Landmarks OKs Waldorf condo conversion

Most of the work involves restoration, repair and cleaning

New York /
Apr.April 26, 2017 05:15 PM

Anbang Insurance Group’s plan to turn the Waldorf Astoria hotel into condominiums received the green light from the Landmarks Preservation Commission this week.

Most of the work will involve repairs, restoration and cleaning, New York YIMBY reported. Architect Frank Mahan from Skidmore, Owings & Merrill, along with preservation consultant Bill Higgins of Higgins Quasebarth & Partners are taking the lead on the project.

Anbang TRData LogoTINY closed the 1,413-key hotel on March 1 to start its conversion work. Last month, it filed a “test the market” application with the New York state Attorney General’s office. The application shows it is considering building 409 apartments, instead of the 321 that was in its construction plans filed with the city’s Department of Buildings in November.

Anbang plans to put the condos on the 14th through the 44th floors, and keep 840 hotels rooms on the fifth through 13th floors.

Existing window openings will be restored, as will 141 spandrels. The cooling tower will be removed from view, and 80 new ventilation windows will be installed. Each elevation will get new sconces, and storefronts will be closer to their original condition, according to the website.

The company bought the hotel from Hilton Worldwide Holdings for $1.95 billion in 2014, and last summer announced it would keep the building’s Art Deco interiors. [NY YIMBY]Miriam Hall


Related Articles

arrow_forward_ios
The Observation Deck at Hudson Yards (Credit: Adam Pogoff)
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
Views from 1,100 feet: A tour of Related’s “the edge,” the tallest outdoor observation deck in the Western Hemisphere
The Strand Bookstore and store owner Nancy Bass Wyden (Credit: Getty Images)
Over owner’s protests, city landmarks Strand bookstore
Over owner’s protests, city landmarks Strand bookstore
These are the tallest towers underway in NYC
These are the tallest towers underway
in NYC
These are the tallest towers underway
in NYC
The price of a new home in China’s largest cities fell for the first time since 2015
New home prices in China’s largest cities fall for first time since 2015
New home prices in China’s largest cities fall for first time since 2015
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Real estate powers Blackstone’s best quarter ever
Terreno Realty CEO W. Blake Baird and an aerial of the property (Google Maps)
Terreno Realty pays $44M for NJ industrial site
Terreno Realty pays $44M for NJ industrial site
Madison Realty Capital Co-Founders Josh Zegen and Brian Shatz with a rendering of the River North development (Madison Realty Capital, FXCollaborative)
Madison Realty’s altered plans for SI complex approved
Madison Realty’s altered plans for SI complex approved
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
Pandemic forces mom-and-pop landlord to sell out
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...