The Anbang Insurance Group Co. is planning to convert up to 1,100 hotel rooms of the 1,413-key Waldorf Astoria into an undisclosed number of condominiums. The 47-story, 625-foot-tall luxury hotel is at 301 Park Avenue, located on the block between East 49th and 50th streets in Midtown East. The hotel-to-residential conversion would retain between 300 to 500 hotel rooms, which will also see renovations of their own, according to the Wall Street Journal. The project is expected to cost $1 billion, and would close the Waldorf Astoria for up to three years. Hilton Worldwide Holdings Inc. will remain the hotel operator following the conversion. The Landmarks Preservation Commission will have to approve any exterior alterations. The hotel played host to the president of the United States for decades until China-based Angang acquired the property, an individual landmark, for $1.95 billion in 2015. During last year’s United Nations General Assembly, President Barack Obama stayed at the Lotte New York Palace Hotel.
Singer Financial Corporation is finally moving forward with redeveloping the long-vacant former P.S. 64 facility at 350 East 10th Street, in the East Village, into a 225-unit student dormitory. The developer recently secured a $44 million loan for the project, dubbed University House, Commercial Observer reported. The 152,000-square-foot building, an individual landmark, will be able to accommodate 535 students for the Cooper Union and the Joffrey Ballet School. Amenities include a fitness center, outdoor terraces, storage for 113 bikes, laundry facilities, a student health center, a private study, a lounge, and a café. TriBeCa-based Curtis + Ginsberg Architects is the architect of record. Redevelopment of the property, acquired in 1999 for $3.15 million, has been in legal limbo for the past few years. Exterior alterations to the building were approved by the Landmarks Preservation Commission in June of 2013.
The year 2015 marked the 50th anniversary of the law that created the New York City Landmarks Preservation Commission. It was full of celebration, and education. However, it is 2016 when the future of the commission is being decided.
On Tuesday, the Landmarks Preservation Commission approved the design of a new four-story, single-family home to be constructed at 108 West 123rd Street in Manhattan. That’s on the south side of the block between Lenox Avenue and Adam Clayton Powell Jr. Boulevard.
A five-story, single-family mega-mansion project at 11 Hubert Street, in TriBeCa, technically an expansion and redevelopment of an existing three-story mixed-use structure, has received approval from the Landmarks Preservation Commission, Curbed NY reported. The project’s design, which has seen minor changes since a previous proposal from January, is the work of Maya Lin Studio and Bialosky + Partners Architects. The latest filings with the Buildings Department detail a 55,080-square-foot mansion fit with five bedrooms, a private pool in the cellar, a landscaped courtyard, and a 5,000-square-foot fitness center. The family behind the project has not yet been disclosed, nor has a construction timeline. The site sits within the TriBeCa West Historic District, which is why approval from the LPC was required.