Watermark Update!

The latest is there are approx 50% of 136 condos sold. They are currently sold out of some one bedroom and three bedroom floor plans but here is the latest pricing:

One Bedrooms

• 759 sf -> $675-$815k

Two Bedrooms

• 1019 sf-1259 sf -> $900-$1.6M

Three Bedrooms

• 1362-2055 sf -> $1.65-3.3M

The prices vary wildly because of view and floor you want to be on.

Go to www.sfwatermark.com

Contact Mark for more information.

Watermark Lofts Available

To be honest, I didn’t know The Watermark offers loft living condos in their swank new building on the Embarcadero in South Beach.

But here we are directly from the sales office…

4P – An approximately 655 square foot one bedroom, one bath home.
4Q – An approximately 843 square foot one bedroom, one-and-a-half bath home.
1R – An approximately 831 square foot one bedroom, one bath home.

Loft homes at Watermark offer floor-to-ceiling glass windows, premium fixtures by Cifial, Duravit and Kohler and a range of amenities that include a state-of-the-art fitness center complete with Pilates equipment, a heated pool and spa with spectacular bay and bridge views and concierge service.

Loft homes are priced from $575,000.

ON THE WATERFRONTA high-rise luxury condo in South Beach draws eager, affluent buyers

from the San Francisco Chronicle

The numbers say a lot. When an e-mail letting potential home buyers know a deluxe high-rise was being built in San Francisco’s South Beach neighborhood 5,000 responses streamed in over the course of a weekend.

Now, as the 136-unit Watermark nears completion, interest remains feverish. Of the first 36 units released for sale, only a handful are left after just five weeks on the market.

Sales agents say the well-heeled buyers are empty nesters and upscale downsizers moving back into the city. Some are parents buying a unit as an investment and a place for their kids to live while in college. Whatever happened to dorm rooms?

Located at the intersection of Beale and Bryant streets in South Beach, this 22-story opalescent glass structure is striking in both its appearance and its location.

Overlooking waterfront property set aside for the James R. Herman International Cruise Terminal and the Bryant Street Pier, it boasts a reach-out-and-touch-it view of the Bay Bridge and is a jaunty stroll from the Ferry Building and SBC Park.

The Waterfront condos are part of a $400 million mixed-use project featuring the 100,00 square-foot cruise terminal on Piers 30-32, which will include two berths for ships ranging from 850 to 1,000 feet in length.

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The Watermark

Chronicle photo by Eric Luse
A 22-story residence promises to redefine high-rise luxury living. 136 units in this ultra-modern building designed by architects MRY, Kwan Hemni, and Fisher Friedman includes a spa, a heated lap pool and a 10,000 sqaure foot outdoor deck. 500 feet from the Bay, the views promise to be spectacular from the city and bridge to the Bay. Granite countertops and Bosch appliances, one-bedrooms start from the high $600’s.

Bryant Street Pier Project

Port of San Francisco Announces Close of Escrow and the Start of Construction on the Initial Phase of the Bryant Street Pier and International Cruise Terminal Project at Piers 30-32

The Port of San Francisco announced that escrow has closed on the first phase of the International Cruise and Bryant Street Pier Project and construction has begun. This $400 million mixed-use project features a state-of-the-art cruise terminal facility on Piers 30-32. The Bryant Street Pier Project is being constructed in three phases and involves a condominium tower on a portion of the block adjacent to Piers 30-32 (corner of Bryant and Beale Streets), an international cruise terminal, office and retail commercial development on Piers 30-32, and a new waterfront park known as the Brannan Street Wharf Park on the site of the former Pier 34 and Pier 36. The first phase of the project consists of luxury residential condominiums on a half-acre lot transferred from the Port to the developer, San Francisco Cruise Terminal LLC (SFCT). Immediately after the escrow closed on March 2nd, the developer began construction of a 136-unit condominium tower, which will be known as the Watermark. Sixteen of these units will be earmarked as below-market rate units and construction is expected to be completed by the end of 2005. Proceeds from the sale of the land as well as the individual condo units will be applied toward the cost of developing the James R. Herman International Cruise Terminal and mixed-use development at Piers 30-32 and the Brannan Street Wharf Park, directly south of Piers 30-32. The second phase will be construction of the Brannan Street Wharf Park. Nine million dollars from the land sale of the half-acre residential lot will be applied to the $15 million park construction cost. Construction is expected in late 2005 or early 2006.
The third phase of the Bryant Street Pier Project involves construction of the James R. Herman International Cruise Terminal and Mixed-Use Project on Piers 30-32. The international cruise terminal is scheduled to start construction upon completion of the Phase I, after initiation of condominium sales. The cruise terminal, neighborhood retail and office space construction is expected to start in 2006.

“In anticipation of these significant and dramatic changes to our waterfront, the Port will continue to aggressively market San Francisco as a cruise destination,� said Doug Wong, Port Executive Director. “We have been successfully increasing the number of cruise ship calls, and we are on pace to set a record for the number of cruise ships calls in 2004. Development of a new state-of-the-art cruise terminal will only add to our success and generate significant revenues and jobs for the City,� he said.

The San Francisco Port Commission selected the San Francisco Cruise Terminal, LLC in January 2000 to develop Piers 30-32 into an international cruise terminal and mixed-use project, otherwise named the Bryant Street Piers Project.

The 100,000 square foot terminal includes two berths for ships of nearly 850 feet and 1,000 feet in length. Such large berths can accommodate an expected increase in the number of cruise ships visiting San Francisco. The project also will accommodate office space as well destination-oriented and neighborhood-serving retail.

The project also includes a 22-story condominium complex at the corner of Bryant and Beale Streets across the Embarcadero from Piers 30-32; approximately 370,000 gross square feet of office space; 220,000 gross square feet of retail space; and 300,000 gross square feet of public open space that includes public plazas, waterfront walkways, and terraces.

The Port has established an environmental advisory committee, Cruise Terminal Environmental Advisory Committee (CTEAC), to address air and water quality issues related to the cruise terminal project. CTEAC is comprised of representatives from the maritime industry, regulatory agencies, organized labor, community groups, and environmental organizations.