8 Octavia Tops Out at Corner of Market Street in Hayes Valley


San Francisco’s newest high-profile condominium building reached its maximum height this week. 8 Octavia, by award-winning architect Stanley Saitowitz,topped out its eight and final floor at the gateway location of Market and Octavia streets. The uber-luxury building will feature a mix of 47 one-and two-bedroom condos over ground-floor retail. The Saitowitz-signature glass panels have begun to be installed along the lower levels of the Market Street side while the rest of the building is still getting mechanicals outfitted. Expect a sales office this summer and occupancy late this year.

Source: Curbed

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Value of New Condos Up 14 Percent From Last Year


The value of newly constructed condos in San Francisco was $1,011 per square foot in November, up 14 percent from last year. The Mark Company Condominium Pricing Index for November shows new condo construction selling for an average $1,011 per square foot, which is unchanged from October. The big developments (20+ units) that solidified that figure were 300 Ivy in Hayes Valley, Linea on Market Street, and Marlow and Park Lane, both in Nob Hill. 300 Ivy’s 63 units are all in contract, with the approximate price per square at $1,050. The highest price per square goes to Park Lane at 1100 Sacramento Street in Nob Hill, which has 33 units and is averaging $1,300 per square.

New construction inventory was 80 percent lower than a year ago, and down 31 percent from the previous month, with 125 units currently available.
· The Mark Company Trend Sheet (PDF) [Mark Company]


Source: curbed

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