Zephyr SOMA/SoBe Blog

One... singular sensation... South Park

Have you heard of Grammercy Park in New York or perhaps Bloomsbury Square in London, but never South Park in San Francisco? Well, those in the know have been visiting South Park, in the South Beach area for quite some time; but to the people who aren't dog-walking inhabitants of South Beach or denizens of the dining establishments (South Park Café, 21st Amendment, Caffe Centro) it may be news that there is a stunning new residential condominium loft conversion project at South Park and 2nd St. A little history: the oval oasis was designed as a private park, under lock and key, in the 1850’s to replicate famous London squares. The first and only private park in San Francisco encouraged wealthy businessmen to build two-story mansions facing this spot of greenery amongst the sand dunes and was quite popular until the 1900’s when 2nd Street was extended to the water and the local hoi polloi began to gather around the leafy green oasis. That and the 1906 earthquake basically ended this pocket-park’s reign and until the last 10 years it had been neglected. But now a new ballpark, a growing appreciation for urban living, and location have increased the desirability of this neighborhood and with that there’s finally a building you can call home. This three story corner building (four if you include the setback) has been developed by the Santa Fe Partners of the Glassworks and 310 Townsend fame. At this particular site there are 35 new homes: one, two and three bedrooms and also 9 rooftop penthouses with pocket views and outdoor terraces ranging in price from $630,000 to $2M. These prices are a reflection of the adjacency to outdoor green space in a downtown area and a smidgen of history in a converted warehouse. For that price, you, the lucky one, are pampered with a hermetically sealed environment of concrete, glass and stone. Most homes have highly cherished patios, pocket views of the Bay Bridge, or charming brick streetscapes. Many of the units also have a unique floor plan where the bedroom faces the Mondrian-esque interior courtyard. This arrangement allows the owners the opportunity to have a rather peaceful night’s sleep in the center of a metropolis. The living areas all face outward and the windows are stunningly arched and multi-paned. Other than that, these condos host all of the usual suspects (bamboo floors, sleek & shiny cabinetry, high ceilings) with a special shout out for the unique light fixtures. Unlike most South Beach buildings this one, thankfully, has no unnecessary amenities and thus the HOA’s are unusually low from $323-$480! This includes deeded parking, an elevator and that’s about all. But really do you need a media room when you can just watch South Park at 2am? Lastly, a nice variety of floor plans and a clean crisp interior have caused the units to sell quickly. If you are interested in visiting this unique property you can contact the Zephyr Soma office at 2nd St and Brannan, around the corner, and we’d be happy to set up a private tour at your convenience.

ONE SOUTH PARK

ONE SOUTH PARK…..Zephyr SOMA SPECIALISTS have the jump on this new construction development…we have the floor plans for all units and estimated prices....sales start soon…..completion is scheduled for late this summer….call 415-905-0250 and ask to speak to a SOMA SPECIALIST today for details.

One South Park is a killer location at the mouth of South Park on 2nd Street, one of the oldest parks in the City. The building was an old tobacco factory so the shell has great bones and a lot of character. The build-out of the development will consist of one, two and three bedroom units, which will include 9 penthouse units. Pricing will start in the low $600,00's. Project completion is scheduled for August 2007.

Since this development is a Zephyr SOMA office neighbor, we are particularly excited about showing our clients who are interested in purchasing a unique and special property in SOMA these units. We have all of the floor plans available NOW and would welcome the opportunity to meet with interested parties in advance of the units going on sale to the general public.This can be a great advantage to a potential buyer in terms of getting in on the ground floor and having a wide choice of floor plans. Since the seller pays the real estate commissions, there is no out of pocket cost to the buyer….so what do you have to lose….call the Zephyr SOMA office and ask to speak to one of the SOMA SPECIALIST agents or shoot us an email and we will get right back to you.

True Grit: 601 4th Street

This top floor 1 Bedroom/2 Bath Live/Work View unit is an authentic San Francisco Historic Loft Conversion. In fact this is the original loft conversion building in San Francisco.  Originally built in 1916, the Heublein Building features 13+ Ft. ceilings; original concrete mushroom columns; industrial sash warehouse windows.  Asking $779,000.  Last Sunday (New Year's Eve) proved a very busy open house. 

Tip: Whenever the market softens, buyers are still attracted to true conversion properties in good locations.  Purchasing a conversion loft is often a great hedge against a changing market.

Full details, click here.