The Real Deal New York

Posts Tagged ‘extell development’

  • 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]

    Comments
  • 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]

    1 Comment
  • Gary Barnett and 157 West 57th Street

    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.

    Silverstein Properties, Thor Equities, Friedman Management, Fisher Brothers and Extell Development Company have come under fire and were hit with subpoenas from the Moreland Commission as part of an investigation into public corruption before the agency was suspended in March. But of the five, only Extell and Friedman have actually secured the 421-a exemptions thus far, the New York Observer reports. [more]

    Comments
  • 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]

    Comments
  • 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 Gary Barnett

    SL Green is reportedly in talks to pick up the top 13 stories of Extell Development’s International Gem Tower. [more]

    1 Comment
  • Habonim-Barnett

    Congregation Habonim at 44 West 66th Street and Gary Barnett

    Gary Barnett’s Extell Development signed a contract to buy a parcel at 44 West 66th Street that is now occupied by a synagogue. The parcel is adjacent to a development site that builder Megalith Capital Management recently purchased. [more]

    1 Comment
  • From left: Gary Barnett and 80 Riverside Drive

    Gary Barnett and 80 Riverside Boulevard

    Lawyers for Extell Development are scheduled to appear in court next month on a possible civil contempt charge amid claims that the developer is refusing to hand over $440,000 to a bank executive in a long-running dispute at the Rushmore condominium on the Upper West Side. [more]

    Comments
  • poor-door

    From left: Gary Barnett, 40 Riverside Boulevard and Mayor Bill de Blasio

    Despite criticizing developers’ use of “poor doors,” Mayor Bill de Blasio voted in favor of a zoning resolution change in 2009  that allowed a building to have separate entrances. [more]

    3 Comments
  • From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    From left: Gary Barnett and Roy Kim (Credit: Urban Compass)

    Extell Development’s top design executive left Gary Barnett’s firm to join Urban Compass. Roy Kim, who worked on projects including One57 and the Carlton House, will build a new development team at the cash-rich real estate tech startup. [more]

    12 Comments
  • 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 Arts Students League building

    A New York Supreme Court Justice dismissed a lawsuit brought by more than 100 members of the Art Students League of New York against the League, its 12-member board and Extell Development Company. [more]

    2 Comments
  • 40 Riverside Boulevard

    40 Riverside Boulevard

    WEEKENDEDITION UPDATED, 5:05 p.m., July 21: Extell has received approval from the city to install a so-called a “poor door” on its Upper West Side development at 40 Riverside Boulevard.  [more]

    Comments
  • From left: Frank Ring, 80 West End Avenue, Gary Barnett and Jared Kushner

    From left: Frank Ring, 80 West End Avenue, Gary Barnett and Jared Kushner

    Real estate owner Frank Ring has purchased 80 West End Avenue for $195 million from Gary Barnett and Jared Kushner. [more]

    2 Comments
  • carlton

    21 East 61st Street

    A six-bedroom penthouse co-op at the Carlton House asking $65 million entered contract with an undisclosed buyer, according to StreetEasy data. [more]

    Comments
  • Nordstrom Tower drawings

    Nordstrom Tower drawings

    New drawings reveal that Extell Development’s Nordstrom Tower at 225 West 57th Street would be the world’s tallest residential building — if the project proceeds as planned. [more]

    Comments
  • 21 East 61st Street

    21 East 61st Street

    Extell Development is looking to shatter the record for the city’s priciest ever “white box” sale with a $65 million, 10,000-square-foot unfinished limestone townhouse on East 61st Street at Madison Avenue.

    The pricey pad at 21 East 61st Street is completely raw, with no walls, paint or even a toilet, according to the New York Daily News. A grand spiral staircase will link the floors, however, and the property boasts 5,000 square feet of outdoor space. The buyer will also have access to amenities at the Carlton House cond-op next door, which include a 65-foot indoor pool, fitness center, game room and concierge. [more]

    2 Comments
  • Barnett-Westbourne-Malone-New

    From left: Gary Barnett, 601-611 West 137th Street (Photo credit: PropertyShark) and Georgia Malone

    A New York State appellate division panel rejected what was likely Extell Development’s last effort to pay a much lower commission rate on a $66 million, five-building portfolio sale in Hamilton Heights from 2012. [more]

    3 Comments
  • OurLadyVilniusExt_tmb

    Our Lady of Vilnius

    Condo developer Agime Group LLC has plunked down nearly $31 million for adjacent lots in the Hudson Square area – including a shuttered church that Gary Barnett’s Extell Development bought last year. According to property records, Agime paid Extell $18.4 million for the lot at 568 Broome Street, site of Our Lady of Vilnius, which Extell acquired last year for $16.5 million. Agime also bought the adjacent walkup at 572 Broome Street for $12.3 million from seller Linda Sousa, according to property records. Sousa inherited the brick walkup from her aunt and uncle, who bought the building 1955 for $18,500, according to a 2006 article in The New York Times. [more]

    1 Comment
  • From left: Gary Barnett, 229 Cherry Street sketch and demolished Pathmark

    From left: Gary Barnett, 229 Cherry Street sketch and demolished Pathmark

    Extell Development’s Lower East Side project has come under fire for promoting what some residents call “economic segregation.” [more]

    3 Comments
  • From left: Andrew Cuomo, One57, Gary Barnett and Glenwood's Leonard Litwin

    From left: Andrew Cuomo, One57, Gary Barnett and Glenwood’s Leonard Litwin

    Governor Andrew Cuomo has become the biggest beneficiary of a loophole in New York State’s campaign finance regulations that allows businesses and individuals to donate large amounts of money to politicians. The lion’s share of the donations appears to be coming from real estate developers. [more]

    2 Comments
  • From left: John Lam and 112 West 25th Street

    From left: John Lam and 112 West 25th Street

    Antiques Garage, a 20-year-old flea market in Chelsea, is making way for a  new development. [more]

    Comments
MENU

Subscribe to our email newsletters

New York Real Estate News
South Florida Real Estate News