February 28, 2006
The Ritz-Carlton Club and Residences Taking Reservations for Residential Real Estate Opportunities in Historic Chronicle Building
SAN FRANCISCO – February 28, 2006 – The Ritz-Carlton Club and Residences, San Francisco, announces it is now taking reservations for its newest private and fractional ownership development. Scheduled for occupancy in late 2007, the new Club and Residences will be located in the historic Chronicle Building at 690 Market Street, one of the first homes to the San Francisco Chronicle.
“This is an exciting opportunity for us to expand The Ritz-Carlton brand of luxury and service within a remarkable setting. It offers the rare opportunity to live in one of San Francisco’s landmark buildings while enjoying The Ritz-Carlton lifestyle,” said Robert van Dijk, director of sales and marketing at The Ritz-Carlton Club and Residences, San Francisco.
In partnership with Alameda-based Hunter Group, The Ritz-Carlton Club and Residences, San Francisco is currently undergoing renovation to create 49 Club Residences and 52 private ownership Residences. The project’s $90 million restoration includes the re-emergence of the Chronicle Building’s original façade of brick and stone. Recently, aluminum, steel and glass, which were bolted onto the building during the 1960s, were removed. Additionally, eight new stories will be constructed to accommodate the future Residences. The renovation and restoration are being implemented by architect, Charles F. Bloszies and Associates, AIA Ltd.
The private Residences will be delivered designer ready. The interior design firm, Forrest Perkins, L.L.C., of Dallas, Texas, will offer the choice of four interior design packages tailored to the Owner’s preferred style. Residences vary from approximately $1.1 million to over $4.5 million, depending on the Residence selected with floor plans ranging from one- to three-bedrooms.
The Club Residences offer one-twelfth, deeded interests with one-, two- and three-bedroom floor plans ranging from approximately $200,000 to over $300,000. Members enjoy legendary Ritz-Carlton service including twice-daily housekeeping and a dedicated concierge team that offers pre-arrival provisioning of the Club Residences – and all at a Member’s request.
Through reciprocal use benefits, Members may visit other Ritz-Carlton Clubs including Aspen Highlands and Bachelor Gulch, Colo.; Jupiter, Fla.; St. Thomas, U.S. Virgin Islands and South Beach, Fla. (opening 2009). Furthermore, Members may reserve additional time on a nightly basis as available.
The 24-story property will also offer a private spa and fitness center, a resident’s lounge, business and conference facilities, valet parking and a private entrance located on Market Street.
“The Ritz-Carlton Club and Residences, San Francisco offers the services and amenities of a hotel with all the comforts of home, making second home ownership as luxurious and effortless as a stay at one of our hotels,” continued Mr. van Dijk.
Built in 1890 by the renowned Chicago firm Burnham & Root, the former ChronicleBuilding was the first skyscraper in the West. The 16-story building was the darling of publisher M.H. de Young and the home of de Young’s newspaper, the Daily Dramatic Chronicle, which he founded as a teenager with his brother Charles. In 1905, de Young’s Romanesque marvel was lit on fire by bottle rockets shot off from a rival politician’s victory parade, destroying the building’s four-story bronze clock tower.
The building later survived the 1906 earthquake, only to be struck by the raging fires which ravaged the city following the quake. The building was then restored by Burnham’s renowned associate and architect Willis Polk, and the de Young Building’s historic charm was later covered in an aluminum façade, a popular mid-century design, where it has remained hidden for the last forty years.
|
