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.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Here are the week’s top luxury sales
“People are looking for that bubble”: Brick Underground’s Teri Rogers on a residential market under lockdown

“People are looking for that bubble”: Brick Underground’s Teri Rogers on a residential market under lockdown

“People are looking for that bubble”: Brick Underground’s Teri Rogers on a residential market under lockdown
“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think

“5 years ago, people would say, what’s a TikTok?” Bill Rudin on why NYC’s office market may be more resilient than you think
Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings

Inside South Florida’s mall, retail and restaurant reopenings
“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space

“We’re not in the business of land-grabbing:” Hana CEO on the future of flex space
Facebook CEO Mark Zuckerberg (Getty)

“Large pools of talent”: Mark Zuckerberg touts remote-work plan

“Large pools of talent”: Mark Zuckerberg touts remote-work plan
arrow_forward_ios

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

Loading...