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About 2,175 units are ready for move-in, with 543 of 25 percent, classified as "affordable housing." At the highefr end is Radiance atMission Bay, from , the largestf housing developer in Mission Bay. Locatexd south of Mission Creek, Radiance is the firsty of seven condo projects Bosa plans at Mission Bay andthe neighborhood'sw first upscale residential development. Some 317 units are undet construction. The first 99 units will be ready next Bosa touts Radianceas family-friendly, with units having one-third more squarw footage -- up to 1,990 squaree feet -- than comparable buildings, and balconies roomy enougj to entertain on.
Pricing starts from the high $600,000s for one-bedrooms to $1.9 millionm for townhomes. Others are targeting more budget-minded North of Mission Creek is developedby Seattle-based and ready for move-in next The 269-unit building at 333 Berryy St. is the San Francisco' s first officially green-certified high-rise because of its use of eco-friendlyh bamboo and cork floors, tile made from old glasa bottlesand energy-efficient windows and lighting.
According to Intracorop PresidentDean Givas, Arterra is targetefd to the cost-conscious looking for a place in the "We don't have any official affordables housing but we made the units smaller to help keep the price points down," he "For example, we offer a two-bedroom, one-bathu instead of a two/two so peopl e can still get a two-bedroom but pay Compared with Mission Bay's overall average of 1,200 square feet per unit, Arterra'sz average is 840 square feet. One-bedrooms, starting in the low range from 594 to 857square Two-bedrooms start in the high $700,000s and average 940 square feet.
To accommodate guests, Arterra built guesf suites forthe buildings' homeowneras associations that tenants can reservee for guests. Givas sees the most demanc coming from people in the South Bay andEast Bay, mostlty first-time homebuyers. "A lot of the couples have at least one persobn workingdown south, so the 280 and Caltrain access was important to he said. Arterra is 40 percent pre-sold and expectw to sell 75 percent by theofficial opening. Cost-consciousa tenants are also interesting developers buildinbrental units. San Mateo's , whicgh opened the Edgewater at 355 Berry Stin August, is targetingt the same market as Arterra with its 193 one- and two-bedrooms rentals.
"Interest ranges from the entry-leve l worker right out of college workinhgat UCSF's campus to retired couples paring down their said vice-president Daniel Deibel. "But the young professionals are definitelu going for the smaller The studiosand one-bedrooms, comprising 70 percentr of Edgewater's mix, range from 550 to 1,000 square feet. "We opened on Aug. 15 and now a monthj later, we have 121 leases out of 193 said Deibel. "We had 88 move-inss in a 35-day period, so we are meetin a pent-up demand for housing here.
" Edgewaterd rents between $1,975 to over $3,000 a Urban Housing Group is now working on 555Missioh Rock, a higher-end, mixed-used building next door to the UCSF campus in Missioh Bay. What is affordable? Jennifer Pratt, directoe of operations for biotechfirm , which is headquartere d on Owens Street in Missiomn Bay, said developers' efforts have done littlw to help her employees find "We're the first private biotech company in Missiob Bay, working closely with UCSF, but it'e hard to recruit research assistants and research associates," she "Their salaries don't go aboves $75,000, so they're having a hard time findinvg housing around here.
" Pratt said that when Five Prime movedd from South San Franciscoo to Mission Bay in late 2005, it lost four employees due to the "It's only an eight-mile difference, but driving here, much less livingh here, is difficult. Recruiting is definitely a given the other biotech companies in SouthSan Francisco."
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