[72 Townsend] Hot New Construction @South Beach!
Happy Easter everyone!
I had a chance to do the hard-hat tour on one of the most anticipated new constructions in SF, 72 Townsend, yesterday with my SF Modern colleagues, so wanted to share some info about it. It's located in a great block of South Beach, walking distance to shops, restaurants, embarcadero, ballpark, hwy 280 etc. And most of the units come with either a huge terrace or a balcony which is highly sought-after in this sunny part of town.
However, this fancy condo comes with the hefty price of min. $1200+/sqft which is indeed somewhat common in this neighborhood, but still more expensive than many of the existing constructions. For example, the average $/sqft of The Brannan(229-239 Brannon St) is $1,230, 200 Brannan St is $1,002, 88 King which is right in front of 72 Townsend is $1,177, and the Beacon(250-260 King St) is about $840! (*The average $/sqft is calculated based on the units sold since Jan 2014)
Video on Sales...