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5/17/24
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Sares Regis Group of Northern California (SRGNC) has completed construction on Celeste, a 195-unit residential development in downtown South San Francisco, adjacent to the city’s Caltrain station. The project was designed by BDE Architecture.
Located at 401 Cypress Ave, Celeste stands eight stories tall and features an onsite leasing center, a fitness loft, and secure EV parking, among many other amenities. Additionally, Sares Regis commissioned two public art pieces by Bay Area artists that have been installed on site. The project is pursuing LEED® Silver certification.
Open to residents for just two-and-a-half months, leasing velocity has exceeded industry norms and is already approximately 50% leased. Average rents approaching $4,000 have demonstrated that South San Francisco has come into its own as a Class A multifamily residential location.
“Providing housing at a mix of income levels is a key priority of South San Francisco, and Celeste is an important piece towards reaching our housing goals,” said South San Francisco Mayor James Coleman. “As part of the Downtown Station Area Specific Plan, the transit-oriented development will allow residents to utilize several modes of transportation, increase pedestrian traffic and provide patrons for our local small businesses.”
In 2019, SRGNC completed Cadence, a 260-unit apartment development now owned by Bell Partners and renamed Bell South City, across the street from Celeste.
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