Mandarin Oriental has signed a management agreement
for 69 luxurious
residences on Fifth Avenue, New York.
Scheduled for completion in 2021,
the Mandarin Oriental Residences
at 685 Fifth Avenue are being developed in an elegant 1920's
building on the corner of Fifth Avenue and 54th Street.
Residences will feature a variety of facilities including a
library and lounge on the top floor of the building with
views over Central Park. A gym, a spa with beauty
treatment rooms, and a rooftop pool with cabanas and lounge beds, will all be serviced by Mandarin Oriental. The property will also
offer an all-day dining restaurant.
“We look forward to introducing a
new collection of Mandarin Oriental Residences to New York. The
development will offer owners a unique pied-a-terre lifestyle in
an ideal location, steps away from Central Park and Manhattan’s
renowned luxury shopping, museums and fine dining choices.
Mandarin Oriental’s attention to detail and legendary service will
enhance the living experience of the residents,” said James Riley,
Group Chief Executive of Mandarin Oriental Hotel Group.
The owners and
developers of the project are SHVO, BLG Capital and Deutsche
“What I love the most about New York City real estate is
reimagining a living space, a building, and even the way we can
interact with a world-renowned neighborhood,” said Michael Shvo,
Chairman of SHVO. “We look forward to developing these unique Mandarin Oriental residences in the heart of Manhattan and
creating this one-of-a-kind offering for buyers who demand the highest level of finishes and luxury services.”