159 units, 24 BMRs, Two-car parking for townho-mes, One-car parking for condominiums, Monthly HOA fees: $216 - $420

Pre-sale: April 2015 Closings anticipated: Q1 2016

Developer: Lennar Urban Architect: Kava Massih

Features & Finishes: Nest thermostats and smoke/carbon diox-ide detectors, Bosch appliances, Caesarstone and quartz count-er tops, Barbosa high-gloss cabinetry, Porcelanosa bathroom floors, Plyboo wire-brushed hardwood floors, Private outdoor spaces, Secured parking, Dropcam

Amenities: Shuttle service to Downtown, Terraces, Bicycle park-ing

Website: TheSFShipyard.com

Current Listings

Unit Type SqFt Parking List Price $/SqFt

201 - Innes South 1+/1 760 1 $648,500 $853

202 - Hudson South 1+/1 811 1 $648,800 $800

302 - Hudson South 1+/1 811 1 $668,500 $824

202 - Innes South 2/2 956 1 $765,500 $801

204 - Innes South 2/2 970 1 $790,500 $815

302 - Innes South 2/2 956 1 $788,500 $825

304 - Innes North 2/2 970 1 $772,600 $796

203 - Hudson South 2/2 956 1 $775,600 $811

301 - Hudson South 2/2 970 1 $780,500 $805

303 - Hudson South 2/2 956 1 $795,800 $832

Townhome 151 3/3 1,419 2 $920,500 $649

Townhome 175 3/3 1,419 2 $920,500 $649

Townhome 174 3/3 1,419 2 $920,500 $649

Townhome 198 3/3 1,419 2 $948,600 $668



THE ROCKWELL

1688 Pine Street at Franklin | Pac Heights - Van Ness CorridorStatus: 150 units available, 110 units in-contract, 0 units closed, Approximate absorption: 55 units/month

Project info: Two 13-story towers, 260 units, 31 BMRs, 201 parking spaces, 5,500 SqFt retail, Monthly HOA fee: $600 - $1,000

Ground broken: Q4 2014

Pre-sale: April 2015

First Closings anticipated: Q1 2016

Developer: Oyster Development (Tricon Capital – equity partner)

Architect: Kwan Henmi

Amenities: Resident’s lounge with kitchen/screening room, Roof terrace with fireplace, Fitness center, Courtyard garden with fire-place/BBQ, 24-hour lobby attendant, Lounge with bar

Features & Finishes: Private balconies, Air conditioning, Caesar-stone counter tops, Porcelain tile in bathrooms, Studio Becker cabinetry, Bosch/Bertazzoni appliances, Walk-in shower and dual sinks in master bathrooms

Website: TheRockwellSF.com


1 - Bedroom 142 448 - 832 SqFt $600K - $1M

2 - Bedroom 117 874 - 1,515 SqFt $1M - $2.5M

3 - Bedroom 1 1,762 SqFt $3.1M




SEVENTY 2 TOWNSEND

72 Townsend Street at 2nd | SOMA - South BeachStatus: 60 units available/14 units in-contract/0 closed, Aver-age $/SqFt: $1,286

Project info: 74 units, 7 BMRs, 9-stories, 74 parking spaces, HOA: $653 - $1,257, Ground broken: Q1 2014

Date on market: April 2015 Closings anticipated: Q3 2015

Developer: KB Home Architect: SB Architects

Amenities: Lobby attendant, Roof terrace, Resident’s lounge

Features & Finishes: Private decks, Bay and City views, Walk-in showers, Soaking tubs, Floor-to-ceiling windows, Approxi-mately 9’ ceiling heights

Website: 72Townsend.com

Unit Type Number of Units* Size Range Price Range

1 - Bedroom 31 619 - 1,005 SqFt $825K - $1.4M

2 - Bedroom 33 935 - 1,289 SqFt $1.4M - $1.8M

2 - Bedroom Penthouse 1 1,444 SqFt $3.5M

3 - Bedroom Penthouse 2 1,571 - 1,740 SqFt $3.5M - $4.4M


Current Listings


403 1/1.5 785 1 $949,000 $1,209

409 2/2 1,136 1 $1,445,000 $1,272

n/a 1/1 632 1 $825,000 $1,305

505 1/1 632 1 $856,000 $1,354

407 1/1.5 851 1 $999,000 $1,174

506 2/2 1,176 1 $1,650,000 $1,403

412 1/1.5 900 1 $1,179,000 $1,310

507 1/1.5 851 1 $1,110,025 $1,304

404 2/2 1,260 1 $1,540,000 $1,222

609 2/2 1,136 1 $1,599,000 $1,408

*BMRs excluded



LUMINA

201 Folsom Street at Beale | South BeachStatus: 386 units available/280 in-contract/0 closed, Approxi-mate $/SqFt: $1,450, Approximate absorption: 31 units/month

Project info: 656 units, one 42-story tower, one 37-story tower, two 8-story podiums

Developer: Tishman Speyer (China Vanke – equity partner)

Architect: Bernardo Fort-Brescia of Arquitectonica

Date on market: September 2014

First closings anticipated: Q3 2015

Amenities: 10,500 SqFt rooftop with vegetable garden/din-ing/fire pits/movie screening, 7,000 SqFt fitness center with yoga studio/aerobics room/20-foot climbing wall, lounge with fireplace/bar, private dining room with chef’s kitchen/prep kitchen/fireplace/outdoor terrace, screening room with tiered seating for thirty/surround sound, 75-foot lap pool, library with WIFI, 2,000 SqFt spa with treatment room/day lockers/steam room/sauna, children’s room, music practice room, pet groom-ing station, on-site gourmet grocer

Features & Finishes: 9’ to 10’10” ceilings, Bay views, Gaggenau ovens/cook tops, Bosch refrigerators/dishwashers, Caesarstone quartz counter tops/backsplash, SieMatic cabinetry, marble vanity counter tops, porcelain tile bathroom floors/shower walls, Nest Thermostats

Website: LuminaSF.com


Studio/Jr. 1-Bedroom 16 650 - 870 SqFt $850K - $950K

1 - Bedroom 200 850 - 1,400 SqFt $1.1M - $1.7M

2 - Bedroom 373 1,180 - 1,600 SqFt $1.6M - $3.5M

3 - Bedroom 67 1,700 - 2,650 SqFt $3.2M - $6M




TOWNHOMES ON TENNESSEE

1189 Tennessee Street at 22nd | DogpatchStatus: 3 units available (2 residential, 1 commercial)/6 in-contract/2 closed, Average $/SqFt: $1,006

