The SF Shipyard: Resales Hit the Market at 30% Premium, 100th Close of Escrow

SF Shipyard, San Francisco, Bay Area, Lennar Urban

SF Shipyard, San Francisco, Bay Area, Lennar UrbanWaterfront Neighborhood Takes Shape, Resales Hit the Market at 30 Percent Premium

SAN FRANCISCO (March 31, 2016) – Lennar Urban announced today the 100th close of escrow at The San Francisco Shipyard, along with several other milestones within the transformative, multibillion dollar community that is quickly taking its place among San Francisco’s most sought after real estate.

Two resales within the community’s first buildings, Merchant and Olympia, are now hitting the market for the first time since they sold two years ago, and at a 30 percent price increase. As of last week, 100 escrows have closed, more than 170 homeowners have moved in to five completed buildings, eight additional buildings are under construction and a total of 247 homes will be completed by the end of the year. Another four buildings will be completed by the end of 2017, delivering another 132 homes. Eventually, The San Francisco Shipyard will encompass 6,000 homes.

SF Shipyard, San Francisco, Bay Area, Lennar Urban“It’s hard to believe that just last March we announced the quick sell-out of the first two buildings and now this community is coming to life as green parks sprout up, public art displays have been installed, social events occur daily and more homeowners make The SF Shipyard their home,” said Sheryl McKibben, Chief Marketing Officer at Lennar Urban. “Buyers who were originally attracted to our attainable pricing, modern design and superior finishes, now begin to see the value in the waterfront views, manicured parks, wide open spaces and easy access to downtown San Francisco, the Peninsula and East Bay. It’s all coming together.”

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 of nearly five 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.

Last year, Lennar Urban also launched The Storehouse, The Shipyard’s first community marketplace. The Storehouse is a destination for Shipyard residents to buy essential items, but also a gathering place for neighbors to meet and get to know one another. It’s ideal for picking up grocery items like milk, bread and pasta, trying new local products like candles and seasonal items, indulging in some sweet treats or grabbing a cup of coffee before work.

SF Shipyard, San Francisco, Bay Area, Lennar Urban“My teenage daughter and I were among the first people to move in at The Shipyard when I purchased a townhome last May,” said Robert Knigge, who just listed his townhome and is moving to a larger three-bedroom home at The Shipyard. “I wanted a neighborhood for my daughter to safely ride her bike and play outside. My Realtor first brought me here when it was only a construction site. But, I saw the potential with the affordable homes, the water and city views and the proximity to downtown. Now that we live here, every week the neighborhood seems to change. We drive around in our golf cart to see another new park opening or landscape going in. When we go to The Storehouse for coffee on Sundays, there are more people riding bikes, walking dogs and pushing baby strollers. I knew all of these things would eventually happen, but now it’s becoming a reality.”

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 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, nearly five 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.

SF Shipyard, San Francisco, Bay Area, Lennar Urban

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