Last week 72 Townsend – the newest housing project to go up in the burgeoning area near San Francisco’s AT&T Park – topped off. The team celebrated the event with a lunch laid out on what will soon be the expansive deck belonging to one of the two penthouse suites, with sweeping views of the Bay Bridge to the east and the ballpark to the west. (Sunsets here promise to be fabulous.)
This milestone was a long time coming. After six years of waiting, the project kicked off construction in February of 2014 – 74 for-sale residential units above a single-story historic structure that was once a granary and now forms an integral part of the district’s street-front fabric. First built in 1904 as a grain warehouse, it will now house street-front retail. The residences above are set back significantly in order to maintain the single-story presence along the street.
The market for housing in San Francisco’s downtown SOMA area is fierce . The Association of Bay Area Governments projects that San Francisco’s 2010 population of 805,263 will increase by 35 percent by 2040 and will hit 1 million residents by the year 2032. The high demand was evident in the days leading up to the launch of sales at 72 Townsend. KB Home reported getting over a thousand inquiries for the mix of studios, one and two-bedroom units.
Construction is expected to be complete by the end of this year. For inquiries please visit the 72 Townsend – KB Home website.