Project info: 11 units, 4-stories, 12 parking spaces, HOA: $481 - $693

Date on market: April 2015

Architect: Gary Gee

Amenities: Elevator, Bicycle storage

Features & Finishes: Wide-plank oak floors, Underfloor heating, Elfa clos-et systems, Vaulted ceilings, Private terraces, Viking appliances, Quartz counter tops, Grohe faucets, Soaking tubs

Website: DogpatchTownhomes.com


1 - Bedroom 2 866 - 1,004 SqFt $1.1M

2 - Bedroom 4 1,034 - 1,673 SqFt $1.25M - $1.55M

3 - Bedroom 2 1,652 - 1,922 SqFt $1.7M - $1.8M

Commercial Condominium 3 844 - 1,571 SqFt $695K - $795K


INDIA COVE LOFTS

748 Innes Avenue | Hunters PointStatus: 6 units available/0 in-contract/0 closed, Average $/SqFt: $656

Project info: 6 units, 4-stories, Monthly HOA fee: $600 - $750


Architect: Samuel Kwong

Amenities: On-site health spa, Roof terrace

Features & Finishes: Granite counter tops, Gas fireplaces, Bay and City views

Website: IndiaCoveLofts.com

Current Listings


303 1/1.5 775 1 $555,000 $716

304 1/1.5 862 1 $559,000 $648

302 1/1.5 981 1 $599,000 $611

301 2/2 998 1 $649,000 $650



V20

3590 20th Street at Valencia | MissionStatus: 4 units available/11 in-contract/3 leased/0 closed, Average $/SqFt: $1,583

Project info: 18 units, 5-stories, 18 parking spaces, Monthly HOA fee: $445 - $527

Date on market: March 2015

Architect: Kerman Morris Architects

Amenities: Roof terrace, Courtyard, Elevator, Bicycle storage

Features & Finishes: Private outdoor spaces, Oak floors, Stu-dio Becker cabinetry, Miele appliances, Pentalquartz counter tops, Grohe fixtures, Walk-in showers, Gas fireplaces

Website: Valencia20.com


2 - Bedroom 4 1,126 - 1,221 SqFt $1.7M - $2.6M

3 - Bedroom 14 1,266 - 1,634 SqFt $2.5M - $2.8M


Current Listings


203 2/2 1,166 1 $1,695,000 $1,454

204 3/2.5 1,578 1 $2,495,000 $1,581

501 3/2.5 1,722 1 $2,795,000 $1,623

505 2+/3 1,634 1 $2,595,000 $1,588

507 2+/3 1,526 1 $2,495,000 $1,635



MISSION@1875

1875 Mission Street at 15th | MissionStatus: 9 units available (6 BMR)/8 in-contract/22 closed, Average $/SqFt: $1,050, Approximate absorption: 4 units/month

Date on market: October 2014

Developer: M1875 LLC

Project info: 39 units, 4-stories, 6 BMRs, 24 parking spac-es, Monthly HOA fee: $400 - $520

Amenities: Rooftop pool, dog run

Finishes: Ann Sacks/Porcelanosa tile, hardwood floors, Blanco faucets, Bertazzoni microwaves/ranges, Leibherr refrigerators, brass entry doors, Heath Ceramics house numbers, radiant heated floors

Website: M1875.com

Development - Unit Type SqFt Parking Closing Price $/SqFt Closing Date

Mission@1875 - 308 0/1 623 0 $675,000 $1,083 5/14/2015

Mission@1875 - 208 0/1 626 0 $625,000 $998 5/11/2015

Mission@1875 - 312 2/1 805 1 $910,000 $1,130 4/24/2015

Mission@1875 - 210 1/1 779 1 $780,000 $1,001 4/23/2015

Mission@1875 - 412 2/1 801 1 $980,000 $1,223 4/22/2015

Mission@1875 - 204 1/1 752 1 $740,000 $984 4/21/2015

Mission@1875 - 203 1/1 754 1 $754,000 $1,000 4/17/2015

Mission@1875 - 209 1/1 800 1 $765,000 $956 4/17/2015

Mission@1875 - 406 2/1 631 1 $700,000 $1,109 4/14/2015

Mission@1875 - 403 2/1 752 1 $920,000 $1,223 4/1/2015

Mission@1875 - 106 0/1 619 0 $560,000 $905 3/31/2015

Mission@1875 - 202 1/1 772 1 $754,000 $977 3/16/2015

Mission@1875 - 305 2/1 780 1 $905,000 $1,160 3/10/2015

Mission@1875 - 107 0/1 633 0 $575,000 $908 3/6/2015

Mission@1875 - 407 0/1 645 0 $650,000 $1,008 3/6/2015

Mission@1875 - 108 0/1 620 0 $589,000 $950 2/27/2015

Mission@1875 - 206 0/1 626 0 $619,000 $989 2/27/2015

Mission@1875 - 211 1/1 799 1 $775,000 $970 2/27/2015

Mission@1875 - 212 2/1 804 1 $867,000 $1,078 2/27/2015

Mission@1875 - 309 1/1 804 1 $899,000 $1,118 2/27/2015

Mission@1875 - 306 0/1 620 0 $650,000 $1,048 2/25/2015

Mission@1875 - 304 1/1 751 1 $901,200 $1,200 2/20/2015

Closing Details



SUMMIT 800

800 Brotherhood Way at Junipero Serra | Park MercedStatus: 117 units available/41 in-contract/24 closed, Approximate absorp-tion: 6 units/month, Average $/SqFt: $712

Developer: Comstock Homes & Maracor Development

Project info: 182 units, Townhomes and single family homes, 2-3 car park-ing, Monthly HOA fee: $205 - $760

Date on market: July 2014

Amenities: HOA maintained front yard landscaping, adjacent to two-acre park with tot lot/dog area Features and Finishes: Decks, walk-in closets, Copper Creek polished chrome door hardware, Emser ceramic tile floors, Crema Marfil master bath floors, Superior Shaw stain-resistant carpet, Andersen windows and sliding doors, granite kitchen counter tops and backsplash, Viking appli-ances, Kohler sinks and tubs, Delta faucets, powder rooms in each floor plan, Piedrafina bathroom counter tops and surrounds, 1.5 KW solar sys-tem, tank-less water heaters

