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The Madrone, Mission Bay: sold out in record time

Fri, 19 Apr 2013 16:43:23 +0000

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Mission Bay: Where once tumbleweeds tumbled and defunct buildings moldered, a thriving community has emerged, one that’s been developing over the past decade and a half. And part of it is Bosa’s Madrone at Mission Bay, a condo complex that broke SF records for the rapidity with which it sold out.

Composed of two 16-story towers and a total of 329 units, these condos, according to a recent press release from The Mark Company, are 100% spoken for. Despite facing a still recovering economy, The Madrone closed on more than 200 residences by the building’s completion in August 2012. In August, its grand opening month, a total of 97 units closed, making it San Francisco’s fastest selling property (previously, the most units closing escrow in a month was 50 for a single development).

Luxury condos back in demand

San Francisco’s appetite for luxury condos has been reawakened of late, but the dearth of inventory makes satisfaction of that hunger hard to come by. In March of this year, the number of available condos on the MLS was down 32.9% year-over-year, while the median sold price was up 31.6%. The Madrone met the needs of well paid tech, education, and science employees looking for for waterfront 1, 2, and 3 bedroom units with swanky amenities. But the record sell-out of every single condo in the complex is still a striking accomplishment given the price point here: Property records for a sold 2-bedroom unit show a sale price of $1,818,750; and a 3-bed for $1,995,000.

Evolution of a neighborhood

Mission Bay covers 303 acres of land between the San Francisco Bay and Interstate-280. The San Francisco Board of Supervisors established the Mission Bay North and South Redevelopment Project Areas in November 1998, successfully planning the building of the University of California, San Francisco research campus, a state-of-the art UCSF hospital complex, housing and services, all steps away from ATT Park, the home of the San Francisco Giants.

San Francisco, already so dense and tiny, offers few chances for the emergence of a new neighborhood. We asked Alan P. Mark of the Mark Company what he expects next for the area, given this large induction of new, well-monied residents.

There will be a couple of thousand renters moving into Mission Bay within the next couple of years as a number of rental buildings are being delivered. Retail services typically follow. My forecast would be that there will be a mixture of more well known entities and entrepreneurial retailers.

What do you think, readers? We have our established Haight-Ashbury, our Marina, our Pac Heights, each with their identity and unique vibe. Given these latest developments, what will be the flavor and feeling of Mission Bay?

Anna Marie Erwert writes from both the renter and new buyer perspective, having (finally) achieved both statuses. She focuses on national real estate trends, specializing in the San Francisco Bay Area and Pacific Northwest, and writes for SFGate and CurbedSF. Follow Anna on Twitter: @AnnaMarieErwert

Article source: http://blog.sfgate.com/ontheblock/2013/04/19/the-madrone-mission-bay-sold-out-in-record-time/

Paragon Outlets Livermore Valley to Open Thursday

Wed, 07 Nov 2012 02:15:56 +0000

Paragon Outlets Livermore Valley, the first new outlet center to open in California since 2001, will welcome shoppers for its grand opening weekend celebration Thursday, Nov. 8 through Sunday, Nov 11.

Developed by Paragon Outlet Partners, a commercial real estate development firm headquartered in Baltimore, the $150 million, 543,000 square foot outlet center with 130 leading designer and top brand name stores, will proudly serve the Greater San Francisco Bay region.

“Paragon Outlets Livermore Valley is one of only five outlet centers that will open in the United States this year,” said Paragon Outlet Partners Principal Robert A. Brvenik. “We know shoppers are eager to save at our exciting collection of iconic brands and we’re thrilled to deliver an outlet center that is 100 percent leased just ahead of the holiday shopping season today. In fact, we’ll keep Paragon Outlets Livermore Valley open until 11:00 p.m. Thursday and midnight both Friday and Saturday nights over our grand opening weekend.”

According to Paragon Outlet Partners Principal Nicholas King, “Not only are we proud to deliver a well-tenanted shopping destination that offers dramatic savings, but we are delighted our grand opening also represents the delivery of approximately 2,000 permanent jobs in the region.”

