The Real Deal New York

Posts Tagged ‘extell development’

  • From left: Extell's Gary Barnett, One57 and Silas Chou

    From left: Extell’s Gary Barnett, One57 and Silas Chou

    Two big sales at Extell Development’s One57 hit public records today – totaling $79 million. [more]

  • From left: Gary Barnett and Upper East Side's Park Avenue Christian Church

    From left: Gary Barnett and Upper East Side’s Park Avenue Christian Church (Barnett photo:  STUDIO SCRIVO)

    Gary Barnett’s Extell Development will pay $24.7 million to the Park Avenue Christian Church as part of a plan that allows the developer to build a new residential tower at the site of the church’s parish.

    Under the plan, the church will also get an $8.75 million annex in the new building and $2 million to endow a preschool. The preschool was forced to move out due to Extell’s development, according to the Wall Street Journal. [more]

  • From left: Gary Barnett (Credit: STUDIO SCRIVO), 251 Park Avenue South and Frank Ring

    From left: Gary Barnett (Credit: STUDIO SCRIVO), 251 Park Avenue South and Frank Ring

    Extell Development’s Gary Barnett, in his own words, on how he outmaneuvered rivals and hostile sellers to seize control of one of New York real estate’s most coveted prizes: the million-square-foot F.M. Ring Midtown South portfolio. Read the full story after the jump.

  • extell

    Gary Barnett (credit: STUDIO SCRIVO) and 123 West 57th Street in Midtown

    Gary Barnett’s Extell Development is in talks with the Calvary Baptist Church to acquire the church site at 123-141 West 57th Street for a project separate from the nearby One57.

    Calvary Baptist owns both the church and the Salisbury Hotel on the 191,000-square-foot site, between Sixth and Seventh avenues. FXFOWLE Architects and the architectural team at Extell are working on a design proposal, according to public records cited by the Wall Street Journal. The details of Extell’s plans for a site — if the deal closes — were undisclosed. [more]

  • Plan submitted for Extell Development's residential project at 250 South Street

    Plan submitted for Extell Development’s residential project at 250 South Street

    Extell Development’s planned 68-story tower in the Lower East Side has caused more than one row in the community, but future residents will likely have plentiful peace of mind given the extensive list of amenities mapped out in planning documents. [more]

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  • one-57

    157 West 57th Street in Midtown, and Noble Black

    Chicago-based investor SSO Enterprises flipped a condominium unit at One57 for a profit of nearly $4 million, having paid $30.6 million for it in May and unloading it for $34 million this week.

    The three-bedroom unit on the 58th floor at Extell Development’s forthcoming high-profile residential tower was on the market for $40 million as a sponsor unit. Hedge-fund manager Harvey Sandler and his wife Phyllis acquired the 4,483-square-foot resale unit for $34 million. [more]

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  • Gary Barnett versus everybody

    October 02, 2014 10:30AM
    Gary Barnett (Credit: Studio Scrivo)

    Gary Barnett (Credit: STUDIO SCRIVO)

    From the October issue: Some developers faced with public outrage over creating a so-called “poor door” would, well, duck out the back door. Not Gary Barnett. [more]

  • In their words

    September 25, 2014 04:30PM

    Gary Barnett

    From the September issue: In this month’s in their words feature, Extell’s Gary Barnett offers his two cents on the “poor door” controversy. Keller Williams NYC’s Ilan Bracha comments on the city’s hot market. Meanwhile, NYCHA Chairwoman Shola Olatoye claims the authority’s financial situation is beyond desperate. See these items and more after the jump.

  • Extell's development site at 429 West 36th Street

    Extell’s development site at 429 West 36th Street

    Gary Barnett’s Extell Development Corp. is looking to buy at least $30 million worth of air rights from the Port Authority of New York & New Jersey for a residential development site it owns in the Hudson Yards neighborhood, according to agency documents.

    Extell owns three properties between Ninth and 10th Avenues on the far West Side running block-through from 36th to 37th streets along Dyer Avenue, the sunken roadway that snakes from the Lincoln Tunnel to 30th Street. Extell’s site is surrounded by a number of hotel and residential developments in the booming neighborhood just north of the Related Companies’ and Brookfield Office Properties’ large, mixed-use projects. [more]

  • 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 Extell’s Gary Barnett

    Real estate investment trust SL Green Realty has acquired the upper floors of Extell Development’s International Gem Tower. Those floors have failed to attract tenants since hitting the market. [more]

  • Rendering of 68  Charlton Place and the spot on Google maps

    Rendering of 68 Charlton Place and the spot on Google Maps

    A first rendering has surfaced for Extell Development’s 68 Charlton Place — two residential buildings with 91 market-rate co-op units and 25 affordable apartments.

    The plan, as floated before Community Board 2 at the beginning of the year, calls for two separate 22-story towers. One of those buildings would face Charlton Street and the other Vandam Street. Beyer Blinder Belle is listed as the architect of record on permits filed in October of last year, and which were approved last month. [more]

  • From left: The Aldyn at 60 Riverside Boulevard and Jason Kidd

    From left: The Aldyn at 60 Riverside Boulevard and Jason Kidd

    Former Brooklyn Nets coach Jason Kidd is renting out his apartment. [more]

  • From left: Rogerio Fasano, 16 West 57th Street and Rafael Vinoly

    From left: Rogerio Fasano, 16 West 57th Street and Rafael Vinoly

    A new luxury hotel is coming to billionaire’s row. [more]

  • Gary Barnett and Sheldon Solow

    From left: Gary Barnett and Sheldon Solow

    Extell Development’s Gary Barnett sold off the Midtown development site at the center of the firm’s lawsuit with landlord Sheldon Solow.

    The five-story building at 16-18 West 57th Street traded for $95 million, according to public records. The property has 24,000 square feet and comes with 75,000 square feet of buildable air rights. [more]

  • View from the Park Hyatt New York's Spa Nalai

    View from the Park Hyatt New York’s Spa Nalai (Credit: Mella Robinson for Business Insider)

    Earlier this month, the luxury hotel chain Park Hyatt opened its flagship New York location, Park Hyatt New York.

    Housed inside the near-complete condo One57 on 57th Street, Park Hyatt is 25 floors of sheer elegance and opulence. Rumor has it, in fact, that the Park Hyatt New York could become the first new five-star hotel in New York in more than 11 years. [more]

  • From left:

    From left: Megalith’s Samvir Sidhu, 44 West 66th Street and Extell’s Gary Barnett

    Extell Development plans to build a large condominium tower in partnership with Megalith Capital Management a half a block from Central Park West on land each firm will contribute to the project, recent court records show. [more]

  • Related's Jeff Blau and 261 Hudson Street

    Related’s Jeff Blau and 261 Hudson Street

    Long considered a secondary neighborhood to Soho to the east and Tribeca to the south, Hudson Square is having its moment. [more]

  • 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]

  • 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]

  • 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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