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Quarterra Multifamily to Welcome First Move-Ins at Hawkins: San Francisco's Newest Apartment Homes on Treasure Island

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Quarterra Multifamily, a Lennar subsidiary, has begun leasing at Hawkins, a new 178-unit apartment complex on San Francisco's Treasure Island, with first move-ins scheduled for February 2025. The development features studio to three-bedroom units ranging from 456 to 1,661 square feet, plus 1,500 square feet of retail space.

The property, designed by Mark Cavagnero Associates, consists of a six-story mid-rise and four-story low-rise structure offering views of the Golden Gate Bridge, Bay Bridge, and Downtown San Francisco. Hawkins is part of the larger Treasure Island Community Development project, which will ultimately include 8,000 homes, cultural attractions, shops, restaurants, and 300 acres of open space.

Located at 77 Burton Street, the development offers premium amenities including a rooftop terrace, fitness center, coworking space, and EV charging stations. The location provides convenient access to downtown San Francisco via an 8-minute ferry ride.

Quarterra Multifamily, una sussidiaria di Lennar, ha avviato l'affitto presso Hawkins, un nuovo complesso residenziale di 178 unità situato sull'isola del Tesoro a San Francisco, con i primi traslochi previsti per febbraio 2025. Lo sviluppo offre unità che variano da monolocali a appartamenti con tre camere da letto, con dimensioni comprese tra 456 e 1.661 piedi quadrati, oltre a 1.500 piedi quadrati di spazio commerciale.

La proprietà, progettata da Mark Cavagnero Associates, consiste in una struttura di media altezza di sei piani e una bassa di quattro piani, con vista sul Golden Gate Bridge, sul Bay Bridge e sul centro di San Francisco. Hawkins fa parte del più ampio progetto di sviluppo della comunità dell'isola del Tesoro, che includerà in ultima analisi 8.000 abitazioni, attrazioni culturali, negozi, ristoranti e 300 acri di spazi aperti.

Situato al 77 di Burton Street, lo sviluppo offre servizi di alta qualità, tra cui una terrazza panoramica, una palestra, uno spazio di coworking e stazioni di ricarica per veicoli elettrici. La posizione garantisce un comodo accesso al centro di San Francisco tramite un traghetto di 8 minuti.

Quarterra Multifamily, una subsidiaria de Lennar, ha comenzado a arrendar en Hawkins, un nuevo complejo de apartamentos de 178 unidades en la isla Treasure de San Francisco, con las primeras mudanzas programadas para febrero de 2025. El desarrollo cuenta con unidades que van desde estudios hasta apartamentos de tres habitaciones, con tamaños que varían de 456 a 1,661 pies cuadrados, además de 1,500 pies cuadrados de espacio comercial.

La propiedad, diseñada por Mark Cavagnero Associates, consiste en una estructura de mediana altura de seis pisos y una de baja altura de cuatro pisos, con vistas al Golden Gate Bridge, al Bay Bridge y al centro de San Francisco. Hawkins es parte del proyecto de desarrollo comunitario más grande de Treasure Island, que incluirá en última instancia 8,000 viviendas, atracciones culturales, tiendas, restaurantes y 300 acres de espacios abiertos.

Ubicado en 77 Burton Street, el desarrollo ofrece comodidades premium, incluyendo una terraza en la azotea, un gimnasio, un espacio de coworking y estaciones de carga para vehículos eléctricos. La ubicación proporciona un acceso conveniente al centro de San Francisco a través de un viaje en ferry de 8 minutos.

Quarterra Multifamily, 렌나르의 자회사,가 호킨스에서 임대 시작했습니다. 이곳은 샌프란시스코의 트레저 아일랜드에 위치한 178세대 아파트 단지로, 첫 입주자는 2025년 2월에 예정되어 있습니다. 이 개발은 스튜디오에서 3베드룸까지 다양한 유닛을 제공하며, 면적은 456에서 1,661 평방피트까지 다양하고, 상업 공간은 1,500 평방피트가 포함되어 있습니다.

