The Real Deal New York

Posts Tagged ‘extell development’

  • Rendering of 250 South Street (credit: Extell) (inset: Gary Barnett)

    Rendering of 250 South Street (credit: Extell) (inset: Gary Barnett)

    Extell Development’s planned One Manhattan Square at 250 South Street is facing an unusual problem on the Lower East Side: a sinking street. [more]

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  • From left: Renderings of 111 Murray Street (credit: KPF), 53 West 53rd Street (credit: Hayes Davidson) and 250 South Street (credit: CityRealty) (inset: Gary Barnett)

    From left: Renderings of 111 Murray Street (credit: KPF), 53 West 53rd Street (credit: Hayes Davidson) and 250 South Street (credit: CityRealty) (inset: Gary Barnett)

    Gary Barnett’s plans for 250 South Street may have gone through several revisions, but one thing is for sure – the Two Bridges/Chinatown development is the city’s largest new condominium project filed over the past year, according to an analysis of data from the state attorney general’s office compiled by The Real Deal. [more]

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  • From left: One57, rendering of Baccarat Hotel and Residences and One Madison

    From left: One57, rendering of Baccarat Hotel and Residences (credit: Skidmore, Owings & Merrill) and One Madison

    Manhattan’s 10 highest-grossing high-rise condominiums racked up total sales of more than $2.7 billion over the past year, according to a new ranking by The Real Deal. Leading the pack was Extell Development’s One57, which sold product worth a total of $1.1 billion in the one-year period ending June 2015. That’s $700 million more than its next closest competitor. [more]

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  • BillDeBlasioGaryBarnett

    From left: Mayor Bill de Blasio, One57 and Gary Barnett

    Rising high above Central Park, Extell Development’s One57 is Exhibit A for New York City’s emergence as a playground for the super-rich. It boasts a $100.5 million penthouse that’s currently the priciest apartment ever sold in the city.

    But tax breaks at One57 cost the city $65.6 million in property tax revenue, according to a damning new report from the city’s Independent Budget Office. And those subsidies, which underwrote 66 affordable units in the Bronx, could have produced nearly 370 affordable units instead. [more]

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  • Rendering of 250 South Street (credit: CityRealty) (inset: Gary Barnett)

    Rendering of 250 South Street (credit: CityRealty) (inset: Gary Barnett)

    Extell’s controversial tower at 250 South Street has seen its proposed height rise and fall, but the latest permits place it at the taller end of the spectrum, calling for the luxury building to climb 800 feet and 68 stories. [more]

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  • Rendering of 250 South Street (inset: Extell Development's Gary Barnett)

    Rendering of 250 South Street (inset: Extell Development’s Gary Barnett)

    Extell Development picked up additional financing for its luxury condo tower at 250 South Street, securing a $150 million bridge loan from Deutsche Bank. [more]

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  • GaryBarnettRiverside

    From left: Gary Barnett and rendering of Riverside Center (credit: Christian de Portzamparc)

    Extell Development and the Carlyle Group filed plans for the latest addition to Riverside Center: a 24-story residential property at 633 West 59th Street. [more]

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  • 16 West 57th Street in Midtown (inset: Rick Arroyo)

    16 West 57th Street in Midtown (inset: Rick Arroyo)

    New Jersey brokerage Endeavor Global Group Realty is among the plaintiffs suing the Brazilian investors who bought a Midtown development site from Extell Development for $95 million last year, claiming its owed $5.7 million in commission fees. [more]

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  • From left: 40 Riverside Boulevard, Gary Barnett and Gale Brewer

    From left: 40 Riverside Boulevard, Gary Barnett and Gale Brewer

    Developers who receive tax breaks to provide affordable units won’t be able to install so-called “poor doors” in their buildings. [more]

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  • Renderings of 70 Charlton Street in Hudson Square (Credit: Beyer Blinder Belle via NY YIMBY)

    Renderings of 70 Charlton Street in Hudson Square (Credit: Beyer Blinder Belle via NY YIMBY)

    A full look is now available at Extell Development’s 70 Charlton Street in Hudson Square. [more]

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  • Credit: Chuck Romano

    Credit: Chuck Romano

    A fire broke out at a luxury condominium near the West Side Highway yesterday afternoon. No injuries were reported. [more]

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  • From left: George Kaufman, Gary Barnett, 155 West 23rd Street and David Ash

    From left: George Kaufman, Gary Barnett, 155 West 23rd Street and David Ash

    The Kaufman Organization is finalizing the purchase of another ground lease for one of Extell Development’s Ring portfolio buildings, The Real Deal has learned. [more]

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  • Rendering of the Nordstrom Tower at 217 West 57th Street and Gary Barnett (Inset photo: STUDIO SCRIVO)

    Rendering of the Nordstrom Tower at 217 West 57th Street and Gary Barnett (Inset photo: STUDIO SCRIVO)

    It looks like the Nordstrom Tower at 217 West 57th Street will in fact be the country’s tallest skyscraper, based on roof height. [more]

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  • From left: Jill Noonan and Jeff Dvorett

    From left: Jill Noonan and Jeffrey Dvorett

    Despite having “deep respect” for Gary Barnett, former Extell executive Jeff Dvorett saw foreign capital as the future of New York City and decided to seize an opportunity to join Chinese real estate investment firm Kuafu Properties. [VIDEO]

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  • Renderings of Extell Development's 70 Charlton Street (Credit: Beyer Blinder Belle) and Gary Barnett (Credit: STUDIO SCRIVO)

    Renderings of Extell Development’s 70 Charlton Street (Credit: Beyer Blinder Belle) and Gary Barnett (Credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development launched sales Thursday at its new two-tower residential development in Hudson Square. [more]

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  • From left: rendering of a unit inside One57 and Edson Bueno

    From left: rendering of a unit inside One57 and Edson Bueno

    Brazilian billionaire Edson Bueno was behind the LLC that paid $53 million late last year for a glitzy pad in Extell Development’s One57. [more]

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  • A unit at One57

    A unit at One57

    Pads at the glitzy One57 are going like hot cakes at the moment.

    The first week of June saw 26 signed contracts for $4 million or more, according to the latest luxury report by Donna Olshan Realty. And the two biggest contracts of the week were both signed at Extell Development’s 157 West 57th Street. [more]

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  • Rendering of City Point Towers in Downtown Brooklyn

    Rendering of City Point Towers in Downtown Brooklyn

    Gary Barnett is venturing into Brooklyn. [more]

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  • HowardLorberSusandeFrancaRoyKim

    From left: Howard Lorber, Susan de França and Roy Kim

    Roy Kim, a former top design executive for Extell Development, has joined Douglas Elliman in a newly-created new development role, The Real Deal has learned. Kim most recently spent nine months as the head of new development at Compass, but told TRD that “when your heart’s not in it, it’s time to go.” [more]

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  • NEW YORK 2030

    Rendering of Midtown Manhattan skyline in 2030 (credit: VisualHouse)

    With the influx of planned supertall skyscrapers promising to soon change the very shape of New York City’s skyline, a new rendering depicts just what that altered cityscape will look like in a matter of 15 years. [more]

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