Extell to include dorm in Midtown rental tower project

Gary Barnett in talks with several universities

Aug.August 13, 2014 12:00 PM

Extell Development is constructing its first dormitory housing as part of a 52-story Midtown residential tower at 547-555 10th Avenue.

The developer will include 300 dormitory beds on the second through seventh floors. Gary Barnett is in talks with several universities, according to the New York Observer. Students would enter the 710,907-square-foot Property Along 41st Street.

The building will primarily hold rental units. Of the 600 apartments, 120 are slated for affordable housing. There will also be a bowling alley, dog washing station, indoor pool, yoga facility and gaming lounge. The roof will feature another pool as well as cabanas and a dining area. The students would not be able to access those amenities, the Observer said.

In 2011 Barnett signed a 99-year ground lease with the estate of Sol Goldman, and in 2012, he bought air rights from the neighboring Roman Catholic Church. [NYO]Mark Maurer

Related Articles

One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)

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

Central Park Tower

Extell just went public with Central Park Tower listings

Central Park Tower and Gary Barnett

Pricey listings including UES townhouse, Central Park Tower condos go live

Gary Barnett, Central Park Tower, and the Tel Aviv Stock Exchange Bull (Credit: Wikipedia, iStock)

Extell’s Israeli bonds put on downgrade watch

Clockwise from the top: 500 East 30th Street, 1 Ellis Street and 2555 Broadway (Credit: Google Maps)

NYC’s 10 biggest new real estate projects

One Manhattan Square’s adult treehouse (Credit: Extell)

Check out Gary Barnett’s “Adult treehouse” at One Manhattan Square

Extell CEO Gary Barnett and JPMorgan’s Jamie Dimon (Credit: Getty Images)

Barnett refis Diamond District assemblage with $340M loan