NEW YORK (TheStreet) -- If you know about Baccarat, one of the world's oldest and most prestigious crystal companies, you probably know its typical offerings include such things as tableware that costs from a few hundred to thousands of dollars, to chandeliers for as much as $90,000 and vases and candelabras that cost anywhere from $30,000 to $50,000.
Now Baccarat is branching into the luxury housing and hotel business.
The company is breaking into its new market with a $60 million duplex penthouse atop a 50-story residential and hotel tower in midtown Manhattan.The penthouse is part of The Baccarat Hotel & Residences New York, with a total of 60 private residences, ranging from one to four bedrooms. The flagship tower will also include a 114-room luxury hotel. Prices for the residences start at $3.95 million. The penthouse, available for residency toward the end of the year, is a staggering 7,381 square feet with five bedrooms, five and a half bathrooms and a dizzying list of luxury details that could fill an issue of Architectural Digest. The space includes such things as 93-feet high floor-to-ceiling windows and awe-inspiring views of Central Park, the Empire State Building and One World Trade Center. Sophisticated yet inviting is how Baccarat describes its grand penthouse creation.