ritz-carlton residences

Ritz-Carlton Residences at Singer Island Host Grand Opening

Luxury is on the rise in Palm Beach once again. Lionheart Capital, owner of The Ritz-Carlton Residences Singer Island, is hosting the official grand opening of the 8.8-acre oceanfront property on January 21. The two tower complex is one of only six stand-alone residential properties managed by the Ritz-Carlton brand worldwide. In June 2010, Lionheart, in partnership with Elliott Management Corporation, closed the $120 million bulk purchase of the remaining inventory at 2700 North Ocean (a total of 146 units in the 242-unit project). The property converted to The Ritz-Carlton Residences Singer Island, Palm Beach on November 1. Real estate in South Florida continues to struggle but news from this property is strong so far, with only 60 days on the market as a Ritz-Carlton, the property has already logged $20 million in sales.

The opening celebration includes accreted indoor/outdoor art tour featuring works from the private collections of Carlos and Rosa de la Cruz, Ella Cisneros Fontanals, Marvin and Elayne Mordes, Jane Holzer and Beth Rudin DeWoody, as well as pieces on loan from Art Palm Beach by Litvak Gallery and Albert Paley, among others. The event will include the unveiling of the Signature Residence models as well as samplings of food prepared by the property's new chef.

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Ritz-Carlton Residence Up For Auction In San Francisco

by Deidre Woollard (RSS feed) —

Filed under: Estates, Auctions, Real Estate Developments

A San Francisco luxury condo heads to auction on December 10. Concierge Auctions is offering a bank-owned condominium, located at the luxurious Ritz-Carlton Residences on Market Street in the heart of downtown San Francisco. The two-bedroom unit was originally listed for $1,274,490, there is no minimum bid required to participate. The sale is being conducted in cooperation with listing broker Jeffry Peargin of Pacific Union International, an affiliate of Christie's Great Estates.

The unit up for sale is a 1,195-square-foot, classic condo with two master suites and two and a half bathrooms. It has an open kitchen with Kohler fixtures, granite countertops, a Viking refrigerator and Miele dishwasher. Each bathroom also has Kohler fixtures, and the laundry closet is outfitted with a GE washer and dryer.

The building was constructed more than a century ago by Chicago architects Daniel Burnham and John Root as the original Chronicle Building, the West Coast's first skyscraper. It is now home to 101 individual residences with amenities such as private lounge access, wine storage, valet parking, a fitness center and full service doorman. For more information, visit www.SanFranRitzAuction.com.

Gallery: San Francisco Ritz-Carlton