Second Take: The Waldorf’s pandemic woes

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

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
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”
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
What will proptech look like in 2019 and beyond?
(Photo Illustration by The Real Deal with Getty)
New listings in Manhattan, Brooklyn rise for first time in 4 months
New listings in Manhattan, Brooklyn rise for first time in 4 months
Tamir Shemesh and Ryan Serhant
Top broker Tamir Shemesh out at Serhant
Top broker Tamir Shemesh out at Serhant
Louis Buckworth with 520 Park Ave
520 Park Avenue unit sells for $22M in rare resale
520 Park Avenue unit sells for $22M in rare resale
Williamsburg apartment buildings
Williamsburg penthouse tops Brooklyn’s luxury contracts
Williamsburg penthouse tops Brooklyn’s luxury contracts
10 Riverside Boulevard (One Waterline Square, Getty)
Holiday hangover: Manhattan’s luxe market is stuck
Holiday hangover: Manhattan’s luxe market is stuck
Hiten Samtani
Watch: CoStar makes its biggest resi Move yet
Watch: CoStar makes its biggest resi Move yet
arrow_forward_ios

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

Loading...