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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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- ◦Development
