June 12, 2006
The Ritz-Carlton Club and Residences, San Francisco Achieves More Than $100 Million in Sales
SAN FRANCISCO – June 12, 2006 – The Ritz-Carlton Club and Residences, San Francisco, released today the results of their recent sales launch event at The Ritz-Carlton, San Francisco. With over $106.1 million in real estate sales, the company is pleased with the balanced interest they received as they welcomed 45 private Residence Owners and 57 fractional Club Members. The Ritz-Carlton Club and Residences, San Francisco began accepting sales reservations for both real estate options in February; however, this was the first opportunity for interested parties to enter the contract phase. The San Francisco location represents the first urban property for The Ritz-Carlton Club brand.
“The property’s success is a testament to the location and the public’s trust in the brand,” said Robert van Dijk, director of sales and marketing at The Ritz-Carlton Club and Residences, San Francisco. “This is a rare opportunity for homeowners to own a piece of San Francisco history. The Ritz-Carlton Club and Residences, San Francisco is an example of the company’s focus on striving to seek new ways to deliver a luxury experience within a residential atmosphere. It provides a perfect opportunity to expand and redefine the brand in a remarkable urban setting.”
The Ritz-Carlton Club and Residences, San Francisco is located in the former Chronicle building at 690 Market Street, the West Coast’s first skyscraper, which was built in 1890. The building is currently undergoing a $90 million renovation and will offer 49 fractional residences for use by Club Members and 52 private ownership Residences. It is scheduled to open in November 2007.
The private ownership Residences will offer a choice of contemporary or traditional interior design packages to suit the homeowner’s preferred style. Prices on the one-, two- and three-bedroom Residences vary from approximately $1.2 million to over $5 million, depending on floor plan selected. The Ritz-Carlton Club and Residences, San Francisco will also include four, two-story private Penthouse Residences in two-, three- and four-bedroom styles with floor plans ranging from 2,090 square feet to 3,565 square feet.
The Club memberships offer one-twelfth, deeded interests with one-, two- and three-bedroom floor plans starting at approximately $200,000 per interest. Members enjoy legendary Ritz-Carlton service including twice-daily housekeeping and a dedicated concierge team offering pre-arrival provisioning of the Club residences – and all personalized to a Member’s desires.
The property will include a fitness center, resident’s lounge, business and conference facilities, valet attended garage parking and a private entrance located on Market Street. All residences will be equipped with acoustically rated exterior windows and high-speed Internet access.
For information, please visit www.rcc-stthomas.com. |
