The New York Post is reporting that Barry Sternlicht’s Starwood Capital and New York investment-development firm Tribeca Associates plan a $400 million, 45-story tower across the street from the main entrance to the Museum of Modern Art. It will reportedly include a super-luxury hotel on floors 4-12 and condo apartments on floors 14-45.
The article notes, however, that the Department of Buildings has yet to approve all the plans, and that there is still no word on how the hotel will be branded. The paper is betting on Baccarat, the super-luxury name to which Starwood’s SH Group owns the license.