The Real Deal New York

Posts Tagged ‘gary barnett’

  • From left, 160 E. 125th St., Gary Barnett

    From left, 160 E. 125th St., Gary Barnett

    The head of an East Harlem board that controls a property occupied by a Pathmark grocery store has ended negotiations with luxury condominium developer Extell Development. [more]

  • Extell's Gary Barnett and One57

    Extell’s Gary Barnett and One57

    A Hong Kong-based buyer has shelled out $30.6 million for a 60th-floor unit at Gary Barnett’s One57, according to property records filed with the city.

    Rainbow Choice International Limited closed on the sale March 28. The unit, 60A, isn’t listed on StreetEasy, but a three-bedroom, 4,200-square-foot unit directly below it sold for $30.4 million. [more]

  • Park Hyatt at One57 set to open in August

    February 25, 2014 08:34AM

    Renderings of Park Hyatt at 153 West 57th Street

    The Park Hyatt Hotel at One57 is scheduled to open for business on Aug. 28, when the five-star hotel will occupy the first 30 floors of the Extell Development condominium tower. [more]

  • From left:

    From left: Renderings of One57 tower, 432 Park Avenue, 107 West 57th Street and Gary Barnett

    Gary Barnett of Extell Development took something of a pummeling at yesterday’s panel of New Yorkers concerned about the shadows that rising skyscrapers will cast over Central Park. The verbal attacks were not overly surprising, considering Barnett was the sole defender of the construction of the towers. [more]

  • From left: Marc Holliday, 560 Fifth Avenue and Gary Barnett

    From left: Marc Holliday, 560 Fifth Avenue and Gary Barnett

    SL Green Realty has paid $146.2 million to develop 45,000 square feet of retail space along Fifth Avenue, in a series of deals with Gary Barnett’s Extell Development. [more]

  • Clockwise from left: interior of 535 West End Avenue, John Gomes, exterior, Frederik Eklund

    Clockwise from left: interior of 535 West End Avenue, John Gomes, exterior, Fredrik Eklund

    An undisclosed owner of a “high-floor unit” in an Extell tower on the Upper West Side is asking $27.5 million, or $3,254 per square foot, according to StreetEasy. [more]

    1 Comment
  • Ring-212-Barnett

    From left: Frank Ring, 251 Park Avenue South, 212 Fifth Avenue and Gary Barnett

    Gary Barnett’s Extell Development paid $308.2 million for Frank Ring’s 50 percent stake in 13 buildings, mostly located in Midtown South, city records show. The acquisition was announced in October when the contract was signed but the price had not been revealed. [more]

  • From left: 35 West 15th Street, 303 East 77th Street and 225 West 57th Street

    35 West 15th Street, 303 East 77th Street and 225 West 57th Street

    As luxury residential properties in New York City grow ever bigger and flashier, cantilevers are boldly following suit.

    Driven by a demand for developments that are ever “bigger and better,” as the mantra goes, increasingly audacious cantilevers are possible thanks to changes in technology such as structural steel and reinforced concrete that render a load-bearing wall, once an architectural necessity, nearly obsolete. Air rights transfers have also served them well, enabling cantilevers to stretch higher and farther as long as they adhere to density quotas and stay far enough away from neighboring roofs. [more]

  • From left: Gary Barnett and 227 Cherry Street

    From left: Gary Barnett and 227 Cherry Street

    Extell Development’s forthcoming development on the Lower East Side site of the former Pathmark grocery store will involve a massive tower, according to a neighborhood official. [more]

  • angelo-gordon

    68 Charlton Street (via Curbed) and John Angelo

    Investment firm Angelo, Gordon & Co. intends to build a 13-story condominium building on a Hudson Square lot that former owner Extell Development planned to develop as a 35-story hotel.

    The property at 68 Charlton Street, near Varick Street, would be 115,296 square feet and hold 79 units. Amenities will include a gym, pool, basement steam room and children’s playroom. [more]

    1 Comment
  • Gary Barnett and a rendering of a living room at One Riverside Park (Credit: Wordsearch/Visualisation One)

    Gary Barnett and a rendering of a living room at One Riverside Park (Credit: Wordsearch/Visualisation One)

    Gary Barnett has pulled the remaining units at Extell Development’s One Riverside Park off the market pending a price adjustment, in response to the robust demand for the building. Sales were approved by the New York state attorney general 10 days ago. [more]

    1 Comment
  • Crane dangling from One57 after Hurricane Sandy and Gary Barnett (inset)

    Crane dangling from One57 at 157 West 57th Street after Hurricane Sandy and Gary Barnett (inset)

    Extell Development has finally taken down its much-maligned crane at One57, the developer said. “As One57 approaches completion, with its first closings scheduled for December, the crane was safely and successfully removed from the building this morning,” Extell said in a statement. [more]

  • Barnett-Westbourne-Malone

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

    Gary Barnett’s Extell Development must pay $1.32 million to broker Georgia Malone after battling with her for nearly a year over how much commission she deserved on a multifamily building portfolio sale, court records disclosed today show. [more]

  • 157 West 57th Street

    157 West 57th Street

    Extell Development’s much-maligned billionaire’s tower One57 is nearly sold out. [more]

  • From left: 157, 215 and 225 West 57th Street and Gary Barnett

    From left: 157, 215 and 225 West 57th Street and Gary Barnett

    Despite Community Board 5′s reputation as one of the city’s kindest to developers, Extell Development’s Gary Barnett has made little headway in winning it over. [more]

  • Rendering of the base of 217 West 57th Street

    225 West 57th Street

    The Landmarks Preservation Commission has voted in favor of the Nordstrom tower cantilever, moving Extell Development’s plans for 225 West 57th Street forward.

    Voting 6-1 in favor, the LPC closed the door on a debate about whether the cantilever would be an eyesore on the Art Students League of New York building next door. The overhang, it ultimately decided, posed no negative impact and will, according to one member of the commission cited by New York YIMBY, protect the building from intrusions and help preserve the landmark in its current state. [more]

  • 255 West 86th Street

    255 West 86th Street

    The grandson of a Belnord tenant has renewed his fight to toss out a deal between residents of the Upper West side building and their landlord, Extell Development.

    The 2006 agreement insulated them from capital improvements charges, capped their rents and limited relatives’ ability to inherit their apartments. However, the unusual deal, approved by the state Division of Housing and Community Renewal, raised eyebrows at the time of signing and has drawn questions of whether it was even legal. [more]

  • vornado

    From left: Steven Roth, 220 Central Park South and Gary Barnett

    Vornado Realty Trust and Extell Development have officially settled litigation over side-by-side development lots, paving the way for Vornado to start construction on a 920-foot-high, 41-story condominium tower at 220 Central Park South. [more]

  • Tabak-69-75E125-Barnett

    From left: Eli Tabak, 69-75 East 125th Street (Photo credit: PropertyShark) and Gary Barnett

    The Bluestone Group purchased the debt on three mid-block Harlem buildings that make up most of a site with about 64,000 square feet of development rights, half a block from Bruce Eichner’s planned 320-foot residential towers. [more]

  • From left: Frank Ring and Gary Barnett

    From left: Frank Ring and Gary Barnett

    Extell Development officially acknowledged its 14-property Ring Portfolio acquisition today, a more than 1 million-square-foot package that includes 212 Fifth Avenue, 251 Park Avenue South and 17 West 60th Street.

    “Finding this size of a portfolio in this type of a market so perfectly positioned for re-development is really rare,” Dov Hertz, executive vice president of acquisitions for Extell, said in a release. [more]