Barnett denies Qatar prime minister purchased homes inside One57

New York /
Jul.July 03, 2012 02:00 PM

Extell Development has denied reports that the Prime Minister of Qatar made any purchases in the One57 condominium building, in an email sent to the press, let alone $250 million worth of them. Yesterday, a report said Prime Minister Sheik Hamad was the buyer of the 10,923-square-foot penthouse and four other units in the building.

In a Wall Street Journal article published today, Extell President Gary Barnett declined to disclose the buyers of the One57 apartments, but said rumors that the buyers are from the former Soviet Union or the Middle East were incorrect.

“Neither is on the right continent,” Barnett told the Journal. “So they have another five guesses to go.”

The supposed plans of the Prime Minister were to buy the 10,923-square-foot penthouse, which was already reported to have a contract price above $90 million, as well as some full-floor units inside the building. — Zachary Kussin


Related Articles

arrow_forward_ios
One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)
Extell lands $690M refinancing package for One Manhattan Square
Extell lands $690M refinancing package for One Manhattan Square
Extell Development's Gary Barnett (Credit: Getty Images and iStock)
Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower
Chelsea residents paid Gary Barnett $11M to protect their views from a planned tower
Central Park Tower
Extell just went public with Central Park Tower listings
Extell just went public with Central Park Tower listings
Extell's Gary Barnett and One57 (Getty)
One57 is 90% sold: Extell announces Q1 sales
One57 is 90% sold: Extell announces Q1 sales
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
The soft market for luxury units has some developers hard up. (Getty)
Buyers taking advantage of New York City’s condo glut
Buyers taking advantage of New York City’s condo glut
One57's unit 51B (left) and unit 32C with Extell’s Gary Barnett (One57 photos via StreetEasy)
One57 resident pays $5.2M to swap 2-bed for duplex
One57 resident pays $5.2M to swap 2-bed for duplex
Central Park Tower at 217 West 57th Street and Extell president Gary Barnett
Closings kick off at Central Park Tower
Closings kick off at Central Park Tower
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...