The conversion of the Book Concern Building (83 McAllister at 7th Street) from offices to “new efficiency lofts” should be completed by the end of September 2006. The 60 new units (6 below market rate) will range from studios to two bedrooms with lofts, and are currently listed starting at $260,000.
While the price point may be low, keep in mind that the price per square foot is not. As best we can tell, studio units average around 270 square feet, while two bedrooms average around 425 square feet. Definitely “efficiency” living.
And since we have yet to tour the Book Concern Building ourselves (so many sales offices, so little time…), we’re opening it up to our readers to answer a question from one of their own: “What’s the deal with [the Book Concern Building] besides the questionable location?” We’ll get things started with a bit of trivia: The Church of Scientology once called the building home.