Business_news Take a look inside a glittering, $16 million penthouse in the hottest new San Francisco neighborhood that Facebook, Google, and Salesforce call home

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There are six Luxury penthouses on the top floors of The Avery in San Francisco.

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Luxury apartment tower is one of the newest additions to the San Francisco skyline." id="the-avery-luxury-apartment-tower-is-one-of-the-newest-additions-to-the-san-francisco-skyline-1">

Business_news The Avery Luxury apartment tower is one of the newest additions to the San Francisco skyline.

Luxury apartment tower is one of the newest additions to the San Francisco skyline." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d405f54100a243e5c2fbec2-750-563.jpg" data- data-title="">

San Francisco is seen from Treasure Island.

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Business_news It sits at First and Folsom Streets in the recently rebranded East Cut neighborhood south of San Francisco’s Financial District.


Google Maps/Business Insider

market, and South Beach are all within the new neighborhood's 20 blocks." id="the-neighborhood-known-as-the-east-cut-is-actually-a-blend-of-existing-parts-of-san-francisco-portions-of-rincon-hill-south-of-market-and-south-beach-are-all-within-the-new-neighborhoods-20-blocks-3">

Business_news The neighborhood known as the East Cut is actually a blend of existing parts of San Francisco — portions of Rincon Hill, South of market, and South Beach are all within the new neighborhood’s 20 blocks.

market, and South Beach are all within the new neighborhood's 20 blocks." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d518f8dcd97844fa170f46a-750-563.jpg" data- data-title="">


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cars crossing from Oakland into the city, leading to traffic gridlock. Traffic is still an issue in modern-day East Cut." id="before-the-areas-recent-redevelopment-it-was-largely-known-for-its-cluster-of-industrial-buildings-and-for-being-where-the-bay-bridge-spat-out-cars-crossing-from-oakland-into-the-city-leading-to-traffic-gridlock-traffic-is-still-an-issue-in-modern-day-east-cut-4">

Business_news Before the area’s recent redevelopment, it was largely known for its cluster of industrial buildings and for being where the Bay Bridge spat out cars crossing from Oakland into the city, leading to traffic gridlock. Traffic is still an issue in modern-day East Cut.

cars crossing from Oakland into the city, leading to traffic gridlock. Traffic is still an issue in modern-day East Cut." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d51b4aacd9784497d6ae355-750-563.jpg" data- data-title="">

A scooterist looks at his phone as he waits for the light to turn green in San Francisco’s East Cut neighborhood.

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Business_news But now, the neighborhood is home to some of the city’s — and country’s — largest tech companies. Big tech companies, including Salesforce and Google, are mere blocks away from the Avery’s doorstep.


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Business_news And the city’s $2.2 billion Salesforce Transit Center is also situated within the neighborhood’s limits.


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Business_news Another defining characteristic of the East Cut is its menagerie of sleek high-rise glass towers that loom overhead, like the Avery building.

Above: some of the towering complexes that populate the East Cut.

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Luxury condos." id="and-some-of-the-high-rises-house-residences-the-area-has-seen-6000-housing-units-built-in-recent-years-many-of-which-are-luxury-condos-9">

Business_news And some of the high-rises house residences. The area has seen 6,000 housing units built in recent years, many of which are Luxury condos.

Luxury condos." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d518f4c3e0b7b7fe359dc92-750-563.jpg" data- data-title="">

An East Cut-branded flag hangs on a light pole with a 40-story Luxury condo high-rise in the background.

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Business_news One such unit is a $15 million condo recently sold at 181 Fremont. You can spot the tower that houses the condo from the formal living area of the $16 million penthouse we toured at The Avery.

The high-rise tower at 181 Fremont in San Francisco is recognizable by its encasement of beams.

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Luxury condo skyscraper has sunk 17 inches since 2009, leading to a slew of concerns among residents and the general public." id="and-the-east-cut-is-also-where-the-infamously-sinking-millennium-tower-is-well-sinking-the-58-story-luxury-condo-skyscraper-has-sunk-17-inches-since-2009-leading-to-a-slew-of-concerns-among-residents-and-the-general-public-11">

Business_news And the East Cut is also where the infamously sinking Millennium Tower is, well, sinking. The 58-story Luxury condo skyscraper has sunk 17 inches since 2009, leading to a slew of concerns among residents and the general public.

