The Real Deal New York

Posts Tagged ‘gary barnett’

  • Gary Barnett and 134 West 58th

    From left: Gary Barnett and 134 West 58th Street in Midtown

    Gary Barnett’s Extell Development is planning a new 18-story residential building just south of Central Park, according to a permit application filed with the city Thursday.

    The new structure at 134 West 58th Street will house 41 residential units in just over 52,000 square feet of space.

    Issac & Stern Architects is serving as the architect of record.  [more]

  • One57

    157 West 57th Street in Midtown (credit: Lenny Spiro)

    Not everyone’s bullish on the city’s residential real estate market heading into 2016.

    “I’m telling clients – and not making public – that we think we are past the peak and they should get realistic and drop the price, take the bid and move on,” one major investment broker recently said, on condition of anonymity. [more]

  • From left: Gary Barnett (Photo: STUDIO SCRIVO), 217 West 57th Street, Jeff Blau and the Hudson Yards megadevelopment

    From left: Gary Barnett (Photo: STUDIO SCRIVO), 217 West 57th Street, Jeff Blau and the Hudson Yards megadevelopment

    A quick glance at Manhattan’s rapidly changing — and rising — skyline is all the proof New Yorkers need to see that the city’s biggest developers aren’t messing around. Click here to watch The Real Deal’s latest video, which features a closer look at the borough’s busiest builders.

  • One Manhattan Square NYC

    Rendering of One Manhattan Square at 250 South Street (credit: Extell) (inset: Gary Barnett)

    New Yorkers will have to wait in line for an apartment at Gary Barnett’s One Manhattan Square condo tower on the Lower East Side, because Extell Development is marketing the project to Asian buyers first. [more]

  • Gary Barnett Central Park Tower

    From left: Gary Barnett and the Central Park Tower at 217 West 57th Street in Midtown

    From the October Issue: “Our strength is assembling land,” Extell Development’s Gary Barnett told an Israeli TV station late last year as he gave a reporter a tour of his condo tower One57. “On that, we’re Number 1.”

    It’s hard to deny the accuracy of Barnett’s assessment. While Barnett was chatting with that reporter, construction crews were clearing the site for his next supertall tower just one block west at 217 West 57th.

    That tower — which was unofficially known as Nordstrom Tower, but has now been officially dubbed Central Park Tower — will top out at 1,550 feet tall when it opens in 2019. [more]

  • How Gary Barnett made the Ring bling

    October 02, 2015 03:10PM
    Ring Portfolio NYC

    Gary Barnett (credit: STUDIO SCRIVO) has sold 10 Ring portfolio properties to buyers including Robert Gladstone (top left) and Jeffrey Feil (bottom right)

    TRD Friday Feature:When Gary Barnett finally won a 14-building portfolio of properties owned by brothers Frank and Michael Ring in late 2013 – after much maneuvering and legal wrangling – it was viewed as a coup for one of New York’s savviest dealmakers. [more]

  • Gary Barnett

    Gary Barnett (credit: STUDIO SCRIVO) and three Ring portfolio office buildings

    After ground-leasing five of its Ring portfolio office buildings to the Kaufman Organization, Gary Barnett’s Extell Development has closed on the sale of those buildings to HLP Properties in a deal worth over $250 million, sources told The Real Deal. [more]

  • 45-47 West 27th Street

    Jerry Gottesman and 45-47 West 27th Street in NoMad

    Jerry Gottesman isn’t cashing out on his Manhattan portfolio yet. To the contrary, the octogenarian chair of Edison Properties just closed on the $43.1 million purchase of one of the office buildings in Gary Barnett’s Ring portfolio. [more]

  • NYC Condo Developers

    From left: Gary Barnett, Ziel Feldman, Ben Shaoul, Jeff Blau and Aby Rosen

    In the 1990s, Gary Barnett, Ziel Feldman and Kevin Maloney were principals at Property Markets Group as the firm became a major player on the New York real estate scene.

    Barnett struck out on his own in 1995, while Feldman followed suit a decade later. And the companies they started, Extell Development and HFZ Capital Group, are now Manhattan’s two most active condominium developers, according to a new analysis by The Real Deal.

  • Gary Barnett Pope Francis

    From left: Gary Barnett, a rendering of 250 South Street and Pope Francis

    It’s Pope Francis Week in New York City. And neighborhood activists are using the opportunity to seek the pontiff’s intervention against luxury development that they say is displacing local residents. [more]

  • Steven Roth

    UPDATED, 4:25 p.m., Sept. 17: Last night’s Republican presidential debate got us at The Real Deal thinking – what Secret Service code names would some of New York’s biggest commercial real estate players have, if they were president? Well, we’ve done our research, and here they are.

  • Prices at 212 Fifth to start at $2,500 psf

    September 09, 2015 09:00AM

    From left: Robert Gladstone, Gary Barnett and 212 Fifth Avenue

    New details continue to trickle out on Madison Equities, Thor Equities and Building and Land Technology’s condo conversion of 212 Fifth Avenue in NoMad. [more]

  • Rendering of 217 West 57th Street in Midtown (inset: Gary Barnett)

    Rendering of 217 West 57th Street in Midtown (credit: New York YIMBY) (inset: Gary Barnett)

    It appears conjecture over the planned height of Gary Barnett’s supertall Central Park Tower, at 217 West 57th Street in Midtown, can finally be laid to rest. [more]

  • 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.

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]

  • 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]