From a trusted plugged-in tipster on the heels of this mornings post:
I’ve heard that one-third of the Ritz units fell out of escrow. I gather some buyers were upset that the retail space, which was supposed to be a restaurant, will instead be spun off as a commercial condo and sold to a bank. Also, gym has been delayed by quite a bit.
∙ A Concerning Comp (And Empty Shell) At The Ritz-Carlton Residences [SocketSite]