Rendering from SF Planning Packet
Photos of Site Construction:
400 Grove: Will they be sold or rented by the developer?
The 29 market-rate condos and four BMRs at 400 Grove will be sold by the developer.
Overview of 400 Grove:
At the corner of Grove & Gough in Hayes Valley, 400 Grove served as a parking lot from 1992, when the Central Freeway was torn down after it was damaged by the Loma Prieta Earthquake in 1989. Designed by Fougeron Architecture, the new building will contain 33 homes — 29 market rate and four below-market rate.
400 Grove Construction Schedule:
Nearing completion with move-ins estimated for late Summer 2015.
Pricing for 400 Grove:
Approximately $1,300/sq.ft. and north. Junior one-bedroom homes with no parking start in the mid-$500k range, one-bedroom homes with no parking start in the upper $700k range, and two-bedrooms with parking are starting around $1.4 million. As of mid-May, the building was approximately 75% sold.
400 Grove Parking:
Thirteen two-bedroom homes will have parking. There are also bicycle parking stalls available for purchase.
Amenities and Finishes for 400 Grove:
400 Grove will be a C-shaped building surrounding a common courtyard containing what the architect describes as “monolithic stone seating” and a bamboo grove. Building materials include traditional wood, modern glass, stucco and poured-in-place concrete. A commercial space, perhaps a restaurant, will be on the ground floor at the corner of Grove & Gough Streets.
The finishes are very similar to 8 Octavia but in a warmer color palette.
Below Market Rate (Inclusionary Housing) Homes:
Of the 33 condos in the building, one studio, one one-bedroom unit and two two-bedroom units will be BMRs available to people earning up to 90% of the Bay Area median income. Get the info at the Mayor’s office of housing. Applications for the BMR lottery are due June 8, 2015, and the lottery will be held June 17, 2015.
We do not represent the developer of 400 Grove. The developer has selected The Mark Company as the exclusive seller’s representative at 400 Grove. We offer buyers independent representation in new construction buildings across the city.
Last Update: May 21, 2015