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Related California surpasses 100-lease milestone at Avery 450

Avery 450 hits 40 percent leasing mark with over 100 exquisite luxury apartments less than 90 days after opening.

Related California, the West Coast affiliate of the nation’s largest privately-owned real estate firm, Related Companies, is pleased to announce that the luxury apartments at Avery 450 have surpassed the 100-lease milestone. Less than 90 days after opening and the start of move-ins at Avery 450, the luxury rental component of The Avery, a striking 56-story sculpted glass tower designed by Pritzker Prize-awarded Rem Koolhaas’ Office of Metropolitan Architecture (OMA), has leased more than 40 percent of its apartments.

“Achieving this milestone so soon after opening is a testament to Avery 450’s exceptional design, one-of-a-kind elevated lifestyle and ideal location in the Transbay District, and our team couldn’t be more pleased,” said Gino Canori, executive vice president and chief development officer at Related California. “Our distinctive apartments, signature service and amenities are unmatched in San Francisco and Avery 450 affords our discerning renters⁠—many of whom work in the neighborhood⁠—the chance to live an extraordinary lifestyle.”

Avery 450 features studio, one- and two-bedroom apartments on floors 2-32 of the soaring 618-foot tower. Featuring unprecedented amenities and services as well as rich interiors by Clodagh Design, the apartments include expansive floor-to-ceiling windows that maximize natural light and take in sweeping views of the San Francisco Bay and city skyline.

The distinctive apartments feature wide-plank white oak flooring throughout, keyless entry, Nest thermostats and premium Bosch appliances, including a washer and dryer in every apartment. Open gourmet kitchens are appointed with white quartz counters and full-height Carrara marble tile backsplashes atop custom Clodagh-designed walnut cabinets. Inspired bathrooms boast walnut vanities with polished white quartz counters and polished chrome fixtures, full-height textured porcelain tile tubs, mirrored medicine cabinets and porcelain tile floors.

Two sprawling floors of dedicated amenity space span across 25,000 square feet, offering an array of health, recreation and entertainment spaces. The extensive suite of amenities include a state-of-the-art fitness center, 60-foot indoor lap pool, a professional grade demonstration kitchen, media lounge and game room, business lounge with private conference rooms, landscaped outdoor terrace with barbecue and dining areas and more. Avery 450 offers residents unparalleled service and hospitality with a 24/7 attended lobby with concierge, home manager and move-in coordination from Life Simplified by Related and Hello Alfred and on-site valet parking.

Steps from Avery 450 is The Shops at Avery Lane, a thoughtfully curated collection of first-rate partners that will occupy 17,000 square feet of retail amidst a captivating courtyard, delivering the ultimate upscale neighborhood experience. Located only two blocks from the new Salesforce Transit Center and 5.4-acre Salesforce Park, and within walking distance to some of the world’s most influential corporations from Facebook and Google to WeWork and Amazon, Avery 450 provides convenient access to the new pulse of San Francisco as well as access to fine dining, world-class shopping, entertainment, culture and sports venues.

The building makes an architectural statement in the city’s skyline thanks to the visionary work of OMA and represents the firm’s first-ever high-rise in San Francisco. Starting from an inviting ground floor presence accented by Portuguese limestone and bronze details, the tower boasts a striking glass façade that tapers at specific angles as it rises and provides homes with endless views in virtually every direction. Related Companies’ commitment to sustainability is demonstrated in the building as it anticipates LEED Gold Certification. Related Companies’ standard is to offer the latest in sustainable solutions, making it easier for residents to reduce their footprint through features that include an automated tri-sorter waste management system, an electric vehicle car share program by Envoy, a greywater system that utilizes water from vanities and showers to irrigate exterior landscaping, a low-e curtain wall façade system to minimize infrared/ultraviolet light and heat gain and more.

Avery 450 is located at 450 Folsom Street. Available apartments are priced starting from $3,750 for studios, $4,845 for one-bedrooms and $6,750 for two-bedrooms. For more information, visit www.Avery450.com, follow along @TheAverySF or contact the Leasing Office at (415) 228-8910.

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About Related California:
Related California, the West Coast affiliate of Related Companies, is a fully integrated real estate firm that develops multifamily residential and mixed-use properties in California. Related California has a long history of community partnership, having collaborated with more than 35 municipalities and over 25 non-profit organizations throughout California.

Related California is currently developing more than $2 billion of assets in San Francisco, including The Avery, Mason on Mariposa and 1500 Mission. Combined, this includes nearly 1,500 residential units, 75,000+ square feet of retail and a 460,000-square-foot office building, which will be owned by the City and County of San Francisco. Related California is also embarking on the development of CityPlace in Santa Clara, a nine-million-square-foot master plan that will include office, retail, hotel and residential across from the 49ers new stadium. Additionally, Related California recently delivered Argyle House, an 18-story luxury apartment tower, in Hollywood adjacent to the landmark Capital Records building and is also developing The Grand, a 1.5-million-square-feet open air mixed-use complex designed by Frank Gehry in downtown Los Angeles.

About Related:
Related Companies is a global real estate and lifestyle company defined by innovation and the most prominent privately-owned real estate firm in the United States. Formed over 40 years ago, Related is a fully-integrated, highly diversified industry leader with experience in virtually every aspect of development, acquisitions, management, finance, marketing and sales. Headquartered in New York City, Related has offices and major developments in Boston, Chicago, Los Angeles, San Francisco, South Florida, Washington, D.C., Abu Dhabi and London, and boasts a team of approximately 4,000 professionals. With over $60 billion in assets owned or under development including the 28-acre Hudson Yards neighborhood on Manhattan’s West Side, The Grand and Related Santa Clara in California and The 78 in Chicago. Related was recently named to Fast Company Magazine’s list of the 50 Most Innovative Companies in the World. For more information about Related, please visit www.related.com.

CONTACTS:
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