Scouting the High-End Competition
Stay or buy? Several other Manhattan properties include both hotel rooms and residences.
Trump International Hotel and Tower
1 Central Park West
The 52-story building was converted in 1997 from an office tower to the Trump International, which contains 158 hotel rooms and 166 condominiums. Residents have included socialite Sharon Sondes of the Lehman banking family, publisher Robert Ziff and, of course, Donald Trump. The property received a $30 million renovation in 2010 and is home to five-star restaurant Jean Georges.
Jumeirah Essex House
160 Central Park South
The 44-story Essex House includes 509 hotel rooms and about 150 condos. Built in 1931, the Essex was purchased in 2006 by the Dubai Investment Group and given a $90 million renovation. In 1979, R&B singer Donny Hathaway was found dead on the sidewalk outside the Art Deco tower; he is believed to have jumped from the 15th floor. Condo units range from roughly 500-square-foot studios to five-bedroom suites.
2 E. 61st St.
Currently owned by Taj Hotels Resorts & Palaces, the Pierre opened in 1930 as a 714-room hotel. The 42-story tower includes 189 guest rooms and 75 co-op units. Residents have included Elizabeth Taylor, Mohamed al-Fayed, Yves Saint-Laurent and Redstone. A three-story unit with 26-foot ceilings and a terrace is valued at about $70 million, making it one of the most expensive residences in the country.
768 Fifth Ave.
The landmark Plaza is owned by El-Ad Properties, which bought the 20-story property in 2004, shuttered it a year later and reopened it in 2008 after an extensive renovation that included the addition of 181 residences. Over the years, countless luminaries have stayed at the property, from The Beatles to Frank Lloyd Wright and Eloise (wink). Units in the 500-square-foot range start north of $1.5 million, and two-bedroom residences top $5 million.
Time Warner Center
10 Columbus Circle
Two interconnected 80-story towers house a 248-room Mandarin Oriental Hotel and 64 residences in addition to restaurants such as Per Se and Masa and shops like Tumi, Coach and Tourneau. Residents have included Jay-Z, Broadcast.com co-founder Todd Wagner, financier and Manhattan nightclub regular Taek Jho Low and New England Patriots star Tom Brady. Time Warner Center was the first major NYC project completed after 9/11.