Now it seems standard fare in a lot of new luxury condo construction. My parents' generation viewed such things as what "kids" and singles and newlyweds who hadn't gotten it together financially put up with until they assumed a more adult architectural posture. he brought a nice clarity to the design that is admirable.įor $9M or $11M you get what used to be called a living room-dining room, and probably still is. If the design doesn't appeal to me, it's less the architect's fault than his design brief. nothing feels cramped and the minimalist detailing has some nice touches to emphasize the architecture. The ceiling heights are good, about 12'-6" and the rooms scaled to look big the windows are 10' high the living rooms are about 550 sq. The plans (except for the floor-through $90M option) have a logic to them, placing functions well and separating bedrooms for privacy. Nearly everything you like about the architecture and design of NYC, everything of note in architecture or urban design was designed by, paid for by, or intended for the use or reputation embellishment of the rich. So he worked with restaurant designers at Bentel & Bentel to come up with a grand space that would feel bustling even with only one or two tables filled. At 432 Park, developer Harry Macklowe estimates that only about half the building’s apartments will be occupied full-time. Another challenge: the limited clientele means the flow of business can be hard to predict. So in addition to their usual monthly charges to maintain the building and cover staffing, residents typically also pay fees to keep the restaurant going, plus a minimum dining charge. Managers of private restaurants say their operations can cost $1,000 a day, or more, just to staff. It's a $15,000 fee upfront, plus a guarantee to spend a minimum amount on dining at the restaurant?ĭevelopers and residents of such buildings say private restaurants rarely make enough money to cover their expenses. This place has a Michelin star chef just for residents. I'm a bit confused about the "restaurant fee" at this building.
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