realestate

Lennar readies Treasure Island apartment complex for San Francisco debut

Pre-leasing begins at Hawkins, Treasure Island's second apartment complex, following successful debut of first phase.

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reasure Island's Hawkins apartment complex, developed by Lennar, is now pre-leasing its 178 units. The six-story mid-rise and four-story low-rise are set to be completed early next year, with move-ins following soon after. Units range from studios (450-1,660 sqft) to three-bedrooms, with rents starting at $2,800s for studios, $3,000s for one-bedrooms, $4,000s for two-bedrooms, and $7,200 for three-bedrooms.

    Located at 77 Burton Street, Hawkins is within walking distance of the Treasure Island Ferry Terminal. Amenities include a panoramic view roof terrace with a hammock lounge, 24-hour fitness center, coworking space, and pet spa. The complex's "more intimate design" sets it apart from the island's other market-rate apartments.

    According to Zumper data, Hawkins' rents are significantly higher than San Francisco's average for studios (134% above) and three-bedroom units (150% above). However, one- and two-bedroom units at Hawkins track closely with city averages. The leasing team is targeting single working professionals, couples, and independent creatives.

    Treasure Island Community Development spokesperson noted that the island's collaborative residential community will attract new interest rather than create a competitive marketplace between its various developments. With over 1,200 new homes open or soon-to-be-open on Treasure Island, including affordable housing options, the island is transforming into a vibrant waterfront lifestyle destination just a short ferry ride from Downtown San Francisco.

    The island's first for-sale residences at 490 Avenue of the Palms are set to launch in February, with sales beginning next year. The condo complex will feature studios, one-, two-, and three-bedroom homes, but details on pricing and offerings will be announced later.

Lennar's Treasure Island apartment complex prepares for San Francisco market launch.