The Mark Company Launches Residential Developments with Over $1 Billion in Projected Sales Volume During First Half of 2016
The Mark Company announced outstanding results for the first half of 2016 in the highly competitive West Coast condominium markets. Lead by President Alan P. Mark, The Mark Company, the West Coast sales and marketing firm has launched four new residential developments in San Francisco since the beginning of the year. Its new developments include the highly anticipated 181 Fremont Residences, The Harrison, 450 Hayes and 388 Fulton, with projected total sales volume of over $1 billion. At 450 Hayes and 388 Fulton, TMC put nearly 60 percent of the 97 total market rate homes into contract within the first 60 days of launch.
In addition to successful sell outs at 400 Grove in San Francisco and SL70 in Los Angeles’s Silver Lake district, the firm was recently selected to execute sales and marketing for three other upcoming San Francisco developments. These include The Austin, 103 homes in the sought-after Civic Center neighborhood, LagunaHayes, 29 residences in popular Hayes Valley and 119 7th Street, 39 residences in the desirable South of Market neighborhood near the Mid-Market technology hub. The firm is expected to announce at least two additional project wins this summer.
The Mark Company reports these recent successes as the urban West Coast real estate markets continue to thrive due to strong demand and limited inventory. In San Francisco, there are 341 additional new condominiums expected to come to market by the end of 2016, joining the current inventory of just over 1,200 new condominiums available today. With the Bay Area and San Francisco’s healthy economy continuing to attract new residents, the number of home seekers far outweighs the number of homes needed to house them. Recently, The Mark Company added Sandra Eaton as new vice president of sales and promoted Matt Dietsch to senior director of developments to support its increasing portfolio and growth goals.