This past Wednesday, Silverstein Properties and Four Seasons Hotels and Resorts hosted an official ribbon cutting ceremony for the Four Seasons Hotel New York Downtown at 30 Park Place in Tribeca. Present for the luxury hotel's second NYC location were Larry Silverstein of Silverstein Properties, Robert A.M. Stern of Robert A.M. Stern Architects, J. Allen Smith of Four Seasons Hotels and Resorts, and Peter Humig, the hotel’s General Manager.
After a short welcoming announcement, Humig invited Silverstein up to the podium. “Mr. Downtown” spoke of the project’s conception before the 2008 recession, and gave his gratitude to financial backers for sticking with the project. He classified the project as the answer to his wife’s suggestion that he diversify his portfolio, which also consists of downtown locations at 2, 3, 4, and 7 World Trade. Silverstein highly lauded the Four Seasons for its truly unparalleled service, offering an anecdote of his stay at the hotel in Hong Kong a few years ago. There, the manager had arranged for him and his colleagues to tour the tallest tower in the city with just one hour’s notice, even though it happened to be a very important holiday.
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Robert A.M. Stern began his speech by noting that all in the audience had probably seen him “go for a ride” with Silverstein, referring to a short marketing video for 30 Park Place in which the two ride around the city in a red-seated car. Stern then spoke of his personal attachment to the development, remembering his humble beginnings in Brooklyn. As a boy, the renowned architect would look to the Downtown skyline in respect and awe, and was dismayed to see its decline during the 60s and 70s. He is proud to play his part in restoring it.
The hotel occupies the first 22 floors of the tower and comprises 175 rooms. Above, the tower hosts 157 luxury condos, with Penthouse 82 on the 82nd floor standing as the pinnacle. At a height of 930 feet, the tower reigns as the tallest residential building in Downtown Manhattan, and Penthouse 82 reigns as the highest private outdoor space in the entire city. Interiors feature ceiling heights of up to 13-feet 10-inches, white oak wood floors, oversized double-paned windows, Gaggenau appliances, and Bilotta cabinetry. The Penthouse Residences boast French limestone fireplaces, outdoor terraces, walk-in closets, elegant libraries, fully equipped laundry rooms, and dedicated service entrances.
Due for completion this year, the condos will also have access to the Four Season’s amenities and services. The tower features a 75-foot, three-lane swimming pool, a Roto Group-designed children’s playroom, a fitness center with a private yoga studio and personal training services, a ballroom, a spa. Other services include a concierge, room service, catering services, grocery and floral provisions, and housekeeping and laundry services. The base of the building hosts CUT, Wolfgang Puck’s first restaurant in the city.
Current condo availabilities include 3-bedrooms from $7.25 million, a 4-bedroom for $9.3 million, the 3-bedroom Penthouse 82 for $30 million, and the 5-bedroom Penthouse 78A for $32.5 million. There are also twelve 2- and 3-bedroom units for rent from $14,995/month. In Tribeca, there are currently 255 condos for sale for a median price of $2,350 per square foot. The average closing price for a condo in the area this October was $2,380 per square foot, up from last October's average closing price of $1,961 per square foot.
Would you like to tour any of these properties?
Contributing Writer
Katy Cornell
Katy Cornell is a Long Island native with a passion for writing about real estate in the big city. She recently graduated from the University of Virginia with a BA in English and is a frequent contributor to CityRealty's Market Insight and NYC real estate blog 6sqft.
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