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The Ritz-Carlton New York, Central Park South
50 Central Park South, New York, New York 10019

Architect Emery Roth designed the top section of the St. Moritz with several irregular setbacks, dressed window surrounds and decorative spandrels.
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According to the NY Times Donald Trump bought the St. Moritz for $72 million in 1985 from a syndicate led by Harry B. Helmsley. He intended to renovate the property, but instead sold it in 1988 to Alan Bond, an Australian entrepreneur, for $180 million. Mr. Bond eventually gave up the St. Moritz to his lender, F.A.I. Insurances. F.A.I. bought the land beneath the St. Moritz and ran the hotel for much of the 1990's.

In April 1998 Ian Schrager, in partnership with NorthStar Capital Investment Corp. acquired the St. Moritz Hotel. The seller was FAI Insurance, an Australian Insurance Company. Credit Suisse First Boston provided acquisition financing.

FAI Insurance reported in its 1998 Year End Report that it sold the St. Moritz Hotel in New York for U.S.$185 million and leasing of the fee simple (freehold land) to Ian Schrager Hotels LLC.

FAI retained the fee simple deed valued at U.S.$115 million as part of the transaction. Analysts reported that the value of the land alone exceeds the market capitalization of the entire Company.

Schrager planned to call upon Philippe Starck to design and redevelop the St. Moritz as a world-class property. Starck was responsible for the design of four of Mr. Schrager's other properties: Royalton and Paramount in New York, Delano in Miami Beach and Mondrian in West Hollywood.

A month before selling to Ian Schrager F.A.I. was planning to participate in a $110 million reconstruction of the St Moritz with Donald Trump and Bankers Trust. Trump was planning to strip the 35-story limestone and brick building down to its steel girders and build condominiums under the skin of a new facade.

The NY Times reported in November 1999 that Christopher M. Jeffries of Millennium Partners struck a deal to buy the 69-year-old hotel from Ian Schrager's hotel company, which had bought it 18 months earlier. Millennium intends to provide The once stylish hotel a full makeover and become a 300-room Ritz-Carlton Hotel. Under the terms of the deal, Millennium adnd Schrager's company would form a joint venture to convert the top 12 floors of the 35-story building into 14 luxury condominiums and selling for more than $10 million each. Millennium agreed to payoff Schrager Hotels $95 million mortgage with Credit Suisse First Boston and to spend about $150 million renovating the St. Moritz. To build the condominiums Millennium would be required to buy at least a portion of the land under the hotel owned by F.A.I. Insurances.

The Ritz-Carlton Hotel Company removed its flags and severed its agreement to manage a nearby hotel at 112 Central Park South in May 1998

The NY Post reported in December 2001 that eight of the 11 condos at 50 Central Park South have sold at prices ranging from $16 million to $50 million.

In August 2008 Real estate developer Christopher Jeffries, whose Millennium Partners turned the St. Moritz into a Ritz-Carlton with 277 rooms and 11 full-floor condos, has sold his 29th floor, 5,954-square-foot condo in the building for $28.5 million.

Millennium Partners opened the 277-room Ritz-Carlton New York, Central Park in May 2002 along with the French restaurant, Atelier. In 2006 Laurent Tourondel took over the Atelier space on the corner of Sixth Avenue and Central Park South with BLT Market.

Earlier History

In 1928 the New York Athletic Club was moving into its new clubhouse, a 21 story structure on the East side of Seventh Avenue between 58th Street and Central Park South (where it remains today), and the Uris brothers (Harris and Percy) contracted to buy the old clubhouse at the corner of Sixth Avenue and Central Park South for $2,500,000. They planned to build a 35 story 900 room hotel at a cost of $10,000,000. The architect was Emery Roth. The hotel was to be managed by S. Gregory Taylor (born: Soterios Gregorios Tavoulares).

On November 1, 1928, Taylor opened the Montclair Hotel, between 49th and 50th streets on Lexington Avenue. It was designed by Emory Roth with a facade in Spanish style and built by the Harper organization. Taylor was president, Oscar W. Richardson, resident manager and Gaston Lauryssen, associate manager. Harris H. and Percy Uris were also the developers, and the mortgage was for $2,500,000.

In 1930 Taylor opened the Hotel St. Moritz, (named after St. Moritz, Switzerland) which had been under construction for two years, with great fanfare. The hotel was 38 stories with 1,000 rooms in units of one room to large suites, with many terrace apartments, and three penthouses. A dinner and dancing salon was on the 31st floor, with Omar Khayyam murals done by David Karfunkel, as well as commanding panoramic views of New York City. Emory Roth was the architect and Laurence Emmons designed the

As well as the wave unit, I just wanted to show this unit that I invented. Sorry if the reviews is a bit boring because you of course, would prefer to see a photo of a kusudama instead. :)
I will definately share instructions for this wonderful unit in the future.