Luxury condo skyscraper has sunk 17 inches since 2009, leading to a slew of concerns among residents and the general public." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d519072cd9784155b6c0f36-750-563.jpg" data- data-title="">

The mixed-use tower at 181 Fremont offers Luxury condos in addition to housing a Facebook office.

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Luxury living complexes springing up in the East Cut hoping to attract deep-pocketed tenants with the neighborhood's proximity to some of the country's largest tech companies." id="so-the-avery-is-just-one-of-the-most-recent-luxury-living-complexes-springing-up-in-the-east-cut-hoping-to-attract-deep-pocketed-tenants-with-the-neighborhoods-proximity-to-some-of-the-countrys-largest-tech-companies-12">

Business_news So the Avery is just one of the most recent Luxury living complexes springing up in the East Cut hoping to attract deep-pocketed tenants with the neighborhood’s proximity to some of the country’s largest tech companies.

Luxury living complexes springing up in the East Cut hoping to attract deep-pocketed tenants with the neighborhood's proximity to some of the country's largest tech companies." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d3226b98813a2187a316123-750-563.jpg" data- data-title="">

There are 56 floors in the Avery tower.

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Business_news You’ll find an entrance to the Avery 450 apartments at 450 Folsom St. This is where residents living in the tower’s apartment rentals on floors one through 33 enter their units.


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Business_news There’s also a separate entrance for owners of the for-sale condos that start on floor 33 of the high-rise.


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Business_news There are 118 condos for purchase at The Avery. One-bedrooms cost around $1.8 million, two-bedrooms are priced at $2.5 million, and three-bedrooms are $3.7 million, according to a press release.

The entryway to a half-floor $15.95 million penthouse at The Avery.

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Business_news And then there’s the cluster of luxe penthouses on the top floors, from floor 53 to floor 56.

A rendering of the $41 million top floor penthouse at The Avery.

Courtesy of Related California

Business_news The top floor is home to a $41 million penthouse, which would be one of the highest-priced homes to be sold in San Francisco if it sells for the asking price. A private rooftop deck is one of the many bells and whistles of the unit.

A rendering of the private rooftop deck in the $41 million penthouse at The Avery.

Courtesy of Related California

half-floor penthouses. The one we toured is 4,312 square feet, has three bedrooms, five and a half bathrooms ..." id="on-floor-53-there-are-two-half-floor-penthouses-the-one-we-toured-is-4312-square-feet-has-three-bedrooms-five-and-a-half-bathrooms--19">

Business_news On floor 53 there are two half-floor penthouses. The one we toured is 4,312 square feet, has three bedrooms, five and a half bathrooms …

half-floor penthouses. The one we toured is 4,312 square feet, has three bedrooms, five and a half bathrooms ..." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d31f707b083fb0b09066412-750-563.jpg" data- data-title="">

The formal living area in the half-floor $15.95 million penthouse.

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Business_news … and is priced at $15.95 million.


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Business_news A $16 million price tag may seem steep, but this is San Francisco we’re talking about.


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Luxury high-rise neighbors." id="the-accumulation-of-tech-money-in-san-francisco-has-created-a-demand-for-high-priced-living-at-the-avery-and-in-the-towers-luxury-high-rise-neighbors-22">

Business_news The accumulation of tech money in San Francisco has created a demand for high-priced living, at the Avery and in the tower’s Luxury high-rise neighbors.

Luxury high-rise neighbors." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d322b610c1c391d395bd516-750-563.jpg" data- data-title="">


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half-floor penthouse. The expansive Bay Bridge is in full view through the unit's floor-to-ceiling windows." id="this-is-what-you-see-when-you-first-walk-into-the-averys-half-floor-penthouse-the-expansive-bay-bridge-is-in-full-view-through-the-units-floor-to-ceiling-windows-23">

Business_news This is what you see when you first walk into The Avery’s half-floor penthouse. The expansive Bay Bridge is in full view through the unit’s floor-to-ceiling windows.

half-floor penthouse. The expansive Bay Bridge is in full view through the unit's floor-to-ceiling windows." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d31f6fa8d66420b513d6152-750-563.jpg" data- data-title="">


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Business_news The main room is situated on a corner of the tower, so there’s lots of natural light …


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Business_news … and extraordinary views of both the bay and of downtown.


