The Waldorf Astoria, recognized for its upscale hotels and resorts, is lending its name to a condominium project in Cherry Creek North that is expected to open in three years. The condos will reflect the Astoria’s reputation, with unit prices beginning at $2.3 million.
Thirty-seven luxury residences will be included in the project, ranging from 1,350 square feet to 4,320 square feet, according to a Tuesday morning news release by national real estate developer Property Markets Group and global hospitality company Hilton, who are in charge of the project.
“We are excited to once again partner with Hilton to expand our luxury residential portfolio and bring the first Waldorf Astoria-branded property to the state of Colorado,” said Ryan Shear, Managing Partner of PMG, in the news release.
Each residence will offer panoramic views of the mountains and downtown, complemented by finishes and appliances such as gourmet Boffi kitchens and Italian bathroom vanities.
Additional features include the Waldorf Astoria Peacock Alley-inspired lounge, a signature restaurant, a rooftop resort-style pool with bar, a wellness center, a curated lobby with a porte-cochere drop-off and dedicated electric vehicle charging stations.
“Waldorf Astoria will perfectly complement the vibrant Cherry Creek community, offering residents an extraordinary living experience that seamlessly blends luxury, comfort and the natural beauty of the Rocky Mountains,” said Dino Michael, Senior Vice President and Global Head of Hilton Luxury Brands.
Concept design for the property is led by Denver-based Shears Adkins Rockmore (SAR+) and architect Carlos Ott. Interior design firm BAMO is also on board, incorporating designs inspired by the snow-capped Rockies.
The property is set to be completed in 2027, according to a PMG spokesperson.
Founded in 1991, PMG’s extensive portfolio consists of 175 projects, with more than 10,000 residential units and a total of over 18 million square feet of development nationwide, including major markets like Florida, New York, Colorado, South Carolina, Tennessee and Georgia.
Updated Oct. 23, 2024, at 10:08 a.m.: The story was updated to reflect the new starting price of the Waldorf Astoria Residences.
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