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.
When complete, the building will be home to 74 condos from just over 600 square feet on the small side to as large as 2,859 square feet on the penthouse level.
The development has 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. This is KB's first SF project that we are aware of.
72 Townsend rendering by SB Architects
Developer: KB Home (their first SF development)
Architect: SB Architects
The homes in 72 Townsend rise behind the historic facade in a mid-rise (nine-story) building that is clad in red metal and glass. There will be about 5,000 feet of commercial space in the building as well. 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 has 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.
The first release of homes is on the third floor of the building. There are 12 homes on the 3rd floor that range in size from a one bedroom home at about 619 square feet to a two bedroom/two bathroom home with over 1,200 square feet.
Pricing for this release of homes will be north of $1,200/square foot – roughly $1,250 per square foot for back-of-the-envelope calculations.
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 1 garage parking spot.
Expect luxury finishes. The developer has provided little information about finishes, as we learn more we will share it with you here.
The developer has elected to meet the below-market rate/inclusionary housing requirements by providing seven BMR homes on-site.
The developer is represented by KB Home. This development is KB Home’s first SF development, although they have done many developments in the Bay Area outside of SF.
We do not represent the developer. We offer buyers of new construction independent representation.