More than $15,000 in sweepstakes prizes and give-aways courtesy of merchants such as Armani Outlet, Bloomingdale’s, The Outlet Store, Cole Haan, Converse, Elie Tahari, J.Crew, Kipling, Levi’s Outlet Store, MaxMara, Movado Company Store, Nike Factory Store and Nine West Outlet, among many more, will mark Paragon Outlets Livermore Valley’s highly-anticipated debut in the regional marketplace. Anchor stores including Bloomingdale’s, The Outlet Store, Last Call by Neiman Marcus and Saks Fifth Avenue OFF 5TH will kick off the outlet center’s grand opening celebration early Wednesday, Nov. 7.

Bloomingdale’s, The Outlet Store will welcome shoppers to its VIP shopper preview day from 10:00 a.m. to 9:00 p.m., while Last Call by Neiman Marcus and Saks Fifth Avenue OFF 5TH will host shopper previews from noon to 5:00 p.m. and 6:00 p.m. to 9:00 p.m., respectively. Paragon Outlet Partners will officially open the area’s newest outlet shopping center at its Champagne Confetti Grand Opening Ceremony, near the outlet center’s Food Court, Thursday, Nov. 8 at 10:00 a.m. And, beginning at 5:00 p.m., Diablo, a leading lifestyle magazine, will host an invitation-only VIP Grand Opening Party complete with:

Swag bags featuring merchandise from an array of brands including Bloomingdale’s, The Outlet Store, Columbia Sportswear, Goldtoe, Jockey, Le Creuset, Michael Stars, Tommy Hilfiger, Ultra Diamonds and many more. (While supplies last.)
Style Suggestions with Diablo Magazine’s Style Editor Kristen Haney along with Last Call by Neiman Marcus’s Stylist Brandy Lunsford.
A sampling of culinary treasures of the Livermore Valley provided by area restaurants.
Select wines courtesy of Wente Vineyards.

What’s more, the Livermore Valley Winegrowers Association will host Sunset, Sip Shop Saturday, Nov. 10 from 5:00 to 8:00 p.m. Featuring tastings from 15 of Livermore Valley’s wineries, tickets are $10 and may be purchased online at www.lvwine.org or on-site on a first come, first serve basis.

“Paragon Outlets is a great addition to Livermore Valley and will definitely enhance the wine county experience for our visitors,” said Chris Chandler, executive director of the Livermore Valley Winegrowers Association. “We are very pleased to partner with Paragon Outlets in making our beautiful region a top Bay Area destination.”

Paragon Outlets Livermore Valley’s grand opening weekend schedule follows. For a complete list of individual store grand opening sales, limited-time offers, special events and more including a merchant directory and outlet center map please visit www.paragonoutletsLV.com.

Wednesday, Nov. 7:

Bloomingdale’s, The Outlet Store VIP shopper preview day: 10:00 a.m.to 9:00 p.m.
Last Call by Neiman Marcus shopper preview: noon to 5:00 p.m.
Saks Fifth Avenue OFF 5TH shopper preview: 6:00 to 9:00 p.m.

Thursday, Nov. 8: Open 10 a.m. to 11 p.m.

10 a.m.: Champagne Confetti Grand Opening Ceremony, near Food Court ·
10 a.m.: Paragon Outlets Livermore Valley opens with limited-time offers, merchant giveaways, prize sweepstakes and entertainment
5:00 to 8:00 p.m.: Diablo’s VIP Grand Opening Party, near Brooks Brothers Factory Store

Friday, Nov.9: Open 10 a.m. to midnight

Limited-time offers, merchant giveaways, prize sweepstakes and entertainment

Saturday, Nov. 10: Open 10 a.m. to midnight

Limited-time offers, merchant giveaways, prize sweepstakes and entertainment
5:00 to 8:00 p.m.: Livermore Valley Winegrowers Association’s Sunset, Sip Shop event

Sunday, Nov. 11: Open 10 a.m. to 7 p.m.

Limited-time offers, merchant giveaways, prize sweepstakes and entertainment “Even before our grand opening shoppers have the opportunity to join our exclusive Privilege Club at www.paragonoutletsLV.com. Becoming a member entitles shoppers to a complimentary VIP Coupon Book worth hundreds of dollars in extra savings,” said Paragon Outlets Livermore Valley Assistant General Manager Dave Ackerman.

