Originally listed in 2009 and running headlong into the real estate meltdown, the developers of 1299 Bush Street pulled their prized 26 unit development from the market, while the bank liens stacked up. Re-emerging today with new pricing and a brand spanking new name, Axis-SF.com comes back to market with a mandate – sell em! Price drops from the original price list (picked up by yours truly) are impressive on some of the units. #201 listed as a 1531 square foot 2bd/2.5ba townhouse with decks was priced under Citadine for $1,259,000 and officially hits the MLS today at $1,079,000. Less impressive cuts are the 1bd/1ba 558 square foot #204 listed in 2009 for $495,000 listed today $445,000.
I actually like the building, although acknowledge the location is a bit of no mans land – TenderNob I affectionately called it when I lived a few blocks away; and the uber-modern Scavolini style kitchens are not going to be for everyone.
Citadine Debuts in Lower Nob, Holds Out for Actual Buyers [sf.curbed.com]