SAN FRANCISCO–The San Francisco Shipyard, a Lennar Urban waterfront community in the Bayview neighborhood, recently released homes in the newest buildings, Tides and Thayer. The first two buildings in the community, Olympia and Merchant, recently sold out, with homeowners moving in this spring.
Pricing for the latest phase begins in the low $500,000's for one-bedroom condominiums at Thayer and in the high $700,000's for two-bedroom townhomes at Tides. There are currently 159 homes under construction in this release.
The waterfront neighborhood offers a mix of residences, retail, entertainment, a research and development campus anchored by San Francisco State University, and acres of parks and trails. The San Francisco Shipyard and its sister community, Candlestick Point, are 20-year, multi-billion-dollar redevelopments that encompass a total of 762 acres where there will be more than 12,000 new homes, 3 million square feet of research/development, and more than 300 acres of parks and open space. Because of the waterfront location, almost all homes have views of the Bay and San Francisco skyline.
Within the Tides, there are two-bedroom townhomes priced from the high $700,000's and three-bedrooms from the high $800,000's. Many homes feature private backyards with locally curated landscaping, private decks and attached private garages. The Thayer is a modern take on San Francisco's iconic Edwardian flats, with the one-bedroom condominiums priced from the low $500,000's, one-bedroom plus a den from the mid $600,000's and two-bedrooms from the mid-$700,000's. The San Francisco Shipyard is designed with the feeling of a historic San Francisco neighborhood with amenities such as parks, backyards, private patios and rooftop decks.
Sheryl McKibben, vice president of sales and marketing at Lennar Urban, tells GlobeSt.com:
“Buyers who have been priced out of the San Francisco housing market now have an opportunity to purchase a new home, at a much more attainable price, that offers the same quality and finish-level of new developments in established neighborhoods, with easy access to downtown San Francisco, the Peninsula and East Bay.”
The San Francisco Shipyard will be adjacent to an urban innovation district, an integrated development comprising waterfront commercial space, an emerging business incubator and SFSU's extended campus.
“We are thrilled to bring these new condos and townhomes to market, as San Francisco is clamoring for well-priced, beautifully designed homes,” says McKibben.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
