Waldorf Astoria condos will launch sales in the fall

Posted On Tue, June 11, 2019 By

Posted On Tue, June 11, 2019 By In condos, Hotels, Midtown East, New Developments

Photo by James and Karla Murray exclusively for 6sqft.

The redeveloped Waldorf Astoria residences have a new teaser website, and according to an announcement by the historic hotel’s owner, Beijing-based Anbang Insurance Group Co., the new condos will be called The Towers of the Waldorf Astoria. The Wall Street Journal reports that sales of 375 private residences at the storied hotel will begin in the fall.

The updated residences will offer “an unprecedented variety of layouts and sizes” along with exclusive private amenities that occupy an entire city block in addition to services from the Waldorf Astoria New York hotel. With completion planned for 2021, the hotel, operated by Hilton, will have 350 newly-built rooms and suites and renovated public and event spaces. Skidmore, Owings & Merrill (SOM) is the project’s architect, with hotel interiors designed by Pierre Yves Rochon. AECOM Tishman is managing the project’s construction and preservation efforts. Douglas Elliman Development Marketing will be handling sales of the new condos, with global real estate agency Knight Frank as its international sales partner.

The Waldorf Astoria closed in 2017 ahead of the massive renovation project. After the plans were announced, the Landmarks Preservation Commission designated the hotel’s first three floors as an interior landmark, meaning that the 1931 Art Deco spaces will have to be preserved, as 6sqft previously reported. Before closing, the 47-story building held a 1,232-room hotel with a separate wing of 181 high-end hotel rooms and short-term rentals in the adjacent Waldorf Towers.

Anbang acquired the hotel in 2014, and the fate of the Park Avenue icon became even more of a topic of discussion after the takeover of the company by the Chinese government and the incarceration of the company’s chairman, Wu Xiaohui, in 2017 during a fraud investigation. The hotel’s interior artifacts were carted off last spring by architectural salvage company Olde Good Things and put up for sale.

Executive Director of Development at Anbang Andrew Miller said in a statement, “The meticulous revitalization of this beloved landmark is well underway, and we cannot wait to show a global audience what we have been creating. This will be a rare opportunity to own a home at one of the most special addresses in the world.”

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Neighborhoods : Midtown East

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