A teaser website reveals new details about the historic hotel now to be called The Towers of the Waldorf Astoria. The project will include 375 private condominium residences and 350 renovated hotel rooms. The residences should hit the market early 2020. The residential interiors and amenities will be designed by Jean-Louis Deniot, while Pierre-Yves Rochon took helm over the hotel public spaces. Art collector and auctioneer Simon de Pury will curate the art collection featured throughout the Towers. Amenities will include a private porte-cochere and an 82-foot lap pool.
We all know how slow the market has been especially the luxury market. "The owners are banking on the Waldorf’s history as the residence of choice among world leaders, celebrities, and the global elite” to attract buyers."
Beijing-based Anbang Insurance Group Co. acquired the Waldorf Astoria in 2014 for nearly $2 billion and the building closed in 2017 ahead of the massive renovation project. As 6sqft previously reported, the Landmarks Preservation Commission designated the hotel’s first three floors as an interior landmark. Some of those iconic Art Deco interiors—including the West Lounge, Grand Ballroom, and the Park Avenue lobby—are currently being restored by Skidmore, Owings, & Merrill.