PLANO, Texas (April 20, 2016) — Monogram Residential Trust, Inc. (“Monogram” or the “Company”) (NYSE: MORE), an owner, operator and developer of luxury apartment communities with a significant presence in select coastal markets across the United States, announces the opening of Olume, a 12-story, 121-unit multifamily community in San Francisco’s highly sought-after Mission District. Following the Company’s unveiling of SoMa in Miami, Olume’s opening supports Monogram’s market-driven strategy and emphasis on growth in core coastal markets.
“San Francisco residents have a high standard for apartment living and Olume is designed specifically to enhance their urban lifestyle with sustainable solutions and luxury amenities,” said Mark T. Alfieri, Chief Executive Officer, President and Chief Operating Officer of Monogram. “This property reflects Monogram’s approach to creating exceptional experiences for our residents and value for our investors.”
Located at 1401 Mission Street, Olume’s versatile 4,000-square-foot rooftop deck offers views of Mission Bay and downtown San Francisco. Complemented by spacious lounge seating, fire pits, grills, an outdoor TV, an entertainment area and kitchen, the rooftop also offers a 1,240-square-foot fitness center and a dog run. Characteristic of Monogram’s “tailored living” philosophy, the building’s interior is designed with top-of-the-line amenities and services including a lobby coffee bar, electric car charging stations, high-tech package delivery locker systems and onsite bike storage, maintenance and repair.
Residents enjoy exclusive access to the City CarShare vehicles parked on the premises. Other luxury amenities include enclosed garage parking with controlled access and 6,000 square feet of usable, open green space. The units themselves feature Energy Star appliances, energy-efficient lighting, and gourmet kitchens with custom cabinetry and granite countertops. The bedrooms offer distinctive sliding wood doors and feature light-inviting glass wall panels.
Monogram partnered with Martin Building Company to co-develop the boutique-style community, which is striving for LEED-silver certification. Designed by Arquitectonica, Olume’s unique façade features an abstract panel design that enhances the aesthetic of the Mission District. Olume’s convenient location offers residents pedestrian access to popular restaurants and retail in addition to close proximity to Bay Area Rapid Transit and Central Freeway.
Monogram Residential Trust, Inc. (“Monogram”), is a fully integrated self-managed real estate investment trust that invests in, develops and operates high quality multifamily communities offering location and lifestyle amenities. Monogram invests in stabilized operating properties and properties in various phases of development with a focus on communities in select markets across the United States. Monogram’s portfolio includes investments in 55 multifamily communities in 10 states comprising 15,211 apartment homes.