The City’s Final Opportunity for Waterfront Living is Setting New Sales Records
SAN FRANCISCO (Oct. 12, 2021) – More than a decade in the making, the highly anticipated One Steuart Lane is now complete and welcoming its first homeowners to what is the city’s final opportunity to live in a new residential development along San Francisco’s waterfront.
The premier, ultra-luxury building continues to command the highest price-per-square-foot in San Francisco, with Bay-view homes selling for over $4,000 per-square-foot, a price point that hasn’t been achieved in the city since 2018, according to prominent sales and marketing brokerage Polaris Pacific; One Steuart Lane has sold multiple residences that have surpassed this threshold.
Designed by Skidmore, Owings & Merrill (SOM), one of the most influential architecture, interior design, engineering, and urban planning firms in the world, One Steuart Lane is a unique residential building in San Francisco, with the exterior façade clad in luminous in solid Roman travertine, sourced from quarries in Northern and Central Italy. Beautiful and enduring, it is the same stone used to build the great works of early Rome.
“With One Steuart Lane, our goal was to strike an effortless balance between a deeply modern sensibility and a timeless San Francisco presence,” said Christopher Brandt, senior vice president of asset management at Paramount Group, Inc., the developer of One Steuart Lane. “The team drew inspiration from the waterfront and every element of the building has been artfully engineered to maximize its Bay views, including floor-to-ceiling windows, impressive terraces, and balconies that transition from indoor living space to open air. We see this as a once-in-a-generation opportunity to own a home at an iconic San Francisco property.”
Beginning this week, four exceptional model homes are available to tour by private appointment. Two have been designed by Liaigre and the others by FrenchCalifornia and ASH.
Priced from $1.2 million to over $10 million, each residence evokes a sense of incomparable sophistication, boasting large-scale glass windows and over nine-foot ceiling heights, optimizing the colors that radiate off the water’s edge. Residences range from one- to three-bedrooms, spanning in size from approximately 900 to 3,000 square feet, as well as remarkably grand penthouses measuring up to 6,200 square feet.
As first residents began moving in, they are being welcomed into the beautifully designed two-story lobby experience by the 24-hour concierge, and serviced by a private enclosed valet drop-off for their automobiles. In their free time, they are enjoying the timeless communal space interiors designed by Rottet Studio, showcasing European brands Molteni Group and Liaigre, plus an expansive collection of amenities on the second floor, whose centerpiece is the flexible indoor/outdoor owner’s lounge. This beautiful space includes a gourmet kitchen and dining room complete with a lush terrace garden and outdoor barbeques overlooking Cupid’s Span and the Bay. A state-of-the-art, indoor/outdoor wellness center is housed in the adjoining space, which includes a fitness center with private training area, outdoor hot spa, Effegibi sauna and steam room, and a vertical shower system with massage jets and optional aromatherapy.
In order to maximize this connection, SOM created the building’s exclusive collection of Waterfront Terrace Residences on every three to four floors. These homes include enormous structural-glass sliding doors, some as large as 16 feet wide by nine feet high, which separate at the corner to completely open the homes to their wraparound, 40-foot terraces and city and Bay views. Blurring the delineation between indoor and outdoor living, these residences come complete with intricately landscaped living wall dividers, designed by Habitat Horticulture, and the floor and ceiling are completely flush for an unprecedented degree of connection to the sky, water, and hills beyond, an experience unlike any other in a residential San Francisco building.
“Our holistic approach to design allowed us to build a tower that is both striking and seamlessly integrated into the fabric of the city,” said Mark Schwettmann, design director at SOM. “The location of One Steuart Lane was the core inspiration for this project. This extraordinary last-of-its-kind waterfront site informed everything about the building: form, structure, space, materiality and detailing.”
Beyond physical beauty, One Steuart Lane achieves the city’s highest level of environmental performance without sacrificing luxury. Aiming for LEED Gold certification, the building is considered the leading example of sustainable architecture and design on the West Coast. The main eco-centric features include a state-of-the-art mechanical system that allows heat to be transferred from one side of the building to the other, taking advantage of San Francisco’s bright sunlight even on cool days. Solar water heaters on the roof provide renewable energy, saving 250,000 pounds of CO2 emissions compared to a gas boiler, annually. The commitment to the union of beauty and performance concludes at the top of the tower, where evacuated tube solar arrays collect energy while allowing light to gently filter through the top of the building.