Website: Summit800.com

Current Listings


155 3/2.5 2,024 2 $1,349,000 $667

159 3/2.5 2,133 2 $1,295,000 $607

186 3/2 1,547 2 $998,000 $645

188 3/2.5 1,839 2 $1,125,000 $612

287 3/2.5 2,001 3 $1,449,000 $724


89 3/2.5 2,024 2 $1,400,000 $692 5/22/2015

83 3/2.5 2,024 2 $1,516,329 $749 5/7/2015

Closing Details



VIDA

2558 Mission Street at 22nd | MissionStatus: 1 unit available/7 in-contract/106 closed, Approxi-mate absorption: 8 units/month, Average $/SqFt: $1,084

Developer: Oyster Development Architect: Kwan Henmi

Project info: 114 units, 8-stories, off-site BMRs, 77 parking spaces, Monthly HOA fee: $430 - $620, Date on market: March 2014

Amenities: Roof terrace with BBQ, lounge area

Finishes: Bosch & Bertazzoni appliances, quartz counter tops, exposed concrete ceilings and columns, porcelain tile bathroom floors

Website: VidaSF.com


Vida - 314 1/1 507 0 $575,000 $1,134 3/31/2015

Vida - 204 1/1 680 0 $649,000 $954 3/25/2015

Vida - 306 2/2 943 1 $939,000 $996 3/6/2015

Vida - 413 1/1 631 0 $689,000 $1,092 2/27/2015

Vida - 402 1/1 816 1 $799,000 $979 2/17/2015

Vida - 315 0/1 494 0 $579,000 $1,172 1/30/2015

Vida - 307 2/2 916 1 $917,000 $1,001 1/29/2015

Vida - 415 0/1 494 0 $599,000 $1,213 1/27/2015

Vida - 416 0/1 517 0 $599,000 $1,159 1/15/2015

Vida - 509 2/2 1,003 1 $1,195,000 $1,191 1/15/2015

Vida - 313 1/1 631 0 $654,000 $1,036 1/13/2015

Vida - 212 1/1 631 0 $691,500 $1,096 12/3/2014

Vida - 215 0/1 494 0 $585,000 $1,184 12/3/2014

Vida - 216 0/1 517 0 $595,000 $1,151 12/3/2014

Vida - 301 2/2 1,144 1 $1,190,500 $1,041 12/3/2014

Vida - 303 1/1 832 1 $822,500 $989 12/3/2014

Vida - 305 2/2 1,104 1 $1,155,000 $1,046 12/3/2014

Vida - 316 0/1 517 0 $585,000 $1,132 12/3/2014

Vida - 318 1/1 725 1 $765,500 $1,056 12/3/2014

Vida - 409 2/2 1,003 1 $1,137,000 $1,134 12/3/2014

Vida - 501 2/2 1,071 1 $1,174,000 $1,096 12/3/2014

Vida - 503 1/1 832 1 $849,000 $1,020 12/3/2014

Vida - 510 2/2 930 1 $1,019,000 $1,096 12/3/2014

Vida - 513 1/1 631 0 $696,000 $1,103 12/3/2014

Vida - 515 0/1 494 0 $631,500 $1,278 12/3/2014

Vida - 518 1/1 739 1 $827,000 $1,119 12/3/2014

Closing Details


DEVELOPMENT SNAPSHOT Recently Sold-Out

8 OCTAVIA

8 Octavia Street at Market | Hayes ValleyStatus: Approximate absorption: 4 units/month, Average $/SqFt: $1,181

Project info: 47 units, 8-stories, Monthly HOA fee: $500 - $850, 7 BMRs, 24 parking spaces

Date on market: June 2014 All units in-contract: May 2015

Developer: DM & DDG

Architect: Stanley Saitowitz

Landscape architect: Marta Fry

Amenities: Roof terrace

Features & Finishes: Louvered facade, SieMatic kitchen cabinetry, Corian counter tops, FSC certified wide-plank oak flooring, Visionline key-less entry, Virtual Doorman, Webpass, Nest Thermostats

Website: 8Octavia.com


8 Octavia - 802 2/2 1,001 1 $1,250,000 $1,249 5/28/2015

8 Octavia - 801 2/2 968 1 $1,320,000 $1,364 5/22/2015

8 Octavia - 502 2/2 1,001 1 $1,120,000 $1,119 4/29/2015

8 Octavia - 504 2/2 1,001 1 $1,250,000 $1,249 4/29/2015

8 Octavia - 704 2/2 1,001 1 $1,230,000 $1,229 4/24/2015

8 Octavia - 702 2/2 1,001 1 $1,130,000 $1,129 4/9/2015

8 Octavia - 805 3/3 1,757 1 $2,599,999 $1,480 3/13/2015

8 Octavia - 404 2/2 1,001 0 $939,000 $938 2/18/2015

8 Octavia - 303 1/1 726 0 $729,000 $1,004 1/6/2015

8 Octavia - 301 2/2.5 968 0 $980,000 $1,012 10/21/2014

8 Octavia - 302 2/2 1,001 0 $940,000 $939 10/21/2014

8 Octavia - 304 2/2 1,001 0 $1,000,000 $999 10/21/2014

8 Octavia - 403 1/1 726 0 $749,000 $1,032 10/21/2014

8 Octavia - 406 2/2 1,001 1 $950,000 $949 10/21/2014

8 Octavia - 501 2/2.5 968 1 $1,125,000 $1,162 10/21/2014

8 Octavia - 505 1/1 726 0 $749,000 $1,032 10/21/2014

8 Octavia - 506 2/2 1,001 1 $1,320,000 $1,319 10/21/2014

8 Octavia - 508 2/2 1,001 1 $1,320,000 $1,319 10/21/2014

8 Octavia - 601 2/2.5 968 1 $1,150,000 $1,188 10/21/2014

8 Octavia - 602 2/2 1,001 0 $959,000 $958 10/21/2014

8 Octavia - 604 2/2 1,001 1 $1,215,000 $1,214 10/21/2014

8 Octavia - 605 1/1 726 0 $779,000 $1,073 10/21/2014

8 Octavia - 608 2/2 1,001 1 $1,165,000 $1,164 10/21/2014

8 Octavia - 701 2/2.5 968 1 $1,165,000 $1,204 10/21/2014

8 Octavia - 803 3/3 1,757 1 $2,549,000 $1,451 10/21/2014

8 Octavia - 806 2/2.5 1,225 1 $1,600,000 $1,306 10/21/2014

Closing Details



16th & BRYANT

2421-2425 16th Street at Bryant | MissionAverage $/SqFt: $950

Date on market: January 2015

Project info: 12 units, 4-stories, 1 BMR, 12 parking spaces, Month-ly HOA fee: $490 - $650

