Now Renting: New Luxury Units for a Housing-Starved CityAuthor:Philip Ferrato
With rentals tough to find at any price and San Francisco’s “median” rent hovering around $3200, the new tower you’ve seen rising up on Rincon Hill is offering a range of luxuriously finished units from just above $3200 for a 1-bed, 1-bath to more than $15,000 for a penthouse.
Called Tower Two at One Rincon Hill, it’s the second and final tower planned for the large site near the Bay Bridge where construction began in 2006. Initially stalled by the 2008/09 financial crisis, Tower Two is now almost complete and leasing has begun with occupancy expected in August. And they’re teasing us with these digital images:
With almost 300 units, mostly renting above $5K a month, Tower Two will satisfy some of the pent-up demand for new, high-end rentals in amenity rich complexes– with valet parking, fitness centers and swimming pools– that most older San Francisco buildings lack and new resident are looking for. Plus it’s not just about housing for the prosperous. While there are no “affordable” units in the building, the entire One Rincon Hill project will bring over $26M to the city’s Affordable Housing Fund and San Francisco schools.
We were especially smitten by the layout of this 3-bed, 3-bath unit on the 42nd floor– with a monthly rent just north of $10K for almost 2K square feet and incredible views north and east:
Built and finished with condominium-level details and appliances, Tower Two will share the same world-class amenities (although a parking space will set you back an additional $350 a month) with Tower One, plus this 47th floor lounge:
More: Go to onerinconhill.com for more information and floor plans.
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