150 Years in the Making: First Homeowners Move into San Francisco’s Newest Neighborhood – The San Francisco Shipyard

San Francisco, The San Francisco Shipyard, commercial real estate, Lennar Urban

20150310_Lennar_Block53_BLDG_3_Street_FinalClose to 50 Percent of Owners at The San Francisco Shipyard are First-Time Homebuyers

SAN FRANCISCO (April 28, 2015) – A new story, 150 years in the making, is beginning as the first owners at The San Francisco Shipyard start to move into their new homes and San Francisco’s newest neighborhood takes shape.

The community is attracting first-time homebuyers with more than 50 percent of current buyers citing their first purchase of a home. Townhome owners at Olympia are the first to occupy the revitalized San Francisco Shipyard neighborhood, which will eventually encompass 6,000 homes.

“Buyers who have been priced out of the San Francisco housing market now have an opportunity to purchase a new home, at a much more attainable price, that offers the same quality and finish-level of new developments in established neighborhoods within the city,” said Sheryl McKibben, vice president of sales and marketing at Lennar Urban. “The entry point is low and the upside is high at The San Francisco Shipyard. For the same amount people are paying in rent, they can purchase a new home at The Shipyard, start building equity and say goodbye to rent increases. Our buyers benefit from brand-new infrastructure, a waterfront location, parks and breathtaking views. The San Francisco Shipyard is an incredible value now and in the future.”

The first homes at The Shipyard, Olympia and Merchant, feature contemporary design with amenities such as parks, private patios and rooftop decks. These first 88 homes showcase the standard to which Lennar Urban is building, as each home features top-of-the-line interior finishes such as hardwood floors, custom cabinetry, quartz stone countertops, tile bathroom flooring and surrounds, and Bosch kitchen appliances. Sales for the next four buildings, comprising 159 homes, will be announced in the coming weeks and are slated for completion by early 2016. Two of the four buildings, Tides and Thayer, are already preselling.

This highly anticipated, multi-billion dollar waterfront community is taking its place among the city’s most sought after real estate. In addition to an array of amenities, hundreds of acres of parks and easy access to downtown, residents will be adjacent to an Urban Innovation District. This integrated community will comprise three million square-feet of waterfront commercial space, including an emerging business incubator and possibly San Francisco State University’s extended campus. Through purposeful programming and physical design, the district will be activated with coffeehouses, gyms, dining, retail and entertainment venues.

To register for information about the next release of homes or to learn more about The San Francisco Shipyard, visit www.thesfshipyard.com, call 415-383-5500 or connect at @TheSFShipyard.

About The San Francisco Shipyard
The San Francisco Shipyard is a transformative community led by Lennar Urban and being built with the same spirit of artistry and progressive ideas that define San Francisco. It is a revitalized waterfront neighborhood with a bold new vision offering a mix of residences, retail, entertainment, a research and development campus anchored by San Francisco State University and acres of parks and trails. Situated in San Francisco’s Bayview neighborhood overlooking the picturesque waterfront, The San Francisco Shipyard is just 3.5 miles from the city’s SoMa district and less than 10 minutes from downtown via car. The San Francisco Shipyard, and its sister community Candlestick Point, are 20-year, multi-billion-dollar redevelopments that encompass a total of 762 acres where there will be more than 12,000 new homes, three million square feet of research/development and workspace and over 300 acres of parks and open space. Homes range from studios to three-bedroom designs and buildings include townhomes, mid-sized condo flats and high-rises. Because of the waterfront location, almost all homes have breathtaking views of the Bay and San Francisco skyline. For more information on The San Francisco Shipyard, visit www.thesfshipyard.com , call 415-383-5500 or connect at @TheSFShipyard.

About Lennar Urban
Lennar Urban is a division of Lennar, one of the nation’s largest home builders. Lennar is a publically traded company and its home building operations include the sale and construction of single-family attached and detached homes across the country. Lennar Urban is the leading developer of large-scale master-planned communities within the urban environment. By successfully partnering with local communities, Lennar Urban has a proven track record of transforming valuable, underutilized land into vibrant mixed-use neighborhoods. Approaching each of development with the aim of simplifying lives and enhancing connections, Lennar Urban believes its work is setting the new standard by which other new communities are measured. www.lennarurban.com.

San Francisco, The San Francisco Shipyard, commercial real estate, Lennar Urban

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