SAN DIEGO | Ritz-Carlton | 500 FT | 39 FLOORS

[Lipani]

Adiós to another flat-surface parking lot.

City Council OKs $400M Ritz-Carlton project
By Roger Showley

Developer:Cisterra Development

Cost: $400 million with $20 million land sale by the city, the proceeds going into city’s affordable housing trust fund. Financing by one lender is in the works.

Schedule: Land sale by April 2018 and construction completed by October 2021; litigation threatened by Unite Here Local 30 hotel workers union.

Description: 1.16 million square feet in two towers of 39 stories at 500 feet and 19 stories at 227 feet that share a common base; 887 parking spaces in four levels below and three above ground; preservation of adjacent Clermont Hotel that will include exhibits by the Black Historical Society in recognition of African-Americans’ heritage downtown.

Hotel: Ritz-Carlton, 153 rooms in the levels 20-27 of higher tower.

Housing: Below the Ritz-Carlton, 34 affordable apartments in levels 3-5, 125 market-rate apartments in levels 7-19; 59 for-sale Ritz-Carlton condos in levels 28-39;. In adjacent Clermont Hotel, 55 single-room-occupancy units retained.

Office: 156,000 square feet in lower tower.

Retail: 46,000 square feet including Whole Foods market on second level and accessed from Seventh Avenue street entrance.

Other amenities: Roof terrace; pool, fitness center, spa; hotel ballroom; 6,000-square-foot public plaza at Seventh and Market.

San Diego Union-Tribune
Cisterra Development: 7th & Market

[SLO]

That will be a stunning addition to downtown.

[Coldrsx]

Not enough pools.