마크 카바그네로 어소시에이츠가 설계한 이 부동산은 6층의 중층 건물과 4층의 저층 건물로 구성되어 있으며, 금문교, 베이 브리지 및 샌프란시스코 다운타운의 전망을 제공합니다. 호킨스는 궁극적으로 8,000채의 주택, 문화 명소, 상점, 레스토랑 및 300에이커의 공원 공간을 포함할 더 큰 트레저 아일랜드 커뮤니티 개발 프로젝트의 일환입니다.

버튼 스트리트 77번지에 위치한 이 개발은 옥상 테라스, 피트니스 센터, 공동 작업 공간 및 전기차 충전소 등 프리미엄 편의 시설을 제공합니다. 이 위치는 8분의 페리 탑승으로 샌프란시스코 다운타운에 편리하게 접근할 수 있습니다.

Quarterra Multifamily, une filiale de Lennar, a commencé à louer à Hawkins, un nouveau complexe d'appartements de 178 unités situé sur l'île Treasure à San Francisco, avec les premières emménager prévues pour février 2025. Le développement propose des unités allant de studios à des appartements de trois chambres, allant de 456 à 1 661 pieds carrés, ainsi que 1 500 pieds carrés d'espace commercial.

La propriété, conçue par Mark Cavagnero Associates, se compose d'une structure intermédiaire de six étages et d'une structure basse de quatre étages offrant une vue sur le Golden Gate Bridge, le Bay Bridge et le centre-ville de San Francisco. Hawkins fait partie du plus grand projet de développement communautaire de Treasure Island, qui comprendra en fin de compte 8 000 logements, des attractions culturelles, des magasins, des restaurants et 300 acres d'espaces ouverts.

Situé au 77 Burton Street, le développement offre des commodités haut de gamme, notamment une terrasse sur le toit, un centre de fitness, un espace de coworking et des stations de recharge pour véhicules électriques. L'emplacement permet un accès pratique au centre-ville de San Francisco par un ferry de 8 minutes.

Quarterra Multifamily, eine Tochtergesellschaft von Lennar, hat mit der Vermietung von Hawkins begonnen, einem neuen Apartmentkomplex mit 178 Einheiten auf Treasure Island in San Francisco, mit den ersten Einzügen, die für Februar 2025 geplant sind. Das Projekt bietet Wohnungen von Studios bis hin zu Drei-Zimmer-Einheiten mit Größen von 456 bis 1.661 Quadratfuß sowie 1.500 Quadratfuß Einzelhandelsfläche.

Die von Mark Cavagnero Associates entworfene Immobilie besteht aus einem sechsstöckigen Mittelbau und einem vierstöckigen Niedrigbau, die Ausblicke auf die Golden Gate Bridge, die Bay Bridge und die Innenstadt von San Francisco bieten. Hawkins ist Teil des größeren Entwicklungsprojekts Treasure Island Community Development, das letztendlich 8.000 Wohnungen, kulturelle Attraktionen, Geschäfte, Restaurants und 300 Acres Freifläche umfassen wird.

Das Projekt befindet sich in der Burton Street 77 und bietet erstklassige Annehmlichkeiten wie eine Dachterrasse, ein Fitnessstudio, einen Coworking-Bereich und Ladestationen für Elektrofahrzeuge. Die Lage bietet einen bequemen Zugang zur Innenstadt von San Francisco über eine 8-minütige Fährfahrt.

Positive
  • Part of major 8,000-home development project on Treasure Island
  • Strategic location with 8-minute ferry access to downtown San Francisco
  • Premium amenities including coworking spaces and EV charging stations
  • Mixed-use development with 1,500 sq ft of retail space
Negative
  • None.

Insights

The launch of Hawkins represents a strategic move by Lennar to strengthen its recurring revenue streams through its Quarterra Multifamily subsidiary. This 178-unit luxury development is particularly noteworthy for several reasons:

The project's positioning within the larger 8,000-home master-planned community on Treasure Island demonstrates Lennar's sophisticated approach to value creation. By establishing an early presence in this transformative development, Lennar secures a prime position to capture value appreciation as the area develops. The mixed-use nature of the project, including 1,500 square feet of retail space, creates additional revenue diversification opportunities.

