NEW YORK, NY— Project team members from Starwood Capital Group, Tribeca Associates and Tishman Construction, an AECOM company, joined hundreds of construction tradespeople today to celebrate the topping out of Baccarat Hotel & Residences New York. Combined with the recent completion of the building’s exterior glass façade, the 50-story glass tower designed by Skidmore, Owings & Merrill continues to take shape ahead of schedule.
Attendees at the ceremony included Starwood Capital Group’s Senior Vice President Gavin Middleton, Tribeca Associates’ Founder and Managing Partner Bill Brodsky and Director of Construction Scott Beadle, as well as Tishman Construction’s President of New York Jay Badame, Executive Vice President Rob DeSanctis, Senior Vice President Frank DeGennaro, Senior Project Manager Robert Lombardi and Senior Project Superintendent Larry Long.
Located on 53rd Street just off Fifth Avenue across from the Museum of Modern Art, Baccarat Hotel & Residences New York will feature 114 guest rooms designed by Gilles et Boissier and 61 private residences conceptualized by Tony Ingrao that range from one- to four- bedrooms, including four full-floor units and a five-bedroom penthouse duplex with an outdoor loggia. It will also include a standalone 50-foot “crystal bar” pavilion surrounded by an outdoor terrace on the second floor, a full-service 10,000-square-foot spa complete with a 55-foot indoor pool and fitness facility, and a new French concept restaurant located on the street level.
With prices ranging from approximately $3.5 million to $60 million, Baccarat Residences offers layouts from approximately 934 square feet to the 7,381-square-foot penthouse. The Baccarat Residences New York sales center, located at 680 Fifth Avenue, is currently accepting appointments. Additional information can be found at www.baccaratresidencesny.com.
Baccarat Hotel & Residences New York is scheduled to open in late 2014, coinciding with the brand’s 250th anniversary.
*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 over $20 billion of equity capital and, through its various funds, has invested $16 billion representing over $41 billion in assets. Starwood Capital Group currently has $26.3 billion of assets under management. Starwood Capital Group maintains offices in Greenwich, Atlanta, San Francisco, Washington, D.C., Los Angeles, Chicago and Miami, and affiliated offices in London, Luxembourg, Paris 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
Tribeca Associates is a private, New York-based real estate development and acquisition firm, specializing in hospitality, residential and commercial assets. Since being founded in 2000, the firm has completed more than $1 billion in transactions. 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’ portfolio includes Baccarat Hotel & Residences New York, The Smyth Hotel and Residences, Artisan Lofts, and 170 Broadway. Additional information about Tribeca Associates can be found at www.tribecaassociates.com.
About Tishman Construction
Founded in 1898, Tishman Construction, a wholly owned AECOM subsidiary, is one of the world’s leading builders, currently managing construction for the 1,776-foot-high One World Trade Center, the Javits Convention Center expansion and renovation in New York, the new headquarters for the U.S. Department of Homeland Security in Washington, D.C., and the new Anaheim Regional Transportation Intermodal Center for high-speed trains in California. Known for successfully managing complex, iconic projects, Tishman is responsible for the construction of more than 450 million square feet of space, incorporating facilities of every size and type, including arts and culture, commercial, convention centers, education, gaming, government, healthcare, hospitality, residential, retail, sports and leisure, technology
and transportation. More information on Tishman Construction can be found at www.tishmanconstruction.com.
AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural, and social environments. A Fortune 500 company, AECOM serves clients in more than 140 countries and had revenue of $8.2 billion during the 12 months ended June 30, 2013. More information on AECOM and its services can be found at www.aecom.com.