SAN FRANCISCO—MIRA recently received its temporary certificateof occupancy and is welcoming new residents who may find thecondominium development a breath of fresh air, literally. The392-residence community located at 260 Spear St. was developed byTishman Speyer.

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"It's a pleasure to watch this community come to life as newresidents move in," Carl Shannon, senior managing director atTishman Speyer, tells GlobeSt.com. "In this difficult time whenpeople are spending more time than ever at home, we're proud thatMIRA offers its residents ample opportunities to get somemuch-needed fresh air without having to leave the community.Between the private balconies featured in the majority of MIRA'sresidences and the 54,000 square feet of open space incorporatedinto MIRA's design, we're happy to see that residents are takingadvantage of these outdoor spaces."

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Models are available for interested buyers to tour privately byappointment or virtual tours of all modelsare also available. Stringent safety protocols are in place toprotect all visitors to the sales gallery and model homes andensure that appointments are private. Located on the 23rd floor ofthe 40-story 400-foot tower, the two-bedroom/two-bathroom modelshave been staged and fully furnished by Jeff Schlarb DesignStudio.

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The development has one-, two- and three-bedroom condominiumsand townhouses. The community's amenities include a courtyard,attended lobby, rooftop deck, private dining and lounge, a fitnesscenter, children's playroom, conference room, dog washing station,valet parking for 340 cars with electric vehicle charging stations,parking for 150 bicycles, and more than 10,000 square feet ofretail at the street level.

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MIRA has access to the waterfront, the Salesforce Park andTransbay Transit Terminal, and an array of retailers, nightlife,restaurants, transportation options, and sports and entertainmentvenues from its location in the Transbay neighborhood.

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MIRA features a tower with large bay windows spiraling up thefacade with views of the bay, the Bay Bridge and the skyline. Itsarchitecture and interiors are designed by Studio Gang led byJeanne Gang, the only architect named to the 2019 TIME 100 list ofmost influential people.

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"Studio Gang designed the homes at MIRA to be a seamlessextension of the architecture," says Shannon.

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Sales at MIRA are represented by Polaris Pacific.

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Despite the ongoing health and economic crisis precipitated byCOVID-19, the San Francisco real estate market made a largerecovery from the steep declines in March and April, according to aJuly report by Compass. The San Francisco median house price hit anew monthly high in June ($1.8 million) and high-end houses inparticular have seen very strong demand–this applies to virtuallyevery market in the Bay Area. More affluent buyers, the demographicleast affected by COVID-19, unemployment, and also having thegreatest financial resources, have been jumping back into themarket to a greater degree than other segments.

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The condo market has been weaker than the house market, asmeasured by both supply and demand metrics and median sales price.It may be that prospective condo buyers, often younger and lessaffluent than house owners, have been more affected by the hugejump in unemployment, according to the Compass report.

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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.