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Business_news Oracle Park, home to the San Francisco Giants, is in view in the distance also. The ballpark is situated about a 20-minute walk south of The Avery.


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Business_news To the left of the formal living area there’s a library separated by a wall and a fireplace.


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Business_news The interior of the unit was designed by Jay Jeffers, a prominent interior designer based in San Francisco.


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Business_news Rich colors and gold accents are found throughout the space.


Katie Canales/Business Insider

half bathroom leads to the other parts of the penthouse." id="a-hallway-with-a-half-bathroom-leads-to-the-other-parts-of-the-penthouse-30">

Business_news A hallway with a half bathroom leads to the other parts of the penthouse.

half bathroom leads to the other parts of the penthouse." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d3227760c1c391c0f29854e-750-563.jpg" data- data-title="">


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Business_news There are lighting and Nest thermostat controls in the hallway, as well as in other areas of the unit.


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Business_news A sliding door allows privacy, if needed, from the main entertaining area.


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Business_news And through the sliding door is an informal living and dining area.


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Business_news There’s a full gourmet kitchen complete with Miele appliances and marble countertops.


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Business_news The height of the stove hood is adjustable via a panel on its side.


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Business_news And the Bay Bridge can be seen through more floor-to-ceiling windows from the kitchen.


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Business_news Down another hallway is the master suite situated on a corner of the tower.


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Business_news So the views are just as stunning as they are when you first walk in.


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Business_news Here’s one view of the downtown cityscape, including LinkedIn’s black cube-like offices and the rooftop park atop the Salesforce Transit Center.

A view of Downtown San Francisco from the master suite of the half-floor penthouse.

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Business_news And just like in the other rooms, a clear and stunning view of the Bay Bridge can be seen from the master suite.


Katie Canales/Business Insider

Business_news There’s a custom headboard that runs the full length of one wall.


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Business_news And textured wallpaper runs along the walls that aren’t windows.


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Business_news There are two master closets in the master suite.


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Business_news Built-in shelving is already in place.


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Business_news There are also two bathrooms in the master suite.


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Business_news Each is conjoined with a master closet. One bathroom has a shower and the other has a bathtub.


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Business_news The other two bedrooms are down a short hallway.


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Business_news One of these bedrooms is decked out in blue and grey tones …


Katie Canales/Business Insider

Business_news … and the other in a rich wine color.


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Business_news Each bedroom has its own ensuite bathroom.


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Business_news As dazzling as the ultra-luxe penthouse is, there’s a pressing need for affordable housing in San Francisco, a city that is swept up in a crushing housing shortage.


Katie Canales/Business Insider

market rates." id="a-portion-of-the-apartments-on-floors-one-through-31-as-well-the-units-in-an-adjoining-building-are-priced-below-market-rates-52">

Business_news A portion of the apartments on floors one through 31, as well the units in an adjoining building, are priced below market rates.

market rates." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d406cac454a39467e10e692-750-563.jpg" data- data-title="">


Katie Canales/Business Insider

Business_news There will also be shops and restaurants in an area called The Shops at Avery Lane on the same block as the high-rise and the attached building designated for affordable units.


Katie Canales/Business Insider

half-floor penthouse, it and its million-dollar views are still on the market looking for a buyer." id="as-for-the-16-million-half-floor-penthouse-it-and-its-million-dollar-views-are-still-on-the-market-looking-for-a-buyer-54">

Business_news As for the $16 million, half-floor penthouse, it and its million-dollar views are still on the market looking for a buyer.

half-floor penthouse, it and its million-dollar views are still on the market looking for a buyer." data-class=" postload" data- data-src="https://amp.businessinsider.com/images/5d322b46014c7017fc71a4a4-750-563.jpg" data- data-title="">


Katie Canales/Business Insider

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