Finishes: Living areas with white oak hardwood floors, Patios with Eleganza quartzite pavers, Kitchens with Liebherr HCB 30 inch fully integrated refrigerator & freezer, Bertazzoni Master Series 30-inch 4-burner gas range

Amenities: Bicycle storage

Website: 16thandBryant.com


16th & Bryant - 402 2/2 1,158 1 $1,185,000 $1,023 3/30/2015

16th & Bryant - 301 2/2 1,024 1 $1,005,000 $981 3/27/2015

16th & Bryant - 303 2/2 1,133 1 $1,149,000 $1,014 3/27/2015

16th & Bryant - 302 2/2 1,157 1 $1,099,000 $950 3/25/2015

16th & Bryant - 2425 3/2.5 1,900 1 $1,375,000 $724 3/24/2015

16th & Bryant - 201 2/2.5 1,228 1 $1,362,000 $1,109 3/20/2015

16th & Bryant - 2423 3/2.5 1,891 1 $1,331,000 $704 3/20/2015

16th & Bryant - 202 2/2.5 1,208 1 $1,299,000 $1,075 3/13/2015

16th & Bryant - 401 2/2 1,021 1 $1,200,000 $1,175 3/13/2015

16th & Bryant - 404 2/2 1,022 1 $1,105,000 $1,081 3/13/2015

Closing Details

TOWNHOMES ON THIRD

4132 3rd Street at Innes | BayviewAverage $/SqFt: $684

Project info: 7 units, 4-stories, 7 parking spaces, Monthly HOA Fee: $570 - $590

Date on market: January 2015 All units in-contract: May 2015

Developer: Mutual Seiko Construction Architect: Alan Martinez

Finishes: Quartz counter tops, Glass tile backsplash, Blanco and Hansgrohe fixtures, Wide-plank hardwood floors, Security sys-tems

Website: Townhomeson3rd.com


Townhomes on Third - 5 2/2 1,314 1 $910,000 $693 6/2/2015

Townhomes on Third - 4 3/2.5 1,391 1 $899,000 $646 6/1/2015


Townhomes on Third - 6 2/2 1,432 1 $1,000,000 $698 4/17/2015


Townhomes on Third - 7 2/2 1,391 1 $1,030,000 $740 3/17/2015


Closing Details



870 HARRISON

870 Harrison Street at 4th | SOMAStatus: Approximate absorption: 5 units/month, Average $/SqFt: $1,075

Developer: JS Sullivan Architect: RG Architecture

Project info: 26 units, 4 BMRs, 6-stories, Date on market: October 2014, HOA: $475 - $600

Amenities: Roof terrace with BBQ, bicycle storage

Features and Finishes: Floor-to-ceiling bay windows, radiant floor heating, 13’ penthouse ceilings, white oak flooring, Caesarstone counter tops, Bertazzoni ranges, Bosch dishwashers, Grohe plumbing fixtures, Porcelanosa Krion backsplash


870 Harrison - 505 2/1.5 898 1 $955,000 $1,063 4/1/2015

870 Harrison - 605 2/1.5 883 1 $960,000 $1,087 2/20/2015

870 Harrison - 404 2/1.5 845 1 $895,000 $1,059 1/30/2015

870 Harrison - 201 1/1 628 0 $560,000 $892 11/11/2014

870 Harrison - 202 1/1 598 0 $595,000 $995 11/11/2014

870 Harrison - 203 1/1 531 0 $575,000 $1,083 11/11/2014

870 Harrison - 204 1/1 616 0 $575,000 $933 11/11/2014

870 Harrison - 206 1/1 545 0 $535,000 $982 11/11/2014

870 Harrison - 301 1/1 628 0 $685,000 $1,091 11/11/2014

870 Harrison - 302 1/1 598 0 $615,000 $1,028 11/11/2014

870 Harrison - 303 1/1 531 0 $595,000 $1,121 11/11/2014

870 Harrison - 401 1/1 628 1 $650,000 $1,035 11/11/2014

870 Harrison - 402 1/1 598 0 $650,000 $1,087 11/11/2014

870 Harrison - 403 1/1 531 0 $575,000 $1,083 11/11/2014

870 Harrison - 501 1/1 628 1 $680,000 $1,083 11/11/2014

870 Harrison - 503 1/1 531 0 $578,000 $1,089 11/11/2014

870 Harrison - 601 1/1 613 1 $800,000 $1,305 11/11/2014

870 Harrison - 604 2/1.5 814 1 $950,000 $1,167 11/11/2014

870 Harrison - 602 1/1 583 1 $720,000 $1,235 11/10/2014

Closing Details



AMERO

1501 Filbert Street at Van Ness | Cow HollowAverage $/SqFt: $1,372

Developer: Trumark Urban Architect: NC2 Studio

Project info: 27 units, 0 BMRs, 7-stories, HOA: $560 - $765, Date on mar-ket: July 2014

Amenities: Roof terrace with BBQ/fireplace, lobby lounge, entry water feature, bicycle parking

Features & Finishes: Studio Becker cabinetry, Haussmann stone bathroom counter tops and flooring, Bolyu bedroom carpeting, DuChateau wide-plank oak flooring, Domus & Domus cabinetry, Bertazzoni range ovens, Bosch microwaves & dishwashers, Thermador refrigerators, Kohler sinks, quartz counter tops