About Paragon Outlets Livermore Valley Located on Interstate 580 at the El Charro Road exit in Livermore, Ca., Paragon Outlets Livermore Valley proudly serves the Greater San Francisco Bay region. Celebrating its grand opening in November of 2012, Paragon Outlets Livermore Valley is home to 130 leading designer and top brand name stores including Bloomingdale’s, The Outlet Store, Last Call by Neiman Marcus, Saks Fifth Avenue OFF 5TH, Armani Outlet, Barneys New York Outlet, Burberry, Coach Factory, DKNY, Elie Tahari, Kate Spade New York, J.Crew, Michael Kors, Prada, Polo Ralph Lauren and Tommy Hilfiger, among many more, which offer savings of 25% to 65% every day. For more information about Paragon Outlets Livermore Valley including a complete merchant directory, shopping hours and driving directions please visit www.paragonoutletsLV.com or contact the outlet center’s Management Office at 925.292.2868.

About Paragon Outlet Partners Headquartered in Baltimore, Paragon Outlet Partners is a commercial real estate development firm operated by a seasoned team of former Prime Retail executives with outlet center development projects serving the Dallas/Fort Worth and San Francisco regions along with a retail and entertainment complex in the Orlando market. Its parent company, The Lightstone Group, is one of the largest privately held real estate companies in the U.S. with a diversified portfolio of retail, hospitality, office, industrial and residential real estate assets, including more than 8.1 million square feet of commercial space and more than 11,000 multi-family units in 19 states. Paragon Outlet Partners’ upscale merchant portfolio includes top designer and leading brand names Saks Fifth Avenue OFF 5TH, Last Call by Neiman Marcus, Bloomingdale’s, The Outlet Store, Barneys New York Outlet, Coach Factory, Michael Kors, Nike Factory Store and Tommy Hilfiger, among many more. For more information, visit www.paragonoutlets.com.

Article source: http://newark.patch.com/articles/paragon-outlets-livermore-valley-set-to-open-ba562f87

A trio of new shops hits the Bay Area this weekend

Sun, 05 Aug 2012 00:11:18 +0000

The local retail scene is heating up, and it’s not even mid-August. This weekend alone, three new Bay Area shops make their official debut. While the vibe is decidedly different from store to store, a focus on independently-designed goods and socially responsible business methods is a common thread that runs through each.

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3 new boutiques

A trio of new boutiques celebrate openings in the Bay Area this weekend.

A shopper peruses the racks at Wild Feather. (Jennymay Villarete, www.jvillaretephotography.com)

Wild Feather’s vintage belt buckles (Jennymay Villarete, www.jvillaretephotography.com)

Faux fur vests hang from the racks at Wild Feather. (Jennymay Villarete, www.jvillaretephotography.com)

Earrings on display at Wild Feather (Jennymay Villarete, www.jvillaretephotography.com)

Loakal pops up in Oakland this weekend.

Woman’s tee by Oakland label fiftyseven-thirtythree

BeGood co-owners Mark Spera and Dean Ramadan (Jennymay Villarete, www.jvillaretephotography.com)

Colorful, casual apparel hangs from the racks at BeGood, a new store opening this weekend on Union Street that stocks a variety of clothing, accessories and gift items by brands with ties to environmental and humanitarian causes. (Jennymay Villarete, www.jvillaretephotography.com)

Dress shirt by Read’s Clothing Project

FashionAble’s scarves for men and women

Wild Feather: Celebrating its grand opening on Haight Street with discounts during the day and a party starting in the evening this Saturday, this new San Francisco boutique is stocked with an eclectic mix of items from Bay Area designers such as Tamo Design, Sonas Denim, Fluidance, SuperSugarRayRay, Kayo Animae, SilverLucy Design and Miranda Caroligne. In keeping with the surrounding neighborhood, expect a bohemian vibe to the offerings, as well as many one-of-a-kind clothing items and accessories. 593 Haight St., SF.

Loakal: Also opening its doors this weekend in Oakland, this pop-up art gallery and boutique is a collaborative project led by Lower Nob Hill gallery Spoke Art, clothing label fiftyseven-thirtythree and the East Bay Express. Timing its first days to coincide with Oakland’s First Fridays Art Murmur and the Art Soul Festival, both worthy events taking place this weekend, the space will offer apparel, accessories, art and other goods from a roster of of small, independent names that includes Ana Apple, Ezme, the Rebicyclist, Korrupt Label, Intwined, Pretty Fun, Nous Savons and others.

