One Steuart Lane Continues Impressive Sales Success & Commands Among the Highest Price-Per-Square-Foot in the City
SAN FRANCISCO (PRWEB) February 17, 2021
As the final opportunity for new residential development on San Francisco's waterfront, One Steuart Lane has continued its impressive sales success in recent months, consistently commanding among the highest price-per-square-foot in the city with certain residences surpassing $4,000 per square foot and nearly selling out of its most popular waterfront product types, including the rare terrace residences.
Ahead of its summer 2021 opening, the building is seeing a majority of recent buyers coming locally from San Francisco and the greater Bay Area consisting of those looking to "right size" in order to accommodate work-from-home setups where they need a larger home; empty nesters who want the freedom to lock-and-leave without the upkeep of a high-maintenance residence; and those looking for a pied-à-terre, allowing a presence in the city for occasional work and future social events.
"Sales are going well and we are happy to see consistent demand for the city's best Bay view and terrace homes as well as strong interest for our large, one- and two-bedroom homes," said Christopher Brandt, senior vice president of asset management at Paramount Group, Inc. "We are confident about 2021 and anticipate demand for unique, residential communities like One Steuart Lane to grow as people return to the trend of living in great American cities. The opportunity to live in this one-of-a-kind waterfront location on the Bay, surrounded by the culture and beauty that defines the city, attracts homebuyers in any market. We see the opportunity to own at One Steuart Lane as a once-in-a-generation opportunity to live at an iconic San Francisco property."
As the most premier ultra-luxury waterfront condominium building on the West Coast, One Steuart Lane is on-track to complete construction this summer. Rising 20 stories above the San Francisco Bay, with breathtaking panoramic vistas of the landmark Bay Bridge and its transfixing Bay Lights art installation, along with nearby Treasure Island and Ferry Building extending to the east to Alcatraz, owners at One Steuart Lane are at one with the water and the outdoors, set at the epicenter of San Francisco's art and culture scene.
Priced from $1.6 million to over $10 million, each of the 120 residences evokes a sense of incomparable sophistication, boasting floor-to-ceiling glass and over nine foot ceiling heights, optimizing the colors that radiate off the water's edge. Residences range from one- to three-bedrooms, spanning in size from approximately 900 to 3,000 square feet, as well as remarkably rare penthouses measuring up to 6,200 square feet. Blurring the delineation between indoor and outdoor living, select residences come complete with terraces including intricately landscaped living wall dividers.
A never-before-seen residential offering for the city of San Francisco, the building's exclusive collection of waterfront terrace residences offers captivating sliding glass panels expanding the living room, creating enchanting airy living spaces that lead to awe-inspiring balconies and expansive 40-foot wraparound terraces. Only a handful of direct waterfront terrace residences remain available for purchase.
Featuring influential architecture by renowned firm Skidmore, Owings & Merrill (SOM) and timeless public space interiors by Rottet Studio showcasing iconic European brands like Molteni Group and LIAIGRE, One Steuart Lane exhibits a global level of sophistication. Meticulously designed to maximize Bay views, the building draws inspiration from its natural surroundings using high-quality materials, captivating color palettes, and intentional sustainable design.
Future residents will enjoy an expansive collection of amenities including a staffed lobby with 24-hour concierge and valet services and contemporary shared spaces adorned with LIAIGRE pieces. A flexible indoor/outdoor second-floor residents' lounge will include a gourmet kitchen and dining room complete with a lush Terrace Garden and outdoor barbeques overlooking Cupid's Span and the Bay. Owners will also enjoy a state-of-the-art indoor/outdoor Wellness Center which includes a gym, outdoor hot spa, Effegibi sauna and steam room, and state-of-the-art vertical shower system with massage jets and optional aromatherapy. At the ground level, a beautifully designed lobby experience and private enclosed valet drop-off will be offered alongside an approximately 4,500-square-foot retail space.
Unique to any residential building in San Francisco, One Steuart Lane's exterior façade is made up of luminous solid Italian travertine stone and ultra-clear glass. Cantilevered cubes outline the building, intentionally stacked to preserve resident views and create a balance of lines, delivering unique layouts and terraces to residents. With its use of low-carbon materials and minimally reflective glass allowing for abundant sunlight and reduced energy consumption, the building is planning to become one of San Francisco's only ultra-luxury residential buildings to hold a prestigious LEED® Gold certification.
One Steuart Lane's 4,000-square-foot Sales Gallery (One Market Plaza, 75 Spear Street in San Francisco) is now open and accepting private showings by appointment only. Interested buyers can browse captivating interactive visuals and an immersive, true-to-life model residence.
To learn more about One Steuart Lane or to schedule an appointment, visit OneSteuartLane.com or call 415-904-2540.
About One Steuart Lane
Set directly along San Francisco's prized Embarcadero, One Steuart Lane is the final opportunity for new residential development on the city's most sought-after waterfront avenue. The 20-story building is refreshingly intimate and features 120 exquisite condominiums, many of which boast unobstructed Bay and bridge views and private outdoor living spaces with wraparound terraces. Meticulously designed, One Steuart Lane strikes an effortless balance between a deeply modern sensibility and a timeless San Francisco presence. The iconic development features architecture and residential interiors by the renowned firm of Skidmore, Owings & Merrill (SOM) and amenity interiors by Rottet Studio – a fitting pedigree for the city's last opportunity for exceptional waterfront living. Residents will be afforded incomparable open and endless vistas, from Cupid's Span and the Ferry Building's clocktower to the Bay Bridge and the Island of Yerba Buena and beyond. There is nothing like One Steuart Lane in San Francisco, and perhaps the world. Completion is expected in Summer 2021. For more, visit OneSteuartLane.com.
Paramount Group, Inc.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. For One Steuart Lane, Paramount Group is supported by Project Management Advisors Inc. (PMA), a national real estate advisory firm providing consulting services.
SRE Group Ltd
Founded in 1993, SRE Group Ltd. was listed on The Stock Exchange of Hong Kong Ltd. (Stock code: 01207.HK) in 1999 and became a member enterprise of CMIG Jiaye under the China Minsheng Investment Group in 2015. After more than 20 years of development and growth, SRE Group Ltd. has successfully made footprints with a number of high-end residential and mixed-use projects in more than 20 major cities including London, San Francisco, Sydney, Hong Kong, Beijing and Shanghai. In accordance with the concept of "Finance + Industry + Real Estate" integration, and to accelerate the enterprise transformation progress, SRE Group Ltd. implements a dual driven strategy of real estate investment and development to gradually build three core businesses: financial city complex development, characteristic town development, as well as asset mergers and acquisitions.
Skidmore, Owings & Merrill LLP (SOM) is one of the leading architecture, interior design, engineering, and urban planning firms in the world. Since its founding more than 80 years ago, SOM has earned a reputation for design excellence with a portfolio that includes some of the most important architectural accomplishments of the 20th and 21st centuries and has been a leader in the research and development of specialized technologies, new processes and innovative ideas, many of which have had a palpable and lasting impact on the design profession and the physical environment.
About Polaris Pacific
Polaris Pacific is the leading real estate sales and marketing group for today's new residential communities. Drawing on a 30-year legacy of success in the Western United States, Polaris Pacific specializes in new development, leveraging the latest tools and technology to create a clear path forward. Long-term client relationships with industry leaders provide the company's platform for innovation, establishing Polaris Pacific as the irrefutable expert in major urban markets. For more information, please visit PolarisPacific.com.
For the original version on PRWeb visit: https://www.prweb.com/releases/demand_for_san_franciscos_most_rare_ultra_luxe_real_estate_opportunities_remains_strong/prweb17732043.htm
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.