The for sale flags are now flying, and a placeholder website is now up, for the 26 units of “Citadine,” previously known and chronicled as 1299 Bush. Touting “3.5% Down Available” which would seem to suggest FHA approved, but would also require at least 50% of the units to close prior to funding if so.
∙ Citadine (1299 Bush Street) [citadine-sf.com]
∙ Twenty-Six In The Bush At 1299 Rising (And A Reality Check) [SocketSite]
Five years ago I could see some people taking a gamble that the neighborhood is on the up and up, it’s centrally located, and well it’s not the worst stretch of that area by far.
Now? Not without some aggressive pricing. I wish them the best of luck though.
Remember folks, you want to live on the *downhill* slope of any large hill in SF. Otherwise your living room is filled with exhaust noise. Unless the place has A/C, those double paned windows won’t do anything.
Citadine, isn’t that a decongestant?
Scurvy, what do you consider to be aggressive pricing? $500 per square foot?
“Remember folks, you want to live on the *downhill* slope of any large hill in SF. Otherwise your living room is filled with exhaust noise. Unless the place has A/C, those double paned windows won’t do anything.”
Scurvy. Not being a city dweller I dont understand what you mean. Could you spell it out?
Thanks.
^^^ scurvy is referring to one-way streets. If the traffic flows uphill then engines work harder and create a lot more noise and exhaust. When traffic flows downhill it coasts quietly.
It is a moot issue on two-way streets though even there you’ll suffer from a certain amount of noise and pollution from the uphill lane. I remember having a “free” muni alarm clock as the diesel buses began grinding up a steep hill outside of the window starting sometime around 5am. This was a two way street with one lane each direction, but it only takes one bus to growl.
A month or so after the grand opening replete with valet parking, they are now reducing their prices. To date it appears that only two condos have been sold if you look at what is posted in the windows of each unit. I had to laugh at the pricing. They will be lucky if they get half of what they are asking if they sell at all.
Presentation-looks good in theory. Pics though are not reality. They even went as far as to alter the slope of Larkin St. to make the building look more attractive. They also added trees that are not even there. Take a good look at the interior pics. They are of the penthouse units for the most part. Notice the tiny wall heaters that are miles away from the window. Now, stand across the street and look at the actual building. Yup, that’s right. In the south facing units all of the windows are blocked by huge support columns. The project is a joke!!!
Agree with stephen. This building is false advertising at its best.