Hotel-branded residences are far from a new concept: Michael Valdes, the president of Exp Realty, says that properties with upscale hospitality brands attached to them have existed for decades and are significant players in the high-end real estate market.
“There is a certain level of prestige and amenities that comes with these residences,” he says. “Also, on the top end, these properties have retained their value more than unbranded homes.”
But hotel residences today, says Valdes, are even more prestigious and offer a wider variety of attractive amenities and services than in the past.
“They keep elevating to new levels of luxury to meet the demands of an ever-discerning buyer,” he says.
The Ritz-Carlton Residences, in New York’s NoMad neighborhood, which is launching sales next week and debuting later this year, is an example: With just 16 homes, it will feature a culinary program designed by the Nobel Prize–nominated and Michelin–starred chef José Andrés. Residents also have access to a large gym and spa as well as one of the highest rooftop bars in the city.
Many of the latest and greatest hotel residential developments are coming to life in major cities around the world.
From Hong Kong and Tokyo to London and Chicago, here is our list of eight new projects going beyond the ordinary.
The Ritz-Carlton Residences, NoMad, New York
Debut: Late 2021
Starting Price: $3.5 million
The Details: Designed by Uruguayan architect Rafael Viñoly, this Ritz-Carlton Residences development—featuring 16 homes in total—is launching sales next week. The project features only penthouse residences, all of which are furnished. Owners can stay up to 120 nights a year and have the option to rent out their properties through the hotel whenever they’re not there.
The residences feature Poliform kitchens with white-quartz counters and custom-designed glass cabinetry, bathrooms with Italian marble and separate soaking tubs and showers, and panoramic views of the World Trade Center and East River. Amenities include a spa, wellness center, lounge, and a rooftop bar with two terraces.
The world-renowned chef José Andrés is in charge of the culinary program and plans to open two restaurants at the hotel—Zaytinya and The Bazaar—and design in-residence menus for owners.
Starting Price: Undisclosed
The Details: Located within the Toranomon-Azabudai development, a complex of three towers currently under construction in the business district, Aman Residences will occupy the top 11 floors of one of the buildings. The 91 homes are being designed by Yabu Pushelberg and will have the same zen aesthetic that Aman is famous for. Residents will be able to avail themselves of amenities such as a spa with city views that spans more than 15,000 square feet, a library, reading room, bar, dining room, and lounge.
Toranomon-Azabudai is a much buzzed-about complex designed by Heatherwick Studio and Pelli Clarke Pelli Architects: at close to 20 acres, it will have multiple green spaces, an art museum, and a gallery.
Starting Price: $8 million
The Details: The OWO, in Whitehall, central London, has a rich history: The site of the original Palace of Whitehall, political and military leaders including Winston Churchill and David Lloyd George had offices here. The celebrated Scottish architect William Young started the design, but his son, architect Clyde Young, took over and finished it when his father died.
The OWO, which comprises 85 homes, is the first Raffles-branded residential development in Europe. Resident-only amenities include a movie theater, gym, game room, and seven lounges. Owners can also enjoy the amenities offered by the Raffles hotel such as a swimming pool, spa, restaurants, and bars.
Starting Price: $1.947 million
The Details: On the famous Passeig de Gràcia, Mandarin Oriental Residences, Barcelona, was conceived by one of the most celebrated Spanish architects, Carlos Ferrater. The 20-story residence is located next to the Mandarin Oriental hotel and will have 34 homes, all with city views. Residents will have access to a private lounge with a gym, and a rooftop garden with a swimming pool. Additional amenities they can enjoy through the hotel include a large spa and Moments, the two-Michelin-starred restaurant.
Debut: Late 2021
Starting Price: $1.15 million
The Details: Designed by leading international figures including the Pritzker Prize–winning architect Jean Nouvel and the designer Philippe Starck, the 124 Rosewood Residences will feature locally inspired architecture and design. Located in a garden tower, the units will feature rich Brazilian woods and private terraces. Owners will have access to the property’s six restaurants and bars, two swimming pools, and a wellness center.
Starting Price: $1 million
The Details: With a height of 1,049 feet, making it the tallest residential building south of New York, and its design of nine spiraling offset cubes, the Waldorf Astoria Residences will no doubt make an impression on Miami’s skyline. Located in Biscayne Bay, the 100-story building will have 360 residences and extensive amenities including a pool deck with private cabanas, a large spa and fitness center, indoor and outdoor event spaces, and an outpost of Peacock Alley, the legendary restaurant at the Waldorf Astoria in New York.
Debut: March 2022
Starting Price: $840,000
The Details: Designed by Jeanne Gang of Studio Gang, the Residences at the St. Regis Chicago, located in the 101-story building, include 393 homes with an aesthetic conceptualized by the renowned Hirsch Bedner Associates. Each home features color themes inspired by the beauty of sapphire, amethyst, and topaz, as well as 360-degree views of Chicago and Lake Michigan. A gym, screening room, children’s playroom, swimming pool, private dining room, outdoor kitchen, and zen garden are among the many amenities.
Starting Price: $2–$10 million
The Details: The Four Seasons New Orleans Residences are in a downtown building that was formerly the World Trade Center tower, designed by Edward Durell Stone, of Radio City Music Hall fame. It includes a residents club within the landmarked interiors of the Spanish-influenced 29th floor with a bar and dining room, children’s playroom, and golf simulator. Residents have priority access to the hotel’s spa, outdoor swimming pool, and restaurants from two of the city’s most respected chefs and restaurateurs, Alon Shaya and Donald Link.
Originally Appeared on Architectural Digest