FirstService Residential Chosen to Manage Highly Anticipated LUMINA

Posted on Wednesday June 10, 2015

SAN FRANCISCO (May 10, 2015) – FirstService Residential, North America’s leading property management firm, has been chosen by Tishman Speyer to manage LUMINA, its highly anticipated, transformative 656-unit luxury condominium development claiming its stake of the San Francisco skyline. The agreement, which is the largest luxury high rise contract in FirstService Residential’s California  portfolio, marks the company’s first management collaboration with the award-winning global developer. 
 
“We couldn’t be more appreciative and excited to have been chosen by Tishman Speyer for Lumina, said Bob Cardoza, President of FirstService Residential, California.  “Over the last fifteen years San Francisco has offered an exciting business environment for our company in addition to a wonderful opportunity to be a part of a special community which our team is strongly connected. Our collaboration on Lumina will further enhance our presence and involvement in the city.”
With the addition of LUMINA, FirstService Residential’s California management portfolio now includes upwards of 1,000 association properties and more than 210,000 residences throughout the state. Currently, the company manages more luxury high rise properties than any other property management company in the U.S. or Canada.
 
LUMINA is a high profile project consisting of 42- and 37-story towers, and two mid-rise plaza buildings of eight stories each on San Francisco’s Embarcadero waterfront. It has gained national attention for its record-breaking $49 million penthouse offering and an impressive array of amenities providing health and wellness, outdoor living, indoor entertainment, dining and other indulgences on par with the world’s most exclusive luxury resorts.
 
“Offering resort-style experiences is becoming the new norm in urban luxury development, but delivering on the high-end lifestyle promised, while maintaining everyday operations of a complex multi-family and mixed-use community, requires a unique set of skills and expertise,” said Chuck Fallon, CEO of FirstService Residential.  “Being selected to manage a property as illustrious as LUMINA is a testament to FirstService Residential’s reputation for delivering sophisticated service with a personal touch, while remaining committed to continuously adding value for each and every resident served by our Associates.”
 
Set for completion in 2016, the first mid-rise plaza is already sold out and will begin welcoming residents this August.
 
About FirstService Residential
FirstService Residential is North America’s largest manager of residential communities and the preferred partner of HOAs, community associations and strata corporations in the U.S. and Canada.  FirstService Residential’s managed communities include low-, mid- and high-rise condominiums and cooperatives, single-family homes, master-planned, lifestyle and active adult communities, and rental and commercial properties.
 
With an unmatched combination of deep industry experience, local market expertise and personalized attention, FirstService Residential delivers proven solutions and exceptional service that add value, enhance lifestyles and make a difference, every day, for every resident and community it manages.  FirstService Residential is a subsidiary of FirstService Corporation, a North American leader in the property services sector. For more information, visit www.fsresidential.com.



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