Luxury Property Auction: 10 September-8 October. Estimated sale price: $1M-$1.5M. A shovel-ready, fully entitled condominium development site in San Francisco's dynamic SoMa district, 224-228 Clara Street presents a rare chance to move directly into execution on a Stanley Saitowitz-designed project. More than USD$1,000,000 has been invested in plans and permits for a nine-residence concept featuring eight market-rate two-bedroom, two-bath residences and one below-market one-bedroom residence. The envisioned design pairs open floor plans with floor-to-ceiling glass, distinctive circular bathrooms, generous kitchen islands, and elevator access directly to each residential floor. Top-floor residences and a 640-square-foot common roof deck are designed to capture sweeping city views, while bike storage and select private outdoor space add everyday functionality. A vacant structure currently occupies the 3,600-square-foot parcel and is permitted for demolition. Alternate parking-lot use may be possible; buyer to verify.
Listing courtesy of Callum Hutchins, from Sotheby's International Realty
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