Mandarin Oriental Residences, Fifth Avenue
BLG Capital and its partners acquired the 685 Fifth Avenue property located on 54th Street in July 2018 for $135mn and branded the luxury project under the Mandarin Oriental brand.
Mandarin Oriental Residences at 685 Fifth Avenue is being developed in an iconic 1920’s building, steps away from Central Park and the neighborhood’s renowned luxury shopping, museums and fine dining choices. The private residences are designed to offer owners a unique pied-a-terre living experience, accentuated by the exceptional service for which Mandarin Oriental is renowned.
Owners will have access to exclusive amenities including all-day dining restaurant, a library and lounge on the top floor of the building, offering magnificent Central Park views. A fully equipped gym, a spa with beauty treatment rooms, and a serviced rooftop pool with cabanas and lounge beds will also be featured.
In 2021, BLG sold its interests and no longer has a management role in 685 Fifth Avenue, while retaining its share in any future profits derived from 685 Fifth Avenue.