San Francisco Buyers Looking for New Condos Must Play the Waiting Game
The development pipeline is slow as planning approvals are complex and construction costs are high
Although there are not a lot of new developments now, there still are choice units left in projects, such as this one, that launched sales earlier.
The Bristol at Yerba Buena Island, Yerba Buena Island
Photos: Brian Kitts
Yerba Buena Island, which is named after the naturally formed island in the San Francisco Bay, is a collection of distinctive townhomes, flats, condominiums, penthouses and estate homesites.
The Bristol, the first building to open, features luxury condos.
The development, which is minutes from the Financial District and the Treasure Island ferry terminal that is devoted to downtown commuters, is designed to bring nature, wellness and community into one setting, which, according to agent Ryan Fay of FM Partners, is a priority for purchasers in the wake of the pandemic.
“The emphasis on urban planning, stunning architecture and design, along with being nestled among trails and parks, will make this the most unique and tranquil development within any major city worldwide,” he said.
Noting that the development “seamlessly integrates its surroundings to give its residents a sense of belonging,” real estate agent Omar Maissan of FM Partners, which has worked with Yerba Buena Island developer Chris Meany, said that it’s like “stepping onto an island resort. The exterior finishes are meant to give that feeling of natural serenity and the look of being weathered by the salty sea air. Details that stand out include the silver hue that will become apparent on the wood used over the years, oil-rubbed bronze fixtures that will have varied coloration in areas that receive contact, and even the stucco will get a deeper mottled hue over time.”
Sales launched in February 2021.
Number of Units: 124
Price Range: Starting at the mid $700,000s for studios, from around $1 million for one-bedrooms, from around $1.6 million for two-bedrooms and from around$3.6 million for three-bedrooms
Developer/Architects: Wilson Meany/Anne Howerton and Tim Slattery of Hart Howerton, Jon Ennis of BDE Architecture, Vivian Lee of Edmonds + Lee, Gray Davis of Meyer Davis, Kent Chiang and Roslyn Cole of Aidlin Darling Design, Cliff Lowe of Cliff Lowe Associates, and Lauren Stahl of CMG Landscape Architecture.
Condo Sizes: 630 to 2,248 square feet.
Amenities: The Yerba Buena Island development has 72 acres of parks, including a park that will crown the island’s peak and is designed by landscape and public artist Walter Hood, a recipient of the 2009 MacArthur Genius Grant award; a calm sandy beach and five miles of hiking and biking trails. For residents, there’s a private, three-story gathering place, the Island Club, that features fitness equipment, a yoga studio, lounges and an outdoor lap pool.