Crystal-centric company Baccarat will open a mixed-use luxury property in Midtown, reports the New York Daily News. Apartments in the 50-story tower will range from $3.5 to $60 million.
The luxury real estate market is hot in New York. Starwood Capital Group, the owner of Baccarat, is behind the project.Skidmore, Owings & Merrillare the designers of the $60-million penthouse. It is the same design firm in charge of the One World Trade Center project. David Sternlicht, the founder of the Starwood Hotels, is behind the elaborate project.
The hotel and apartment project is the latest ultra-luxury development in an already hot market. But forget keeping up with the Joneses — the Baccarat is more staying in pace with the Rockefellers.