Having hit the market priced at $1.95 million in March, a price which was subsequently reduced to $1.835 million in May, the sale of the “coveted” south-east corner unit #1902 in the One Rincon Hill tower at 425 First Street, a 1,309-square-foot unit with “commanding Bay Bridge and water... Read More »

Purchased for a little over a million ($1,007,000) in January of 2016, the “exceptional” 710-square-foot, one-bedroom view condo #4905 atop One Rincon Hill returned to the market listed for a mere $8,000 (0.8 percent) more this past April. And having been reduced to $995,000 in May, the sale of... Read More »

As we originally outlined back in the third quarter of 2015: Purchased for $700,000 in 2012, or roughly $1,150 per square foot, the one-bedroom One Rincon Hill condo #4404 was listed as a rental for $3,800 in mid-2014 and actually rented for $3,750 per month, which included valet parking... Read More »

Purchased for $3.535 million at the end of 2014, prior to which it had been listed for rent at $18,000 per month, the three-bedroom, three-bath penthouse unit #5204 atop One Rincon Hill at 425 1st Street was subsequently upgraded, with new hardwood flooring in place of carpet in the... Read More »

While not nearly as serious as the lawsuits related to the sinking Millennium Tower, a lawsuit seeking damages for the “premature and unreasonable deterioration” of the 55-story tower at 425 1st Street known as One Rincon Hill has been filed by the homeowners association in San Francisco’s Superior Court.... Read More »

Built in 1930, prior to which a number of residential buildings had resided on the Rincon Hill site, the two-story industrial building at 511 Harrison Street has served a number of commercial tenants over the past 85 years, was the site of One Rincon Hill’s original sales office, and... Read More »

Purchased for $700,000 in 2012, or roughly $1,150 per square foot, the one-bedroom One Rincon Hill condo #4404 was listed as a rental for $3,800 in mid-2014 and actually rented for $3,750 per month, which included valet parking along with the unobstructed views. With monthly HOA dues of $724... Read More »

With less than half the tower’s 298 units currently occupied despite having started leasing in early 2014, One Rincon Hill’s northwest tower is reportedly in contract to be sold for $400 million.  And while currently operating as an apartment building, the application to clear the way for the individual... Read More »

According to the city, $925,666 appears to have “vanished” from the South of Market Community Stabilization Fund, money which was earmarked to fund improvements to local parks and pedestrian safety. According to the Association of Bay Area Governments, however, the money was properly disbursed to the developer of One Rincon... Read More »

It was only a matter of time, and now that time has come.  Plans to demolish the Union 76 Station on the northwest corner of First and Harrison have been filed.  And on the corner, a 185-unit residential building has been proposed to rise, adjacent to the 400-foot building... Read More »