The Ritz-Carlton Residences, Inner Harbor, Baltimore Closes on $12.6 Million Residence
- One of The Largest Residential Transactions in Baltimore City’s History –
BALTIMORE, MD – (November 18, 2009) – Baltimore’s premier 5-star residence, The Ritz-Carlton Residences, Inner Harbor, Baltimore today closed on one of the largest condominium transactions in Baltimore City’s history. The 11,959 square-foot penthouse residence sold for a record $12.6 million.
“This is a magnificent residence,” stated Mr. Joseph Graziose, Senior Vice President for RXR Realty, developer of The Ritz-Carlton Residences, Inner Harbor, Baltimore. “The highest level of quality construction, interior design and architecture has created a residence of incomparable distinction and character. We look forward to welcoming its full time residents to the community.”
“The completion and closure of this exceptional home is a clear indication of our success in the Baltimore market and that the real estate industry is showing true signs of recovery,” said Scott Rechler, CEO and Chairman of RXR Realty. “This sale is not only a milestone for Baltimore, but the real estate industry nationally. The Ritz-Carlton Residences, Inner Harbor, Baltimore has achieved a level of success that residential projects across the country will notice.”
The Ritz-Carlton Residences, Inner Harbor, Baltimore officially opened in May 2008 and features 190 exclusive residences with more than 50 uniquely designed floorplans. Managed and operated by the world-famous Ritz-Carlton Hotel Company, the property is located on a 5.2-acre parcel of land along Baltimore’s famed and historic Inner Harbor area.
The property offers both magnificent water and downtown skyline views. The exceptional list of amenities include: a full-service fitness center; an indoor swimming pool; a full-service spa; rooms for social activities; a 22-slip marina; an exclusive movie theater for private screenings; and concierge and valet services.
About The Ritz-Carlton Residences, Inner Harbor, Baltimore: The Ritz-Carlton Residences, Inner Harbor, Baltimore, located at 801 Key Highway, features magnificent water and downtown skyline views. Managed by the world-famous Ritz-Carlton Hotel Co., the 191 exclusive condominiums feature the legendary services of the world-renowned five-star hotel company. Available condominiums range in price from upper $600,000 to over $5 million. For more information or to schedule an appointment, please call 410-727-4417 or visit www.rcr-baltimore.com
About RXR Realty ("RXR"): is a vertically integrated private real estate company with expertise in investment management, development, design, construction, leasing, financing and asset management.
RXR's core growth strategy is focused on the markets surrounding New York City. The Company is one of the largest owners, managers, and developers in the New York Tri-State Area with interests in approximately $2.8 billion in assets, comprised of 70 properties containing approximately 11.2 million square feet, and an extensive development pipeline. For more information on RXR, please visit the company's web site at www.rxrrealty.com
