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One Steuart Lane is on Track for Summer Completion

One Steuart Lane is being marketed as the final opportunity for new residential development on San Francisco’s waterfront. And, one of its recent sales is among the highest price-per-square-foot in the city with some residences surpassing $4,000 per foot.

Ahead of its summer 2021 opening, the building has a majority of recent buyers coming from San Francisco and the Greater Bay Area. Those buyers are looking to right size in order to accommodate work-from-home setups, empty nesters who want the freedom to lock-and-leave without the upkeep of a high-maintenance residence and others set for a city pied-à-terre accommodating occasional work and social events.

“Sales are going well and we are happy to see consistent demand,” said Christopher Brandt, SVP of asset management at Paramount Group Inc. “We are confident about 2021 and anticipate demand for unique, residential communities like One Steuart Lane to grow as people return to the trend of living in great American cities.”

Prices range from $1.6 million to more than $10 million.

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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