Central Station

The Bay Area's Newest Destination

Thursday, March 27, 2008

How do you value 10 minutes?

In 1991, Holliday Development developed 601 4th Street, also designed by David Baker + Partners. These lofts sold amid a tough market and an even tougher neighborhood, as SOMA was yet to see much of its revitalization.

Originally the average sales price on these lofts was $285,000. Today, we just saw a listing for one of the penthouse homes for $1.959 million. As noted on SocketSite, this is a "truly unique San Francisco Space and Penthouse."

Now that the Holliday-Baker team has turned to the Pacific Cannery Lofts, the opportunity is here for another truly unique space by the same team, this time located just on the other side of the bridge, about 10 minutes away (and for about $1.5 million less than this penthouse).

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