“We get to have the space for just the month of August, but we are pushing to make it a long term gig,” reports fiftyseven-thirty-three’s Loretta Ngyuen.

BeGood: This Marina neighborhood newcomer from co-owners Dean Ramadan and Mark Spera intrigues with its promise of stocking men’s and women’s apparel and accessories from brands aligned with a variety of environmental and humanitarian causes. In a store space outfitted with sustainable wood (of course!) floors and eco-friendly fixtures, racks and shelves are populated with wearables from 35 brands, including eco-friendly Palo Alto label Amour Vert, scarves by FashionAble, a non-profit whose projects help create sustainable businesses for women in Africa; men’s dress shirts from Read’s Clothing Project, which donates a book to a child in need for every shirt sold; and water bottles by Miir, a company that pledges to provide clean water for a year to one individual for every bottle it sells. An opening event on Saturday will offer special discounts. 2127 Union St., SF. www.begoodclothes.com.

Article source: http://blog.sfgate.com/chronstyle/2012/08/03/a-trio-of-new-shops-hits-the-bay-area-this-weekend/

Bay Area Based Mr. Pickle’s Inc. Catches a Wave Into Surf City USA

Mon, 14 Nov 2011 17:54:14 +0000

Huntington Beach, CA, November 14, 2011 –(PR.com)– Bay Area based Mr. Pickle’s Inc. announced today the grand opening of its third Mr. Pickle’s Sandwich Shop in Southern California. The newest San Franciscan Deli style inspired sandwich shop is located on the corner of Beach Boulevard and Warner Avenue, in the Plaza at Huntington Beach.

“We are excited to introduce Surf City USA to our quality sandwiches and we believe this location is going to be extremely popular,” says Mike Luzzi, franchise owner of the Huntington Beach and Lake Forest Mr. Pickle’s Sandwich Shops. “The intersection of Beach Boulevard and Warner Avenue is the second busiest intersection in Orange County. Over 107,000 cars pass through here daily!”

The opening of the Huntington Beach location marks the thirty-fifth sandwich shop for Mr. Pickle’s, which is preparing for rapid expansion in Southern California as well as neighboring states. Luzzi himself is planning to open at least three additional Mr. Pickle’s Sandwich Shops within the next nine to twelve months. The Mr. Pickle’s Sandwich Shop in Lake Forest opened in September 2010 and has outperformed revenue forecasts from day one.

The key will be finding the right locations in the right markets.

“This location is exactly what we look for – a second-generation, quick-serve space with significant business and residential density,” says Steve Williams, Director of Real Estate for Mr. Pickle’s Inc. “With a fifteen-story office building, a Bally’s Total Fitness and a Regency Theaters located on the property along with nearby schools and residences, the potential here is amazing! Until now, the property lacked a suitable fast-casual restaurant option. Once people enjoy one of our sandwiches, delivered with our uncompromising service in a comfortable atmosphere, they’ll be hooked!”

The new Huntington Beach Mr. Pickle’s Sandwich Shop is located at 7862 Warner Avenue. The two additional Southern California Mr. Pickle’s Sandwich Shops are located at 23591 Rockfield Boulevard in Lake Forest and 24427 Crenshaw Boulevard in Torrance, within the Torrance Crossroads Shopping Center.

For more information on Mr. Pickle’s, please visit www.mrpicklesinc.com.

About Mr. Pickle’s
With the first store opening in 1995 in San Mateo, California, Mr. Pickle’s Sandwich Shop serves the fast-casual restaurant market-segment where customers demand more than “fast food” but, without the price point of “casual dining.” The trademark of a Mr. Pickle’s Sandwich Shop is quality food, next-level service and a comfortable atmosphere with San Franciscan Deli style inspired sandwiches that are made to order with high-quality meats, served on delicious, freshly-baked artisan breads. Come experience what sets Mr. Pickle’s apart and keeps customers coming back for more.

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Article source: http://www.pr.com/press-release/368897