The Real Deal New York

Posts Tagged ‘gary barnett’

  • 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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  • 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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  • 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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  • 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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  • extell-rendering-1-620x405

    A rendering of 250 South Street, Cherry Street and Gary Barnett

    On Wednesday, Extell Development received a stop-work order on its 700-foot-tall tower at 250 South Street over concerns that construction was causing Cherry Street to collapse. That order has now been rescinded. But Extell still may have to rip up and repave the entire street. [more]

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  • A unit at One57

    A unit at One57

    Pads at the glitzy One57 are going like hot cakes at the moment.

    The first week of June saw 26 signed contracts for $4 million or more, according to the latest luxury report by Donna Olshan Realty. And the two biggest contracts of the week were both signed at Extell Development’s 157 West 57th Street. [more]

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  • Rendering of City Point Towers in Downtown Brooklyn

    Rendering of City Point Towers in Downtown Brooklyn

    Gary Barnett is venturing into Brooklyn. [more]

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  • garyBarnettNordstrom

    From left: Rendering of Nordstrom Tower (credit: Smith + Gill), Gary Barnett (Credit: STUDIO SCRIVO) and rendering of One57

    Developer Gary Barnett has sky-high ambitions for the Nordstrom Tower: Whether or not his condo tower at 217 West 57th Street becomes the tallest building in New York City, Barnett could break records if he comes close to his projected $4.4 billion sellout. [more]

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  • 123 West 57th Street

    From left: Gary Barnett, massing diagram for 123 West 57th Street and 123 West 57th Street in Midtown

    Plans have emerged for the redevelopment of the Calvary Baptist Church site at 123 West 57th Street indicating that limited air rights would prevent any building at the site from reaching the stratospheric heights of other skyscrapers on the block. [more]

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  • Official rendering of the Nordstrom Tower at 217 West 57th Street (credit: Extell) (inset: Gary Barnett)

    Official rendering of the Nordstrom Tower at 217 West 57th Street (credit: New York YIMBY) (inset: Gary Barnett)

    With the Nordstrom Tower, Gary Barnett is aiming to set the world record for priciest building ever sold — a total $4.4 billion sellout. [more]

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  • Rendering of 217 West 57th Street (left; credit: NY YIMBY) and Gary Barnett (inset)

    Rendering of 217 West 57th Street (left; credit: NY YIMBY) and Gary Barnett (inset)

    Extell Development head Gary Barnett has “categorically” denied reports that the company’s planned supertall residential tower at 217 West 57th Street will surpass 1 World Trade Center in height. [more]

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  • From left: 54th floor apartment at One57 and Rebecca and John Moores

    From left: 54th-floor apartment at One57 and Rebecca and John Moores

    Rebecca Moores, the ex-wife of former San Diego Padres owner John Moores, is looking to transfer her contract on a glitzy pad at Extell Development’s One57 to another buyer for $35.2 million. [more]

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  • The Calvary Baptist Church and the Salisbury Hotel at 123 West 57th Street in Midtown and Gary Barnett (inset)

    The Calvary Baptist Church and the Salisbury Hotel at 123 West 57th Street in Midtown and Gary Barnett (inset)

    The Calvary Baptist Church on West 57th Street is planning to decide whether or not to sell two properties to Gary Barnett’s Extell Development. [more]

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  • Super Rich, LLC

    April 29, 2015 04:50PM
    From left: the master bedroom in the One57 model unit and the view from its living room

    From left: the master bedroom in the One57 model unit and the view from its living room

    Maybe Platinum Hideaway and Hebrews 3:4 will run into each other in the elevator of Extell Development’s glitzy One57. Pac Wholly Own could knock on Escape from New York’s door for a cup of sugar. [more]

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  • RobertDvorinWendyMaitlandGaryBarnett

    From left: Robert Dvorin, Wendy Maitland, a rendering of One57 and Gary Barnett

    UPDATED: 12:35 p.m., April 28: Hedge funder Bill Ackman just got himself a new neighbor at One57.

    An undisclosed European buyer paid $45 million for Unit 77, a full-floor condo one floor above the duplex bought by Ackman and a group of investors. The 77th-floor pad has four bedrooms and 4.5 bathrooms. [more]

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  • Gary Barnett and an illustration of One57

    Gary Barnett and an illustration of One57

    By the looks of it, Gary Barnett is getting some divine help in his bid to sell out One57.

    A mysterious entity called “Hebrews 3:4 LLC” scooped up a 53rd-floor apartment for $30 million, property records filed with the city today show. The name appears to refer to a sentence in the New Testament: “For every house is built by someone, but God is the builder of everything.”

    Whether the buyer is religious or just has an unusual sense of humor, he or she will surely live like a god. [more]

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  • Steve Roth, Gary Barnett. Andrew Farkas, Jeff Blau

    From left: Steve Roth, Gary Barnett (Credit: STUDIO SCRIVO). Andrew Farkas, Jeff Blau (Credit: Chris Martin)

    Extell Development’s Gary Barnett and Vornado Realty Trust’s Steven Roth, who are both testing the limits of Manhattan’s luxury residential market, believe that continued global demand for top-end product could push prices even higher.

    The founders of Extell Development and Vornado Realty Trust spoke on a panel Tuesday as part of a forum hosted by the China General Chamber of Commerce at Bloomberg LP’s headquarters in New York. They were joined by Related Cos. CEO Jeff Blau and Goldman Sachs’ Mike Graziano, and discussed Chinese investment in the New York market, the proliferation of EB-5 financing and the state of the residential market. [more]

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  • 50-Riverside-Gary-Barnett

    From left: 50 Riverside Boulevard and Gary Barnett

    More than 88,000 applicants are vying for 55 affordable housing units at Extell Development’s Upper West Side “poor door” development. [more]

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  • From left: Steve Witkoff, 30 Central Park South and Gary Barnett

    From left: Steve Witkoff, 30 Central Park South and Gary Barnett

    Extell Development’s Gary Barnett has approached the co-op board of 30 Central Park South — a former hotel that now primarily houses dentists’ offices — about a possible purchase. The move could make it challenging for Steve Witkoff and Harry Macklowe, who own the nearby Park Lane Hotel as well as an adjacent rental building, to build a supertall structure at the Park Lane site. [more]

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