Equity Residential’s 340 Fremont apartment complex has received a “Deal of the Year” Award by the San Francisco Business Times. The award honors the “biggest, boldest, and most creative real estate deals done in the Bay Area in 2016,” according to the newspaper.
Since opening in July, the project has been well received by Bay Area residents, says Jim Kelly, first vice president of development for Equity Residential. Ninety-one percent of the building’s 348 residences are leased. Located on Rincon Hill, the 40-story 340 Fremont offers studios and one-, two-, and three-bedroom units, with current lease rates starting at $3,200 for studios to $5,975 for two-bedroom/two baths.
In addition to dramatic water and skyline views, the building’s ninth-floor amenity deck has a club lounge with demonstration kitchen, a fitness center open 24/7, and an outdoor yoga studio. There’s also an outdoor grilling area, bike storage, rental electric-vehicle stations, and a 24-hour concierge for residents. Many of the apartments have private patios and terraces, with large floor-to-ceiling windows, hardwood flooring, and open-concept living spaces.
“We are clearly honored to be recognized in this competition, especially given the caliber of participants,” acknowledges Kelly. “We worked tremendously hard to deliver an exceptional residential community within a challenging urban infill location.”
The project’s architectural and interior design were done by Handel Architects, with landscape design by Cliff Lowe Associates. Suffolk Construction served as the general contractor.
