Extell Development’s Gary Barnett has approached the co-op board of 30 Central Park South — a former hotel that now primarily houses dentists’ offices — about a possible purchase. The move could make it challenging for Steve Witkoff and Harry Macklowe, who own the nearby Park Lane Hotel as well as an adjacent rental building, to build a supertall structure at The Park Lane site.
If Both The Park Lane Hotel and 21 West 58th are demolished, the partners could build an 80-story skyscraper at their site. And if 30 Central Park South were incorporated, it could be even taller. But if Barnett takes control of 30 CPS, he could hold up the Witkoff-Macklowe project or build his own project there. He held up a similar project by Vornado Realty Trust at nearby 220 Central Park South, . [NYT] – Claire Moses