Inside the multi-million-dollar condos of San Francisco's newly-opened $850 million residential tower — the first one just sold for $15 million

san francisco housing market 181 fremont36

The newest member of San Francisco’s iconic skyline is officially open for use.

The new tower opened in May and is notable because it houses one commercial tenant, Facebook, and 55 multi-million-dollar residences, including a five-bedroom $42 million penthouse that’s still under construction.

Developers held high expectations for how fast the condos would sell —expectations that would seem to have borne out, since the first condo just sold for $15 million. The sale of the 3,326-square-foot, three-bedroom unit breaks the city’s record for highest price-per-square-foot sale for a condo, as reported by the San Francisco Business Times.

Construction on the mixed-use tower at 181 Fremont began in 2013. It can be spotted in the skyline by its striking spire and encasement of beams criss crossing along the exterior, designed to act as shock absorbers in the event of an earthquake.

The developers and designers behind the high rise set out to make the establishment the embodiment of state-of-the-art luxury living and world-class engineering. 

Business Insider toured two of its model residences designed by renowned designers Orlando Diaz-Azcuy and Charles de Lisle and the Sky Lounge exclusive to residents, as well as captured the panoramic views of the sprawling city of San Francisco afforded to the building’s occupants. Take a look at what it’s like inside.

Say hello to the tallest residential tower west of the Mississippi River.

Those zig-zagged beams you see comprise an aluminum exoskeleton that serves as the building’s foundation, acting as giant shock absorbers essentially, improving its survival odds in the case of an earthquake. The elevators are actually designed as an emergency evacuation route.

“We joke that if there is a seismic event, people would run into the building,“ said Matt Dietsch, senior director of developments at The Mark Company, which provided sales and marketing services for the establishment.

The tower stands adjacent to the infamously sinking Millennium Tower and catty corner from the Salesforce Tower. The power trio looms over passerby on the sidewalks below.

See the rest of the story at Business Insider
Source: Business insider

Kommentar verfassen