The Lennar development slated for Hunters Point now has the name The San Francisco Shipyard, and some pricing scales recently hit the Curbed inbox. Based on current market rates, prices are set to begin in the low $500,000s for one bedrooms, and the high $500,000s for two bedroom homes. If all goes according to plan, the first 247 market rate and affordable units will be ready for move-ins by this fall with an additional 3,000 units coming in the next five years. Now that the project got its recent approvals and the 49ers have officially vacated, things are moving along quickly.
Picture & source: The San Francisco Shipyard [official site]
The ten year, multi-billion dollar development known as The San Francisco Shipyard is moving along at a blistering pace, with home pricing released this week (Based on current market rates, prices are set to begin in the low $500,000s for one bedrooms, and the high $500,000s for two bedroom homes) after final approvals. Next door, the former 49ers stadium will be demo’d to make room for Candlestick Point with 780,000 sq.ft. of retail, 150,000 sq.ft. of office space, 2-3k seat venue, community facilities, 6,000 homes, and 100+ acres of open space parks. That’s a lot of irons in the fire, but with all that new housing it aims to create an entirely new neighborhood.
Source: · The San Francisco Shipyard [official site]