Cassa Hotel and Residences

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70 West 45th Street, New York City

Cassa Hotel and Residences
CassaHotelandResidencesNYC.jpg

The Cassa Hotel and Residences in Midtown Manhattan
Building Information
Developer ASSA Properties
Architect Enrique Norten, Ten Arquitectos, Cetra/Ruddy
Number of Units 59
Number of Floors 45
Year Built 2010
Construction Method Concrete
Type of Roof IRMA
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70 West 45th Street, New York City
Distance to Public Transit Les than one block
Region New York City
Municipality New York City
Zoning C6 - 4.5
Title of Land Condominium


Contents

Background

Found in the center of Manhattan, the Cassa Hotel and Residences is a luxury mixed use building that gives residents condominium living with all of the perks of a five star hotel. With the lower floors serving as a hotel and the condominiums in the upper levels, residents of this building have the best of both worlds.


Landmarks such as the Empire State Building, the Chrysler Building, Madison Square Gardens, Rockefeller Center, St. Patrick’s Cathedral, the Museum of Modern Art, Grand Central Terminal, the New York Public Library, Bryant Park, Pennsylvania Station, and the United Nations are all located in Midtown, as are the famed Waldorf-Astoria Hotels and The Plaza.


While the building has weathered some controversy with its own architect and financial difficulties, it is hard to beat its location, as residents are within walking distance of the culture, food, shopping, and tourist destinations for which New York City is famous. Built over the former locations of several low rise buildings, the Cassa Hotel and Residences stands tall at 45 stories, and appears poised to be a popular Midtown address for the foreseeable future.


Location

Located on West 45th Street between Fifth and Sixth Avenue, the Cassa Hotel and Residences finds itself in Midtown Manhattan and a mere block away from Times Square, nicknamed the “Crossroads of the World”. Although Midtown is known for being the central business district of Manhattan, it has a thriving residential population as well as being the location of many of New York City’s most famous tourist destinations.


Residents of the Cassa Hotel and Residences find themselves within walking distance of the retail paradise of Fifth Avenue, where luxury brands such as Gucci, Prada, Louis Vitton, Versace, Cartier, Omega, Tiffany’s, and Armani have stores. Fifth Avenue is also the location of the high end department stores of Barney’s, Saks Fifth Avenue, and Bergdorf Goodman, while the world famous Macy’s is nearby on Sixth Avenue.


The Cassa Hotel and Residences is walking distance to some of the most famous cultural institutions in the world, including Radio City Music Hall, Carnegie Hall, and the Theater District of Broadway.[1]


Residents of the Cassa Hotel and Residences do not require a car to complete their daily errands, as they are within walking distance of dozens of food, shopping, home services, and transit options. With a bike score of 69 out of 100, cyclists will love the flat grades and will find some good bicycle lanes nearby.[2]


Construction

Developed by ASSA Properties, the Cassa Hotel and Residences was designed in the Modernist style of architecture by Enrique Norten of Ten Arquitectos and Cetra/Ruddy. Construction on the project began in 2008 and was completed in the later part of 2010. The construction itself proved to be a relatively smooth affair. However, this building was not without its controversy.


In September of 2010, it was revealed that the base of the building had been built to resemble the rest of the tower as opposed to the original design of a glass curtain wall covered in a stainless steel screen. Although ASSA Properties stated that the stainless steel screen would remain, the glass curtain wall had been discarded. Commentators speculated that this was the result of cost cutting measures, but ASSA Properties insisted the change was due to an engineering issue. This design change was not approved by Norten and the architect publicly spoke out against this decision, calling it “a huge mistake.”[3]


In 2011, the Cassa Hotel and Residences ran into further trouble when ASSA Properties filed for bankruptcy protection after defaulting on a principle loan. The bankruptcy was blamed on the nearly $20 million in liens that were placed against the property by various contractors and subcontractors, liens that in turn slowed the sales in the building and hindered the developer’s revenue flow.


ASSA Properties later announced that an international investor would be purchasing the hotel portion of the building for approximately $130 million and that the condominium portion of the building would be unaffected by this sale. The buyer was the Chinese Corporation, HNA Property Holding Group, made possible by a $65 million senior loan from PCCP.[4]


Layout and Features

Standing 45 stories high, the Cassa Hotel and Residences is a mid-block high rise building that houses both residential condominiums and a five star luxury hotel. The hotel rooms are located in the first 27 floors with 59 apartments housed in the upper floors starting at floor 28.


Apartments within this building range in size from studios to full floor four bedroom penthouses, and are designed to have at least one corner exposure in each unit. The apartments themselves feature hardwood floors, over sized ceilings, individually controlled heating and cooling systems, and in suite washers and dryers. Select units having balconies and terraces.


The kitchens come equipped with Miele, Liebherr and Wolf appliances, Pietra Bedonia stone countertops, and gloss lacque cabinetry. The bathrooms feature glacier glass walls, limestone flooring, Travertine marble vanities, glass showers, and soaking tubs.[5]


The exterior of this building is notable for its white curtain wall facade that is patterned with an asymmetrical design of window fenestration. Inside, the lobby of the building is decorated with Italian lacquer, international artwork, and glass accents, and residents use a glass bridge to access their private landscaped garden and courtyard.[6]


Floor Plans

A selection of floor plans is presented.

Amenities

Residents of the Cassa Hotel and Residences enjoy the many amenities that come with living above a luxury hotel. These services include:

  • 24 hour concierge
  • 24 hour doorman
  • Maid service
  • Valet parking
  • Laundry service
  • Room service
  • Business center
  • Fitness center
  • Pool
  • In room spa treatments
  • Pet spa and grooming
  • Storage facilities
  • Bike room
  • Landscaped courtyard and garden
  • Resident lounge
  • Roof deck

Bylaws

Cassa Hotel and Residences Bylaws
Rentals Yes
Pets Yes
Age No
Barbecues No


  • Rentals, sublets, and pied-â-terre.
  • Pet friendly.
  • There are no age restrictions for this building.

Sustainability

To date this building has not achieved a LEED certification and therefore, it is not designated as a green building. Residents who wish to help improve the overall sustainability of the Cassa Hotel and Residences can do so in several ways, including:

  • Using public transit or walking instead of using a car to reduce their carbon footprint
  • Installing more energy efficient appliances and materials when updating or renovating their apartments
  • Participating in New York City’s recycling programs

Trivia

  • In 2010, the Cassa Hotel and Residences was the site of Showtime House, in which interior decorators designed rooms in the building inspired by the television series of Showtime, including Dexter, Nurse Jackie, Weeds, The Big C, The Borgais, The United States of Tara, and Californication.[7]


  • The opening of the Cassa Hotel and Residences was originally supposed to be in April of 2010, but construction delays led to the opening being pushed back to August of that year.[8]


  • In July 2011, reality star Jeff Lewis made headlines when he was enlisted to help the building representatives of the Cassa Hotel and Residences stage the penthouse apartment for sale. When Lewis gave his frank opinion of the unit, it was reported that Lewis and his team were quickly escorted out of the building. The offending remark was reportedly, “It reeks of being a spec home.”[9]


References

  1. Wikipedia - Midtown Manhattan
  2. Walk Score
  3. Curbed NY
  4. Wall Street Journal
  5. The Cassa Hotel and Residences Official Site
  6. Street Easy
  7. Curbed NY - Williamsburg
  8. Curbed NY - New Ivory Tower
  9. Curbed NY - $20 Million Penthouse


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