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January 26, 2005

'Multipurpose' Plaza courting super-fine dept. store

The new owner of The Plaza confirmed to the New York Times and the Post that he plans to convert most of the hotel rooms into condos, fill lower floors will retail shops and is seeking a "very high-end retail operator, even more exclusive than Bergdorf Goodman, Saks Fifth Avenue or Harrods," to occupy a five- or six-story department store.

The good news is that some of the Plaza's most fabled areas will remain unchanged, including the Oak Room and the Oak Bar, the Palm Court and the Edwardian Room (which until recently was home to the restaurant One CPS.)

The Plaza is "worn down," new owner Miki Naftali told the Times. And this:

"It's amazing people think it's one of the best hotels in the world," he said. "It's not. But look at the space."
The Plaza will close by April 30 and reopen in late 2006.

Earlier: Say it aint's so! The Plaza to go 'condo/retail center'
Nostalgia does not a meal make at Oak Room
Dorothy Parker Society bidding farewell to Oak Room

January 26, 2005 09:34 AM in Architecture, History, Hotelology, Midtown

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