One of our priorities at New Home Negotiators is to have the best and most complete knowledge possible about the Bay Area’s real estate opportunities and new construction projects. That’s why we keep in touch with developers like KB Home, who announced last year that they acquired land in downtown San Francisco and plan to build a 74-unit building that will offer luxury condominiums, penthouses, a townhome and retail space.
Last year we posted an article about why the housing market is so bad in San Francisco right now, and it hasn’t gotten any better. That’s why this new development is so important.
“We’re moving towards developing more high-density condominium and town home style communities across the Bay area,” reported Craig LeMessurier, Director of Corporate Communications at KB Home. “The company has been doing that successfully in the South Bay for the past 15 years.”
The development, called (and located at) 72 Townsend, is conveniently located in the sought-after South Beach/SOMA neighborhood, near some of the best that San Francisco has to offer—not just in terms of shops, entertainment and attractions, but also for some of the top companies in the city. See if you recognize a few of these companies located within a five-mile radius of 72 Townsend: Google, Dropbox, Bayer, The Gap, Zynga and Genentech. It’s also just two blocks from AT&T Park, the waterfront and many of the other favorite spots for San Francisco dwellers, like the Ferry Building and the farmer’s market. These are the kind of new residential development that the city is desperate for.
“72 Townsend will be a flagship among our new home communities in the Bay Area,” LeMessurier explained. “It represents a natural progression of our strategic urban infill and vertical building focus.”
But what’s in the building that will make 72 Townsend so special? Besides the fact that it will have all of the smart, eco-friendly features of every KB Home residence, including Energy Star qualification and WaterSense®-certified fixtures, KB Home allows the buyer select customizations for the condominium, including the floor plan.
Parking is at a premium in San Francisco, like all major cities, and KB Home has factored that in. Every condo will come with a space in the two-story underground, secured parking lot. The residences themselves will be one or two stories, and range between 810 and 2,859 square feet with up to three bedrooms and two-and-a-half baths. The residential levels are terraced, allowing for large outdoor living spaces for each unit.
“The opportunity to build your very own customized home in one of the city’s most desirable and established districts is essentially unheard of in this area,” explained LeMessurier. “It’s a development we are very excited to make available to San Franciscans who would otherwise be very limited in a new home purchase.”
For more information on 72 Townsend, visit the Sales Centre at 200 Brannan Street, Suite 100 in San Francisco or call (415) 442-0203. It’s open seven days a week from 10 a.m. to 6 p.m. You can also visit their website www.KBHome.com. Are you interested in finding a new construction home in the San Francisco Bay Area? Search our website for a home in the best community for you, or call us on 800-529-4767 to schedule a customized tour of new homes.