12:4:14.jpg

How Much Does It Cost To Live In A Former Cube Farm?

100 Van Ness, the drab 1970s office tower and former AAA headquarters that's been undergoing a costume change at the hands of Solomon Cordwell Buenz, has nearly completed its transformation into a glassy residential high-rise. Back in October, we got to peek inside the Emerald Fund and National Real Estate Advisors' newly curtain-walled structure and scope out the 360-degree views from the roof deck. Construction is still under way (crews will finish the lower units first and work their way up), but leasing kicked off just before Thanksgiving. The developers sent us a pricing breakdown for the units and they're not half-bad, for this town at least.

Studios, which will range between 439 and 484 square feet, will set renters back at minimum $2,600. One-bedrooms (628-849 square feet) start in the $3,100s—which, while not cheap by any measure, is about $250 below the latest median rental rate for a one-bedroom in San Francisco and a good $445 below the price of a one-bedroom at Avalon Hayes Valley three blocks west, where the neighborhood commands a higher premium. Meanwhile, more spacious two-bedrooms crack the $4,400 mark, with somewhere between 984 and 1126 square feet. The building's website also has floor plans as well as a feature that allows apartment hunters to check out the views from each specific unit, by day and by night.

According to the developers, the model units are complete and will be open soon. First move-ins are expected to begin in February.

Credit: Dylan Pilaar

Source: http://sf.curbed.com/archives/2014/12/04/how_much_does_it_cost_to_live_in_a_former_cube_farm.php