Posted On: Tuesday, January 29, 2013 - 5:29pm | Posted By: Steven Kark
The San Francisco Chronicle reports that Trumark Urban, a San Francisco company which is a subsidiary of the Danville, California parent company Trumark, plans to develop condominium projects in six areas of San Francisco: Mission, Potrero Hill, Cow Hollow, South of Market, Nob Hill and Mid-Market/Hayes Valley. These will be in-fill projects which will include a total of 550 condos, ranging from 500 square feet to 2,500 square feet and priced from $500,000 to $2,000,000. Each complex will have between 25 to 130 units.
The development of the six sites will cost approximately $300 million for land, design construction and marketing. Trumark plans to sell these units for $400 million.