Two New San Francisco Condo Developments: The Onyx SF in Potrero Hill and VidaSF in the Mission
Here are some early advances from market intelligence from yours truly, Kevin Ho at Vanguard Properties.
OPENING SOON WITH VANGUARD: Nearly 20 new historic conversion lofts at 2 and 10 Mint Plaza will be coming courtesy of Vanguard in the first week of April. The units which vary in size from studios to a 4 bed/ 4 bath Penthouse with parking ranging from $500,000 to $4.5M (parking limited). The sales office is under construction and when open it will have a complimentary bar — expect this in April. And, while still in early construction phases, a luxury, concrete structure, Stanley Saitowitz-designed development is taking shape at 15th and Mission Streets. It’ll be modern, chic, and expensive. But that’s the market we live in today — indeed last week’s large fire at Mission Bay will only exacerbate the situation as more than 100 new condominiums that were slated to come to the market this year went up in smoke.
NOW OPEN: The Onyx, 400 block of De Haro at 17th Street
The property will be open Saturday and Sunday. If or when you go — please indicate you’re working with me, Kevin Ho if you go during this time or are required to register. Offer packages should be available with their first offer dates should for this Tuesday.
The 2-bedroom units will range between 1200-1300 square feet and will range in price from $1.2-$1.6M parking will be included but may be uncoupled ($50,000 per space). The first release includes the 04, 06 & 07 stacks — all floor plans can be seen at their website at Onyxsf.com or a scanned copy of them with prices are here. Parking and storage will be included in the price of each home; the buyer has the option of purchasing the home without parking.
The largest unit in the building is 405 which is 1685 square feet. That home will have 2 bedrooms plus den and 3 full bath and is located in the back by the courtyard. But the developer will not be releasing this unit right away due to construction of his second building, Onyx on Carolina. Estimates are that the developer will release the courtyard units later this year all once that building has been framed.
VIP & EARLY AT the VidaSF – Mission and 21st – NEW CONSTRUCTION
[map style=”width: auto; height:400px; margin:20px 0px 20px 0px; border: 1px solid black;” address=”2558 Mission Street, San Francisco, CA ” marker=”yes”]
FRIENDS AND FAMILY ACCESS: Later this year the new condos across the street from our office on Mission Street, named VidaSF, will be ready for sale. Vanguard has been given friends and family early access. Here’s what we’ve learned: There will be 26 units released now and there is a VIP Access event on March 22, 2014. Remember, new developments are the LEAST EXPENSIVE when they first open, prices GO UP as they sell out.
- Junior one bedrooms start in the mid-$500k range with ≈ 500 sqft; no parking
- One Bedrooms start in the mid-$600k range with no parking; units with parking still start in the low-$800k range with ≈ 600-800 sqft
- One bedrooms + den start in the $800k range and include parking
- Two bedrooms start in the low $900k range.
- All of the 2 Bedroom/2 Bathroom homes come with parking with ≈ 900-1100 sqft
Open today (Saturday, March 22, 2014) from 1:00- 4:00 p.m. You will need to have a pre-approval from their preferred lenders to submit an offer. I have registered for the event so you can just say you’re with Kevin Ho today!
Lenders will be onsite but here they are:
p: 415.247.1247, [email protected]