The Real Deal New York

Posts Tagged ‘extell development’

  • 40 Riverside Drive and Extell's Gary Barnett

    40 Riverside Drive and Extell’s Gary Barnett

    Extell Development CEO Gary Barnett defended the “poor door” planned for his 33-story building at 40 Riverside Boulevard, arguing that it would have made no financial sense to incorporate affordable rental units into the condominium tower without it.

    Developers told the New York Times that a condo-and-rental building with separate entrances allows them to reserve the best location and amenities for condos seeking a high price. The income from those condos subsidizes the construction of the affordable-housing component, developers said. [more]

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  • Cohen-Missry-Polevoy-One57

    From left: Bruce Cohen, Morris Missry, Martin Polevoy and One57 at 157 West 57th Street (Photo credit: John Cahill)

    Within the lofty heights of New York City commercial and residential real estate world, it’s often a given that as the prices rise, the number of industry professionals equipped to service such buyers and sellers, declines. [more]

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  • 2 West 47th Street and Extell's Gary Barnett

    2 West 47th Street and Extell’s Gary Barnett

    A published report claims that Extell Development Company plans to open a hotel on West 47th Street. [more]

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  • From left: Steven Witkoff and David Lichtenstein

    From left: Steven Witkoff and David Lichtenstein

    The Witkoff Group’s Steven Witkoff and David Lichtenstein of the Lightstone Group are gearing up to follow Extell’s Gary Barnett by tapping the Israeli capital markets for debt.

    Both developers are reportedly mulling bond offerings expected to generate 500 million shekels, or $141.6 million, each. Should Lichtenstein’s plans move forward, it would mark the eighth such offering by an American property developer on the Israeli market in recent months, according to Haaretz. [more]

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  • From left: A rendering of the new 112 West 25th Street, Antiques Garage flea market and John Lam

    From left: A rendering of the new 112 West 25th Street, Antiques Garage flea market and John Lam.

    Lam Generation, a hotel development and ownership company and offshoot of hotelier John Lam’s the Lam Group, has revealed a first look at the 39-story Renaissance hotel planned to replace the garage that was formerly home to a Chelsea flea market for 20 years. [more]

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  • 555-10th

    547-555 10th Avenue and Gary Barnett

    Extell Development is constructing its first dormitory housing as part of a 52-story Midtown residential tower at 547-555 10th Avenue. [more]

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  • One57 unit sells for $32.5M

    August 08, 2014 06:00PM
    Closed sales at Barnett's One57 now total nearly $450 million

    Closed sales at Barnett’s One57 now total nearly $450 million

    The latest in a series of bumper sales at Gary Barnett’s One57 is a 63rd-floor pad that a mystery buyer just picked up for $32.5 million, according to property records filed with the city today. That’s a little over $7,250 per square foot. [more]

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  • park-hyatt

    One57 and Park Hyatt component

    Hyatt Hotels Corporation paid $390 million for a 100 percent stake in the Park Hyatt hotel component of Extell Development’s One57 tower project. [more]

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  • From left: Extell's Gary Barnett, 157 West 57th Street, 86 Trinity Street and Fisher Brothers' Arnold Fisher

    From left: Extell’s Gary Barnett, 157 West 57th Street, 86 Trinity Street and Fisher Brothers’ Arnold Fisher

    Of the five luxury housing developers for whom controversial tax break measures were crafted in January 2013, only two have actually applied for and received the credits, according to Department of Housing Preservation and Development data. [more]

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  • From left: Gary Barnett, plans for 225 West 57th Street and the exterior of the building

    From left: Gary Barnett, plans for 225 West 57th Street and the exterior of the building

    UPDATED, 5:40 p.m., August 6: Gary Barnett’s Extell Development completed the acquisition of air and cantilever rights at 211 West 57th Street from the Art Students League of New York, paving the way for the firm’s planned 88-story Nordstrom Tower. [more]

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  • From left: SL Green's Marc Holliday, 50 West 47th Street and Gary Barnett

    From left: SL Green’s Marc Holliday, 50 West 47th Street and Gary Barnett

    SL Green is reportedly in talks to pick up the top 13 stories of Extell Development’s International Gem Tower. [more]

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  • Habonim-Barnett

    Congregation Habonim at 44 West 66th Street and Gary Barnett

    Gary Barnett’s Extell Development signed a contract to buy a parcel at 44 West 66th Street that is now occupied by a synagogue. The parcel is adjacent to a development site that builder Megalith Capital Management recently purchased. [more]

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  • From left: Gary Barnett and 80 Riverside Drive

    Gary Barnett and 80 Riverside Boulevard

    Lawyers for Extell Development are scheduled to appear in court next month on a possible civil contempt charge amid claims that the developer is refusing to hand over $440,000 to a bank executive in a long-running dispute at the Rushmore condominium on the Upper West Side. [more]

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  • poor-door

    From left: Gary Barnett, 40 Riverside Boulevard and Mayor Bill de Blasio

    Despite criticizing developers’ use of “poor doors,” Mayor Bill de Blasio voted in favor of a zoning resolution change in 2009  that allowed a building to have separate entrances. [more]

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  • From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    Extell Development’s top design executive left Gary Barnett’s firm to join Urban Compass. Roy Kim, who worked on projects including One57 and the Carlton House, will build a new development team at the cash-rich real estate tech startup. [more]

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  • From left: Gary Barnett, plans for 225 West 57th Street and the exterior of the building

    From left: Gary Barnett, plans for 225 West 57th Street and the Arts Students League building

    A New York Supreme Court Justice dismissed a lawsuit brought by more than 100 members of the Art Students League of New York against the League, its 12-member board and Extell Development Company. [more]

    2 Comments
  • 40 Riverside Boulevard

    40 Riverside Boulevard

    WEEKENDEDITION UPDATED, 5:05 p.m., July 21: Extell has received approval from the city to install a so-called a “poor door” on its Upper West Side development at 40 Riverside Boulevard.  [more]

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  • From left: Frank Ring, 80 West End Avenue, Gary Barnett and Jared Kushner

    From left: Frank Ring, 80 West End Avenue, Gary Barnett and Jared Kushner

    Real estate owner Frank Ring has purchased 80 West End Avenue for $195 million from Gary Barnett and Jared Kushner. [more]

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  • carlton

    21 East 61st Street

    A six-bedroom penthouse co-op at the Carlton House asking $65 million entered contract with an undisclosed buyer, according to StreetEasy data. [more]

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  • Nordstrom Tower drawings

    Nordstrom Tower drawings

    New drawings reveal that Extell Development’s Nordstrom Tower at 225 West 57th Street would be the world’s tallest residential building — if the project proceeds as planned. [more]

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