Posts Tagged ‘rincon’

Blue Bridge, Red Heart – This Guy Really, Really Hearts Somebody – Or Perhaps, Everybody

Friday, April 11th, 2014

He was seen by a lot of people yesterday, while dancing around, that’s for sure:

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Man, the Infinity Towers Would be a LOT MORE BALLER without 1 Rincon Sitting Right Next Door

Thursday, February 13th, 2014

Rincon Hill on the right and Infinity Towers in the muddle, in the middle:

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Presenting the Infinity Towers Fight Song:

I wish I was a little bit taller
I wish I was a baller
I wish I was a little bit taller y’all
I wish I was a baller
I wish I was a baller
I wish I was a baller

I wish, I wish, I wish

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Unnoticed Bay Bridge Art Located on Rincon Tower Retaining Wall Right Next to Actual Bay Bridge

Thursday, May 19th, 2011

Never noticed the art on this retaining wall:

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See how it matches up with the real thing?

Here it is, San Francisco’s busiest and largest traffic sewer:

I assume that retaining wall and the art went in for the recent One Rincon Tower high-rise…

OMG, Those Condos at One Rincon Hill are Now 95% Sold Out Due to 2.0 Tech Boom and “Trans-Generational Asian Buyers”

Wednesday, April 20th, 2011

Hurray!

All the deets, below.

One Tower to rule them all:

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Your view from 1RC – observe Sutro Tower as an equal, high above the clouds:

The abject pwnage is now 95% complete:

Do You Climb Into Space/

To the World Where You Live?

As promised, all the deets:

SURGE IN HIGH-END LUXURY CONDOMINIUM SALES PUSHES ONE RINCON HILL PHASE I TOWARD SELLOUT

Landmark tower is now 95 percent sold, with increased sales of $2+ million penthouse-level homes mimicking micro-market trends
Greater confidence in the economy, 2.0 tech boom, strong executive job growth and demand from trans-generational Asian buyers among reasons 2011 sales outperforming 2010, say experts

SAN FRANCISCO (April 20, 2011) – The high-end luxury condominium market, dormant in 2010, is coming back in a fury in 2011, with penthouse sales at One Rincon Hill leading the way, say local real estate experts.

“Luxury condos in the $2 million or more range are being snapped up in numbers not seen for the past several years,” said Paul Zeger, president of Pacific Marketing Associates, the sales and marketing firm for One Rincon Hill, and condominium experts in the Bay Area for more than 30 years. “San Francisco’s SoMa District is a hot micro-market, where techies want to work — and live.

“With ubiquitous brands Twitter and Zynga expanding their footprint in the City, and new start-ups popping up everywhere, their high-paid executives are flocking to SoMa where the action is,” he added.

One Rincon Hill, the 64-story luxury condominium building atop San Francisco’s Rincon Hill, is at the heart of that activity. Now about 95 percent sold, more than 650 people call the iconic tower home. In the year’s first three months, sales activity has focused near the top: five penthouses have been sold, each at more than $2.1 million, averaging more than $1,300 per square foot. Half of the top floor is now sold out, and only eight penthouses remain available.

“The resurgence in the high-end condo market is clearly demonstrated by penthouse level sales at One Rincon Hill and The Infinity,” said Patrick Barber, president of Pacific Union International, who cites penthouses that languished all last year, yet sold in 2011, including a few in the market for more than $5 million. Barber says renewed luxury demand is influenced by a combination of lower inventory and buyer confidence buoyed by greater job security and success of tech giants with large local footprints: Facebook, LinkedIn, Zynga and Salesforce.com. He also notes a new factor: the impact of The America’s Cup, where visitors, volunteers and the 10 teams, each with a staff of 80 themselves, will boost both rentals and sales near the waterfront.

“The America’s Cup is already a pull for new buyers at One Rincon Hill,” said Ann Dykstra, sales manager at One Rincon Hill. “Views grab a premium anyway; however, several new buyers were motivated by an opportunity for front row seats to the sailing pageantry in the bay.”

Dykstra says of the 376 homes in the tower, less than 25 remain — all above the 46th floor. This includes penthouse level homes with arguably the best views anywhere, and possibly the highest penthouse homes currently available in the world. Due to its location atop historic Rincon Hill, One Rincon Hill is the tallest residential tower on the West Coast (and tallest in North America outside of New York, Chicago and individual towers in Mexico City and Panama City).

