CFAH

2350 Lombard: 3/23/09 (www.SocketSite.com)
A reader wonders if we know what’s rising at the corner of Scott and Lombard and we do.
2350 Lombard: Renderings
2350 Lombard will consist of twelve new “townhouses” over ground floor commercial and parking. Design by Kotas/Pantaleoni and expected to be fully risen by the end of the year.
Kotas/Pantaleoni Architects Portfolio: 2350 Lombard Street [kp-architects.com]

Comments from Plugged-In Readers

  1. Posted by marina girl

    Lombard has never proven a viable incubator for commercial enterprise, so that worries me. On the other hand, the condos on the next block (Lombard @ Pierce) sold within the last year. Also, anything new on Lombard is an uptick from that glum stretch of dilapidated motels.
    [Editor’s Note: Believe it or not 3208 Pierce hit the market over two years ago. Time flies when you’re plugged-in…]

  2. Posted by jlasf

    I have always wondered why the old motels along the Lombard corridor weren’t torn down during the real estate boom and
    replaced with condos. The motels are a very inefficient use
    of land in an area that has high real estate values. (It could be because of traffic, but some of the condos in South Beach
    have traffic, too.) That could have transformed this part
    of Lombard into a more attractive area.
    Anyway, now that the boom is over, it won’t happen.

  3. Posted by marina girl

    My boyfriend, a Vice President at Lehman Brothers, and I refuse to acknowledge that 2008 ever happened, so, on my calendar, it was a year ago. Damn bean counters.

  4. Posted by gh

    This building has some macho steel beams exposed right now. 3208 had the market perfectly timed…this could be a tougher project to sell though, especially with all the absolute crap along Lombard. The flat at 3116 Pierce has been on the market for months, the location just kills it.

  5. Posted by lolcat_94123

    Damn I’ll miss that carwash.

  6. Posted by Pancakes!

    “The flat at 3116 Pierce has been on the market for months, the location just kills it.”
    What are you talking about??? IHOP RULES!

  7. Posted by adamf

    these are going to be rentals…im told.

  8. Posted by NativeSanFranciscan

    jlasf “I have always wondered why the old motels along the Lombard corridor weren’t torn down during the real estate boom and replaced with condos. The motels are a very inefficient use
    of land in an area that has high real estate values.”
    Motels sell for an amount SUBSTANTIALLY above what a developable lot is worth. San Francisco is a prime tourist area and these motels do quite well.

  9. Posted by Pancakes!

    These are not planned to be rentals. Expect around $1-1.1mil, depending on views and on market by Jan/Feb 2010.

  10. Posted by sfrob

    3208 Pierce sold for some outrageous prices…. can’t wait for the first resale so SS can post their off the charts price drops as indicative of the entire market. Yet it’s another building that a smart agent would have steered his clients clear of unless they didn’t care about it depreciating in value by 10% the moment they closed escrow.

Comments are closed.

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