Second Take: The Waldorf’s pandemic woes

The fate of NYC's hottest new ultra-luxury project is unclear

TRD NATIONAL /
Apr.April 14, 2020 09:30 AM

One of the most anticipated new development projects in recent New York history launched smack in the middle of a global pandemic.

The Waldorf Astoria hoped to cash in on its pedigree and attract well-heeled buyers from all across the planet. But the economy has ground to a halt over the past few weeks, and activity at the high-end sales market is virtually frozen. TRD reporter Sylvia Varnham O’Regan joined Associate Publisher Hiten Samtani to discuss the fate of the Waldorf and the broader new development market.


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