By Stephen Jacob Smith 2/26 1:30pm

Manhattan Transfers

Starwood Capital's Baccarat Hotel & Residences won't even be the priciest new tower on 53rd Street.

Cut Glass: Baccarat Wants $60 M. For Its Crystal Penthouse

The sales office for 20 West 53rd Street, Starwood Capital’s Baccarat-branded hotel and condo tower isn’t having its grand opening until next week, but the fancy glass maker turned hotelier has already settled on a price for its crown jewel. The dark crystal’s penthouse unit is asking $60 million, according to BuzzBuzzHome, which got its hands on the asking price.

A call to the sales office didn’t yield any additional details, but they did confirm the pricing of the top-floor penthouse, or “the pinnacle,” as Baccarat puts it. For $60 million, the buyer will get a duplex with 7,381 square feet of interior floor space, plus a 417-square foot balcony, according to BuzzBuzzHome. The unit has five bedrooms and 5.5 baths (the master with a floating sculptural tub). No word on whether or not chandeliers will be included. Read More

By Matt Chaban 9/24/12 2:39pm

Dizzying Designs

Hello, Central Park.

Just How Many Skinny Luxury Towers Can We Jam Onto 57th Street? Well, Here’s Another 51-Story Doozy

Forget Park Avenue, forget Central Park West, forget Bond Street. Pretty soon, 57th Street is going to be the place to live in New York.

Already we have the uber-hyped One57, where billionaires buy condos pushing $100 million. The taller-than-1WTC 432 Park is just beginning to rise a few blocks away, with the recent revelations its penthouse will be asking $85 million. And at some point in time, Gary Barnett, the man responsible for One57, will begin work on another luxury tower on the corner of Broadway and 57th Street.

As if that were not enough, here comes a 51-story bolt of luxury to the heart of Manhattan. Read More

By Matt Chaban 6/19/12 5:05pm

on the waterfront

8 Photos

A Marvel on the Shore

Anchormen: A New Hotel and Other Developments as Brooklyn Bridge Park’s Pier 1 Approved

As expected, a team of Toll Brothers and Starwood Capital won the right to develop Pier 1 at Brooklyn Bridge Park today. They will be building a new hotel of 200 rooms and a neighboring apartment building with 159 units, a complex that peaks near Fulton Street entrance and sloping down toward the park. The project is designed by Rogers Marvel Architects, whom Toll has initially tapped, with Dumbo-based Bernheimer Architects apparently getting the boot. There will be no mash-up on the shore here. Read More

By Matt Chaban 3/06/12 1:17pm

on the waterfront

9 Photos

Starwood Capital/Alloy Development/Bernheimer Architecture/nArchitects

Vacancies at Brooklyn Bridge Park: Hotel Requirement Sinks Developers

Brooklyn Bridge Park has transformed the borough’s waterfront, replacing derelict warehouses with yuppie-packed lawns and playgrounds. The project would not be possible without the controversial private development surrounding it, a handful of apartment buildings, retail outlets, even a hotel. After all, who wouldn’t want to spend the night in New York overlooking the Brooklyn Bridge?

The developers vying for the right to develop Pier 1, that’s who. Read More

By Carl Gaines 2/27/12 1:00pm

Financing

dreamworks

Starwood, Blackstone Partner to Save Office Complex

Greenwich, Connecticut-based Starwood Capital has brought in Blackstone as a partner to save its investment in the 1.7-million-square-foot Pacific Shores Center office complex in Redwood City, Calif. The partners are now looking for a $275 million mortgage to get rid of the property’s overdue debt. Read More

By Dana Rubinstein 5/19/08 2:02pm

Eco-Friendly Bryant Park Hotel to Break Ground This August

Finally, tourists will have a place to stay in Manhattan.

Developers filed plans on Friday for the View at Bryant Park, a good year after the Landmarks Preservation Commission approved designs for a 31-story cloud-buster at 20 West 40th Street. The site has since had to go through ULURP, the city’s land-use review.

John Read More