Website: AmeroSF.com


Amero - TH1A 3/3.5 2,345 1 $2,495,000 $1,064 4/8/2015

Amero - PH7G 2/2 1,613 2 $3,475,000 $2,154 2/27/2015

Amero - TH5F 2/2.5 1,789 1 $2,485,000 $1,389 2/27/2015

Amero - PH7C 2/2 1,040 1 $1,648,000 $1,585 2/23/2015

Amero - PH7A 2/2 1,132 2 $1,575,000 $1,391 2/2/2015

Amero - 5C 2/2 1,130 1 $1,600,000 $1,416 1/30/2015

Amero - 5G 2/2 1,770 1 $2,500,000 $1,412 1/27/2015

Amero - 6C 2/2.5 1,130 1 $1,799,000 $1,592 1/2/2015

Amero - 5D 2/2.5 1,768 1 $2,575,000 $1,456 12/16/2014

Amero - PH7E 2/2.5 1,680 2 $3,550,000 $2,113 12/6/2014

Amero - 3C 2/2 1,130 1 $1,325,000 $1,173 11/25/2014

Amero - 6A 2/2 1,220 1 $1,464,000 $1,200 11/25/2014

Amero - 4C 2/2 1,130 1 $1,450,000 $1,283 11/24/2014

Amero - PH7D 2/2.5 1,562 2 $3,700,000 $2,369 11/24/2014

Amero - 3B 2/2 1,192 1 $1,239,000 $1,039 11/22/2014

Amero - 6B 2/2 1,192 1 $1,399,000 $1,174 11/22/2014

Amero - TH1B 3/3.5 2,470 1 $2,450,000 $992 11/22/2014

Amero - TH1C 3/3.5 2,570 1 $2,325,000 $905 11/22/2014

Amero - 3D 2/2.5 1,662 1 $1,850,000 $1,113 11/21/2014

Amero - 3A 2/2 1,222 1 $1,279,000 $1,047 11/15/2014

Amero - 4A 2/2 1,220 1 $1,345,000 $1,102 11/15/2014

Amero - 4B 2/2 1,192 1 $1,289,000 $1,081 11/13/2014

Amero - 5B 2/2 1,192 1 $1,340,000 $1,124 11/13/2014

Amero - 5A 2/2 1,220 1 $1,390,000 $1,139 11/9/2014

Amero - PH7F 2/2.5 1,634 2 $3,500,000 $2,142 10/13/2014

Closing Details



35 DOLORES

35 Dolores Street at Market | Mission DoloresStatus: Approximate absorption: 6 units/month, Average $/SqFt: $1,231

Developer: Lightner Property Group Architect: Levy Design Partners

Project info: 37 units, 4-stories, HOA: $300 - $425, Date on market: September 2014

Amenities: Courtyard, double-height lobby, guest studio, rear yard, bicycle storage, dog wash, car wash area, wiring for EV charging

Finishes: Exterior louvers, fireplaces, Viking appliances, quartz counter tops, wide-plank oak flooring, porcelain tile bathroom floors, Maytag washer/dryers


35 Dolores - 402 2/2 1,133 1 $1,550,000 $1,368 3/31/2015

35 Dolores - 104 1/1 750 0 $895,000 $1,193 3/2/2015

35 Dolores - 105 1/1 670 0 $795,000 $1,187 2/26/2015

35 Dolores - 308 3/2 1,280 1 $1,610,000 $1,258 2/25/2015

35 Dolores - 101 2/2 1,175 1 $1,350,000 $1,149 2/19/2015

35 Dolores - 107 2/2 1,170 1 $1,495,000 $1,278 2/7/2015

35 Dolores - 206 2/2 1,188 1 $1,345,000 $1,132 2/7/2015

35 Dolores - 305 1/1 670 0 $745,000 $1,112 2/7/2015

35 Dolores - 406 2/2 1,186 1 $1,575,000 $1,328 2/7/2015

35 Dolores - 405 1/1 670 0 $800,000 $1,194 2/3/2015

35 Dolores - 201 2/2 1,152 1 $1,225,000 $1,063 1/31/2015

35 Dolores - 204 1/1 750 0 $790,000 $1,053 1/31/2015

35 Dolores - 306 2/2 1,186 1 $1,495,000 $1,261 1/31/2015

35 Dolores - 401 2/2 1,237 1 $1,495,000 $1,209 1/31/2015

35 Dolores - 404 1/1 755 1 $900,000 $1,192 1/31/2015

35 Dolores - 409 1/1 620 0 $739,000 $1,192 1/31/2015

35 Dolores - 205 1/1 665 0 $730,000 $1,098 1/30/2015

35 Dolores - 108 3/2 1,267 1 $1,695,000 $1,338 1/26/2015

35 Dolores - 106 2/2 1,170 1 $1,465,000 $1,252 1/24/2015

35 Dolores - 207 2/2 1,165 1 $1,295,000 $1,112 1/24/2015

35 Dolores - 208 3/2 1,280 1 $1,495,000 $1,168 1/24/2015

35 Dolores - 303 2/2 935 1 $1,145,000 $1,225 1/24/2015

35 Dolores - 304 1/1 755 0 $830,000 $1,099 1/24/2015

35 Dolores - 310 2/2 995 1 $1,295,000 $1,302 1/24/2015

35 Dolores - 403 2/2 935 1 $1,195,000 $1,278 1/24/2015

35 Dolores - 407 2/2 1,162 1 $1,625,000 $1,398 1/24/2015

35 Dolores - 408 3/2 1,280 1 $1,750,000 $1,367 1/24/2015

35 Dolores - 410 2/2 995 1 $1,395,000 $1,402 1/24/2015

Closing Details



THE SAN FRANCISCO SHIPYARD (1st Release)

11 Innes Court | Hunters PointStatus: Average $/SqFt: $650, Approximate absorption: 10 units/month

Developer: Lennar Urban

Date on market: June 2014

First closings: December 2014

Project info: 5-story condominium building (Merchant) & 25 town-homes (Olympia), Monthly HOA fee: $250 - $505, 9 BMRs

Amenities: Community park, shuttle service, roof terrace (Merchant)

Features & Finishes: Attached garages (Olympia), balconies & patios, Bay & City views, walk-in closets, Barbosa cabinetry, Bosch appliances, quartz and Corian counter tops, porcelain tile, sustain-able Plyboo bamboo floors

Website: TheSFShipyard.com


OLYMPIA TOWNHOMES

2 - Bedroom 18 948 - 1,172 SqFt $650K - $725K

3 - Bedroom 7 1,418 - 1,587 SqFt $850K - $925K


MERCHANT CONDOS

Studio 1 457 SqFt -

1 - Bedroom 29 595 - 744 SqFt $450K - $500K

2 - Bedroom 32 921 - 1,027 SqFt $550K - $750K

3 - Bedroom 1 1,158 SqFt $675K



LINEA

8 Buchanan Street at Market | Duboce TriangleAverage $/SqFt (last six months): $1,060

Date on market: August 2013

Sold-out: December 2014

Developer: Brian Spiers

Architect: Arquitectonica

Project info: 115 units, 9-stories, HOA: $450 - $675

Amenities: Attended lobby, roof terrace, courtyard

Finishes: Quartz counter tops, hardwood floors, Bertazzoni/Liebherr/Bosch appliances


