From the sales office at The Infinity:
The Infinity San Francisco, a 650-unit luxury condominium development by Tishman Speyer, announced today that its 237-unit Tower I is 100 percent closed out. The Tower I close out caps off an extraordinarily successful year in which The Infinity recorded 292 net sales – nearly 45 percent of its total 650 units of inventory. The development’s 285-unit Tower II is nearly 70 percent closed just nine months after opening in February 2009. The entire development is now more than 85 percent closed.
UPDATE: Parsing the language, we estimate the treetops to be roughly 90 percent sold and “Phase One” (Tower I and the Treetops) at 97 percent closed overall. We’ll also call it roughly 40 net new Phase One sales and roughly 165 net new Tower II sales over the past eight months.
Keep in mind significant sales office discounting (over 30% for some) has been in play but has also eased up over the past couple of months.
UPDATE: A plugged-in reader believes that all the treetop units have all closed. If so, call it closer to 50 net new Phase One sales (and a Phase One closeout) over the past eight months. And either way, call it just under a hundred to go.
UPDATE: Another plugged-in reader adds: “As of two weeks ago, there were 47 available units at the Infinity…so that translates to something like 552 closed, 51 under contract, 47 available.”
Tower Two Sales Update: 50 Contracts Total Since January 1 [SocketSite]
∙ Infinity Sales Update: New Contracts Up But Driven By Discounts [SocketSite]