The hotel is expected to reopen in 2022 with about 350 condos, 350 hotel rooms and architecturally preserved public spaces.
Official launch on March 4 2020 of the sales of the building’s condominium residences, The Towers of the Waldorf Astoria.
Anbang Insurance Group Co. commissioned construction firm Aecom Tishman to work on the hotel conversion. The second phase of the demolition started in November 2018.
Major liquidator company, Olde Good Things, known for rescuing treasures from other New York City landmarks, including the Plaza Hotel, John F. Kennedy International Airport and the former headquarters of the New York Times. started emptying the 42-story building.
Landmark Designation – New York’s Landmarks Preservation Commission voted in March 2017 to protect the Waldorf’s lobby, grand ballroom and other public spaces. The Art Deco Society, a nonprofit is tracking the project.
On March 1, 2017, the Waldorf Astoria officially closed its doors to the public and engaged in the renovation process.