ARDEN

718 & 738 Long Bridge Street at 4th | Mission BayStatus: Approximate absorption: 65 units/month, All units in contract: Sep-tember 2014, Average $/SqFt: $1,135

Developer: Bosa Development; Architect: Chris Dikeakos

Project info: 267 units, 0 BMRs, 16-stories, Monthly HOA fee: $775 - $1,175

Date on market: June 2014

Closings anticipated: Q3 2015

Amenities: Attended lobbies, 75’ lap pool, spa, fitness center with changing rooms, resident’s lounge with kitchen/billiards, numerous terraces, BBQ, library, electric car share, workshop, pet grooming facility, common area WIFI and USB ports, storage

Features and Finishes: Hardwood floors, Whirlpool washer/dryers, walk-in closets, solid core interior doors, USB and fiber optic wiring, Caesarstone counter tops, Thermador appliances, Grohe plumbing fixtures

Website: ArdenByBosa.com


1 - Bedroom 17 732 - 1,168 SqFt $775K - $1M

2 - Bedroom 205 995 - 1,436 SqFt $1M - $1.8M

3 - Bedroom 45 1,611 - 2,044 SqFt $1.5M - $2.5M


Linea - 312 1/1 836 0 $749,000 $896 1/2/2015

Linea - 601 2/1 787 1 $899,000 $1,142 12/31/2014

Linea - 813 2/2 963 1 $1,090,000 $1,132 12/22/2014

Linea - 406 1/1 778 1 $829,000 $1,066 11/13/2014

Unit Mix and Pricing Summary

Closing Details



MILLWHEEL NORTH

1275 Indiana Street at 23rd | DogpatchAverage $/SqFt: $869

Developer: The R Group

Project info: 39 units, 4-stories, HOA: $400 - $450, Date on market: May 2014, Sold-out: December 2014

Amenities: Courtyard

Features & Finishes: Bonelli windows, hardwood floors, Heat & Glo fireplaces, Shaw carpeting, black marble in bathrooms, Inox polished chrome door hardware, Grohe plumbing fixtures, Elfa closet systems, GE washer/dryers, private outdoor spaces, Bellmont cabinetry, Caesarstone counter tops, KitchenAid refrigerator, Bertazzoni range ovens, Bosch dishwashers, marble flooring, Hydro Systems soaking tubs, porcelain tile bathroom floors


Millwheel North - 403 2/2 1,096 1 $1,045,000 $953 12/16/14

Millwheel North - 405 2/2 1,215 1 $1,150,000 $947 10/28/14

Millwheel North - 103 2/2 1,467 1 $1,245,000 $849 10/24/14

Millwheel North - 101 2/2 1,360 1 $1,050,000 $772 10/22/14

Millwheel North - 102 2/2 1,121 1 $995,000 $888 10/22/14

Millwheel North - 203 2/2 1,223 1 $949,000 $776 10/22/14

Millwheel North - 206 2/2 1,221 1 $1,100,000 $901 10/22/14

Millwheel North - 301 2/2 1,316 1 $1,125,000 $855 10/22/14

Millwheel North - 304 2/2 1,094 1 $999,000 $913 10/22/14

Closing Details

MINT COLLECTION

2 & 10 Mint Plaza - 410 & 424 Jessie Street (5th & Mission) | SOMAAverage $/SqFt (last six months): $1,135

Developer: Martin Building Company

Project info: 10-stories, Monthly HOA fee: $350 - $1,200


Amenities: Roof terrace with BBQ, fitness center, spa

Features and Finishes: 11’6” and 11’15” ceilings, granite/concrete counter tops, acid-stained concrete floors


Mint Collection - 6 4/4 3,321 1 $3,995,000 $1,203 4/15/2015

Mint Collection - 3 2/2 1,559 1 $1,600,000 $1,026 2/27/2015

Mint Collection - 801 2/1 1,240 1 $1,350,000 $1,089 11/5/2014

Closing Details


DEVELOPMENT SNAPSHOT Resale

MILLENNIUM TOWER

301 Mission Street at Fremont | SOMAAverage $/SqFt (last 6 months): $1,673

Developer: Millennium Partners

Architect: Handel Architects

Project info: 419 units, 58-story high-rise & 11-story mid-rise, Monthly HOA fee: $450 - $1,750

Date on market: November 2007

Sold-out: April 2013

Amenities: Concierge, resident’s lounge, tasting room and cellar, private dining room, screening room, children’s play-room, outdoor terrace, 5,500 square-foot fitness center with Pilates/yoga studios/massage service/locker rooms/spa room/steam room/75-foot indoor lap pool

Finishes: Hardwood floors, Studio Becker cabinetry, mar-ble/quartzite counter tops, Sub-Zero/Wolfe/Miele/GE/Bosch/U-Line appliances


Millennium Tower - 32D 2/3 1,952 1 $4,000,000 $2,049 6/1/2015

Millennium Tower - 301 2/2 2,280 1 $3,600,000 $1,579 5/12/2015

Millennium Tower - 9J 2/2 1,127 0 $1,500,000 $1,331 4/17/2015

Millennium Tower - 5E 2/2 1,136 0 $1,500,000 $1,320 4/10/2015


Millennium Tower - 32E 2/2 1,714 1 $2,775,000 $1,619 3/31/2015

Millennium Tower - 36D 2/3 1,952 1 $4,000,000 $2,049 3/10/2015


Millennium Tower - 22H 1/1 733 0 $1,080,000 $1,473 1/16/2015

Millennium Tower - 15A 2/2 1,479 1 $2,000,000 $1,352 12/15/2014

Closing Details



ONE RINCON HILL

425 1st Street at Harrison | SOMAAverage $/SqFt (last 6 months): $1,449

Developer: Urban West Associates

Architect: SCB

Project info: 376 units, 60-stories, Monthly HOA fee: $650 - $1,000


Sold-out: November 2012

Amenities: 24-hour doorman, concierge, high-speed Internet access, fit-ness center, resident’s lounge with catering kitchen, valet parking, full-size swimming pool, outdoor kitchen, outdoor fireplace

Finishes: Hardwood floors, Del Tongo cabinetry, Sub-Zero refrigerators, Bosch appliances


