Erected in 1893 to house the Ghirardelli chocolate factory, once a locals destination, and having fallen prey to the Fisherman’s Warf tourist trade over the past couple of decades, San Francisco’s Ghirardelli Square is undergoing a major overhaul and rebirth.
Purchased by JMA Ventures in 2004, the chain store and souvenir shops are being shown to the door and replaced with local cafes, restaurants (think Gary Danko), retail (including an offshoot of COPIA) and a spa. Five of the brick buildings are about four months away from being reborn as 53 one, two and three bedroom “homes” (Fairmont Heritage Place, Ghirardelli Square). And the homes are being sold in one-tenth ownership fractions.
The 530 fractions are priced from $262,000 and are roughly 45% pre-sold including a recent acquisition of 120 fractions by Exclusive Resorts (a nice nod of approval). 300 underground parking spaces are available to serve the residences (dedicated spots), restaurants and retail. And the house car will be a Maserati Quattroporte (no word on whether or not you’ll have to use the house driver).
∙ Fairmont Heritage Place: Ghirardelli Square [fairmontheritageplace.com] [Virtual Tours]
∙ Ghirardelli Square, San Francisco [ghirardellisq.com]