The Real Deal New York

Posts Tagged ‘extell development’

  • GaryBarnettSamSidhu

    From left: Gary Barnett, Sam Sidhu and 44 West 66th Street

    Extell Development and Megalith Capital Management filed plans Tuesday for a 25-story Lincoln Square condominium building that’s moving forward after a particularly complex assemblage. [more]

  • Gary Barnett and 134 West 58th

    From left: Gary Barnett and 134 West 58th Street in Midtown

    Gary Barnett’s Extell Development is planning a new 18-story residential building just south of Central Park, according to a permit application filed with the city Thursday.

    The new structure at 134 West 58th Street will house 41 residential units in just over 52,000 square feet of space.

    Issac & Stern Architects is serving as the architect of record.  [more]

  • 12 West

    12 West 48th Street in Midtown (inset: Gary Barnett)

    Extell Development asked a judge to let it charge one of its parking garage tenants, Enterprise Rent-A-Car, as if it were leasing retail space at the base of a luxury tower. [more]

  • Clockwise from top left: The Third Avenue block between 94th and 95th streets on the Upper East Side, 500 East 14th Street in the East Village, Gary Barnett, 425 Park Avenue in Midtown and Robert Lapidus

    Manhattan’s great builders are also its most fearsome destroyers. [more]

  • Whitestone Cinemas Bronx

    From left: Gary Barnett, Whitestone Multiplex Cinemas in the Bronx and David Lichtenstein

    Gary Barnett is making moves in the Bronx.

    Extell Development acquired the former Whitestone Multiplex Cinemas, a large development site in the Schuylerville neighborhood of the Bronx, from David Lichtenstein’s Lightstone Group for $41 million. [more]

  • Marc Hollday International Gem Tower

    From left: Marc Hollday and the International Gem Tower at 50 West 47th Street

    After years of laying vacant, first under Extell Development, then under current owner SL Green Realty, the International Gem Tower finally has its first office tenant.

    Hedge fund Fir Tree signed a 10 year lease for just over 31,000 square feet at the building, whose upper floors, devoted to offices, are known collectively as Tower 46 and have their entrance at 55 West 46th Street.

    Asking rent at the space was $100 per foot. [more]

  • From left: Gary Barnett (Photo: STUDIO SCRIVO), 217 West 57th Street, Jeff Blau and the Hudson Yards megadevelopment

    From left: Gary Barnett (Photo: STUDIO SCRIVO), 217 West 57th Street, Jeff Blau and the Hudson Yards megadevelopment

    A quick glance at Manhattan’s rapidly changing — and rising — skyline is all the proof New Yorkers need to see that the city’s biggest developers aren’t messing around. Click here to watch The Real Deal’s latest video, which features a closer look at the borough’s busiest builders.

  • One Manhattan Square NYC

    Rendering of One Manhattan Square at 250 South Street (credit: Extell) (inset: Gary Barnett)

    New Yorkers will have to wait in line for an apartment at Gary Barnett’s One Manhattan Square condo tower on the Lower East Side, because Extell Development is marketing the project to Asian buyers first. [more]

  • Gary Barnett Central Park Tower

    From left: Gary Barnett and the Central Park Tower at 217 West 57th Street in Midtown

    From the October Issue: “Our strength is assembling land,” Extell Development’s Gary Barnett told an Israeli TV station late last year as he gave a reporter a tour of his condo tower One57. “On that, we’re Number 1.”

    It’s hard to deny the accuracy of Barnett’s assessment. While Barnett was chatting with that reporter, construction crews were clearing the site for his next supertall tower just one block west at 217 West 57th.

    That tower — which was unofficially known as Nordstrom Tower, but has now been officially dubbed Central Park Tower — will top out at 1,550 feet tall when it opens in 2019. [more]

  • How Gary Barnett made the Ring bling

    October 02, 2015 03:10PM
    Ring Portfolio NYC

    Gary Barnett (credit: STUDIO SCRIVO) has sold 10 Ring portfolio properties to buyers including Robert Gladstone (top left) and Jeffrey Feil (bottom right)

    TRD Friday Feature:When Gary Barnett finally won a 14-building portfolio of properties owned by brothers Frank and Michael Ring in late 2013 – after much maneuvering and legal wrangling – it was viewed as a coup for one of New York’s savviest dealmakers. [more]

