For $18.75 Million, You Can Stay Lavishly within the Waldorf Astoria

The Waldorf Astoria New York, which has been closed since 2017, is promoting new residences, with some already occupied earlier than the revamped resort reopens this spring.

The resort — an Artwork Deco masterpiece by Schultze and Weaver on Park Avenue in Manhattan — all the time had a residential part: It was house to everybody from Cole Porter, Marilyn Monroe, Frank Sinatra and the Duke and Duchess of Windsor to Presidents Herbert Hoover, Harry S. Truman and Dwight D. Eisenhower. The constructing’s exterior was designated a landmark by the Landmarks Preservation Fee in 1993 and elements of its inside had been designated by the identical physique in 2017.

The residences within the unique constructing had been resort rooms or suites for which occupants paid long-term room charges.

The constructing has been renamed Waldorf Astoria New York, with residents of Waldorf Astoria Residences New York having their very own entrance at 303 Park Avenue, barely north of the resort’s primary entrance. Flooring one to 5 will probably be occupied by the resort’s foyer and performance areas, and flooring six to 12 will include resort visitor rooms.

The 372 residences, ranging in dimension from 564 sq. ft to over 6,500 sq. ft, with 125 layouts, will occupy flooring 19 to 52. The facilities for the residences will occupy flooring 19 and 25 to 27. Costs begin from $1.875 million for studios to $18.75 million for 4 bedrooms. Gross sales of the residences — managed by Douglas Elliman Improvement Advertising and marketing — started in 2021, and homeowners started occupying them final December.

Residents of the Waldorf Astoria Residences New York can purchase furnished residences, in response to Loretta Shanahan, senior director of gross sales. “For people who spend weekdays right here and weekends elsewhere, buying a furnished residence ensures a seamless, easy way of life,” she mentioned.

B & B Italia is offering heat and funky colour palettes for furnishings and equipment within the residences. Kitchen home equipment are by Gaggenau. Bang & Olufsen is providing non-compulsory audiovisual packages. Loos include heated flooring, rain showers and custom-designed vanities.

The resort was offered for $1.95 billion in 2014 by Hilton, its earlier proprietor, to Anbang Insurance coverage Group, a Chinese language firm that closed the constructing in 2017 to revive and renew it, aiming to reopen it in 4 years.

However the Chinese language authorities seized management of Anbang in 2018, sending its chairman to jail for fraud, and created the Daija Insurance coverage Group in 2019 to imagine management over Anbang’s belongings. Daija now owns the resort and residences.

The Waldorf Astoria New York’s restoration and renewal course of has dragged on far longer than initially anticipated, due to its change in possession, world provide chain points and elevated prices ensuing from the Covid-19 pandemic.

Skidmore, Owings & Merrill, or S.O.M., was employed by Daija to develop and current a plan to the Landmarks Preservation Fee for the Waldorf that blends adaptive reuse, preservation and restoration.

“This can be a historic constructing and, as such, has columns, beams and punched home windows, as an alternative of flat slabs and glass curtain partitions like a brand new constructing would possibly,” mentioned Frank Mahan, a principal and adaptive reuse apply chief at Skidmore, Owings & Merrill. “We used these options to provide the residential items character.”

S.O.M., which has collaborated with Constructing Conservation Associates on the mission, found in its analysis that the unique Waldorf constructing contained shut to five,600 home windows with metal frames painted heat grey. The agency additionally found that solely one of many unique home windows nonetheless existed, and used it as a mannequin for the constructing’s new home windows, which have an aluminum body and energy-efficient double glazing.

The very prime of the constructing incorporates two copper pinnacles that initially housed the Waldorf Astoria’s mechanical methods. The copper has been totally restored, and the 2 pinnacles have been transformed into penthouse duplexes, whose the specifics have but to be launched.

Residents may have entry to over 50,000 sq. ft of recent facilities, together with a non-public porte-cochere, with 24-hour valet service, on East fiftieth Road between Park and Lexington Avenues; and a non-public membership on the nineteenth flooring described as “a first-class enterprise facility.”

The inside design of the residences is by the designer Jean-Louis Deniot, and Simon de Pury, an artwork collector and auctioneer, is curating art work on show within the residences’ personal foyer and elsewhere.

The interviews under have been evenly edited for size and readability.

Mr. Mahan on adaptive reuse:

To plan a brand new future for the Waldorf Astoria, we started with deep analysis into its historical past. We scrutinized the unique architects’ design intent, the constructing’s present development circumstances and the Waldorf’s wealthy cultural historical past. Solely by understanding its historical past, the adjustments remodeled time and modern necessities can we chart a brand new future for a constructing as vital as this.

By balancing preservation, restoration and adaptive reuse all through, we leveraged the constructing’s configuration — from column placement to window association — to create character, moderately than work towards these components. This has allowed us to create modern properties and facilities by which the previous is nonetheless current.

Ms. Shanahan on residential choices:

Our clientele spans almost each nook of the globe. Many are downsizing or in search of a change in way of life. For these residing in buildings that won’t present a full vary of facilities, our property presents a brand new lifestyle. Immediately, each rental and condominium buildings in New York are more and more centered on delivering enhanced facilities to fulfill the evolving expectations of their residents.

In each facet, throughout each perform, you may sense the Artwork Deco affect, nevertheless it’s an Artwork Deco such as you’ve by no means skilled earlier than. I pushed it additional into Modernism, past the standard kinds we’re accustomed to. It’s reminiscent, however appears like a recent tackle the Artwork Deco spirit.