SAN FRANCISCO, CA (June 12, 2014) — Due to popular interest from prospective buyers, coupled with limited inventory in San Francisco’s real estate market, Fairmont Heritage Place, Ghirardelli Square – the former chocolate factory turned award-winning private residence club – has announced the release of its fourth and final residence available for whole ownership. The top floor, city view residence priced at $2.2 million features 1,314 square feet, two bedrooms and two-and-a-half baths. Like all residences at Fairmont Heritage Place, Ghirardelli Square, Residence 411 is completely furnished with state-of-the-art in-residence amenities, a spacious living room and fully appointed kitchen.
“You don’t need a golden ticket to get into this chocolate factory but the future owner of Residence 411 is going to feel like they won one. This residence represents true exclusivity and limited availability as the final chance to own real estate in one of San Francisco’s most distinctive landmarks, Ghirardelli Square,” said Todd Chapman, President of JMA Ventures, which owns and operates the real estate component of Fairmont Heritage Place, Ghirardelli Square. “With just four residences ever available for whole ownership at the property, and two residences available for purchase now, this presents a once-in-a-lifetime opportunity to call this iconic address ‘home.’”
Residence 411 shares a common wall with the only other remaining whole ownership residence, Residence 409 which is priced at $1.9 million. The location of these residences is designed to create a community feel within the building for their future owners. It also presents a rare customization opportunity to combine these two residences into a unique three or four bedroom, four-and-a-half bath residence within this historical landmark.
Built into the former chocolate factory at Ghirardelli Square that opened in 1893, owners at Fairmont Heritage Place, Ghirardelli Square enjoy sweeping views of the San Francisco waterfront; luxurious amenities and world-class service of Fairmont Hotels & Resorts; convenient access to an array of nearby entertainment, cultural, retail and dining options; and residences designed to showcase the historic building’s heritage including exposed red brick walls and dramatically high ceilings juxtaposed with luxurious, modern-day touch points.
As part of additional property enhancements, the urban 53-unit, five-star private residence club has also debuted a three-bedroom family suite with over 1,700 square feet of living space currently priced at $269,000 for 1/10th deeded fractional ownership, a refreshed Owner’s Lounge, and a brand-new sales gallery located in Ghirardelli Square, each designed by HBA with modern furnishings and crisp color schemes inspired by the property’s waterfront location.
The new three-bedroom family suite is a family-friendly urban escape complete with toys, games and interactive kid-friendly furnishings with modern styling including a custom San Francisco-inspired 3-D wall installation, new wall beds in the third bedroom to offer a flexible floor plan and ample space to play, and kid-sized lounge chairs.
The Owners Lounge has also been redesigned with new furniture, lighting and décor to showcase the property’s expansive bay views, embrace indoor/outdoor connectivity and to create a relaxed, social setting. Additions include café tables with banquet seating; couches, coffee table, lounge chairs featuring plug-in connectivity, a rustic, Acacia communal table to inspire casual interactions between residents; new Teak furniture on the Nursery Terrace; temperature-controlled wine cellar, flat-screen television and new carpet throughout. Sleek metal accents are used to complement softer, natural materials and wine country-inspired details. Large format, nautical black-and-white photography pays homage to the adjacent ocean.
The new Sales Gallery, located above the famed Ghirardelli Chocolate Shop, boasts 180 degree views of San Francisco Bay. This inviting 1,949-square-foot gallery is divided into three spaces – Living Room, Gallery Room and Conference Room – with comfortable furnishings and a statement-making Jonathan Adler-design chandelier. A mix of glass, metal, woods, natural textiles and leather effortlessly blend coastal elements with a cosmopolitan sophistication while showcasing the space as a sample fractional residence floor plan.
In addition to the two newly listed whole ownership residences, two- and three-bedroom residences are available for purchase at 1/10th deeded fractional ownership as well as a limited inventory of one-bedroom residences. Current prices range from $179,000 to $269,000.
About Fairmont Heritage Place, Ghirardelli Square
Fairmont Heritage Place is part of historic Ghirardelli Square, a brick-and-timber chocolate factory that dates to the 1860s. The Fairmont Heritage Place homes are designed to reflect its historic setting and feature original brick and wood elements that recall an earlier era while incorporating contemporary features and finishes. Fairmont Heritage Place, Ghirardelli Square’s location places homeowners within immediate proximity to dozens of one-of-a-kind local shops and services. The property is within walking distance to some of the City’s best neighborhoods, including the Marina and Russian Hill. The sales gallery is located at 900 North Point St., Suite 128, San Francisco, Calif. 94109.
PRESS RELEASE SOURCE: Fairmont Heritage Place