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Posts Tagged ‘extell development’

  • In their words

    September 25, 2014 04:30PM
    Gary_Barnett_3111

    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.

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  • 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]

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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 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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]

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  • 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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