April 17, 2015
Although newlyweds Ryan and Angela Lyles both work in San Francisco, they did not consider moving into the city when they began looking to buy their first home.
“We didn’t even bother looking,” said Angela Lyles, 26. “We thought, ‘Well, we can’t afford that, it’s just too expensive.’”
But when they found a two-bedroom townhouse at Lennar Urban’s new San Francisco Shipyard development in the city’s Bayview neighborhood, it was within their price range.
The price tag might be a factor that helped spur the rapid sellout of the first 88 residences released in the multibillion-dollar development, which eventually will comprise about 5,800 homes and 265 acres of parks.
“We had an overwhelmingly strong response,” to the homes, said Sheryl McKibben, the vice president of sales and marketing at Lennar Urban, a division of Miami-based national home builder Lennar Corp.