Extell lands $690M refinancing package for One Manhattan Square
Extell’s Gary Barnett and his proposed Riverside Center
Extell Development got two steps closer yesterday to getting the go-ahead from the city on its 3.1 million-square-foot Riverside Center project with unanimous approval from two City Council committees, Crain’s reported. The ‘yes’ votes by both the Committee on Land Use and the Subcommittee on Zoning and Franchises are hopeful signs for the project as it heads to a final vote by the full City Council later this month. The mixed-use project has endured its fair share of controversy in recent months, agreeing to up the size of the school originally proposed as part of the development and to reserve at least 20 percent of the 2,500 units in its five planned apartment towers for affordable housing. The site, which will sit between West 59th and West 61st streets and West End Avenue and the Hudson River, is the largest remaining undeveloped parcel of land on the Upper West Side. [Crain’s]
