Caspi Development has announced the topping out of 456 Greenwich Street in Tribeca, the future home of the five-star, 96-room Hotel Barrière Le Fouquet’s New York.

Located between Desbrosses Street and Washington Street in Tribeca’s North Historic District, the eight-storey hotel will feature several dining venues, a private spa and swimming pool, an interior courtyard, a cinema room and board rooms.

It marks the first hotel in the US under the Barrière brand – a four-generation company that was founded in 1912 by François André and subsequently developed and managed by Lucien Barrière, Diane Barrière-Desseigne and Dominique Desseigne.

“We congratulate Caspi Development on this important milestone for Hotel Barrière Le Fouquet’s New York at 456 Greenwich Street, which reinforces the continued and unwavering commitment to the future of New York that both our companies share,” said Dominique Desseigne, chairman and CEO of Groupe Barrière. “We are delighted to be part of this project and very much look forward to the opening next year.”

Caspi Development focuses on luxury properties throughout the New York area.

Joshua Caspi, principal of Caspi Development, said: “As a flagship of the esteemed Groupe Barrière brand, the hotel will open as one of the finest hospitality destinations in New York. The topping out of 456 Greenwich Street represents a culmination of six years of tireless work by all involved, and it is our aspiration that the property will serve as a beacon of hope to the future of the city.”

The topping out was marked by a socially distant event hosted by Caspi Development and Groupe Barrière, along with the project team including AECOM Tishman, construction manager; Stephen B. Jacobs Group, architect; Martin Brudnizki Design Studio, interior design; Cameron Engineering; and Lehrer Cumming, owner advisor. 

Also contributing to the development were Hana Financial Investment, DPW Holdings, APW, Ponte Equities, and Barone Management.