It’s seven new contracts at San Francisco’s Millennium Tower since instituting a 15% price cut two weeks ago: six units with an average price point of ~$1.5M, and Penthouse 2A (a.k.a. 301 Mission #59A) at $10,200,000 for 5,555 square feet of raw space.
Approximately 100 of the 419 Millennium condos are now in contract with non-refundable 10% deposits (or roughly 40 net-new contracts since their first penthouse sale). The first closing and move-ins should occur around the end of April. And Michael Mina’s RN74 restaurant is on track to open at the same time. We’ll see you at the wine bar.
∙ The SocketSite Scoop: Millennium Cuts Prices 15% Across The Board [SocketSite]
∙ The Millennium: A Few Things You Might Know (And A Few You Don’t) [SocketSite]
∙ Millennium Tower San Francisco (301 Mission): Sales Update/Facts [SocketSite]