Plans for “Plaza Retail Collection” Set the Stage for Elegant Shops, Internationally Renowned Boutiques and Destination Restaurants
10/19/2006
10/19/2006
NEW YORK, NY — Plans for The Plaza Retail Collection, a defining gathering of the world’s most luxurious shops, high end boutiques and destination restaurants, located in the most elegant and spectacular public spaces within the iconic landmark at the corner of Fifth Avenue and Central Park, were unveiled by Miki Naftali, president of Elad Properties, owner of The Plaza.
The sweeping collection will occupy 160,000 square feet on six levels offering New Yorkers and visitors from around the world an unparalleled international shopping and dining experience, graced by restored historic areas seamlessly linked to complementary contemporary interiors. The fully restored magnificent Fifth Avenue entrance will lead to the various worlds of The Plaza—to the retail collection (which will also have its own direct entrance from 58th Street), to the new double height hotel lobby (also with an entrance from West 58th Street), and at the center of it all, the storied Palm Court.
“The life and history of The Plaza will come alive once more, setting the stage for the grand and continuing New York story that is The Plaza’s heritage and future,” said Mr. Naftali. “It will unfold in its wonderful shops, restaurants and fabled Ballroom. It will be a place to select a special gift, a place to celebrate, a place to pause for a drink, a meal, a night or a lifetime,” he said.
Shoppers and visitors entering the Fifth Avenue lobby will be treated to an interior vista unseen since The Plaza’s opening and earliest years—stretching from the Palm Court half a city block in distance to the restored Terrace Room with its elegant retail space. The Palm Court will feature a 1,200-square-foot stained glass ceiling, recreated from historic black and white photos and three colored glass shards recovered from the original 1907 structure. The interior skylight (called a “laylight”), dramatically lit from above, had been removed more than half a century ago.
The restored Palm Court will continue to provide its gracious welcome as it always has, but with a distinguishing difference, as well. Shoppers will be able to enjoy their afternoon tea, and then simply cross the threshold to the adjoining Terrace Room or cross the corridor to the Edwardian Room to continue their expedition—in two of the most spectacular and important retail settings in Manhattan.
The Terrace Room, with 5,000 square feet on distinctive, graduated floors--plus 1,400 square feet on the mezzanine—flows from the Palm Court into a series of showcase luxury environments. The Edwardian Room, with its oak wainscoting, soaring vaulted oak ceilings and oversize windows wrapping around Central Park South and Grand Army Plaza, fully restored to its 1907 grandeur, is destined to become one of the city’s most celebrated and inviting retail destinations. With some 3,800 square feet on the ground floor and another 1,100 square feet on a mezzanine above, the Edwardian Room will be a flagship location for top fashion boutiques.
The Oak Bar and the Oak Room will continue to add to their legends, while the Grand Ballroom will continue to provide an elegant setting for memorable family, social and civic celebrations. Complementing the Grand Ballroom will be meeting and conference rooms, as well as special bridal suites; the banquet space will total 45,000 square feet.
Just below the street level floor will be a new 53,000-square-foot concourse—a rare expanse in a luxury location providing an ideal setting for elegant shops and food purveyors from around the world.
The signature Plaza Retail Collection will also feature a spa, beauty salon and state-of-the-art fitness center with a 100-foot lap pool.
The Plaza will also contain 182 Private Residences, as well as 282 hotel rooms and suites. The hotel will have 152 Hotel Condominium Residences available for purchase, assuring their owners of a gracious perch to meet their personal travel needs. At other times they will function along with 130 other generous rooms to serve overnight guests.
The new hotel lobby along West 58th Street (the former hotel lobby on Central Park South will be the exclusive entrance for The Plaza’s magnificent Private Residences) will be a spacious and welcoming classically designed interior. Like many of Europe’s most distinguished and storied hotels, the lobby will extend into a series of discrete sitting areas where guests and visitors can meet for a drink, for conversation, or to enjoy the scene and gauge the pulse of the ultimate cosmopolitan city.
The Plaza will also feature a reclaimed interior courtyard patterned after the great hotels of Europe. It will be designed as a lushly landscaped sanctuary and quiet retreat, with a flowing water course connecting a reflecting pool and fountain.
The $350 million roof to lobby renovation began in April 2005. It is anticipated that the first purchasers will occupy their residences in the first quarter of 2007, with the hotel opening during the next quarter, followed by the retail space and restaurants early in the third quarter. The grand opening of The Plaza is scheduled for October 2007 to celebrate the landmark’s 100th anniversary.
