Crown Building’s five-story penthouse is the latest to join Midtown’s $100M+ club
Penthouse rendering (Aman Resorts)
Taking its name from an elaborate pyramid-shaped crown, the Crown Building at Fifth Avenue and 57th Street has been described as one of the city’s most desirable retail locations. Michael Shvo and Russian developer Vladislav Doronin bought the non-retail upper floors of 730 Fifth Avenue in 2015 and filed plans to redevelop the Billionaires’ Row property, and new details have been revealed, CityRealty reports. An 83-key luxury hotel with a three-story spa, a members-only lounge, a jazz club and cigar bar and two restaurants will start on the fourth floor. Above the hotel, 20 luxury condominiums known as Aman New York Residences will start on the 11th floor. The building’s crown jewel will be a 14,000 square-foot five-story penthouse on floors 22-26 asking $100 million.
Aman New York pool rendering (Aman Resorts)
Below the penthouse, the building’s condos will start at $5.9 million for a one-bedroom. Amenities accessible to residents and hotel guests will also include a 22,000-square-foot spa with an 80-foot indoor swimming pool surrounded by fire pits and lounging areas. SLCE is the architect of record for the conversion.
The Crown Building (Aman Resorts)
High-end jeweler Bulgari signed a 15-year lease in the ground-floor retail space in 2015, setting a new city rent record at approximately $5,500 per square foot. Recently luminaries like Jill Biden, Misty Copeland, Mario Testino, Ruby Rose and Bella Hadid attended the jeweler’s recent reopening celebration. Peter Marino revamped the retail space with marble doorways, a white Lasa marble mosaic on the floor, and an intricate gold façade inspired by a 1930s-era Bulgari bracelet.
Bulgari New York flagship store (Bulgari/Massimo Listri)
[Via CityRealty]
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