Fairmont Heritage Place at Ghirardelli Square was recently featured in the Developments section of The Wall Street Journal. The owner of the first of four full ownership homes cited the waterfront location as a motivating factor.
A San Francisco home with ties to the Ghirardelli chocolate company has sold for $3.4 million.
Mike Dovey, a retired investment banker and ex-husband of Yahoo ‘s former president Susan Decker, has bought a San Francisco home for $3.4 million.
Located on the waterfront, the 1,953-square-foot unit at The Fairmont Heritage Place, Ghirardelli Square, has three bedrooms and 3 1/2 baths. It has Bosch and Wolf kitchen appliances, a wine refrigerator, quartz countertops, maple floors and views of Alcatraz and the Golden Gate Bridge. Part of Mr. Dovey’s unit was the original office of Ghirardelli chocolate company founder Domingo Ghirardelli.
Mr. Dovey’s unit is the first of only four units to be sold for full ownership. The other 49 units in the Fairmont are fractional ownership, with each unit being split between 10 owners. Fairmont’s amenities include daily breakfast, butler service, car service and a fitness center.
Mr. Dovey, whose main home is in Belvedere, Calif., wanted to buy a hotel-condo unit closer to the waterfront, after owning a place in the St. Regis Residences, says his agent, Gregg Lynn of Sotheby’s International Realty in San Francisco. Mr. Dovey plans to renovate the property to his taste and has been “vociferously furniture shopping,” Mr. Lynn says.
Andy Ardila, the vice president of sales for Fairmont, says the three other full-ownership units will hit the market in April. The building was completed in 2008. At about $1,740 per square foot, Mr. Dovey’s purchase is one of the highest per-square-foot prices in San Francisco.
Read the full article here.
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The Fairmont Heritage Place, Ghirardelli Square is a residential-style, all-suite San Francisco luxury hotel and Private Residence Club. Owners receive a host of privileges including exclusive membership as Fairmont President’s Club Circle Members, and preferred privileges to stay in the Fairmont, Raffles, and Swissotel hotels and resorts network of worldwide destinations.
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