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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The sweeping collection will occupy 160,000 square feet on six levels offering New Yorkers and visitors from around the world an unparalleled international shopping and dining experience, graced by restored historic areas seamlessly linked to complementary contemporary interiors. The fully restored magnificent Fifth Avenue entrance will lead to the various worlds of The Plaza—to the retail collection (which will also have its own direct entrance from 58th Street), to the new double height hotel lobby (also with an entrance from West 58th Street), and at the center of it all, the storied Palm Court.
“The life and history of The Plaza will come alive once more, setting the stage for the grand and continuing New York story that is The Plaza’s heritage and future,” said Mr. Naftali. “It will unfold in its wonderful shops, restaurants and fabled Ballroom. It will be a place to select a special gift, a place to celebrate, a place to pause for a drink, a meal, a night or a lifetime,” he said.
Shoppers and visitors entering the Fifth Avenue lobby will be treated to an interior vista unseen since The Plaza’s opening and earliest years—stretching from the Palm Court half a city block in distance to the restored Terrace Room with its elegant retail space. The Palm Court will feature a 1,200-square-foot stained glass ceiling, recreated from historic black and white photos and three colored glass shards recovered from the original 1907 structure. The interior skylight (called a “laylight”), dramatically lit from above, had been removed more than half a century ago.
The restored Palm Court will continue to provide its gracious welcome as it always has, but with a distinguishing difference, as well. Shoppers will be able to enjoy their afternoon tea, and then simply cross the threshold to the adjoining Terrace Room or cross the corridor to the Edwardian Room to continue their expedition—in two of the most spectacular and important retail settings in Manhattan.
The Terrace Room, with 5,000 square feet on distinctive, graduated floors--plus 1,400 square feet on the mezzanine—flows from the Palm Court into a series of showcase luxury environments. The Edwardian Room, with its oak wainscoting, soaring vaulted oak ceilings and oversize windows wrapping around Central Park South and Grand Army Plaza, fully restored to its 1907 grandeur, is destined to become one of the city’s most celebrated and inviting retail destinations. With some 3,800 square feet on the ground floor and another 1,100 square feet on a mezzanine above, the Edwardian Room will be a flagship location for top fashion boutiques.
The Oak Bar and the Oak Room will continue to add to their legends, while the Grand Ballroom will continue to provide an elegant setting for memorable family, social and civic celebrations. Complementing the Grand Ballroom will be meeting and conference rooms, as well as special bridal suites; the banquet space will total 45,000 square feet.
Just below the street level floor will be a new 53,000-square-foot concourse—a rare expanse in a luxury location providing an ideal setting for elegant shops and food purveyors from around the world.
The signature Plaza Retail Collection will also feature a spa, beauty salon and state-of-the-art fitness center with a 100-foot lap pool.
The Plaza will also contain 182 Private Residences, as well as 282 hotel rooms and suites. The hotel will have 152 Hotel Condominium Residences available for purchase, assuring their owners of a gracious perch to meet their personal travel needs. At other times they will function along with 130 other generous rooms to serve overnight guests.
The new hotel lobby along West 58th Street (the former hotel lobby on Central Park South will be the exclusive entrance for The Plaza’s magnificent Private Residences) will be a spacious and welcoming classically designed interior. Like many of Europe’s most distinguished and storied hotels, the lobby will extend into a series of discrete sitting areas where guests and visitors can meet for a drink, for conversation, or to enjoy the scene and gauge the pulse of the ultimate cosmopolitan city.
The Plaza will also feature a reclaimed interior courtyard patterned after the great hotels of Europe. It will be designed as a lushly landscaped sanctuary and quiet retreat, with a flowing water course connecting a reflecting pool and fountain.
The $350 million roof to lobby renovation began in April 2005. It is anticipated that the first purchasers will occupy their residences in the first quarter of 2007, with the hotel opening during the next quarter, followed by the retail space and restaurants early in the third quarter. The grand opening of The Plaza is scheduled for October 2007 to celebrate the landmark’s 100th anniversary.
The country’s leading independent real estate firm specializing in retail leasing and investment sales, Robert K. Futterman & Associates (RKF) serves a broad spectrum of domestic and global clients in services ranging from national tenant and owner representation to advisory, consulting and disposition. With over $4 billion in aggregate real estate transactions to its credit, RKF has been responsible for identifying scores of real estate opportunities throughout the United States for leading American and international chains, retailers, developers and institutional clients. RKF is headquartered in New York with offices in Las Vegas, Los Angeles and San Francisco.
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