Treasure Island
29 Jul

New Treasure Island Development

By Michaela To In New Development, San Francisco /   No Comments

After almost two decades of laborious planning, back and forth negotiations, and long legal battles, the beginnings of the newest SF neighborhood is finally taking place in the middle of the bay. All 405 square feet of man-made Treasure Island and adjoining Yerba Buena Island are in the works of redeveloping an additional 8,000 new homes, 500 hotel rooms, 300 acres of parks and open space, 140,000 square feet of retail and 100,000 of office space to be built over the next 20 years at a cost close to $5 billion.

Treasure Island
The development has already started this spring, and the first housing projects will start construction next year with new residents moving in within 2-3 years. Phase 1 of the project includes up to 2,100 housing units. At a time when job and population growth continue to keep pushing rents and home prices higher, these thousands of homes should bring some relief to residents. Plus, it’s a chance to build an entirely new community and neighborhood from the ground up.

 

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22 Jun

One Rincon Hill Vs. The Harrison

By Brian Tran In New Development /   2 Comments

Which is better? What are the differences? Our buyers ask us these questions very often. I want to start by saying that both buildings are really beautiful and they boast the best Bay Bridge views in the city! So what sets them apart from each other?

Well let’s go back and look at the history of the two tower. One Rincon Hill was built first back in 2008 followed by The Harrison in 2014. So if you’re debating between the two and the tie breaker is which building is younger, The Harrison might be the building for you.

In addition, The Harrison is being given a facelift by celebrated interior designed Ken Fulk. Our team here at Bay City Group attended the launch party and we applaud the beautiful design!

landscape-1456799490-the-harrison-full-lobby-final-with-staff

Designs are great but let’s get down to the numbers shall we? It’s important to note that One Rincon Hill has access to all Amenities of The Harrison. Let’s first compare the Home Owner’s Association dues (HOA).

  • One Rincon Hill: The average HOA for a 1 Bedroom are about ~$800-900/month and $895-900/month for 2 Bedrooms.
  • The Harrison: The average HOA for a 1 bedroom are about ~$1,100/month and ~$1,250/month for 2bedrooms.
  • It’s a newer building and new buildings demand higher HOA.

Next let’s talk about those legendary Bay Bridge views!

  • There are a number of  1 Bedroom units at One Rincon Hill that have unobstructed bay bridge views (key word UNOBSTRUCTED). The Harrison on the other hand has no unobstructed Bay Bridge Views for 1 bedrooms. So if you’re in the market for a 1 bedroom with a straight shot view of the Bay Bridge, you should highly consider One Rincon Hill.

So what’s the verdict? My award goes to One Rincon Hill!

It may be 6 years older than the Harrison, but this building has not aged a bit. The building is very well maintained and with the amenities being shared it really doesn’t matter which one is newer. The biggest factor that swayed me towards One Rincon Hill will have to be the prices! There’s no argument that the units at The Harrison are priced a bit more aggressive than One Rincon Hill. Ultimately, I think One Rincon Hill is a better bang for your buck when you compare the two building.

Let me know what you think in the comment box below.

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