Anbang Insurance Group has announced the second phase of the restoration efforts at Waldorf Astoria New York. AECOM, a fully integrated global infrastructure firm, has been engaged through its AECOM Tishman business to oversee the construction underway to preserve and transform the property, which is located at 301 Park Avenue. AECOM Tishman served as the construction manager of record for the building’s initial demolition and pre-construction phase, which began in November 2017 in preparation for new construction within the hotel.
AECOM Tishman’s ongoing work includes construction throughout the building’s hotel and residential components, targeting completion in 2021. The property’s on-site residential sales office is also under construction at the corner of Park Avenue and 50th Street, in anticipation of the start of condominium sales next year.
Anbang has also engaged the expertise of consultants to oversee the preservation of several iconic Waldorf Astoria items, including the Cole Porter piano, the World’s Fair Clock Tower, the Kennedy Rocking Chair and the MacArthur Desk.
Upon completion, Waldorf Astoria New York will offer approximately 350 residential condominiums, approximately 350 new hotel rooms and suites and renovated public and event spaces for guests. The entry-level room category for the Waldorf Astoria New York hotel will be 650 square feet on average. Architectural firm Skidmore, Owings & Merrill (SOM) is the Executive Architect for the entire project, and interior designer Pierre Yves Rochon (PYR) is designing the hotel’s interiors and guest rooms.
Waldorf Astoria New York is a famous luxury hotel and was often the site of well-known events including The Paris Ball, International Debutante Ball, the Alfred E. Smith Memorial Foundation Dinner, political meetings during the Cold War and the hosting of numerous world leaders and celebrity guests.