The Real Deal New York

Posts Tagged ‘gary barnett’

  • 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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  • Two Bridges Project

    From left: On-site rendering of 250 South Street and Gary Barnett (credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development is looking to downsize the scope of its proposed tower at 250 South Street in Lower Manhattan.

    The developer is looking to change the height of the building on the former Pathmark site to 56 stories from 71, which comes down to roughly 100 feet, according to Bowery Boogie. The building will include 646 residential units across more than 748,000 square feet, according to the website. [more]

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  • One57 and Gary Barnett

    One57 in Midtown (inset: Gary Barnett)

    Gary Barnett’s Extell Development was hit with a stop-work order at One57 after a 4-by-4 sheet of plexiglas fell from the building over the weekend, hitting two parked cars. No one was injured. [more]

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  • From left: Gary Barnett (top left), Ziel Feldman and the Belnord

    From left: Gary Barnett (top left), Ziel Feldman and the Belnord at 225 West 86th Street

    Ziel Feldman’s HFZ Capital Group paid $575 million for Extell Development’s the Belnord, a rental building on the Upper West Side. [more]

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  • From left: A rendering of One57 and Guoqing Chen

    From left: A rendering of One57 and Guoqing Chen (Credit: China Institute of America)

    UPDATED, 6:06 p.m., Feb. 5: The founder of China’s largest private airline company paid $47.4 million for a full-floor condo at Extell Development’s’s One57.

    Guoqing Chen, co-founder of HNA Group, closed on the 86th floor unit on Jan. 21, paying $7,645 per square foot for the luxury condo, according to property records filed with the city today. Public documents list the buyer One57 86 LLC, but Chen’s name is listed on the $30.2 million mortgage. [more]

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  • 21 East 61st Street

    21 East 61st Street

    Extell Development sold a penthouse at the Carlton House for $52 million, according to property records filed with the city today. The duplex pad was asking $65 million.  [more]

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  • From left: 331 Park Avenue South and Gary Barnett

    From left: 331 Park Avenue South and Gary Barnett (Credit: STUDIO SCRIVO)

    Gary Barnett’s Extell Development sold 331 Park Avenue South, one of the buildings the company acquired in 2013 as part of the F.M. Ring portfolio, for $39.5 million to Metro Loft, The Real Deal has learned.

    The purchase marks Metro Loft’s second acquisition from the portfolio. In December, the developer bought a 12-story building at 114 East 25th Street for $36.5 million. Extell paid $308 million for a 50 percent stake in the Ring package. [more]

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  • gladstone

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

    UPDATED: 4:56 p.m., Jan. 14: An office building at 212 Fifth Avenue, the crown jewel of the Ring portfolio in Midtown South, will be converted into a residential project with 48 apartments, according to a permit application filed with the city today. Although Gary Barnett’s Extell Development officially owns the building and is listed on the permit, sources said the 220,000-square-foot, 24-story property is in contract to sell to Joseph Sitt’s Thor Equities for $260 million. Robert Gladstone’s Madison Equities and real estate investment firm Building and Land Technology (BLT) are also buying a stake in the property.  [more]

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  • Gary Barnett and 1010 Park Avenue

    Gary Barnett and 1010 Park Avenue

    Gary Barnett’s Extell Development won the approval of the Landmarks Preservation Commission for its proposed 16-story condominium project at 1010 Park Avenue, which will see the developer demolish a historic Park Avenue church rectory building. [more]

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