Extell Development filed plans last week with the Attorney General’s office to build the Diamond Tower, a commercial condo at 50 West 47th Street, between Fifth and Sixth avenues. The developer doesn’t have construction financing yet for the tower, which is being designed by Skidmore Owings & Merrill. Half the building will be devoted to diamond industry users and the rest will be commercial offices. The diamond portion will have an entrance on 47th Street, and the offices entrance will be on 46th Street. Of the 88 diamond industry units, 84 will be for sale, and Extell will be keeping the remaining four units. The commercial units will range from 816 to 11,064 square feet, and be priced from $1.203 million to $15.2 million. Diamond industry veteran A. Joseph Lipton will be the sales agent for the industry units, and CB Richard Ellis will be the managing agent for the commercial offices.
Extell files plans to build Diamond Tower
February 03, 2009 08:39AM
