Ritz-Carlton Residences, San Francisco Website

According to a notice distributed by the developer of the San Francisco Ritz-Carlton Residences late Wednesday: “…we have received ongoing requests about the Private Residences in the project in spite of being sold out. As a result, the decision has been made to convert five residences on the 11th floor from Club designated use to Private whole ownership.

As Malcolm Kaufman notes in his latest Pulse: “This demonstrates one of the inherent risks in buying pre-construction. You do not always get what you signed up for.” A year ago buyers placed deposits on one of “only Ritz52 Private Residences.” Today, it’s one of only 57. No word on tomorrow.

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Comments from “Plugged-In” Readers

  1. Posted by anonymon

    “This demonstrates one of the inherent risks in buying pre-construction. You do not always get what you signed up for.” A year ago buyers placed deposits on one of “only 52 Private Residences.” Today, it’s one of only 57.”
    Oh no! Five more residences!
    Inherent risk of buying preconstruction? This guy has got to be kidding.

  2. Posted by Bjork

    My God! With 57 residences, I am going to have to wait forever for an elevator.

  3. Posted by zzzzzz

    I’m rather disappointed with the appearance of the contemporary addition to the Chronicle building. Yes, I’m aware that preservation standards argue that contemporary additions to historic structures shouldn’t try to be slavish copies of the historic architecture; they should complement, rather than copy the original. But the new building here is plain to the point of being ugly – surely they could have done better!

  4. Posted by Anne

    Hopefully this new addition will bring more businesses and restaurants on Kearny St. The entire street from Market through Colombus Avenue is in need of some injection of new capital and revitalization.

  5. Posted by Michael

    If I bought one of 52 “limited edition” Ferraris I’d be more than a little pissed if they decided to build just five more. Something tells me anonymon would feel the same.

  6. Posted by Damion Matthews

    There’s another point to this — perhaps the fractional ownership idea wasn’t as hot as they had hoped. Maybe this just isn’t a fractional ownership kinda town. Does anyone know how things are going for the Ghiradelli Fairmont property?

  7. Posted by gh

    “Opulence of the Golden Age”…on Market St.?
    Are they referring to the bums playing cards and drinking Thunderbird out in front of your “Residence”. Somehow the name sells them though…amazing.

  8. Posted by anonymon

    “If I bought one of 52 “limited edition” Ferraris I’d be more than a little pissed if they decided to build just five more. Something tells me anonymon would feel the same.”
    Well, I would not buy a Ferrari but you have a point when it comes to something like a car or a watch. Limted editions would have more value.
    I would however, not see any extra value in buying a “limited edition” condo. That is kind of ridiculous.

  9. Posted by RJ C.

    ZZZZ,
    The original Burnham & Root designed building was a mere 10 stories tall. After the earthquake in ’06 the 16-story section along Kearny Street was built by Wilis Polk, aluminum siding came in the ’60’s. By the time The Ritz got a hold of the building, it was a architecural mess. While the building today lacks that turn of the last century charm, I can’t but feel a little lucky that the building wasn’t torn down completely. Or turned into a huge mall

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