Posted Jan 8, 2015, 5:15 PM
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Registered User
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Join Date: Jul 2011
Location: San Francisco
Posts: 613
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Lumina is getting a grocery store next year:
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The burgeoning high-rise enclave growing between the future Transbay Transit Center and Rincon Hill will get its first grocery store, a locally owned market on the ground floor of the 656-unit Lumina condo development at Main and Folsom streets.
The 9,500-square-foot store, Market on Main, won’t open for a year, but it will start off a new pedestrian-oriented Folsom Street, which city planners are billing as a boulevard of bike lanes, retail shops, wide sidewalks, pocket parks and ample greenery. It’s a sign that the area is on its way to becoming a neighborhood.
Carl Shannon, senior managing director of Tishman Speyer, which is developing Lumina, said a grocery store has been a top priority for residents in existing neighborhood towers.
“When we talked to residents at the Infinity, the thing that really jumped out was that everyone said we really need a market where we can get prepared food and high-quality groceries we can take upstairs and cook,” Shannon said. “San Francisco is a very food-driven culture, and our residents are no exception to that.”
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And condo sales have been strong so far:
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So far, sales in Lumina have been brisk, with 176 units in contract since the sales center opened three months ago. They are not cheap — averaging close to $1,400 a square foot. The first structure in the four-building complex, a 71-unit mid-rise at 318 Main St., is sold out and will open in July. So far, more than 80 percent of buyers have come from the Bay Area and about 50 percent already live in San Francisco.
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