Speaking of active listings for properties in San Francisco with at least one reduction, the percentage of which has just hit a three-year high, the list price for the 1,136-square-foot, two-bedroom unit #309 at 72 Townsend Street, which also comes with a private 605-square-foot terrace and a deeded parking... Read More »
As we wrote when we noted the slightly sub-2015 sale price for the one-bedroom unit #403 at 72 Townsend Street last year, “if you’re kicking yourself for having missed yet another anomalous and cherry-picked outcome (as some will certainly continue to rationalize), please don’t. Instead, turn your attention to... Read More »
Purchased as new for $952,000 or roughly $1,213 per square foot back in November 2015, the 785-square-foot, one-bedroom condo #403 at 72 Townsend Street returned to the market this past March priced at $998,000. While the re-sale of 72 Townsend Street #403 has now closed escrow with a contract... Read More »
Purchased as new for $952,000, or roughly $1,213 per square foot, in November 2015, the 785-square-foot, one-bedroom condo #403 at 72 Townsend Street, a “one-of-a-kind luxury mid-rise” building in the heart of South Beach, returned to the market last month priced at $998,000, a sale at which would represent total... Read More »
With the building permits to add seven stories and seventy-four condos atop the existing 31-foot warehouse at 72 Townsend Street quietly reinstated at the end of 2012, the project has been sold to KB Homes which plans to start work next month. The 74 new South Beach condos which... Read More »
In 2009 the proposed developer of 74 approved units at 64/72 Townsend filed for bankruptcy. And in 2011, the existing office space at 72 Townsend was leased to Federated Media which was expected to delay any development by at least 5 years. The building permits to add seven stories... Read More »
From a plugged-in tipster in 2007: “The existing ground floor windows got a good wash yesterday and are now adorned with the news that Luxury Homes are coming soon starting from the $600s. Development is by Thompson Development, hoping that that plans approved last year... Read More »
From a plugged-in tipster nine months ago: The existing ground floor windows got a good wash yesterday and are now adorned with the news that Luxury Homes are coming soon starting from the $600s. Development is by Thompson Development, hoping that that plans approved last... Read More »
A plugged-in tipster provides an update on the warehouse to condo transformation of 72 Townsend down in SoMa: The existing ground floor windows got a good wash yesterday and are now adorned with the news that Luxury Homes are coming soon starting from the $600s. Development is by... Read More »
“Westbay Builders has purchased a 25,380-square-foot industrial property at 72 Townsend St. for $9.2 million and plans on developing a nine-story, 74-unit condo building on the site….The project is fully approved and will incorporate a historic one-story warehouse built in 1874 for grain storage. “ (Flynn Properties scores with... Read More »
“Agreed. This bodes extremely well for the future of density in SF. Next, I'd love to see an offi...” [more]
“Unfortunately its not always possible due to the particular building. I manage a 5 unit building an...” [more]
“No....” [more]
“Isn't this like a shopping mall with a dying anchor tenant? What's the point of paying the SF premiu...” [more]
“No secure parking in high crime neighborhood?...” [more]
“I agree! With a Muni line next door, it seems like this lot is under-developed compared the city-own...” [more]
“I'm sad that this space is not being used for housing. I think this neighborhood should allow for bu...” [more]
“UPDATE: Mortgage Loan Application Volumes Drop, purchase mortgage activity down 12 percent YOY....” [more]
“UPDATE: Housing Dropped from Approved Dogpatch Development Plans...” [more]
“My guess is it's a combination of both....” [more]