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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.

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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.

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On the day this news was published, LEN gained 1.77%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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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