The development's premium amenities and strategic location with ferry access to San Francisco's business districts align with current market demands for luxury rental properties in transit-oriented locations. This positioning is particularly relevant given the hybrid work models that have become prevalent post-pandemic, as evidenced by the inclusion of extensive coworking facilities.

From an investment perspective, several factors enhance the project's value proposition:

  • The property's integration into a master-planned community with significant infrastructure improvements and amenities helps insulate it from market volatility
  • The focus on sustainability features and premium amenities positions the development to command higher rental rates
  • The proximity to San Francisco's business districts via ferry service provides a competitive advantage in attracting high-income professionals
  • The inclusion of various unit sizes (456 to 1,661 square feet) allows for optimal market segmentation and risk diversification

For Lennar , this development represents more than just another multifamily project. It showcases the company's ability to execute complex, mixed-use developments while building long-term recurring revenue streams through property management. The project's success could serve as a template for similar developments in other high-barrier-to-entry markets.

178-home mid-rise community is actively leasing, with first move-ins slated for February 2025

SAN FRANCISCO, Feb. 13, 2025 /PRNewswire/ -- Quarterra Multifamily, a subsidiary of Lennar Corporation and a vertically integrated multifamily builder, developer, and property manager, initiated leasing at Hawkins, a striking new mid-rise apartment building in San Francisco's newest neighborhood Treasure Island, in January 2025. First move-ins take place in February 2025.

Designed by Mark Cavagnero Associates, the boutique waterfront community features 178 studio, one-, two-, and three-bedroom apartment homes, walk-ups, and penthouses ranging from 456 to 1,661 square feet, along with 1,500 square feet of street-level retail space and a lush landscaped central courtyard. Composed of a six-story mid-rise and a four-story low-rise structure, Hawkins blends seamlessly with its surroundings, maximizing views from the Golden Gate Bridge to the Bay Bridge, Downtown San Francisco, and beyond.

"Treasure Island's rich history is intertwined with San Francisco," said Kristen Mete Kingi, AVP of Marketing, West for Quarterra. "We're honored to be involved in the partnership leading this redevelopment and proud to deliver Hawkins Apartments at the forefront of this collaborative effort. The property is thoughtfully crafted to help establish the energy envisioned for Treasure Island, anchor the residential population that calls the island home and usher in a bright future for San Francisco's newest neighborhood."

Hawkins is the newest of the for-lease residences in the transformative master plan being developed as part of the Treasure Island Community Development (TICD) — a partnership between Lennar Corporation, Wilson Meany, and Stockbridge Capital Group. Treasure Island ultimately will include 8,000 new homes, cultural attractions, a collection of shops and restaurants, and a sustainable waterfront community featuring 300 acres of open space and 22 miles of trails.

Located at 77 Burton Street at the intersection of Seven Seas Avenue—just steps away from Treasure Island Ferry Landing, Cityside Park, and Clipper Cove—Hawkins is moments from downtown San Francisco and SoMA's business district via an 8-minute ferry ride, making for convenient commutes. Hawkins residents also have access to other Bay Area ferry destinations and can connect to Muni bus routes or BART via the Embarcadero Station, with links to the Peninsula, East Bay, and airports.

The apartments feature expansive kitchens designed for culinary creativity. Kitchens have quartz countertops, backsplashes, stainless steel appliances, and under-mount sinks with designer faucet hardware. Luxury vinyl plank flooring is featured throughout living areas, with bedrooms designed with oversized windows to bring in natural light and blur the lines between indoor comfort and outdoor beauty. Bathrooms employ stunning tile flooring and shower surrounds. Homes also incorporate smart thermostats for convenient control and USB outlets for always-accessible device charging.

Hawkins also offers comprehensive amenities, including an expansive rooftop terrace with cozy seating, barbecue grills, a fire pit, and a hammock lounge with stunning views in all directions. A separate resident lounge features a kitchen and comfortable lounge seating. A 24-hour fitness center is stocked with top-tier equipment. In contrast, a strategically-planned coworking center offers nine private offices, flexible workstations, a wet bar, and collaborative social areas catering to the work-from-home lifestyle. Additional amenities include a parcel hub with Luxor lockers for package deliveries, a luxurious pet spa, bike storage, covered parking, and 10 EV charging stations.

