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The Mark Company’s project is the Dogpatch’s hottest

Dogpatch’s only condo project selling fast in DM Development’s 815 Tennessee

After sales launched two months ago, buyers have already snapped up a third of the condos in 815 Tennessee — the only new condo project on the market in San Francisco’s Dogpatch neighborhood.

Some homes in the $60 million, 69-unit complex, from DM Development, are priced starting at $885,000 for a one-bedroom and $1.3 million for a two-bedroom. While the average unit runs around $1,300 per square foot, some have gone for $1,700 per square foot, said Mark MacDonald, principal with DM.

“The market for new for-sale homes in San Francisco is still quite strong and despite the most recent deliveries, there’s still a lack of inventory in neighborhoods like Dogpatch,” MacDonald said. “We don’t have any direct for any new for-sale product and we’re not unhappy about that at the moment.”

The developer is wrapping up the final touches on 815 Tennessee with residents beginning to move in early next year. The project reconfigured the former Bowie Switch Company factory into a five-story residential building donning the original brick façade.

Read this on San Francisco Business Times