Sales at One Steuart Lane have remained strong throughout the Covid-19 pandemic. A majority of recent buyers are from San Francisco and the greater Bay Area, highlighting the attractiveness of the building’s location and offerings. Owners include those looking to ‘right size’ in order to accommodate the more common work-from-home and entertain-from-home setups that require a larger living space, empty nesters who are eager to now travel the world and want the freedom to lock-and-leave without the upkeep of a high-maintenance residence, first-time homebuyers who are drawn to the waterfront location, and those looking for a pied-à-terre, allowing a presence in the city for occasional work and social events.
“This unique opportunity to live in a modern, world-class building on San Francisco’s waterfront is what makes One Steuart Lane the choice of homebuyers who insist on the best of city living,” said Paul Zeger, partner of Polaris Pacific who is handling the sales and marketing. “The rebirth of the Embarcadero that started in 1989 is culminating with the addition of this elegant residential community.”
To learn more and to schedule a private appointment, visit OneSteuartLane.com or call 415-904-2540.
About One Steuart Lane
Set directly along San Francisco’s prized Embarcadero, One Steuart Lane is the final opportunity for new residential development on the city’s most sought-after waterfront avenue. The 20-story building is refreshingly intimate and features 120 exquisite condominiums, many of which boast unobstructed Bay and bridge views and private outdoor living spaces with wraparound terraces. Meticulously designed, One Steuart Lane strikes an effortless balance between a deeply modern sensibility and a timeless San Francisco presence. The iconic development features architecture and residential interiors by the renowned firm of Skidmore, Owings & Merrill (SOM) and amenity interiors by Rottet Studio – a fitting pedigree for the city’s last opportunity for exceptional waterfront living. Residents will be afforded incomparable open and endless vistas, from Cupid’s Span and the Ferry Building’s clocktower to the Bay Bridge and the Island of Yerba Buena and beyond. There is nothing like One Steuart Lane in San Francisco, and perhaps the world. For more, visit OneSteuartLane.com.
Paramount Group, Inc.
Headquartered in New York City, Paramount Group, Inc. is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought-after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants. For One Steuart Lane, Paramount Group is supported by Project Management Advisors Inc. (PMA), a national real estate advisory firm providing consulting services.
SRE Group Ltd.
Founded in 1993, SRE Group Ltd. was listed on The Stock Exchange of Hong Kong Ltd. (Stock code: 01207.HK) in 1999 and became a member enterprise of CMIG Jiaye under the China Minsheng Investment Group in 2015. After more than 20 years of development and growth, SRE Group Ltd. has successfully made footprints with a number of high-end residential and mixed-use projects in more than 20 major cities including London, San Francisco, Sydney, Hong Kong, Beijing and Shanghai. In accordance with the concept of “Finance + Industry + Real Estate” integration, and to accelerate the enterprise transformation progress, SRE Group Ltd. implements a dual driven strategy of real estate investment and development to gradually build three core businesses: financial city complex development, characteristic town development, as well as asset mergers and acquisitions.
About Skidmore, Owings & Merrill
Skidmore, Owings & Merrill (SOM) is a global collective of architects, designers, engineers, and planners responsible for some of the world’s most technically and environmentally advanced buildings and significant public spaces. From a strategic regional plan to a single piece of furniture, SOM’s designs anticipate change in the way we live, work, and communicate, and have brought lasting value to communities around the world. The firm’s approach is highly collaborative, and its interdisciplinary team is engaged on a wide range of international projects, with creative studios based across the globe.
About Polaris Pacific
Polaris Pacific is the leading real estate sales and marketing group for today’s new residential communities. Drawing on a 30-year legacy of success in the Western United States, Polaris Pacific specializes in new development, leveraging the latest tools and technology to create a clear path forward. Long-term client relationships with industry leaders provide the company’s platform for innovation, establishing Polaris Pacific as the irrefutable expert in major urban markets. For more information, please visit PolarisPacific.com.