Here's what $41M will buy you in the OMA-designed Avery tower in SF

Developer Related California is looking to ride the wave of recent record-breaking penthouse mega deals. Following a $55 million penthouse sale at 70 Vestry in New York and a $35 million deal at The Century in Los Angeles—both Related properties—the developer is aiming to fetch $41 million for a top-floor residence in The Avery, a 618-foot residential tower designed by Rem Koolhaas' OMA.

The 8,482-sf penthouse on the 56th floor is actually two units that would be combined (for the right buyer) to create a glass-encased, full-floor dwelling with a 1,580-sf private rooftop deck and panoramic views of the San Francisco Bay, the Bay Bridge, and the skyline.

According to Related, the penthouse will offer four bedrooms, six bathrooms, two powder rooms, a dedicated library, media room, gym, family room, and formal living and dining rooms.

OMA, courtesy Related California

The buyer can customize the rooftop space with amenities like a yoga deck, garden, dining area, and lounge. The space will be encased in double-height glass curtain wall for comfort and expansive views. The main penthouse spaces will feature floor-to-ceiling windows.

More from Related:
The north side of the penthouse will feature premium entertaining spaces replete with a private dining room, living area with floor-to-ceiling windows, an expansive bar and secondary service kitchen. To the west are three separate bedrooms with en-suite bathrooms, providing access to the secondary service kitchen, laundry facilities and a separate entrance, ensuring privacy for residents and their visitors.

The south side, designed for intimate everyday living, features a family room, gym and sauna, a luxurious kitchen and dining area, a walk-in pantry, and an oversized island for cooking or casual dining. The master suite includes two generous master baths and walk-in closets, two lounge areas and windows throughout to showcase stunning views.

OMA, courtesy Related California

Roughly one in three office buildings in the largest U.S. cities are well suited to be converted to multifamily residential properties, according to a study by global real estate firm Avison Young. Some 6,206 buildings across 10 U.S. cities present viable opportunities for conversion to residential use.

The Shipyard Condos

Multifamily Housing | May 19, 2023

Biden administration beefs up energy efficiency standards on new federally funded housing

The Biden Administration recently moved to require more stringent energy efficiency standards on federally funded housing projects. Developers building homes with taxpayer funds will have to construct to the International Energy Conservation Code (IECC) 2021 for low-density housing and American Society of Heating, Refrigerating and Air-Conditioning Engineers ASHRAE 90.1 for multi-family projects.

Shear Wall Selection for Wood-Framed Buildings

From wall bracing to FTAO, there are many ways to secure the walls of a building. Learn how to evaluate which method is best for a project.

A woman uses her iPhone to access the elevator and her apartment door.

The Key To Multifamily Access Control — Consistent Resident Experiences

Explore the challenges of multifamily access control and discover the key to consistent user experiences with a resident-first approach and open platforms.

Affordable Housing | May 17, 2023

Affordable housing advocates push for community-owned homes over investment properties

Panelists participating in a recent webinar hosted by the Urban Institute discussed various actions that could help alleviate the nation’s affordable housing crisis. Among the possible remedies: inclusionary zoning policies, various reforms to increase local affordable housing stock, and fees on new development to offset the impact on public infrastructure.

Multifamily Housing | May 16, 2023

Legislators aim to make office-to-housing conversions easier

Lawmakers around the country are looking for ways to spur conversions of office space to residential use.cSuch projects come with challenges such as inadequate plumbing, not enough exterior-facing windows, and footprints that don’t easily lend themselves to residential use. These conditions raise the cost for developers.

Rendering of Class A apartment building in Metuchen, N.J, that replaces a factory-warehouse.

Multifamily Housing | May 12, 2023

An industrial ‘eyesore’ is getting new life as an apartment complex

The project, in Metuchen, N.J., includes significant improvements to a nearby wildlife preserve.

Aegis Living Lake Union senior living community in Seattle aims to be world’s first to achieve Living Building Challenge designation

Senior Living Design | May 8, 2023

Seattle senior living community aims to be world’s first to achieve Living Building Challenge designation

Aegis Living Lake Union in Seattle is the world’s first assisted living community designed to meet the rigorous Living Building Challenge certification. Completed in 2022, the Ankrom Moisan-designed, 70,000 sf-building is fully electrified. All commercial dryers, domestic hot water, and kitchen equipment are powered by electricity in lieu of gas, which reduces the facility’s carbon footprint.