The ground has been broken for tower two at One Rincon Hill to rise. As we first reported earlier this year with respect to the 299-unit Phase II:
“For the floor plans and unit layouts, Phase II will combine the two adjacent small one bedroom units at the center of the building curve above floor 25 into one two bedroom unit. The number of two bedroom units will increase and the number of one bedroom units will correspondingly be reduced. Approximately 60% of Phase II unit plans are the same as Phase I.
Significant improvements in the Phase II building will include a 3,600 square foot exercise facility and a top floor 4,000 square foot penthouse “Sky Lounge.” (As comparison, current Phase I amenities include a 750 square foot exercise room and an 1,100 square foot Party Room). All amenities, including the existing swimming pool and spa deck facilities, will be available to occupants of both towers.”
While currently being positioned as rentals, the second tower will be condo mapped and we expect to see a sales, rather than rental, office for the building which should be construction complete by the middle of 2014.