One Rincon Hill‘s 299 unit Phase II officially broke ground this week, spelling good news for the luxury condominium market. The new tower was originally planned to be built immediately after the first One Rincon tower, but faced delays due to the multiple financial crises. The intense demand for new homes in 2012 has been a welcome sign for developers who had an August deadline to begin work on the building. With prospective buyers fiercely competing to grab new construction condos in and around the downtown area, it will be interesting to see the sales dynamics of this development during pre-construction.
For more information about the construction and sale of One Rincon, please contact Matt Finley at 415.412.6838 or matt@climbsf.com.
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