A Kramer Levin Real Estate and Land Use team is representing an affiliate of Anbang Insurance Co., the new owner of the Waldorf Astoria hotel, in various aspects of the iconic property’s redevelopment. We are handling all land use and landmark processes in order to obtain necessary government approvals for the renovation, redevelopment and repositioning of the tower; condominium aspects that will permit the subdivision of the property into various components, including hotel, retail and residential; the eventual sale of residential condominium apartments; and other planning and development aspects of this project.