Extell Development has denied reports that the Prime Minister of Qatar made any purchases in the One57 condominium building, in an email sent to the press, let alone $250 million worth of them. Yesterday, a report said Prime Minister Sheik Hamad was the buyer of the 10,923-square-foot penthouse and four other units in the building.
In a Wall Street Journal article published today, Extell President Gary Barnett declined to disclose the buyers of the One57 apartments, but said rumors that the buyers are from the former Soviet Union or the Middle East were incorrect.
“Neither is on the right continent,” Barnett told the Journal. “So they have another five guesses to go.”
The supposed plans of the Prime Minister were to buy the 10,923-square-foot penthouse, which was already reported to have a contract price above $90 million, as well as some full-floor units inside the building. — Zachary Kussin