Embrace Real Estate, a global real estate investment firm, and its affiliate 1823 Partners, an independent asset management firm, announced their acquisition of Ghirardelli Square, the historic waterfront landmark at 900 North Point Street in San Francisco’s Fisherman’s Wharf district, from Jamestown. Embrace Real Estate, in partnership with Denver-based developer Continuum Partners, will lead the business plan, leasing and day-to-day operations of the property. The transaction represents a generational transfer of one of the most recognized mixed-use destinations in the country.
Ghirardelli Square encompasses 12 buildings along the San Francisco waterfront, with origins dating to 1862. Listed on the National Register of Historic Places and widely regarded as the first major adaptive reuse project in the United States, the property is home to the Ghirardelli Chocolate Co.’s U.S. flagship, a collection of restaurants and retailers, a Fairmont Heritage Place hotel and the
