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Articles Recently Tagged: One Rincon Hill

(27 posts)
Plans To Raze Prominent Rincon Hill 76 Station For Condos To Rise

Plans To Raze Prominent Rincon Hill 76 Station For Condos To Rise

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 »

99,750 Reasons Your Agent Might Now Be Bullish On One Rincon Hill

99,750 Reasons Your Agent Might Now Be Bullish On One Rincon Hill

If your agent has suddenly become bullish on One Rincon Hill unit #2904, a plugged-in tipster notes there might be more than one reason why: According to an email sent to agents yesterday, the One Rincon Hill sales office is now offering a 5 percent commission to the “buyer’s... Read More »

One Rincon Hill: The Ground Has Been Broken For Tower Two

One Rincon Hill: The Ground Has Been Broken For Tower Two

The ground has been broken for tower two at One Rincon Hill to rise. As we first reported earlier this year with respect to the 299-unit Phase II: “For the floor plans and unit layouts, Phase II will combine the two adjacent small one bedroom units at the center... Read More »

One Rincon Hill’s Tower Two Targeting June 11 Construction Start

One Rincon Hill’s Tower Two Targeting June 11 Construction Start

As we first reported with respect to One Rincon Hill’s Phase and Tower 2 in March: Construction is anticipated to start approximately June 1, 2012 and be completed in an estimated 26 months. The building design, unit size and unit mix can be summarized as a 50 story [or... Read More »

The One Rincon Hill Tower Two Timing, Design And Details Scoop

The One Rincon Hill Tower Two Timing, Design And Details Scoop

A plugged-in tipster over at One Rincon Hill delivers the design, timing and detailed scoop with respect to the second tower and One Rincon Hill Phase II: Construction is anticipated to start approximately June 1, 2012 and be completed in an estimated 26 months. The building design, unit size... Read More »

Still Not Cheap (But Half A Million Cheaper Than In 2008)

Still Not Cheap (But Half A Million Cheaper Than In 2008)

Just listed for $2,350,000 or $1,207 per square foot, the list price for 425 1st Street #5204 isn’t exactly cheap. But having been purchased for $2,916,000, it is 19.4 percent ($566,000) cheaper for the One Rincon Hill three-bedroom today than in August of 2008. Read More »

The “America’s Cup Effect” In Action?

The “America’s Cup Effect” In Action?

The re-sale of 425 1st Street #4702 closed escrow yesterday with a reported contract price $1,350,000 ($1,031 per square foot) for the One Rincon Hill two-bedroom which was purchased from the sales office for $1,605,500 ($1,226 per square) in August 2008. As we wrote when #4702 hit the market... Read More »

A Two Becomes A One With Room To Entertain At One Rincon Hill

A Two Becomes A One With Room To Entertain At One Rincon Hill

Purchased as a One Rincon Hill two-bedroom for $1,250,000 ten months ago, 425 1st Street #4706 has returned to the market with one less bedroom but all 1,238 square feet and asking the same. In the words of the listing agent: Similar two-bedroom units present a challenge for entertaining... Read More »

One Rincon Hill Phase II Partnership Interests Headed For Foreclosure

As a plugged-in tipster notes, the 64 percent partnership interest held by Urban West Rincon Developers II, LLC in the One Rincon Hill Phase II Limited Partnership and the entire general partner interest held by Rincon Developers Phase II, LLC have been scheduled for a foreclosure sale down in... Read More »

7 Percent Under Asking But 24 Percent Under Its Closest 2008 Comp

In August 2008 the sales office at One Rincon Hill closed escrow on the sale of 425 1st Street #4705 for $796,000 ($1,121 per square) and 425 1st Street #5005 for $817,500 ($1,151 per square), contracts which were likely written in 2006. In October ’09 the sales office sold... Read More »