Rincon Hill Towers

Click here for a tour of 2602

The first resale of a unit at One Rincon closed today, thus becoming the first official mls comp for the building.  The 2 bedroom home that closed was unit #2202, in the desirable Southeast corner of the tower with 180 degree water views overlooking the Bay Bridge, and with city and mountain views.  The purchase price was $1.3 million, same as the list price.

Unit 2602, the only Southeast corner resale available will soon be on the market for 1.35 million.  There are also two very unique penthouse opportunities for a savvy buyer looking to combine two units.  The most desirable penthouse view unit in the city with over 3000+ sq ft living area is now possible, as is another 2500+ sq ft space with equally impressive views.  These are truly unique opportunities for the buyer that wants a large, unique and custom designed living space.

For information on 1, 2 and 3 bedroom units currently available at One Rincon Hill, please call the One Rincon specialist, Scott Osborne at 415-734-8005.

The status of the One Rincon Hill project has been updated in the Spring newsletter put out by the sales office at One Rincon Hill. Here is the latest on what is to come atop Rincon Hill:  

• The groundbreaking ceremony for Phase II, a second tower to be built at the corner of Harrison St. and Fremont St., will be scheduled soon after the selection of the general contractor this summer, with pre-sales in 2009.
• ORH is a phased-occupancy building and closings follow that schedule. Beginning in mid-April, closings begin for floors 27 to 60, on a floor-by-floor basis through Sept. 2008, when the penthouses on floors 56-60 are occupied.
• The main entrance and lobby still have some details to finish. Craftsmen are installing stone to the front columns and a glass canopy. Meanwhile, the curved bank of 20 foot tall glass windows are awaiting window treatments.
• Later in the summer, common areas will be completed. This will include a lap pool, hot tub and barbecue grill, surrounded by lounge chairs offering city views in every direction. Inside, just off the pool area, is a conference room and a large hospitality lounge which has already hosted several functions. The lounge has a 73″ flat screen TV, a baby grand piano and a full kitchen. Down the hall are men’s and women’s locker rooms, each with saunas. They are adjacent to a fitness center that offers an assortment of Precor and Nautilus equipment, as well as natural light and a stellar view of the Bay Bridge.
• Townhomes are rising along Harrison Street. There are 14 in all, each with private entrances and terraces. Some have private elevators and poolside patios. Sales tours are anticipated in early fall.
• The dramatic driveway up to ORH will be lined with 16 ft. trees, about 72 in all. This extensive landscaping surrounding the tower will be installed when Caltrains finishes work on the First St. on-ramp later this summer.
• Currently, only a handful of homes remain available for sale in Phase I. The sales center has a waiting list for homes that may become available during the upcoming phase of closings.

To read the entire newsletter, click here.

The following units are currently available for lease at One Rincon:

1 Bedrooms:

1604 - 605 sq ft.  $2600 /mo unfurnished including parking.  West views, city and Twin Peaks, gorgeous sunsets!Leased

2607 - 819 sq ft. $3200 / mo unfurnished including parking. Northwest corner unit. Awesome City and Bay Bridge Views! Leased

904 605 sq. ft. $2495 / mo unfurnished including parking.  West views, city, and Twin Peaks, gorgeous sunsets and some water views to the south.

801 - 837 sq ft.  $2900 / mo unfurnished including parking.  East facing, Bay Bridge and city view.

Attention owners - If you have an 07 floor plan available for lease, I have a client who wants one!

2 Bedrooms:

1802 - 1309 sq ft.  $5250 / mo unfurhished including parking.  Southeast Corner unit - incredible views of the city, Bay Bridge, Marina, Ballpark and South Bay. Leased

2602 - 1309 sq ft. $5500/ mo unfurnished including parking.  Southeast Corner unit with incredible views of the city, Bay Bridge, Marina, Ballpark and South Bay.  For an easy appointment to see these units, just call Scott at 415-734-8005. 

4906 - 1232 sq ft $6500 / mo unfurnished including parking. Northwest corner unit with incredible views of the city, water, Golden Gate Bridge, Alcatraz, Marin headlands and Twin Peaks.

Penthouse - $15,000 / mo - call for details.

For floorplans and additional building info, visit www.onerinconhill.com

A Business Wire article recently highlighted some of the high tech features that are part of the package at One Rincon Hill.  According to the story:

MST now offers Quad-Play and NuConcierge solutions to residents of One Rincon Hill, currently the tallest residential building west of the Mississippi River. As part of the agreement with Urban West Associates, residents and building management at One Rincon Hill now have access to a comprehensive suite of leading-edge digital services including digital satellite TV programming, Voice-over Internet Protocol telephone (VoIP), high-speed Internet access, and Wi-Fi services. NuVisions Broadband high-speed internet service will be delivered to residents either through cable modem or via every electrical outlet in each apartment, using the patented Telkonet iWire System via Powerline Communications (PLC)

“We are excited to launch at our first property in California, a receptive market for the cutting edge communications services we offer, said Frank Matarazzo, CEO of MST Inc. This property, with its sophisticated residents, offers the ideal venue for our launch into this new market. We believe that our quad-play offering, together with the NuConcierge solution, will afford Urban West Associates a competitive advantage in marketing this premier multi-tenant property.

“One Rincon Hill has worked diligently to deliver a unique mix of high-end services for our owners, commented Mike Kriozere, managing partner of Urban West Associates. We believe that these cutting-edge amenities are a perfect complement to one of San Francisco’s newest luxury properties.

MST Holdings’ subsidiary launches Quad-Play services in California market © Business Wire 2008

Sounds cool to me.  If you’ve had a chance to use their system, feedback and comments are always welcome!

Amateur video taken by yours truly during the fireworks show after the Giants extra inning win over the Padres.  The video was taken from the balcony of the 18th floor at One Rincon Hill.  What a great place to watch the fireworks display!  Enjoy the show…  (full screen view recommended)

This stunning unit is now available for lease or purchase.  Please browse these new photos. 

For lease:  $5250/month - One year minimum

For Sale: $1,399,000 - Please call for details

Call Scott Osborne for EZ showing.  Evening appointments available highlighting the Bay Bridge and citylights at night.  Open today 4/15  2-8PM (Please call first after 5)

Here’s just a few of the many photos I have taken from inside the coveted Southeast corner units at One Rincon Hill, San Francisco’s newest luxury residential highrise. One Rincon is located at 425 1st St, just a few blocks from everything San Francisco has to offer.