Gregg Lynn, of Sotheby’s International Realty and among the Bay Area’s top producing realtors, cites four reasons 2011 is outperforming 2010: greater confidence in the economy, the “2.0” technology boom, strong executive job growth and continued demand from trans-generational Asian buyers.

“With the Dow above 1,200 and marching forward, overall consumer confidence with the economy has pushed buyers off the fence, with tech-execs leading the curve,” said Lynn. “Tech 2.0 is well ensconced in San Francisco, and those buyers are seeing luxury condos, mainly in SoMa. What’s more, many tech buyers are “long-term” confident, buying primary residences in the City, not just second homes.

Moreover, Lynn says executive job growth is the strongest in seven years, attracting substantial buyers from the East Coast and the Far East. The Asian market, primarily China, Taiwan and South Korea, is also bringing an influx of trans-generational buyers, sparked by less government restriction to overseas investment.

“These condos are often bought by Asian parents — who may or may not have current plans to reside in the property — and put in their children’s names,” added Lynn. “In many ways, San Francisco is catching up to a trend prevalent in Vancouver and Los Angeles, providing a surge of sales to our upper luxury condo market.”

One Rincon Hill was the most successful pre-sale in San Francisco’s history, as it was 90 percent reserved just two weeks after the sales center opened in 2006. Residents began moving in Feb. 2008. Available townhomes lining Harrison Street sold out in fall 2010. Currently, about two-dozen homes, all on upper floors, are available for sale and the building is on pace for a sold out and fully occupied tower in fall 2011.

About One Rincon Hill

One Rincon Hill has become one of San Francisco’s most recognizable landmarks and the tallest building on the skyline, in part due to its location atop Rincon Hill, the last buildable hill in the city and the first attraction visitors see as they cross the Bay Bridge into San Francisco. Topped with a glowing weather beacon at its crown, the 64-story Phase I tower with 376 luxury condominium homes was completed in late 2008 and is now almost 95 percent occupied. A 52-story Phase II tower offering 299 homes will complete the development, which will eventually feature a total of 689 private residences, including one-, two-, and three-bedroom homes and penthouses, each with views of the City and Bay from panoramic floor-to-ceiling windows and extra-large balconies, as well as 14 townhomes, a swimming pool, reflecting pool, sundeck, fitness center and an elegant parking facility with valet parking. The One Rincon Hill Sales Center is located at 489 Harrison St. #306, with on-site parking available. Open weekdays, 11 a.m.-5 p.m.; Sat. and Sun., noon to 5 p.m. For more information, call (415) 744-8886 or visit online at www.onerinconhill.com or www.facebook.com/onerinconhill

Quentin Kopp’s Beale Street Alternative for High Speed Rail Attacked by SoMA Residents

Wednesday, December 23rd, 2009

Via Jamie Whitaker’s Rincon Hill blog comes news of a fight against consideration of the so-called “Beale Street Alternative“ for the San Francsico terminus of California’s nascent High Speed Rail line.

I don’t have a dog in this hunt, but you, well take a gander if you’d like:

Save High Speed Rail in San Francisco

Targeting: Supervisor Chris Daly (District 6, City and County of San Francisco Board of Supervisor), Medhi Morshed (Executive Director, CA High Speed Rail Authority) and Curt Pringle (Chair of the Board, CA High Speed Rail Authority)

Started by: April Veneracion

Demand the California High Speed Rail Authority stop its consideration of the infeasible Beale Street Alternative that is…

· Risking over $400 million in federal funding to the Transbay Transit Center

· Harming property values in the South Beach neighborhood of San Francisco

· Wasting millions of Prop 1A dollars on study of infeasible alternatives that should be spent on construction”

So that’s the issue. All the deets, below.

Quentin Kopp with youthful HSR supporters at San Francisco City Hall during happier times last year:

The whole magilla:

“As a strong supporter of building High Speed Rail throughout the state and into San Francisco’s downtown Transbay Transit Center, I am appalled at your consideration of the Beale Street Alternative. This study is not only wasteful, it risks over $400 million in federal funding for the Transbay Transit Center and is harming property values in the South Beach neighborhood of San Francisco.

