In New York City, construction has wrapped on The Wales, a 10-story luxury condominium breathing new life into Carnegie Hill—a structure that dates back to 1899. The building’s 87 hotel rooms have been converted into just 21 two- to four-bedroom residences with interiors reimagined by Parisian design studio Pinto.

Topping the tower is a newly constructed penthouse listed for $23 million: a five-bedroom, 4,179-square-foot paradise with a wraparound terrace and a roof deck with kitchen, wet bar, and service pantry. The NYC Landmarks Preservation Commission gave developer Adellco permission to build the penthouse, but it had to be in keeping with the original Renaissance Revival design. Even the detailed cornice, which had been taken down 80 years ago, was carefully reproduced.

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