SAN FRANCISCO, Dec. 11, 2017 /PRNewswire/ -- Trumark Urban announced today the sellout of Rowan, a 70-residence, mixed-use residential building in San Francisco's flourishing Mission District. This news comes on the heels of Trumark Urban announcing a rapid sellout at Knox, their project in San Francisco's Dogpatch neighborhood just last week. Sales for Rowan launched in October 2016, led by West Coast condominium sales and marketing firm Polaris Pacific.
"The Mission is one of the most exciting, vibrant and desirable neighborhoods in the City," said Arden Hearing, Managing Director of Trumark Urban. "Rowan was extremely well-received from the start and we are thrilled to celebrate this momentous milestone with a sellout in such a short amount of time which speaks to the urgent need for additional residential housing in San Francisco."
The nine-story building is comprised of one- to three-bedroom residences ranging from approximately 656 to 1,300 square feet. Designed by Handel Architects, Rowan embodies a bold aesthetic, featuring an external, cast-in-place concrete structure in a diagonal grid showcasing a striking design in keeping with the neighborhood's historic "art" of industrial construction.
In-residence amenities include high-speed fiber-connections as well as Nest Learning Thermostats, along with Domus & Domus Italian cabinetry, hardwood flooring in living and kitchen areas, and appliances by Bertazzoni and Bosch. Every residence features a column-free interior due to the unique zig-zag exterior structure. A landscaped Zen Garden on the second floor allows space for reflection and reconnection with a sculptural water feature and wood decking. The landscaped roof terrace offers a vibrant approximately 3,200-square-foot communal space with gas barbecues, vertical gardens, ample lounge seating and stunning views of the downtown skyline and Twin Peaks. There is also ample bike storage, bike repair space, and parking is available in the fully-automated garage.
"Rowan marks our second Trumark Urban project to reach a sellout this year and we have two other high-profile projects in our portfolio – The Pacific in San Francisco and TEN50 in Los Angeles – that have each reached over 90 percent sold," said Gregg Nelson, Co-founder and Principal of Trumark Companies. "It's been a very encouraging few months for our team and we are grateful to everyone involved in the entire Trumark Urban portfolio."
Located at 338 Potrero Avenue, Rowan is conveniently located within walking distance to bars and breweries, restaurants, retail and offices in the Mission, Potrero Hill and Soma neighborhoods. Just steps away lies Franklin Square Park surrounded by vast transit options.
Learn more at www.rowansf.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