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Arterra: San Francisco's First Green High-Rise Condos Now Selling in Mission Bay.

Business Wire

| September 29, 2006 | COPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

SAN FRANCISCO -- Intracorp San Francisco has announced the first release of homes at Arterra, the residential community currently under construction in the fast-growing neighborhood of Mission Bay. Starting September 30, homebuyers are offered their first opportunity to own a home at Arterra. Located between Berry and King streets at Fifth Street, Arterra is part of the 300-acre Mission Bay master-planned development located in the south waterfront area of San Francisco, with easy access to public transportation and to the area's 49 acres of public parks. Arterra is the first new high-rise condos for sale in Mission Bay and is also San Francisco's first "Green" residential high-rise.

Arterra is being built to obtain a LEED certification (Leadership in Energy and Environmental Design) from the United States Green Building Council (USGBC), which recognizes buildings and developers that contribute to the preservation of the environment by building sustainability into new residential communities and to help lessen the impact these communities have on their surroundings. Construction commenced in January, and the finished product is slated for occupancy in early 2008. But starting September 30, buyers are able to select their home early, choosing from Arterra's various floor plans of 1 and 2-bedroom condominiums and town homes. Prices for homes at Arterra start in the mid-$500,000s.

"We're proud to offer Arterra as our debut project in San Francisco," says Dean Givas, President of Intracorp San Francisco. "In addition to being a development suited to the marketplace in a highly desirable area, the building's 'green' aspects are a distinct point of difference when compared to the many other condominium buildings in San Francisco. Arterra not only appeals to that group of buyers who want to live in the Mission Bay neighborhood, but also to those who consider themselves to be environmentally conscious buyers who pay attention to and care about the Bay Area's environment."

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