News Releases

FOR IMMEDIATE RELEASE

TRUMARK URBAN ANNOUNCES SWIFT SELLOUT OF 91 HOMES AT KNOX IN SAN FRANCISCO IN JUST UNDER TEN MONTHS

The only for-sale residential community in San Francisco’s Dogpatch experiences rapid sellout making it one of the fastest selling communities in San Francisco

San Francisco, Calif. (December 4, 2017)— Trumark Urban has announced the complete sellout of Knox, a mixed-use residential development consisting of 91 condominiums in the heart of San Francisco’s Dogpatch neighborhood. Knox experienced a complete sellout in just under 10 months, making it one of the fastest selling communities in San Francisco since launching sales in March 2017, which were led by West Coast condominium sales and marketing firm Polaris Pacific. Located just steps from the 22nd Street Caltrain station and within a bourgeoning neighborhood brimming with eclectic shops, galleries and eateries, Knox represented the only for-sale residential community in the Dogpatch neighborhood.

“The sales success we experienced at Knox is truly unprecedented and is a key indicator that homebuyers are beginning to recognize the tremendous value of residing in the budding Dogpatch neighborhood central to diverse services, amenities and transit options,” said Arden Hearing, Managing Director of Trumark Urban. “When we identified the location for this project, we saw the limitless potential that the Dogpatch neighborhood held and with limited for-sale housing in the area, we knew that Knox would satisfy the demand for much-needed new housing inventory in the market.”

Located at the corner of 22nd Street and Mississippi Street, Knox is made up of one-, two-, and three-bedroom homes boasting organic modern interiors accentuated by natural elements with an industrial edge. Designed by BDE Architecture, Knox’s architecture and interiors emphasize effortlessly elegant living spaces that are deeply rooted in comfort and composed in organic textures and finishes. The landscaping, designed by Miller Company, features lush plantings in the courtyard and around the building’s exterior, including a butterfly habitat for native butterflies. Additional community amenities include a fitness center, community lounge, green roof and a central courtyard with barbecues, fire pits, and a water feature. Further, there is onsite car and motorcycle parking, personal storage, designated car-share spaces, and bike storage with a bike repair shop.

Trumark Urban has also reached more than 90 percent sold at its other prominent San Francisco project, The Pacific, since launching sales in summer 2016; and sold out of its project in The Mission District, Rowan. The Pacific is a collection of 76 residences located in San Francisco’s prestigious Pacific Heights neighborhood and is considered the crown jewel of Trumark Urban’s portfolio, breaking a price record earlier this year at $3,921 per square foot. Rowan is a residential community consisting of 70 condominiums located in The Mission District boasting an expansive communal rooftop deck with panoramic city views.

“We are extremely proud of everyone involved in the success of this project from our sales and marketing team to our architects, designers, contractors and beyond,” said Gregg Nelson, Co-founder and Principal of Trumark Companies.

About The Trumark Group of Companies

Trumark Urban develops high-density condominiums and commercial projects in global gateway markets with a focus on core urban neighborhoods close to jobs, transit and local businesses. With offices in San Francisco and Los Angeles, the firm has a portfolio of more than 1,000 condominiums and over one million square feet representing more than $1 billion of revenue. www.trumarkurban.com

The Trumark Group of Companies is a diversified real estate developer and builder with expertise in land acquisition, homebuilding, community design, entitlements and office, R&D and retail development. Trumark has raised more than $460 million of equity and funded 25 projects since the depth of the recession in 2009. www.trumarkco.com

Trumark Homes is a visionary, next generation homebuilder with a robust portfolio of new home neighborhoods spanning the state of California. Emphasizing distinction and innovation in every home, Trumark Homes focuses on core infill developments in locations that exhibit strong job growth and provide access to major job centers. www.trumarkhomes.com, TruBlu Blog, Facebook, Twitter, LinkedIn

Trumark Communities is a residential land development platform focused on acquiring, developing and selling improved lots in master planned communities. Its current pipeline includes 1,500+ lots representing total projected revenue in excess of $300 million. Trumark Communities realized lot sales to builders of over $200 million in 2015. www.trumarkcommunities.com

Trumark Commercial, which builds, leases and sells commercial buildings, has entitled or developed approximately two million square feet of office, R&D, retail and hotel properties in the northern portion of the Golden State. www.trumarkco.com