It’s no secret that Hayes Valley is currently one of San Francisco’s hottest neighborhoods. The neighborhood has undergone an incredible transformation in the years since the Loma Prieta earthquake. The central freeway overpasses and exits have been transformed into open spaces like proxy sf and new housing like Avalon Hayes Valley (rentals) or 300 Ivy (condos).
8 Octavia sits on the edge of Hayes Valley and is close to selling out. There are a few homes left, but the layouts with the best location in the building and most desirable floor plans have been spoken for already. Which isn’t to say that opportunities don’t remain, but… what’s next?
400 Grove will be the next building to open it’s sales office. The developer is represented by the fine team at the Mark Co. It’s a boutique building at the edge of Gough and Grove, built in a C-shape around a central courtyard. The scaffolding has yet to come down, but rumors peg the sales office for an April opening.
Further down the road will be 450 Hayes, which is just to the south of 300 Ivy and in the heart of Hayes Valley. The building is currently a very active construction site, and the sales office is rumored to be opening in late 2015 with delivery of the new homes in 2016. It’s another Stanley Saitowitz building (8 Octavia, 1515 15th, and 1875 Mission to name just a few recent projects) and you can expect premium pricing for this incredibly walkable location.
If we head north just a block or two to the north and west to 555 Fulton you’ll also find another very active construction site. No word on delivery dates or sales offices for 555 Fulton, but it will feature a ground floor grocery store that will be a great addition to the Hayes Valley neighborhood.
Owning real estate is a powerful tool for building wealth. While the price of entry to own in SF may be steep, the upside can be incredibly rewarding. Hayes Valley is a wonderful SF neighborhood with some amazing “old” restaurants like Absinthe alongside newer additions like Monsieur Benjamin, not to mention casual spots like the Beer Garden, and cultural institutions like the SF Jazz Center, symphony, or Opera House. When you combine the chance to build wealth with such amazing destinations within a short walk, you can begin to understand the intense interest in San Francisco real estate.
My team does not represent the developer in new construction because we help buyers explore all their opportunities in both new and modern construction opportunities across the city of SF.