Eight months ahead of schedule with regard to the completion of Phase II, according to J.K. Dineen and Tishman Speyer Managing Director Carl Shannon, inventory in Infinity’s 300 unit second tower will start selling in January (2009) and will be available for occupancy three months later (April).
Tishman Speyer Managing Director Carl Shannon said Phase I of the 365-unit Infinity is 70 percent closed, with 251 units sold and 40 condos in contract.
In terms of closed sales, that’s right in line with what our plugged-in reader reported two weeks ago. And the terms on that 10% second program: five-year fixed at 7.5 percent.
UPDATE: With respect to tower two, a plugged-in reader reports: “I checked out some of the units in Phase II today and noticed that all of the ranges are Viking. Looks like they upgraded as compared to Phase I.”
∙ Tishman plans sales at second Infinity tower [San Francisco Business Times]
∙ An A+ For Ingenuity (And Openness): Infinity Closings Update [SocketSite]
∙ The Infinity’s “New Financing Program”: 10% Seconds [SocketSite]