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
Gary Barnett along with renderings of 1637 First Avenue (Extell Development, iStock)
Extell lands $125M loan for UES resi project
Extell lands $125M loan for UES resi project
Netflix co-founder Reed Hastings (Getty Images, iStock)
Netflix bids on 289-acre land in New Jersey
Netflix bids on 289-acre land in New Jersey
Gary Barnett and a rendering of 356 Fulton Street in Brooklyn (Extell Development, iStock)
Feil out, Extell in at big Brooklyn development
Feil out, Extell in at big Brooklyn development
Gary Barnett
Gary Barnett has something to say
Gary Barnett has something to say
Extell Development's Gary Barnett. Bluestone Group's Eli Tabak and 605 West 45th Street (Google Maps. LinkedIn, Extell Development)
Gary Barnett hunts lucrative Hell’s Kitchen assemblage
Gary Barnett hunts lucrative Hell’s Kitchen assemblage
arrow_forward_ios

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

Loading...