First Phase Of Residences At The Pacific In San Francisco Sells Out; Trumark Urban Reaches Over $120 Million In Sales
Spurred by exceptional demand for the new residential development in the Pacific Heights enclave, Trumark Urban launches second phase offering ahead of schedule
SAN FRANCISCO, Aug. 29, 2016 /PRNewswire/ -- Just a few weeks after the official launch of sales for the tower residences within The Pacific, developer Trumark Urban announced today that the building has completely sold-out its phase one offering, surpassing $120M in sales. Prompted by the unequivocal demand for the first newly constructed condo residences in San Francisco's Pacific Heights neighborhood in decades, the team will release and accept offers on the second phase of residences ahead of schedule on September 6.
"After working for so many years on a building with no parallel or precedence, it is very encouraging to see such a strong reception by the market," said Arden Hearing, Managing Director for Trumark Urban. "The feedback and sales interest in our first phase of residences at The Pacific has exceeded our expectations."
Beyond the mold-shattering architecture and bespoke interior design by Glenn Rescalvo at Handel Architects, the collaboration with Jay Jeffers on model residences, the intimate art installation from Helen Amy Murray and the collection of five-star service and amenities, the most significant asset this building has is the address itself.
Sales for the building's 66 residences, led by West Coast sales and marketing firm Polaris Pacific, include an array of one-, two- and three-bedrooms flats and three-level townhomes each featuring distinctive entertaining spaces, chef's kitchens, up to 11-ft ceiling heights and floor-to-ceiling windows with picturesque views of San Francisco that span from the Bay, the Golden Gate Bridge, the Presidio, the Marin Headlands, Tiburon and Sausalito, to the Island of Belvedere.
Unique to the residences at The Pacific is the Penthouse Collection, already over one-third sold. The Collection includes an offering of seven penthouses ranging up to approximately 3,073 square feet and four Grand Penthouses with private, expansive wrap-around terraces ranging up to approximately 4,048 square feet. Significant sales interest has also been bolstered by The Pacific's Broker Advisory Board, a partnership with some of the city's top luxury brokers to help shape the project from conception.
"The understated elegance of The Pacific has been thoughtfully curated from start to finish," said Mark Higgins, Senior Vice President of Sales and Marketing at Trumark Urban. "There is no other residential condo offering of The Pacific's caliber available in the Pacific Heights neighborhood, San Francisco, or the country."
The Pacific will offer a full range of amenities including private vehicle valet, full service concierge, lobby attendant, a private Observatory Lounge overlooking the Bay and Golden Gate Bridge, a private guest residence called "The Fillmore", and a world class fitness center. Nestled next door to Fillmore Street, with the urban conveniences of high-end retail, Michelin-star restaurants and activities, owners at The Pacific will want-for-nothing at this cosmopolitan refuge.
Pricing for the wide range of residences will start from under $2 million and range up to $18 million. Private tours for interested parties are available now. Move-ins are anticipated to begin immediately.
The Pacific is located at 2121 Webster Street, San Francisco CA 94115. For more information, visit www.thepacificheights.com
About The Trumark Group of Companies
Trumark Urban develops high-density condominiums and commercial projects in global gateway markets with a focus on core urban neighborhoods close to jobs, transit and local businesses. With offices in San Francisco and Los Angeles, the firm has a portfolio of more than 1,000 condominiums and over one million square feet representing more than $1 billion of revenue. www.trumarkurban.com
The Trumark Group of Companies is a diversified real estate developer and builder with expertise in land acquisition, homebuilding, community design, entitlements and office, R&D and retail development. Trumark has raised more than $460 million of equity and funded 25 projects since the depth of the recession in 2009. www.trumarkco.com
Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. www.trumarkhomes.com, TruBlu Blog, Facebook, Twitter, LinkedIn
Trumark Communities is a residential land development platform focused on acquiring, developing and selling improved lots in master planned communities. Its current pipeline includes 1,500+ lots representing total projected revenue in excess of $300 million. Trumark Communities realized lot sales to builders of over $200 million in 2015. www.trumarkcommunities.com
Trumark Commercial, which builds, leases and sells commercial buildings, has entitled or developed approximately two million square feet of office, R&D, retail and hotel properties in the northern portion of the Golden State. www.trumarkco.com
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SOURCE Trumark Urban
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