Hawkins arrives on the heels of the recent completion of several new parks and open spaces, including Panorama Park, Signal Park, Rocks Dog Park, Buckeye Grove, and the Treasure Island Ferry Landing. These completed parks and trails provide residents immediate access to lush green spaces and outdoor activities. Cityside Park is emerging along the island's western edge, further adding to Treasure Island's recreational appeal. Enhancing the area's dynamic growth, BayFC recently announced it will establish its new practice facility on Treasure Island, further positioning the island as a vibrant and thriving part of San Francisco's landscape.

For more information about Hawkins and leasing opportunities, please visit HawkinsTI.com.

ABOUT QUARTERRA
Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B), is a multi-strategy, real estate-focused, alternative asset management company comprising three rapidly growing verticals: Multifamily, Single-Family Rental, and Land. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation's most active developers, builders, and managers and has been on the National Multi-Housing Council's (NMHC) annual Top 50 list for nine consecutive years.

Quarterra creates extraordinary communities where people can live remarkably.
www.Quarterra.com

About Lennar Corporation
Lennar Corporation, founded in 1954, is one of the nation's leading builders of quality homes for all generations. Lennar builds affordable, move-up and active adult homes primarily under the Lennar brand name. Lennar's Financial Services segment provides mortgage financing, title and closing services primarily for buyers of Lennar's homes and, through LMF Commercial, originates mortgage loans secured primarily by commercial real estate properties throughout the United States. Lennar's Multifamily segment is a nationwide developer of high-quality multifamily rental properties. LENX drives Lennar's technology, innovation and strategic investments. For more information about Lennar, please visit www.lennar.com.

About Mark Cavagnero Associates   
San Francisco-based architecture firm Mark Cavagnero Associates is dedicated to a socially and environmentally conscious practice, with a focus on creating designs that respond to the built and natural environment. Grounded in a belief in the power of collaboration and innovation, Mark Cavagnero Associates resolves complex design issues to achieve elevated solutions of clarity, simplicity, and rationality. The firm designs timeless and contextual buildings and infrastructure that will ensure long-term benefits for the communities that work, live, and engage with them.  

With expertise across residential, civic, cultural, and educational sectors, Mark Cavagnero Associates' celebrated work includes the Bowes Center for Performing Arts at the San Francisco Conservatory of Music, Oakland Museum of California, SFJAZZ Center, the UCSF Weill Neurosciences Building, the SF State University Marcus Hall for the Creative Arts, and the San Francisco Public Safety Campus. For more information, please visit www.cavagnero.com.

About Treasure Island
Treasure Island Community Development (TICD) is the master developer for Treasure Island — a partnership of Stockbridge Capital Group, Wilson Meany, and Lennar Corp. As a part of the master plan, Treasure Island and neighboring Yerba Buena Island are being transformed into an environmentally sustainable new 21st-century San Francisco neighborhood for more than 18,000 residents in the middle of San Francisco Bay. The reimagined neighborhood is part of a visionary redevelopment featuring 8,000 new homes including 2,700 homes that will be permanently affordable, 300 acres of parks, trails and open space, new restaurants and shops, public art installations, and exciting events. For more information about this groundbreaking development, visit www.tisf.com.

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SOURCE Quarterra

FAQ

When will Lennar's Hawkins apartment complex on Treasure Island begin accepting residents?

The Hawkins apartment complex will begin accepting its first residents in February 2025.

How many apartment units does the Hawkins development (LEN) include?

The Hawkins development includes 178 units, ranging from studios to three-bedroom apartments.

What is the size range of apartments at Lennar's Hawkins development?

The apartments range from 456 to 1,661 square feet, including studios, one-, two-, and three-bedroom units, walk-ups, and penthouses.

How long is the ferry commute from Hawkins to downtown San Francisco?

The ferry ride from Hawkins to downtown San Francisco takes 8 minutes.

What amenities are included in Lennar's Hawkins apartment development?

Amenities include a rooftop terrace, resident lounge, 24-hour fitness center, coworking center with private offices, pet spa, bike storage, covered parking, and 10 EV charging stations.

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