Read DM Development's latest news and press releases

DM Development completes construction on $120M Union Street condo project

San Francisco-based DM Development said Wednesday that its latest project — a $120 million Cow Hollow condo community dubbed Union House — has just finished construction and is nearing 30% sold.

Located at 1515 Union St., the 41-unit Union House set a San Francisco real estate record in May for the highest price-per-square-foot achieved in 2020 when it sold a penthouse residence at $3,015 per square foot.

Residences feature one-, two- and three-bedroom floor plans going from $1.5 million for a one bedroom, $2.3 million for a two bedroom and $5.5 million for a three bedroom. The condos range from 955 to 2,437 square feet and there are also multilevel townhouses and penthouses with private rooftop terraces.

The building, which broke ground in 2018, was designed by award-winning Handel Architects, also based in San Francisco.

“As the largest new development in this area in 20 years, we really wanted to push the boundaries and deliver a one-of-a-kind condominium community that captures the elegance and grandeur of Pacific Heights and Russian Hill,” co-founding principal of DM Development Mark MacDonald said in a statement. “What sets Union House apart is its rare location. Being at the nexus of four of the most desirable neighborhoods in San Francisco, residents will have direct access to luxury shopping, the San Francisco waterfront, iconic views and some of the best neighborhood parks in the city. For me, Union House is one of those rare, legacy opportunities in a developer’s career, and we look forward to showcasing everything it has to offer.”