Your study of the Beale Street Alternative was proposed to you by a lobbying and law firm on behalf of an unidentified special interest. This location has already been rejected as a technically and economically infeasible terminus for High Speed Rail in San Francisco. San Franciscans overwhelmingly voted for Proposition 1A to bring high speed rail to our Transit Center. Your study of the Beale Street Alternative, widely thought to be pushed by Board Member Quentin Kopp, is a wasteful expenditure of limited Proposition 1A money that should be applied to construction of the project.

With the passage of Proposition 1A, we believe that your study of the Beale Street Alternative is illegal. The voter approved mandate codifies in State law that the northern terminus for high speed rail will be the Transbay Transit Center.

The Transbay Transit Center is a federally approved project currently in construction in downtown San Francisco that has received the support of the San Francisco electorate on multiple occasions. Over $2 billion in funds have already been secured, independent of Proposition 1A. This Center is designed to accommodate high speed rail to downtown San Francisco.

The existence of this project is reason enough to drop your study of the Beale Street Alternative. Additionally, the Beale Street Alternative would likely result in the taking of more than 1,800 current and future residential units in the South of Market area. Your study alone has made many of our homes unmarketable by the required disclosure of your irresponsible study into any potential home sale. In contrast, the approved downtown extension to Transbay will take only 2 dozen residences. Given San Francisco’s housing crisis, this is a far more reasonable approach.

Meanwhile, the Transbay Joint Powers Authority has applied for $400 million in ARRA funds to build the rail box in the Transit Center. While this application has the support of the San Francisco County Transportation Authority, the San Francisco Board of Supervisors, Mayor Gavin Newsom, the Metropolitan Transportation Commission, Speaker Nancy Pelosi, Senator Dianne Feinstein, and Governor Arnold Schwarzenegger, we understand that the Federal Rail Authority has expressed concern about your Beale Street Alternative. We are worried that the Beale Street Alternative is not about adequately addressing environmental issues, it’s about political brinkmanship.

It’s time to put high speed rail to San Francisco back on track.

As a supporter of high speed rail and Proposition 1A, I demand you halt your irresponsible study of the infeasible Beale Street Alternatives. I also ask that you hold a formal meeting of the California High Speed Rail Authority in San Francisco, to hold yourselves accountable to the people whose properties and projects you are jeopardizing.”

To Be Continued…

Is There Any Doubt as to Which Residential High-Rise is San Francisco’s Tallest?

Thursday, November 12th, 2009

I’m not sure who would think that One Rincon Hill isn’t the tallest residential high-rise in San Francisco, but apparently, that’s what some people are thinking, per Curbed SF.

Here’s how 1RH stacks up against The Infinity Towers (home of ridiculous “Secret Millionaire” Gurbaksh “G” Chahal).

And the Millennium? I’m not even sure where it is, frankly – that’s how stubby it is.

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Cameras don’t lie, of course.

The Shameful, Illegal Signs of One Rincon Hill and SOMA Grand?

Friday, February 6th, 2009

Now it’s one thing to be a motivated seller of homes or real estate or whatever, but it’s entirely different to go so far as to break the Rules of Signage in the City and County of San Francisco. Is that what happened here? Per a commenter:

“Totally illegal. We have a Sign Code for a reason. These condo sales jerks hire a company from Marin to drive into the city in the middle of the night putting up these signs, and then they don’t take them down.”

Say it aint so, One Rincon Hill and SOMA Grand!

One Rincon Hill and the SOMA Grand REALLY REALLY REALLY Want You to Drop By.

Thursday, February 5th, 2009

These days, signs like this are all over the place, like an outdoor Burma Shave museum. But whether the ads are for the controversial SOMA Grand or the tall, tall, One Rincon Hill, they all say the same thing:

“VISIT TODAY”

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So why not drop by? What do you have to lose?

San Francisco’s One Rincon Hill vs. New Sheriff’s Facility – Which is Better?

Wednesday, June 18th, 2008

In the left corner we have One Rincon Hill, South Tower, standing 641 feet tall. Compare that with the “New Sheriff’s Facility” jail (the “glamour slammer“) on the right.

Which building is better?

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I–my idea, when we started out was to have a, you know, rising up, in the form of an undulating, ovulating ground that you don’t get so much nowadays.”