One Rincon Hill - 3103 2/2 1,328 1 $1,968,000 $1,482 5/29/2015

One Rincon Hill - 5103 2/2 1,328 1 $2,600,000 $1,958 5/29/2015

One Rincon Hill - 1803 2/2 1,278 1 $1,565,000 $1,225 4/30/2015

One Rincon Hill - 2904 3/3 1,947 1 $2,950,000 $1,515 4/28/2015

One Rincon Hill - 404 3/2.5 2,354 1 $2,400,000 $1,020 4/24/2015

One Rincon Hill - 3208 1/1 755 1 $1,079,000 $1,429 3/11/2015

One Rincon Hill - 2508 1/1 755 1 $1,059,000 $1,403 3/5/2015

One Rincon Hill - 2407 1/1 819 1 $1,150,000 $1,404 2/20/2015

One Rincon Hill - 4607 1/1 819 1 $1,288,000 $1,573 2/18/2015

One Rincon Hill - 1608 1/1 755 1 $915,000 $1,212 2/6/2015

One Rincon Hill - 5204 3/3 1,947 1 $3,530,000 $1,813 12/31/2014

One Rincon Hill - 4207 1/1 819 1 $1,200,000 $1,465 12/27/2014

One Rincon Hill - 2107 1/1 819 1 $1,075,000 $1,313 12/18/2014

Closing Details



THE INFINITY

301 & 333 Main Street, 318 & 338 Spear Street | South BeachAverage $/SqFt (last 6 months): $1,496

Developer: Tishman Speyer

Architect: Heller Manus/Bernardo Fort-Brescia of Arquitectonica

Project info: 650 units, one 37- and one 42-story high rise, one 8- and one 9-story podium, Date on market: June 2006, Sold-out: March 2011, HOA: $600 - $1,600

Amenities: Attended lobbies with concierge services, courtyards, 5,000 square foot fitness center, 75-foot indoor lap pool, sauna, resident’s lounge with catering kitchen, business center, screening room

Finishes: Granite counter tops, Studio Becker cabinetry, Watermark and Kohler fixtures, Bosch appliances, Bamboo flooring


The Infinity - 21G 1/1 807 1 $1,125,000 $1,394 5/21/2015

The Infinity - T20H 2/2 1,331 1 $1,702,000 $1,279 5/20/2015

The Infinity - 9G 3/2 1,331 1 $1,635,000 $1,228 5/15/2015

The Infinity - IT3A 2/2 1,159 1 $1,275,000 $1,100 5/6/2015

The Infinity - IT4G 0/1 538 1 $753,000 $1,400 5/6/2015

The Infinity - T26D 2/2 1,317 1 $2,420,000 $1,838 4/7/2015

The Infinity - 23B 2/2 1,317 1 $2,418,000 $1,836 3/27/2015

The Infinity - 5B 2/2.5 1,812 1 $2,369,000 $1,307 3/17/2015

The Infinity - 35A 2/2 1,268 1 $2,480,000 $1,956 3/3/2015

The Infinity - 9C 3/2.5 1,429 1 $1,850,000 $1,295 2/27/2015

The Infinity - 25H 2/2 1,317 1 $1,849,000 $1,404 2/24/2015

The Infinity - 27F 2/2 1,307 1 $2,088,000 $1,598 1/30/2015

The Infinity - 30A 2/2 1,268 1 $2,200,000 $1,735 1/23/2015

The Infinity - 14A 2/2 1,163 1 $1,415,000 $1,217 1/1/2015

The Infinity - 33G 3/2 1,610 1 $2,375,000 $1,475 12/19/2014

The Infinity - 36A 2/2 1,268 1 $2,327,500 $1,836 12/3/2014

Closing Details


THE HAYES

55 Page Street at Gough | Hayes ValleyAverage $/SqFt (last 6 months): $1,237

Developer: Intracorp

Architect: Heller Manus


Finishes: Studio Becker cabinetry, granite counter tops, bamboo flooring

Amenities: Attended lobby, fitness center, roof terrace


ONE HAWTHORNE

1 Hawthorne Street at Howard | SOMAAverage $/SqFt (last 6 months): $1,276

Developer: Jackson Pacific Ventures

Architect: EHDD



Sold-out: May 2013

Amenities: Fitness center, roof terrace with BBQ, attended lobby

Finishes: Quartz and limestone counter tops, hardwood floors, Studio Beck-er cabinetry, Bosch appliances


The Hayes - 824 2/2 1,023 1 $1,367,000 $1,336 5/8/2015

The Hayes - 726 2/2 1,023 1 $1,225,000 $1,197 4/10/2015

The Hayes - 310 1/1 739 1 $899,000 $1,217 3/23/2015

The Hayes - 514 0/1 476 1 $564,000 $1,185 3/4/2015

The Hayes - 515 1/1 750 1 $905,000 $1,207 2/6/2015


One Hawthorne - 9C 2/2 1,298 1 $1,725,000 $1,329 4/15/2015

One Hawthorne - 3E 1/1 824 1 $949,000 $1,152 4/10/2015

One Hawthorne - 21C 2/2 1,313 1 $1,800,000 $1,371 2/27/2015

One Hawthorne - 11E 2/2 1,246 1 $1,500,000 $1,204 1/26/2015

Closing Details

Closing Details


UPCOMING CONDOMINIUM DEVELOPMENTSDevelopment Developer / Owner Area Sales

Commence Units

Luxe - 1650 Broadway Street at Van Ness Belrich Partners Van Ness Corridor Q2 2015 34

2655 Bush Street at Divisadero KB Home Lower Pac Heights Q2 2015 81

Park 181 - Fremont Street at Howard Jay Paul Company Transbay Q2 2015 67

1450 Franklin Street at Bush Village Properties Western Addition Q3 2015 67

1001 17th Street at Pennsylvania 1001 17th Street Associates Potrero Hill Q3 2015 26

Onyx Phase II - 310 Carolina Street at 17th LNF Partners Potrero Hill Q3 2015 21

832 Sutter Street at Jones n/a Lower Nob Hill Q3 2015 20

1868 Van Ness Avenue at Sacramento JS Sullivan Nob Hill Q4 2015 35

388 Fulton Street at Franklin 7x7 Development Hayes Valley Q4 2015 61

450 Hayes Street at Gough DDG/DM Hayes Valley Q4 2015 41

Pacific - 2155 Webster Street at Sacramento Trumark Urban Pacific Heights Q4 2015 76

