Ultra luxe the glass-walled Baccarat Hotel & Residences in New York scheduled to open in 2014 will be available only to world’s most discerning and ultra rich connoisseurs. Starwood Capital’s and Tribeca Associates’ in-progress Midtown crystal palace located just off Fifth Avenue on 53rd Street directly across from the Museum of Modern Art will offer 61 private residence as well as 114 hotel rooms including 26 suites.
The range for units in size will be from 1,000 square feet to 7,400 square feet, but there’s also the option to combine units in this 50-story tower. The one-bedroom will cost $3.5 million, while a duplex penthouse atop the tower will cost $60 million.
“Guests and residents (will) admire the company’s artisanship and commitment to perfection in both service and design,” said Barry Sternlicht, whose Starwood Capital Group owns Baccarat.
The outside was designed by Skidmore Owings & Merrill, the residences inside by Tony Ingrao. Among Ingrao’s design choices: custom bronze-work crackled with crystal, modern furnishings and floor-to-ceiling windows that capture the natural light outside and reflect a shimmering brilliance throughout each space. He is also making sure to incorporate a Baccarat chandelier as a signature feature in the foyer of each residence, to reinforce the branding and known style of the brand.
The hotel will have a crystal bar with a Parisian terrace reminiscent of the Tuileries Garden, and a bar and restaurant.
Lucky apartment owners will have access to all luxury hotel amenities and services including personal concierge and housekeeping services, 24-hour in-residence dining and access to the spa, indoor pool and fitness facility.
Total cost on the project is estimated to be slightly more than $400 million.