San Franciscoâ€”Tishman Speyer and China Vanke have broken ground for Lumina, a mixed-use project at Main and Folsom streets in downtown San Francisco, near the waterfront. The development will include 655 condo units, along with retail and parking.
The development is a JV between Tishman Speyer, which will develop and manage Lumina, and China Vanke, which will be a venture equity partner. China Vanke is the largest residential developer in the Peopleâ€™s Republic of China, and the development is the companyâ€™s first investment in North America.
With the start of construction, Lumina will be the only large-scale condo project under way in the city in 2013. A sales center for the property will open next summer.
Floor plans include studio to three-bedroom layouts averaging 1,275 square feet. Amenities include spa-like facilities with a private treatment room; a three-level urban clubhouse with outdoor entertaining area and BBQ; a theater-style private screening room; a game room; a pet washing station; and a bike storage and repair room.
Each residence will also have a parking space with 24/7 valet service for residents and their guests. Electric vehicle charging stations will be available.
Two commercial spaces will be available at Lumina. A 9,500-square-foot space along Folsom Street will likely be a restaurant or upscale market, while a 1,000-square-foot space at Folsom and Beale is envisioned as a cafÃ©.
Designed by noted architect Bernardo Fort-Brescia of Arquitectonica, Lumina will feature two residential towers 350 and 400 feet tall, as well as two mid-rise buildings arranged around a landscaped central courtyard. Previously, Fort-Brescia designed the Infinity, the Tishman Speyer project next to Lumina. The new project will share a similar look and feel to the Infinity, according to the architect.