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	<title>Silicone Valley Archives - Haute Residence by Haute Living</title>
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		<title>San Francisco&#8217;s Lumina Penthouse Sets New Record with $49 Million Ask Price</title>
		<link>https://dev.hauteresidence.com/san-franciscos-lumina-penthouse-sets-new-record-49-million-ask-price/</link>
		
		<dc:creator><![CDATA[Keith Flamer]]></dc:creator>
		<pubDate>Tue, 03 Mar 2015 14:00:33 +0000</pubDate>
				<category><![CDATA[HLRN]]></category>
		<category><![CDATA[House of the Week]]></category>
		<category><![CDATA[News]]></category>
		<category><![CDATA[Lumina]]></category>
		<category><![CDATA[San Francisco]]></category>
		<category><![CDATA[Silicone Valley]]></category>
		<guid isPermaLink="false">http://dev.hauteresidence.com/?p=1820769</guid>

					<description><![CDATA[<p>The penthouse at San Francisco's future Lumina towers is expected to fetch nearly $50 million—a figure that would set a new city record.</p>
<p>The post <a rel="nofollow" href="https://dev.hauteresidence.com/san-franciscos-lumina-penthouse-sets-new-record-49-million-ask-price/">San Francisco&#8217;s Lumina Penthouse Sets New Record with $49 Million Ask Price</a> appeared first on <a rel="nofollow" href="https://dev.hauteresidence.com">Haute Residence by Haute Living</a>.</p>
]]></description>
										<content:encoded><![CDATA[<p>That rumble you hear in San Francisco’s South of Market district isn’t another California tremor or even the echoes of construction. It’s the city’s record-setting $49 million asking for the penthouse apartment in “Lumina”—a collective of two luxury towers to be completed in the summer of 2016.</p>
<p>Developed by Tishman Speyer, Lumina will house 656 modern units, priced from approximately $2 million for two-bedroom apartments and up. It’s the penthouse on the 41st and 42nd floors of the residential, however, that’s generating all the buzz.</p>
<div id="attachment_1847007" style="width: 1450px" class="wp-caption aligncenter"><a href="http://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM.png"><img aria-describedby="caption-attachment-1847007" class="size-full wp-image-1847007" src="http://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM.png" alt="The Lumina penthouse offers five bedrooms, seven bathrooms, two kitchens, eight terraces and 20-foot-tall ceilings along a curvilinear wall of glass overlooking the Bay Bridge" width="1440" height="960" srcset="https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM.png 1440w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-300x200.png 300w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-1024x683.png 1024w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-720x480.png 720w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-222x148.png 222w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-702x468.png 702w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-180x120.png 180w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-90x60.png 90w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-294x196.png 294w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-351x234.png 351w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-150x100.png 150w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-381x254.png 381w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-590x394.png 590w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-280x186.png 280w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.56.46-AM-341x228.png 341w" sizes="(max-width: 1440px) 100vw, 1440px" /></a><p id="caption-attachment-1847007" class="wp-caption-text"><span style="color: #333333;">The Lumina penthouse offers five bedrooms, seven bathrooms, two kitchens, eight terraces and 20-foot-tall ceilings along a curvilinear wall of glass overlooking the Bay Bridge</span></p></div>
<p>According to the <em>The Wall Street Journal</em>, the roughly 15,000-square-foot penthouse will spectacularly showcase five bedrooms, seven bathrooms, two kitchens(!), and eight terraces covering 1,200-square-feet with private rooftop deck access. The home's pièce de résistance are its astounding 20-foot-tall ceilings coupled with a curvilinear wall of glass overlooking the San Francisco Bay and Bay Bridge.</p>
<p>The Lumina towers will also offer residents amenities such as a fitness center, resident lounge and parking. The only missing amenity is a mobile-app service that delivers organic groceries—no wait, residents will have access to that too!</p>
<div id="attachment_1847009" style="width: 1450px" class="wp-caption aligncenter"><a href="http://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM.png"><img aria-describedby="caption-attachment-1847009" loading="lazy" class="size-full wp-image-1847009" src="http://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM.png" alt="Lumina will occupy the 41st and 42nd floors. It is generating healthy sales and interest from tech executives." width="1440" height="960" srcset="https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM.png 1440w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-300x200.png 300w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-1024x683.png 1024w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-720x480.png 720w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-222x148.png 222w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-702x468.png 702w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-180x120.png 180w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-90x60.png 90w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-294x196.png 294w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-351x234.png 351w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-150x100.png 150w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-381x254.png 381w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-590x394.png 590w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-280x186.png 280w, https://dev.hauteresidence.com/wp-content/uploads/2015/03/Screen-Shot-2015-03-02-at-10.57.15-AM-341x228.png 341w" sizes="(max-width: 1440px) 100vw, 1440px" /></a><p id="caption-attachment-1847009" class="wp-caption-text"><span style="color: #333333;">Lumina will occupy the 41st and 42nd floors. It is generating healthy sales and interest from tech executives.</span></p></div>
<p>The property’s listing agent, <strong>Gregg Lynn</strong> of Sotheby’s International Realty, confirmed to the <em>Journal</em> that the ask price sets a San Francisco record. The newspaper states that nearly one-third of the units are under contract (200 of 656 residences) with 80% of buyers local to the area. However, the booming tech industry means Silicon Valley execs are swirling around the property like sharks after a sea lion San Francisco Bay. Lynn hinted to the <em>Journal</em>, “We see a technology guru buying the unit,” although the penthouse sale hasn't been confirmed.</p>
<p>With tech "gurus" from Google, Facebook, Oracle, Apple, Yahoo, Ebay, Cisco, HP, Zynga, Uber etc. in the area, the bidding could be a heavyweight Silicon showdown (the “Thrilla in the Villa”). It’s likely the actual price could top $49 million. We know how competitive these Silicon Valley geniuses can be. If there’s a win to be had, they will buy it—penthouse or not. Like Wall Street, sometimes, ego is more of a factor than price in Silicon Valley. But here, gurus collect trophies in jeans instead of a suit and tie.</p>
<p><em>Photos and details courtesy of the <a href="http://www.wsj.com/articles/san-francisco-penthouse-under-construction-seeking-a-record-49-million-1424977872?mod=WSJ_3Up_RealEstate" target="_blank">Wall Street Journal</a></em></p>
<p>The post <a rel="nofollow" href="https://dev.hauteresidence.com/san-franciscos-lumina-penthouse-sets-new-record-49-million-ask-price/">San Francisco&#8217;s Lumina Penthouse Sets New Record with $49 Million Ask Price</a> appeared first on <a rel="nofollow" href="https://dev.hauteresidence.com">Haute Residence by Haute Living</a>.</p>
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