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.

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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

Across the country, multifamily rents have skyrocketed. Year-over-year rents are up by double digits in nine of the top 30 markets, while national YoY rent growth is up 6.3%. Emerging from the pandemic, a perfect storm of migration, enhanced government stimulus and a hot housing market, among other factors, has enabled this extremely strong growth.