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Carter's View

The ?Private Residences? at The Plaza Hotel will have their own entrance on Central Park South and a large garden court, shown at the right, with cascading fountain at the bottom of the building?s large rectangular lightwell.

Apartments will range from about $2 million for a one-bedroom unit facing the courtyard to about $40 million for a high floor unit facing Central Park.

A three-bedroom plus library unit with 3,068 square feet on the sixth floor at the southeast turret corner at 48th Street facing Fifth Avenue is priced at about $8,600,000. A two-bedroom unit with 2,348 square feet on the 13th floor is priced at $7 million.

A large billboard was erected today at the northeast corner of the building announcing the availability of the ?residences.? There will be a total of 181 apartments, all on the north and east sides of the building and the hotel rooms will be on the south side along 58th Street.

Not all of the apartments are available now. Units on the 4th, 7th, 8th, 10th, 11th, 12th, 14th, 15th, 16th, 18th and 19th floors will be ?released? at a later date.

The Plaza Hotel was designed by Henry J. Hardenbergh, the architect who designed the Dakota apartment building at 1 West 72nd Street, and opened in 1907. In 1921, Warren & Wetmore designed an expansion on 58th Street. The hotel?s exterior was designated a city landmark in the 1960s and eight of its public rooms were declared interior landmarks last July.

Elad Properties, which bought the Plaza last year for $675 million, received approval from the New York State Attorney General?s office for the condominium apartments, which are being offered for a total of $1,331,000,000. Elad is restoring many of the building?s spectacular interiors including the Palm Court where it will replace the ceiling with a leaded-glass lay light to recall the original.

The building is now surrounded by handsome steel structural supports for scaffolding.

Many of the smaller hotel rooms are being enlarged for the apartments and will have mosaic stone floors by Sicis. Kitchens will have Nero Marquina stone counters and Callacata marble tile backsplashes. Original features such as chandeliers, ornate mantelpices and decorative moldings will be preserved and restored where practical.

The address of the Plaza is 768 Fifth Avenue and 2 Central Park South. The hotel will have 152 suites available for purchase as hotel condominiums and its entrances will be on Grand Army Plaza facing Fifth Avenue and on 58th Street
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Architecture Critic Carter Horsley Since 1997, Carter B. Horsley has been the editorial director of CityRealty. He began his journalistic career at The New York Times in 1961 where he spent 26 years as a reporter specializing in real estate & architectural news. In 1987, he became the architecture critic and real estate editor of The New York Post.