72 Townsend St. @ Colin P. Kelley
72 Townsend is a nine-story mid-rise building that rises behind a historic facade. The site was originally home to Hooper’s South End Grain Warehouse, built in 1874. Time marches on, and the site is now home to 74 condos that range in size from just over 600 square feet on the small side to as large as 2,859 square feet on the penthouse level.
Quick Facts About 72 Townsend
- Enclosed, 1 car
- One, two and three bedroom homes
- Allowed subject to CC&Rs
- Attended lobby, hospitality lounge for residents
- KB Homes
- SB Architects
72 Townsend rendering by SB Architects
72 Townsend MLS listed Homes for Sale
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Overview of 72 Townsend
The homes of 72 Townsend rise behind a historic facade in a mid-rise (nine-story) building clad in red metal and glass. The site was originally home to Hooper’s South End Grain Warehouse, which was built in 1874. The development retains the historic facade as a decorative element with the homes being in a completely new “building” that is set back and rises from behind the original building facade.
The building is home to 74 condos, with most having a floor plan on one level, but the development will also contain one townhouse-style condo. Home sizes range from one- to three-bedrooms, with most homes having one or two bedrooms. Homes range from just over 600 square feet on the small side to as large as 2,859 square feet on the penthouse level.
The development, before construction, exchanged hands several times in the past few years. It was originally in the hands of the developer that built Symphony Towers on Van Ness, but after they declared bankruptcy it was purchased by Simeon and then subsequently sold to KB Home.
The South Beach neighborhood is home to the SF Giants ballpark and is convenient to numerous transit options including the Caltrain at 4th and King. There are numerous restaurants in the neighborhood, and the Embarcadero is just a short walk away. South Beach is home to a mix of luxury condo buildings such as The Brannan and The Infinity as well as conversion loft buildings like the Oriental Warehouse. Just down the block from 72 Townsend is 88 Townsend, another recently built condo building behind a historic facade.
72 Townsend Parking
As mentioned above, this project has been through several developers and was entitled long enough ago that it was able to secure 1:1 parking, meaning every home will come with one garage parking spot.
Below Market Rate (Inclusionary Housing) Homes
The developer has elected to meet the below-market rate/inclusionary housing requirements by providing seven BMR homes on-site.
As of January 2018, most of the initial sales have been completed, and owners are living in the building. PH #903 is still on the market and listed at $2,650,000. #808 is a two bedroom two bath home with parking, and it listed at $1,395,000. They also have very large ground floor shell of a three bedroom three bath townhome condo (#100) with street access for sale for $1,650,00. It is approx 3126 sqft of living spaces and the buyer will have the ability to build out and the finishing touches on the home.
Chris Limb, Climb Real estate