Knox - 645 Texas Street at 22nd Trumark Urban Potrero Hill Q1 2016 91

Rowan - 346 Potrero Avenue at 16th Trumark Urban Potrero Hill Q1 2016 75

580 Hayes Street at Laguna Laguna Hayes LLC Hayes Valley Q1 2016 29

1450 FRANKLIN580 HAYES

ROWAN


UPCOMING APARTMENT DEVELOPMENTSDevelopment Developer / Owner Area Leasing to

Commence Units

Azure - 690 Long Bridge Street Equity Residential Mission Bay Q2 2015 273

Jasper - 45 Lansing Street at 1st Crescent Heights South of Market Q2 2015 320

Alta Laguna - 55 Laguna Street at Market Wood Partners Hayes Valley Q3 2015 280

101 Polk Street at Hayes Emerald Fund Mid-Market Q3 2015 143

340 Fremont Street at Folsom Equity Residential South of Market Q3 2015 332

1321 Mission Street at 9th (Efficiency Units) Panoramic Interests South of Market Q3 2015 160

1401 Mission Street at 10th Behringer Harvard South of Market Q3 2015 117

299 Fremont Street at Folsom Golub and Company South of Market Q3 2015 409

350 8th Street at Harrison AIG Global/Associated Estates South of Market Q4 2015 408

2198 Market Street at Sanchez Greystar Upper Market Q1 2016 87

360 Berry Street at 5th Integral Group/Argosy RE Mission Bay Q2 2016 129

EQR Potrero - 1000 16th Street at Missouri Equity Residential Potrero Hill Q2 2016 453

Echelon - 399 Fremont Street at Harrison UDR/MetLife South of Market Q2 2016 452

1 Henry Adams at Division Equity ResidentialSOMA - Design

DistrictQ4 2016 241

1201 Tennessee Street at 22nd AGI/Avant Housing Dogpatch Q1 2017 259

801 Brannan Street at 8th Equity ResidentialSOMA - Design

DistrictQ1 2017 599

Trinity Place - Market & 8th Trinity Properties South of Market Q1 2017 550

ALTA LAGUNAEQR POTRERO

350 8th


Approved, Under Review and ConceptualArea Approved Under Review Conceptual

Bayview/Hunters Point/Candlestick Point 12,600 499 3,780

Dogpatch 360 907 1


Mid-Market 32 2,628 0

Mission 141 1,489 141

Mission Bay 692 1,500 0

Northern Neighborhoods 132 1,415 0

Potrero Hill 131 1,019 323

South of Market 2,580 5,933 888

Southern Neighborhoods 1,875 1,001 461

Transbay 940 657 0

Treasure Island 8,619 0 0


Van Ness Corridor 0 1,413 0

Western Neighborhoods 9,007 574 550

Total 37,284 19,427 6,168

Under Construction (by product type)Area Condominiums Apartments All

Dogpatch 0 259 259


Mid-Market 0 143 143

Mission 12 0 12

Mission Bay 0 402 402

Northern Neighborhoods 279 0 279

Potrero Hill 213 453 666

South of Market 0 3,588 3,588

Transbay 67 0 67


Van Ness Corridor 34 0 34

Totals 736 5,212 5,948

The category, under construction - condominiums, does not include developments which are preselling units. These developments are categorized as Currently Selling.

Northern Neighborhoods covers Cathedral Hill, Western Addition, Pacific Heights, Nob Hill, Lower Nob Hill, Financial District, Russian Hill, Telegraph Hill, North Beach & Marina/Cow Hollow.

Southern Neighborhoods covers Oceanview, Glen Park, Outer Mission, Mission Terrace, Visitacion Valley.

Western Neighborhoods covers Park Merced, Parkside, Forest Knolls, Richmond, Sunset, Laurel Heights.

PIPELINE SUMMARY


SAN FRANCISCO RESIDENTIAL SUPPLYPROJECTED SUPPLY

New apartment supply should swell by the start of 2017, while new condominiums should be nearly depleted. This may encourage developers to sell apartment units as condominiums instead. The potential for this sea change depends largely on the type of developer (REIT versus others), debt structures and market pricing. Many developers “condominium map” units, in order to have such flexibility. This was a phenomenon which occurred in the last market cycle, and is likely to occur again.

HISTORICAL SUPPLY

Roughly 1,500 housings units have been produced year-to-date. There are approximately 7,500 units currently under construction (including units in Developments which are preselling units).

532909 906 909

1,2251,859 1,619

2,2602,730

1,780 1,872 1,6752,197

3,0193,366

1,082348

794

2,330

3,454

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

Uni

ts

Historical Supply

1,0301,188

925720

344107 21 0

875

2,110

1,085

556

1,131

674 666

1,714

0

500

1,000

1,500

2,000

2,500

Q2 2015 Q3 2015 Q4 2015 Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017

Uni

ts

Projected Supply

New Condominiums New Apartments


ABOUT VANGUARD PROPERTIES DEVELOPER SERVICESVanguard Properties expertly guides urban residential developers. Core consulting services include Research, Land Acquisition, Design, Branding and Sales Strategy. From concept to close-out, Vanguard leads the way. For a list of developments, visit VanguardSF.com

For Developer Services, contact:

FRANK NOLAN JAMES NUNEMACHER

VP, Director of Development Co-founder & Principal

415.377.3726 415.519.7772

[email protected] [email protected]

BRE License No. 01300017 BRE License No. 00913606

For additional market reporting, contact:

JONATHAN MOFTAKHAR

Market Analyst

415.920.3731

[email protected]

BRE License No. 01442709

VANGUARD PROPERTIES REPORT DISCLAIMER

Data sources for this Report include but are not limited to SFAR MLS, the San Francisco Planning Department, development mar-keting websites and industry news/information outlets. The information in this Report is subject to errors, as it is compiled from multiple sources, with varying degrees of accuracy and currency. This Report should not be reproduced or distributed, in whole or in part, without the prior written consent of Vanguard Properties. The statements in this Report, which are not historical facts, are projections or estimates based on Vanguard Properties’ opinions and expectations of future market performance. Although the information presented is believed to be correct, no representation is made by Vanguard Properties as to the accuracy or complete-ness of the information. The information presented may be subject to updating, revision or verification, and such information may change in a material nature. This is not an offer to sell property, and is intended for information purposes only. This Report should not be relied upon or utilized in making investment decisions. ©2015 Vanguard Properties, All rights reserved.

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