Starwood Capital Group, in partnership with Tribeca Associates, today announced the official start of sales for Baccarat Hotel & Residences New York, located just off Fifth Avenue on 53rd Street directly across from the Museum of Modern Art. Poised to be one of Manhattan’s most prestigious addresses, Baccarat Hotel & Residences New York marries brilliant design with exceptional service and amenities that reflect the richness of the venerable French crystal company’s nearly 250-year heritage.
Designed by the award-winning architects of Skidmore Owings & Merrill, the striking 50-story glass tower will feature 61 private residences designed by Tony Ingrao that range in size from one- to four-bedrooms, including four full-floor units and one five-bedroom penthouse duplex with outdoor terrace. In addition, the tower will feature a luxury hotel, with 114 rooms including 26 suites, that will be the global flagship for Baccarat Hotels.
Drawing inspiration from the brilliance and artisanship of the crystal company’s design history, Baccarat Hotel & Residences was fortunate to enlist one of Manhattan’s most distinguished interior designers, Tony Ingrao, to conceptualize the distinct interior design for the building’s private residences. A long-time admirer of the Baccarat brand, Ingrao brings an exceptional understanding of architecture and innate sense of elegance and luxury to the residences, his first full-scale development project.
The Residences will have a private entrance and feature sophisticated finishes that combine natural elements with contemporary concepts including: custom bronze-work crackled with crystal, modern furnishings and floor-to-ceiling windows that capture the natural light outside and reflect a shimmering brilliance through each space. A Baccarat chandelier will also be incorporated as a signature feature in the foyer of each residence, reinforcing Baccarat’s reputation for creating exquisite pieces of art.
The master bath is generously outfitted with a free-standing soaking tub, glass-enclosed shower and rich white marble, including the floor, walls and vanity. True to the brand’s commitment to perfection, only the finest brands and technology are incorporated throughout, Miele and Sub-Zero in the kitchens, LG washers and dryers, as well as Kallista wash basins. Each residence is also equipped with fully automated Crestron controls to adjust lighting, audio/visual, heating/cooling, and window shades.
Residential owners will have complete access to all luxury hotel amenities and services including personal concierge and housekeeping services, 24-hour in-residence dining and access to the beautifully designed spa, indoor pool and fitness facility. The luxury hotel will also feature a standalone “crystal bar” surrounded by an outdoor Tuileries-style terrace, and a bustling bar and restaurant, all of which will provide a luxury lifestyle experience unlike any other in Manhattan.
With prices ranging from $3.5 million to $60 million, Baccarat Residences offer layouts from approximately 1,000 square feet to 7,400 square feet, with the option for buyers to combine units.
Originally created by decree from King Louis XV, Baccarat is renowned for unmatched craftsmanship, innovation and stunning design since 1764, matching the desires of its illustrious clientele: Czar Alexander the Great, the King of Thailand and Coco Chanel. The company still operates and manufactures its products in the picturesque town of Baccarat in the Alsace-Lorraine region of France, where only absolutely perfect crystal creations are allowed to bear the Baccarat name. The same will be true at Baccarat Hotel & Residences New York where the property will embody perfection in every facet of service and design. Baccarat Hotel & Residences New York will open in 2014, coinciding with the crystal company’s 250 year anniversary.
The Baccarat Residences New York sales center, located at 680 Fifth Avenue, is now open and accepting appointments. Corcoran Sunshine Marketing Group is managing all sales and marketing efforts for Baccarat Residences. www.baccaratresidencesny.com
*Prices and availability are subject to change without notice.
ABOUT STARWOOD CAPITAL GROUP
Starwood Capital Group is a private, U.S.-based investment firm with a core focus on global real estate. Since the group’s inception in 1991, the firm has raised more than $16 billion of equity capital, and through its various funds, has invested $13.7 billion representing over $36 billion in assets. Starwood Capital Group currently has more than $22 billion of assets under management. Starwood Capital Group maintains offices in Greenwich, Atlanta, San Francisco, Washington, D.C., Chicago and Los Angeles, and affiliated offices in London, Luxembourg, Paris, Mumbai and Sao Paulo. Starwood Capital Group has invested in nearly every class of real estate on a global basis, including office, retail, residential, senior housing, golf, hotels, resorts and industrial assets. Starwood Capital Group and its affiliates have successfully executed an investment strategy that includes building enterprises around core real estate portfolios in both the private and public markets. Additional information about Starwood Capital can be found at www.starwoodcapital.com.
ABOUT TRIBECA ASSOCIATES
Founded in 2000, Tribeca Associates is a private, New York-based real estate development and acquisition firm led by Bill Brodsky, Elliott Ingerman and Mark Gordon. Leveraging years of experience in the New York marketplace, the firm’s partners are guided by a hands-on entrepreneurial approach and high-level involvement in each project that distinguishes Tribeca Associates and results in the creation of exceptional assets. Tribeca Associates is dedicated to creating value through its extensive expertise in developing landmark hospitality, residential and commercial assets in Manhattan that reflect the uniqueness and attributes of each location. In addition to Baccarat Hotel & Residences New York, recent projects include The Smyth Hotel and Residences, Artisan Lofts, and 170 Broadway. For more information please visit www.tribecallc.com.
ABOUT CORCORAN SUNSHINE MARKETING GROUP
With 25 years of experience in marketing and collective sales in excess of $25 billion, Corcoran Sunshine Marketing Group is the recognized industry leader in the planning, design, marketing, and sale of luxury residential development. Representing properties throughout the United States and in select international locations, Corcoran Sunshine Marketing Group’s portfolio contains a curated collection of the world’s most desirable new addresses.
