The Real Deal New York

Extell in talks to do another deal with Calvary Baptist

Gary Barnett's interest in church property said to be unrelated to project at nearby One57
October 13, 2014 03:05PM

Gary Barnett’s Extell Development is in talks with the Calvary Baptist Church to acquire the church site at 123-141 West 57th Street for a project separate from the nearby One57.

Calvary Baptist owns both the church and the Salisbury Hotel on the 191,000-square-foot site, between Sixth and Seventh avenues. FXFOWLE Architects and the architectural team at Extell are working on a design proposal, according to Public Records Cited By The Wall Street Journal. The details of Extell’s plans for a site — if the deal closes — were undisclosed.

Church officials tapped the brokerage Savills Studley to market the site. The church is more than 130 years old.

Extell already bought more than 30,000 square feet in air rights from Calvary Baptist for $28.6 million for the One57 project, back in 2009, as previously reported. [WSJ]Mark Maurer