The Real Deal New York

Posts Tagged ‘extell development’

  • Having finalized the sale of its longtime Upper West Side campus, the Collegiate School acquired 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]

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  • 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.

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  • 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]

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  • 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]

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  • Extell UES

    From left: Gary Barnett, John Catsimatidis and 350 East 86th Street on the Upper East Side

    Gary Barnett’s Extell Development is in contract to buy a Gristedes supermarket site on the Upper East Side for about $100 million. The deal will let the developer put up a 20-story condominium project of more than 200 units, when combined with other sites Extell already owns. [more]

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  • Clockwise from top left: Allen Miller and Carter Gray, Baiting Hollow Golf Club, Kevin Gallagher and Brian Flax, Mark Angelo, Miles Bloom and John Stern

    Clockwise from top left: Alan Miller and Carter Gray, Baiting Hollow Golf Club, Brian Flax, Mark Angelo, Miles Bloom and Jonathan Stern and Kevin Gallagher

    Top New York real executives substituted the Monday blues for the Monday greens, taking an opportunity to rub shoulders, compete and still do a little business at The Real Deal’s fifth annual Hamptons golf tournament. Click here to view photos from the day, and keep an eye out for a full video recap, which will hit the site sometime next week.

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  • 1710 Broadway

    From left: 1710 Broadway in Midtown (inset: Gary Barnett, Meir Cohen and Yoron Cohen) (Barnett photo credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development is coming in as a partner on C&K Properties’ Midtown development site at 1710 Broadway, The Real Deal has learned. The site offers about 370,000 buildable square feet in one of the busiest areas of Manhattan and could accommodate a tower as high as 1,000 feet. [more]

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  • 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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