Gary Barnett | The Real Deal New York

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Gary Barnett

Founder and President
Extell Development
805 Third Avenue
New York, NY 10022
(212) 712-6000
Website
Gary Barnett
Gary Barnett is the founder and president of Extell Development Corporation, one of the most active development companies in New York City. Barnett made his fortune in the diamond trade, and became active through Extell in the 1990s, ramping up his number of projects, both residential and commercial, significantly during the pre-recession boom. On the residential side, Barnett’s projects have included the 1,000-foot One57, the 37-story Ariel East and 31-story Ariel West condos at 100th Street and Broadway; the Lucida rentals and condos (more than 170 apartments in all, some as big as five bedrooms) at 151 East 85th Street; the 26-unit 995 Fifth Avenue, where some of the condos occupy an entire floor; the 271-unit Rushmore at 80 Riverside Boulevard; and the 150-unit Aldyn nearby at 60 Riverside Boulevard. On the commercial side, Barnett’s projects include the 750,000-square-foot, 34-story International Gem Tower, which topped out in March 2012, and the 1.5 million-square-foot World Product Centre at 555 West 33rd Street, the site of the old Copacabana. Born Gershon Swiatycki, Barnett grew up on Manhattan’s Lower East Side and earned a math degree from Queens College and a master’s in economics from Hunter College. -TA
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barnettomsfbox
02/24/16
The jackhammers and drills have gone silent at Extell Development’s forthcoming condominium tower on the Lower East Side, after the developer was ordered by the...
barnett-omsfbox
02/22/16
At One57, Extell Development raised prices at least 10 times to push some of the world’s richest buyers to their limits. But at its latest project...
530-540 Sixth Avenue Gary Barnett thumb
02/19/16
UPDATED: Feb 19, 3:55 p.m.: Gary Barnett’s Extell Development made yet another deal with the Duell family, buying four adjacent commercial buildings on Sixth Avenue in...
nordstromfbox
02/12/16
Retailer Nordstrom’s massive Manhattan flagship store in Columbus Circle is taking shape, with recently released renderings showing it will total 363,000 square feet and span four...
Barnett_IGT ft
02/11/16
Gary Barnett is hoping to find a diamond in the rough. After struggling to unload the International Gem Tower’s remaining office condominium units to jewelers,...
Josh Caspi Daniel Hollander One Manhattan Square thumb
02/10/16
From the February issue: The Lower East Side is a long gritty neighborhood that’s undergoing a dramatic makeover.  Driving the transformation is the $1.1 billion...
mima fb
02/05/16
Kuafu Properties and Shanghai Construction Group America, the U.S. arm of one of China’s leading construction companies, are gearing up to launch sales at 1...
lending-desert
02/04/16
Wary of a slowdown in high-end apartment sales and a potential supply glut, lenders are beginning to retreat from Manhattan’s luxury condominium market. Many banks...
530 Sixth Gary Barnett thumb
02/02/16
Extell Development is in talks to buy a Greenwich Village commercial property with substantial development rights from the Duell family, the latest of several deals...
SonnyKahnHanleyfbox
02/02/16
Miami-based developer Crescent Heights withdrew plans for a $337.5 million condominium conversion on the Upper East Side, a neighborhood that’s experiencing a residential construction boom...
One57fbox
01/28/16
In a luxury real estate market that is showing signs of slowing down, Gary Barnett’s Extell Development is trying a new trick to bring in...
nordstromfbox
01/28/16
SL Green Realty announced Wednesday that it had inked a 43,000 square foot deal that will bring Nordstrom to 3 Columbus Circle. And now we know it...
REBNY2016FrontFbox
01/21/16
Real estate's biggest names gathered for the 2016 REBNY gala (Credit: Adam Pincus for TRD) In a sense, this year’s REBNY awards banquet was the...
01/13/16
Here’s what readers liked best Tuesday: 1. 421g tax break battle heats up in NY courts 2. Will the newly-formed Meatpacking BID take sides on...
