Eight Orchids is a brand new building with a European-style high rise fusing chic, contemporary design with elegant Asian-inspired motifs. With exquisite views of the San Francisco Bay and city lights, Eight Orchids offers all the modern conveniences you would expect in a premier home. The development was built by Bayrock Development Co. of Oakland. Bayrock put its 35 years experience of building multi-family homes to produce this striking architectural landmark.
Eight Orchids is a complex with nine stories, sitting right next to downtown Oakland. For 2009 it has been the fastest selling condominium development in the East Bay. Tony Banducci, the community sales manager, says, “Our buyers love Eight Orchids because of the fantastic location in the heart of Chinatown. One is close to shopping districts, restaurants and local bakeries without needing a car. Two BART stations are only a few blocks away.”
Oakland is the eighth-largest city in the state of California and a major West Coast port city. Located on the bay about eight miles east of San Francisco, Oakland is a major hub city for the Bay Area subregion collectively called the East Bay. One of the best places to live and work in the Bay Area, Oakland has fantastic weather that is ranked in the top five in the world for a moderate Mediterranean type of climate.
Within a few blocks, there are three bus lines, while an Amtrak train station and the Ferry terminal are about eight small blocks away. For fresh, healthy organic food, the old Oakland Farmers' Market, just two blocks away from Eight Orchids, opens every Friday from 8:00 a.m. to 2:00 p.m. Also, the Jack London Square Farmers' Market is open on Sundays from 10:00 a.m. to 2:00 p.m. A non-membership warehouse grocery store, Smart & Final is within two small blocks away.
Eight Orchids is within the close proximity to Oakland’s historic Jack London Square, Lake Merritt, the Oakland Asian Library, the Asian Cultural Center and Oakland’s City Center. If you like Asian culture and like having convenient access to Chinatown, Eight Orchids is right for you.
Other Eight Orchids homes’ features include:
• 1, 2 and 3-bedroom home plans
• 1, 2 and 3 baths
• Approx. 770 to 1,645 sq. ft.
• Tile entry and floors
• Plush carpeting
• Master suites
• Cat-5 wiring for fast Internet/Communications
• Large gourmet kitchens with a gas range oven with full exhaust
• Contoured granite counters in kitchen and baths
• Energy Star stainless steel appliances
• Bathrooms with soaking tubs
• Laundry hook-ups; Washer/dryer included.
• Central air conditioning and heat in every unit, which may be needed for a handful days only, due to the pleasant weather in Oakland.
The development is over 70% sold. The builder has saved the upper floors for last so most of the remaining homes have wonderful city and bay views. The Penthouse Floor one bedrooms start at $304,888. Two bedrooms start at $399,888 and the three bedroom homes start at $498,888. The entry level one bedrooms start at $269,888. Eight Orchids are the best condominiums available in the East Bay today.
The number eight in the developments' name was chosen with good intentions. In Chinese Feng Shui, eight sounds very close the word meaning to generate wealth, it is a lucky number that stands for prosperity and good fortune. Property with the number eight valued greatly by Chinese. For example, a Hong Kong number plate with the number eight was sold for $640,000. The last three digits of the price tags with triple eight, it’s a symbol for three times the luck.
Ms. Wang has been a Chinese home owner at Eight Orchids for a few months, and is very pleased with her new home: “I love it so much, it’s so convenient. I wish I moved in earlier. When I don’t want to cook, I just go downstairs to the restaurants, Chinese bakeries, Chinese groceries are just right there. My son loves it too. He is studying at UC Berkeley, where there are free buses for him to ride to school even though he preferred driving.” Her elder parents also enjoy living there because in nearby Chinatown, there are many Chinese newspapers, Chinese television stains and radios within range and they can shop in the Chinatown district without speaking a word of English. One guest who visited said, “My Chinese-born mother-in-law would be thrilled to live there.”
Any first time home buyers closing escrow by November 30th can take advantage of the federal tax credit of $8,000. There are also income restrictions. Our sales people can assist you in determining if you qualify for this wonderful opportunity.
This is a great time to buy. Interest rates are at all time lows and housing prices are down 25% from the highs of 2006. It seems that all of the buyers did their homework with regards to property valuations. Michele Yu, community sales associate, says “Our buyers are thrilled that they can buy a two bedroom home for what it would cost to buy a one bedroom home 3 years ago. Our buyers see that tremendous value matched with great quality make Eight Orchids a wonderful long term investment opportunity.”
Private tours are now available for homes at Eight Orchids Office in Downtown Oakland, open daily from 11:00 p.m. To 6:00 p.m. Our sales people can speak English, Cantonese and Mandarin. The sales office phone number is 510-835-8808.
423 7th Street, Oakland, CA 94607
Visit http://www.8-orchids.com/ for more information.
