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

New York /
Oct.October 13, 2014 03:05 PM

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


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 has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett has another problem at UES site: a stabilized tenant
Gary Barnett and Jay and Stuart Podolsky in front of 1645 First Avenue (Getty, Google Maps)
Gary Barnett site has one problem: the Podolsky brothers
Gary Barnett site has one problem: the Podolsky brothers
Kathryn Garcia backers include Extell's Gary Barnett, BFC Partners' Donald Capoccia, and L+M's Ron Moelis and David Dishy (Getty, BFC, L+M)
Gary Barnett throws $50K behind PAC supporting Kathryn Garcia
Gary Barnett throws $50K behind PAC supporting Kathryn Garcia
58 percent of respondents said their employees would be in the office at least three days a week (iStock)
Tech workers plan to head back to offices by Q3
Tech workers plan to head back to offices by Q3
Extell's Gary Barnett and One57 (Getty)
One57 is 90% sold: Extell announces Q1 sales
One57 is 90% sold: Extell announces Q1 sales
arrow_forward_ios

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

Loading...