Stage 1075

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SAN FRANCISCO—Pricing is creeping up for condos at Stage 1075, a new 90-unit building at1075 Market, reflecting the growing interest for the development.The building is the first for-sale condo product in the Mid-Market neighborhood.

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The sales process is humming along at 50% sold, on track to sellout by fall 2018, according to SagePoint, the company leadingsales efforts. The project was completed last month.

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The eight-story building features studios, and one- andtwo-bedroom homes ranging from approximately 400 to 1,100 squarefeet. Prices start from the high $500,000s for a studio, low$700,000s for a one bedroom and the low $1 million range for atwo-bedroom home. Stage 1075 has a walk score of 99, bike score of99 and transit score of 100.

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“With the influx of companies and their employees, restaurants,hotels and now the recent announcement of the largest Whole Foodsin San Francisco coming to the corner of 8th and Market, there's anew energy in the neighborhood,” Michelle Antic, principal ofSagePoint. “Because Stage 1075 was the first for-sale condo productin Mid-Market, there wasn't a benchmark on how a product like thiswould do. We're already about 50% sold, with construction justhaving recently been completed and homeowners starting to move in.This all speaks to the confidence people have in the future ofMid-Market.”

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Stage 1075 derives its name from its history, first as avaudeville theater called Grauman's Imperial Theater in 1912, andlater as Premiere Theater in 1929 and United Artists Theater in1931. In 1972, it became Market Street Cinema, a dancing venue,until it closed in 2013.

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Stage 1075 honors the history of the building with a restoredoriginal stained glass window, which will be incorporated into thelobby design. The facade of the building displays a large-scalepublic art piece designed by San Francisco-based blacksmith artistDaniel Hopper. Gizmo Art Production Inc. assisted with thefabrication and installed the piece, which runs vertical from thefourth to the eighth floor.

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Amenities include a lobby attendant, a virtual doorman, LuxerOne package lockers, a rooftop deck with barbecue, lounge seatingand firepits featuring city views, dog run and dog washing station,landscaped courtyard, ground floor retail space, bike storage andmaintenance. The building also offers underground parking.

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Stage 1075 was developed by Encore Capital Management anddesigned by architect Levy Design Partners with the landscapedesigned by Chris Ford Landscape Architecture.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.