01/12/16
Current reader favorites: 1. The real estate tech arms race 2. Gary Barnett adds to Diamond District assemblage 3. Check out the incredible real estate...
562-564-Fifth-Barnett-FB
01/11/16
Gary Barnett struck a pair of deals that will allow him to move forward with plans to develop another building near his International Gem Tower in...
Crowley Roth
01/07/16
UPDATED, Jan. 11, 9:59 a.m.: New York developers have long called for reform of the Foreign Investment in Real Property Tax Act, or FIRPTA, a...
BarnettNordstromcollage3fbox
01/06/16
Gary Barnett’s Extell Development is in talks to bring on a capital partner at Central Park Tower, the developer’s 1,500-foot condominium project on Billionaires’ Row,...
John Banks
12/31/15
The Real Estate Board of New York is having none of the backlash toward Midtown’s new generation of supertall skyscrapers. From CIM Group’s 432 Park...
The-Real-Deal-2015
12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...
one57 fb
12/30/15
Gary Barnett’s Extell Development is finally seeking help from outside brokerage firms to unload some of the remaining condominium units at One57. Tags: extell development,...
China
12/30/15
Much like their crafty stateside competitors, Chinese developers are constructing massive commercial projects in the biggest U.S. cities, and filling the apartments with Chinese citizens....
top dev sites collage thumb
12/30/15
  Dreams of Manhattan condominiums dominated 2015’s top 10 development site deals. While Gary Barnett’s Extell Development – which is known for this sort of...
fee95aa2-6b0d-42cc-8263-f6c659000ea1 thumb
12/22/15
A rendering showing the city's crop of rising supertall buildingsThe current building boom is set to produce as many record-tall residential towers as were...
1710 Broadway
12/17/15
Gary Barnett’s Extell Development closed on the purchase of a 39 percent stake in C&K Properties’ Midtown development site at 1710 Broadway for about $247...
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Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Dov Hertz is an executive vice president in charge of acquisitions at Extell...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Anthony Mannarino is an executive vice president in charge of development at Extell...
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Donna Gargano is a senior vice president in charge of development at Extell...
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Raizy Haas is senior vice president in charge of development at Extell Development....
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
David Rothstein is an executive vice president in charge of construction at Extell...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Marc Kwestel is an executive vice president in charge of finance at Extell...
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Keith Goich is a senior vice president in charge of architecture and design at...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Carol Richardson is an executive vice president in charge leasing at Extell Development,...
Extell Development, Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Tamar Rothenberg is a vice president in charge marketing at Extell Development, a...
Extell Development, Manager
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Wendy Alper is a manager at Extell Development, a New York City-based developer....
  • Event Sales
  • Building Name former Hard Rock Cafe building
  • Address 220 West 58th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 160,000
  • Price $ 67,500,000
notes
Sold for $67.5 million; Site can be build to 300,000 sf. Includes 221 West 57th Street.
  • Event Sales
  • Address 25 West 20th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 28,000,000
notes
The parking lot and adjacent garage with 92,000 square feet of development rights sold for $28 million.
  • Event Sales
  • Building Name 72-76 Greene Street
  • Address 76 Greene Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 45,000
  • Price $ 23,000,000
notes
Soho landmark with a cast-iron facade, built in 1872 by architect J.F. Duckworth, sold for more than $23 million. A condo conversion is planned.
The-Real-Deal-2015
12/31/15
New York City has, for quite some time, been the world’s most dynamic and high-stakes real estate market. But 2015 pushed all the elements that...
top dev sites collage thumb
12/30/15
  Dreams of Manhattan condominiums dominated 2015’s top 10 development site deals. While Gary Barnett’s Extell Development – which is known for this sort of...
demolition-man-1-1024-e1445520784608-300x189
10/22/15
Manhattan’s great builders are also its most fearsome destroyers. Tags: chetrit group, demolition, extell development, icon realty management, SL Green Realty, trinity real estate ...
NYC Condo Filings 2015 large ft
07/21/15
Gary Barnett’s plans for 250 South Street may have gone through several revisions, but one thing is for sure – the Two Bridges/Chinatown development is the...
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