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If there is one segment of the San Francisco housing market that has changed or softened in the ‘08, its gotta be the loft market. In years past, developers couldn’t build them fast enough and edgy buyers were pit against each other as they tried to snatch up the hippest, coolest, biggest box they could find and they were willing to pay top dollar for them. Things have changed as lofts sit on the market for longer periods of time (average days on market is 58 so far this year) and there have been fewer transactions (compared to this time last year). There are always exceptions to the rules and 75 Lansing #3 is a perfect example. Personally, one of my favorite lofts in the city, this unit was purchased in April 2006 for $2.8mm. I’m not aware of any major upgrades since the last sale, but the loft changed hands again last week for $3.5mm
75 Lansing Street #3 [Home San Francisco]
image a la mapjack.com
Excuse the horrendous picture, but the note reads:
“To provide the best health care for our employees a 4% health care initiative surcharge is included thank you for dining with us.”
This informative tidbit was included at the bottom of the bill at the new Waterbar restaurant on the Embarcadero. Fascinating! We are all for quality health care here at SF Schtuff and we understand that the cost of obtaining such health care is astronomical, but is the 4% tacked on charge the best way to suck your customers dry pass along the cost from the employees to the customers? Waterbar is not the cheapest restaurant in the city, if they added the 4% to each item before the bill (and reflected this in their prices) and didn’t charge the 4% after you have enjoyed your sea-meats and got a little liquored up, it would be less of a surprise. Perhaps instead, the note could read:
“To provide the best health care for our employees a 4% health care initiative surcharge was included in the price of all items.”
It was something new for us. Have any of you seen this before?
Inside Sneak Peak [Eater SF]
Now the fancy, tech-heavy part of the building process is taking place at One Rincon Hill with the installation of “intelligent elevators” and the sort.
Elevator Deets:
- travel at 1,200 feet per/min (2nd fastest in sF just behind BofA building)
- 4 total in building (versus 38 in the Bank of America building)
- “smartest” in the city
- moves 61 floors in 26 seconds–that’s ear poppin’ speed
Factoid:
According the to SFGate, “The One Rincon tower now under construction has a footprint of 9,800 square feet - less than a quarter of an acre. One football field = one acre. Monster park Candlestick, you better watch your back.
Elevators with brains [SFGate]
Bathroom With a View at 1 Rincon Hill [SanFrancisco Schtuff]
60th And Last [SanFrancisco Schtuff]
One Rincon Elevators Have Brains, Will Travel [Curbed SF]
Our friends at theFrontSteps have an all out battle goin’ down and we’d like to hear what you have to say. Are you old school or new school SF? To keep all the comments in one strand, we’ve disabled comments on this post, instead, click here to be heard! Put on your gloves and battle it out…
Battle Royale: North Beach or South Beach, if you had to choose [theFrontSteps]
Taller than the Washington Monument, shinier than a bunch of diamonds and flimsier (in the wind or in an earthquake) than some real estate agents’ ethics…
One Rincon Hill is all grown up. It has elevated to most of its glory as the 60th and last floor of concrete was just poured. Currently, the cement core of the building is still exposed at the top and the glass does not reach higher than 50 floors, but the building is 482 feet above the street and will be capped off in about a month at 605 feet. The “glass curtain” is what the hard working folks at 1 Rincon are currently working on.
Bathroom With a View at 1 Rincon Hill [Gtwice]
Glass Curtain Rises on Tower [SFGate]
Curtain Wall [Wikipedia]
1 Rincon Hill plumbing and bathroom update…
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