Tishman Speyer and China Vanke Break Ground on LUMINA, New Luxury Condominiums on San Francisco’s Waterfront
Award-winning architect Bernardo Fort-Brescia of Arquitectonica, designs two towers housing 655 condominiums, retail space, amenities and parking
Project helps meet demand for housing in San Francisco’s tight real estate market
The Bernardo Fort-Brescia | Arquitectonica-designed LUMINA is a community of 655 luxury condominium residences being developed by Tishman Speyer and China Vanke (Photo: Business Wire)
June 26,2013 04:00 PM Eastern Daylight Time
SAN FRANCISCO–(BUSINESS WIRE)–Tishman Speyer and China Vanke today unveiled LUMINA, San Francisco’s newest large-scale luxury condominium project, located at Main and Folsom Streets. Designed by the award-winning Bernardo Fort-Brescia of Arquitectonica, LUMINA is a community of 655 luxury condominium residences with retail and parking where SOMA meets the waterfront.
“The dramatic transformation of the San Francisco skyline on the waterfront, SOMA and bordering neighborhoods continues with the addition of LUMINA”
LUMINA is the only luxury, large-scale condominium project breaking ground in San Francisco during 2013. Construction is set to begin immediately with the sales center opening in summer of 2014.
“The dramatic transformation of the San Francisco skyline on the waterfront, SOMA and bordering neighborhoods continues with the addition of LUMINA,” said Tishman Speyer Co-CEOs Jerry and Rob Speyer. “It follows on the heels of The Infinity, our enormously successful project next door, and promises to be one of the city’s residential crown jewels when completed.”
LUMINA will feature two residential towers that reach 350 and 400 feet tall; and two mid-rise podium buildings arranged around a landscaped central courtyard. Its curved floor-to-ceiling windowed walls will provide striking city and bay views and offer an array of luxurious amenities. The LUMINA site is ideally located close to jobs, transportation and city attractions.
“This is our first investment in North America and we’re thrilled to be part of such an iconic real estate development in San Francisco,” said Wang Shi, Chairman and Founder of China Vanke Co., Ltd. “It’s more than a residence; it’s a central development in the heart of San Francisco. The waterfront and SOMA areas continue to lead with architectural feats such as The Infinity, The Ferry Building and soon the newly-renovated SFMOMA. We’re excited to be part of such a vivacious and culturally rich area.”
“With 655 new units of housing, the new LUMINA development brings together Tishman Speyer and China Vanke to invest in San Francisco,” said Mayor Ed Lee. “We are once again bringing new investment to the SOMA neighborhood, increasing the housing stock in our City and creating over 1000 jobs during construction.”
LUMINA Brings Living into a New Light
Situated near San Francisco’s vibrant downtown, the sparkling waterfront, AT&T Park, South Beach and Rincon Hill, LUMINA is a bright, warm and modern residence. Floor plans include studio to three-bedroom layouts averaging 1,275 square-feet of spacious living. Representing the best of urban luxury living, LUMINA offers an array of luxurious amenities including spa-like facilities with a private treatment room; a three-level urban clubhouse with outdoor entertaining area and BBQ; a theatre-style private screening room; a music room to practice; a game room; a pet washing station; a children’s room to entertain kids and meet other families; secure bike storage, a bike repair room and more.
Architect Bernardo Fort-Brescia, principal of Arquitectonica, has a proven track record of fresh innovative designs which is demonstrated in The Infinity, his first project with Tishman Speyer. LUMINA will share a similar look and feel to The Infinity but will have distinct differences inside and out.
“LUMINA is the next generation Infinity. The design is inspired by the nautical nature of the city by the bay,” said Bernardo Fort-Brescia, principal of Arquitectonica. “The towers’ shapes are like hulls in a shipyard coming together. And the curved glass facades make up tower geometries, separating to create projecting balconies. The towers bypass one another, rising from a sprawling podium rooftop garden to clearing views of the bay and city skyline.”
LUMINA will offer the latest in valet technology where residents may summon their car remotely at any time. Each residence will have a parking space with the luxury of 24/7 valet service for residents and their guests. Electric vehicle charging stations also will be available to residents.
Two commercial spaces will be available at LUMINA. A 9,500 square-foot space along Folsom Street is envisioned for a restaurant or upscale market; and a 1,000 square-foot space at Folsom and Beale Streets is envisioned as a café.
LUMINA is a joint venture between two of the leading owners, developers, operators and fund managers of real estate in the world, New York-based Tishman Speyer and China Vanke Co., Ltd. LUMINA will be managed and developed by Tishman Speyer, with China Vanke participating as a venture equity partner. Tishman Speyer assembled an unparalleled team of architects, designers, builders and consultants to take LUMINA from conception to completion. Team members include interior designer II BY IV DESIGN; landscape architecture Pamela Burton & Company; construction management by Lend Lease; and an institutional investor represented by Cornerstone Real Estate Advisers.
LUMINA represents the best of urban luxury living. Located at Main and Folsom Streets where SOMA meets the waterfront, LUMINA offers 655 luxury condominiums with dramatic city and bay views and luxurious amenities, including a three-level urban clubhouse with pool, state-of-the art fitness center, sky terrace esplanade with an outdoor living room and a complete array of services. For more information, please visit www.luminasf.com.
ABOUT CHINA VANKE CO. LTD.(www.vanke.com)
China Vanke was founded in 1984 in Shenzhen, the People’s Republic of China. It is currently the largest specialized residential property developer in the country. China Vanke has, so far, developed residences for over 400,000 households in the PRC, and has provided property management services to about 200 residential communities. Over the past 29 years, China Vanke has become one of the most respected real estate developers in the country with annual sales of over RMB100 billion.
ABOUT TISHMAN SPEYER (www.tishmanspeyer.com)
Tishman Speyer is one of the leading developers, owners, operators, and asset managers of first class real estate worldwide. Active across North America, Europe, South America and Asia, Tishman Speyer is relied upon by many of the world’s most prestigious corporations to meet their office space needs. As of March 31, 2013, the firm had acquired, developed and/or managed a portfolio of over 123 million sq. ft. with a total value of over USD $64.4 billion since its founding in 1978. Signature assets include New York’s Rockefeller Center and the Chrysler Center, São Paulo’s Torre Norte, Ventura Corporate Towers in Rio de Janeiro, and OpernTurm in Frankfurt. Tishman Speyer also has projects at different stages of development currently in Brasília, Chengdu, Frankfurt, Gurgaon, Hyderabad, Paris, Rio de Janeiro, São Paolo, San Francisco, Shanghai, Suzhou and Tianjin.
Source: Business Wire http://www.businesswire.com/