If you have long admired the elegant designs of Baccarat glassware and chandeliers, be prepared to witness their luxury on a grand scale as the Baccarat Hotel & Residences New York will be opening in 2015. Located at 20 West 53rd Street, the property sits just off Fifth Avenue and across from The Museum of Modern Art, so it will be in very good company.
The $403 million development, a partnership between Starwood Capital and Tribeca Associates, a New York based real estate development company, rises 605 feet with 46 stories. Architecture firm, Skidmore Owings & Merrill, and interior designers, Gilles et Boissier, have deigned a building that literally glows from the inside out with crystal and light - exactly what we would expect from the glittering crystal brand. This "jewel box" of a building will feature 114 rooms including 26 suites, along with luxury residences that the real-estate investor hopes will be among the city’s most expensive on a square-foot basis. The hotel will feature Baccarat chandeliers, a boutique store selling crystal with price tags up to $10,000, with crystal museum pieces on display in the lobby. The Baccarat Hotel in New York is set to be one of the glitzy hotels to come on the scene in 2015.
This years marks the 250th anniversary for Baccarat. The hotel looks to capitalize on the elite image of Baccarat Crystal, the French manufacturer of fine glassware that Starwood acquired in 2005. Baccarat S.A. was created in 1764 by decree from King Louis XV. The company still operates and manufactures its products in the town of Baccarat in France. Throughout its history, Baccarat has designed magnificent crystal objects for some of the world's most colorful and important figures, such as Czar Nicholas II and the Maharajah of Gwalior.