This project is composed of 4 different buildings......Tides, Thayer, Alma and Engel together comprising of a project that was 150 years in the making from a dock and Naval base to this current version that features not only residences but an entire community. This is a long-term project located on and around the area where Candlestick Park and the Hunter’s Point Naval Yard used to be. As the project progresses, site build-out will continue. Home sizes range from one to three bedrooms, offered in traditional condo-style flats or townhouse style homes.
If no homes are listed, then no homes are currently available for sale at The Shipyard through the MLS.
We have access to a variety of non-public professional listing networks and may know of upcoming or off-MLS opportunities in The Shipyard. Please share your information with the learn more request button if you’d like to see one of the currently available homes or be notified of homes that become available through off-MLS opportunities.
Update January 2018- There are new homes available currently in four condo buildings at the Shipyard Development. 555 Ines Ave, 550 Innes Ave, 51 Innes Ct., and 50 Jerrold have condos for sales. All of the buildings have a similar style, look and feel. But layouts, furnishings and color schemes do vary. One Bedroom start in the upper $700K range. They currently have one two bedrooms two bath condo left in the mid $700K range. The price for the other remaining two bedroom homes is in the mid $850K range. Three bedroom homes start in the high $800K range.
Update December 2016 – Tides is currently Sold Out, Thayer does have one two-bedroom remaining at just over $800,000. Alma is also close to Sold Out, but there are some opportunities remaining in Engel.
Update: May 2015 — Sales of the second release at The Shipyard are underway. The next two buildings under construction and selling now are called Thayer and Tides. Thayer comprises four buildings containing one- and two-bedroom condos. Prices start in the mid-$500,000s for one-bedroom homes, around $650,000 for one-bedroom + den condos, and mid-$700,000s for two-bedroom homes. Tides are made up of two buildings containing two- and three-bedroom townhomes with prices starting at about $920,000.
Update: February 1, 2015 — According to developer’s representatives, all homes in both the Merchant and the Olympia are under contract. Congratulations!
If the grounds of The Shipyard could talk, they’d tell you the 150-year history of the site of Lennar’s newest development in San Francisco: over 700 acres of waterfront land that have been used as a drydock, a Navy base, a shrimp fishery, and now, a burgeoning community that will eventually contain more than 10,000 homes (at least 3,000 of which will be affordable), hundreds of acres of parkland, and (we hope) a vibrant new neighborhood for the residents.
Who’s developing it?
Lennar Urban is the master developer of The Shipyard, which contains over 700 acres total between the Shipyard and its companion development at Candlestick Point. There will be a pedestrian bridge built between the two new neighborhoods (The Shipyard and Candlestick Point). The combined neighborhoods will offer about 300 acres of green space when completed.
What’s available now? Or at least really soon?
There are new homes available currently in all four condo buildings at the Shipyard Development. 555 Ines Ave, 550 Innes Ave, 51 Innes Ct., and 50 Jerrold have condos for sales. All of the buildings have a similar style, look and feel. But layouts, furnishings and color schemes do vary. One Bedroom start in the upper $700K range. They currently have one two bedrooms two bath condo left in the mid $700K range. The price for the other remaining two bedroom homes is in the mid $850K range. Three bedroom homes start in the high $800K range.
Phase Three has sold.
Phase Two has sold.
Phase One — buildings called The Olympia and The Merchant — sold out as of February 2015, and new owners have begun to move in. Details of the first release:
Dues in both buildings are low — about $300 to $500/month depending on home and size. Both buildings are aiming for LEED Gold certification, which means they incorporate rigorous environmental standards of sustainability and conservation.
These prices sound too good to be true. What’s the catch?
Finishes are nice, not cheap but not over the top.
If there’s a catch, it’s the Mello-Roos tax on each home in the development. Those 12,000 new homes will need infrastructure…and someone’s got to pay for it. So there is what’s called a Mello-Roos tax on each home to fund the installation and maintenance of that infrastructure. The assessment is based on the square footage, and for a two-bedroom home of approximately 900 square feet, the tax is about $5,500 a year. Dues + this tax total $750 – $950/month. In addition, parts of the development site were once part of an EPA Superfund site. After remediation of the land and verification of remediation, the land is turned over to developers who then develop the land.
One more thing!
The Shipyard will have garage parking for every unit, no stackers, no valet, no joke.
Important Information: We do not represent the developer of The Shipyard. The developer has selected The Mark Company to provide them with their exclusive representation. We provide buyers with Independent Representation at new and resale construction across the city of San Francisco.