  • Gary Barnett

    Gary Barnett (credit: STUDIO SCRIVO) and three Ring portfolio office buildings

    After ground-leasing five of its Ring portfolio office buildings to the Kaufman Organization, Gary Barnett’s Extell Development has closed on the sale of those buildings to HLP Properties in a deal worth over $250 million, sources told The Real Deal. [more]

  • Nordstrom Rack

    From left: Nordstrom Rack store and 3 Columbus Circle

    Nordstrom Rack is looking at a Central Park location just a block away from the future home of its sister store in Extell Development’s under-construction Nordstrom Tower. [more]

  • 45-47 West 27th Street

    Jerry Gottesman and 45-47 West 27th Street in NoMad

    Jerry Gottesman isn’t cashing out on his Manhattan portfolio yet. To the contrary, the octogenarian chair of Edison Properties just closed on the $43.1 million purchase of one of the office buildings in Gary Barnett’s Ring portfolio. [more]

  • 155 West 23rd Street in Chelsea and Fredric Leffel

    155 West 23rd Street in Chelsea and Fredric Leffel

    The Kaufman Organization is partnering with investment giant Goldman Sachs on its long-term ground lease at 155 West 23rd Street in Chelsea, the latest of Extell Development’s Ring portfolio buildings now controlled by Kaufman.

    The partnership paid about $45 million for a 99-year ground lease of the 12-story, 82,000-square-foot office building. Kaufman plans to spend $10 million refurbishing 155 West 23rd Street, according to the firm’s president Fredric Leffel, with the work expected to be complete by the end of next year. [more]

  • Gary Barnett Pope Francis

    From left: Gary Barnett, a rendering of 250 South Street and Pope Francis

    It’s Pope Francis Week in New York City. And neighborhood activists are using the opportunity to seek the pontiff’s intervention against luxury development that they say is displacing local residents. [more]

  • Rendering of 217 West 57th Street in Midtown (inset: Gary Barnett)

    Rendering of 217 West 57th Street in Midtown (credit: New York YIMBY) (inset: Gary Barnett)

    It appears conjecture over the planned height of Gary Barnett’s supertall Central Park Tower, at 217 West 57th Street in Midtown, can finally be laid to rest. [more]

  • Vacant lot near West Side Highway and West 62nd

    Vacant lot near West Side Highway and West 62nd Street (credit: Google) (inset: Gary Barnett)

    UPDATED, 1:55 p.m., Sept. 3: Having finalized the sale of its longtime Upper West Side campus, the Collegiate School closed on the purchase of a vacant parcel along the West Side Highway from Extell Development and the Carlyle Group for $25 million, according to property records filed with the city Thursday. [more]

  • Gary Barnett (Credit: Studio Scrivo)

    Gary Barnett (Credit: STUDIO SCRIVO)

    Some developers faced with public outrage over creating a so-called “poor door” would, well, duck out the back door. Not Gary Barnett.

    As controversy over the poor door — a separate entrance for lower-income tenants in luxury buildings — at his planned 33-story building at 40 Riverside Boulevard erupted over the summer, the founder and CEO of Extell Development dug in, defending the practice and arguing that without it, developers would opt out of incorporating affordable housing into their projects.

    “I don’t think it’s worth making such a big issue over,” Barnett told The Real Deal during an interview in his Midtown East office last month. “Let’s get the affordable housing and let’s not worry about these optics.” Read the full story from the October 2014 issue after the jump.

  • Extell UES

    From left: Gary Barnett, John Catsimatidis and 350 East 86th Street

    ‘Tis better to have bid and lost than never to have bid at all.

    Supermarket and real estate player John Catsimatidis bid $80 million on 350 East 86th Street on the Upper East Side. But it wasn’t enough. [more]

  • Gary Barnett and 10 West 47th Street in Midtown

    Gary Barnett and 10 West 47th Street in Midtown

    Don’t expect the rumors that Gary Barnett’s Extell Development is planning a Midtown hotel to die down anytime soon. The firm just acquired a 14-story Diamond District office building at 10 West 47th Street for $74.4 million, located next to a building Extell picked up for $56 million last year.

    Extell closed on 10 West 47th Street, a 72,000-square-foot building between Fifth and Sixth avenues, on August 4, according to property records filed with the city Wednesday. The seller is Arthur Margolin’s Kenart Realties, which owned the property since 1980. [more]