One Rincon Hill Tower 2 Delayed + Tower 1 Penthouses
Well, you are either not surprised at all or mildly surprised, but honestly, WHO didn’t see this coming anyway? One Rincon Hill‘s Tower 2 has officially been indefinitely “delayed” – not canceled as CBS 5 initially reported, but just delayed. Approximately 30% remain (235 closed as of Oct 30th) unsold in Tower One at this point and until there is some decent absorption in Tower 1 and the rest of the condo inventory in SOMA, South Beach, Rincon Hill, construction shouldn’t commence.
- It’s “Official”, One Rincon Hill’s Tower Two is Indefinitely On Hold [Socket Site]
- The Ripple Continues: Rincon Hill Suspended [Curbed SF]
- Curbed Wired: Rincon Tower 2 NOT Cancelled [Curbed SF]
- One Rincon Hill’s Second Tower Comes Crashing Down [sfist]
On another note, all FOUR penthouses are back on the market and being marketed and sold as a single, big, er-PIMP pad. Just under 6000 sf, the entire 60th floor (my client used to have a contract on 1/4 of the floor – boo hoo) can be had for a cool $14 million. The sales office hosted a broker event on the top floor – officially unveiling the latest marketing of the top floor units. Headache alert – I didn’t bring my tripod for my point-and-shoot, so some of these pics are going to be a little… blurry…
Mark ChoeyClimb Real Estate – Vanguard Properties
Climb Real Estate provides this information to the public and our clients and does not guarantee it’s accuracy. Climb Real Estate does not necessarily represent the seller nor the marketing company in any way. For Buyer Representation, contact Climb or learn How to Buy New Developments.
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