Barnett may foil Witkoff’s bid to build supertall at Park Lane Hotel site

Extell chief talks to 30 CPS board about possible purchase

TRD New York /
Apr.April 07, 2015 10:12 AM

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.

Witkoff and Macklowe bought the Park Lane Hotel for $660 million in 2013, and also own 21 West 58th Street, which is located right behind 30 Central Park South, the New York Times reported.

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


Related Articles

arrow_forward_ios
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 taps outsider as CEO of Extell

Gary Barnett taps outsider as CEO of Extell

Gary Barnett taps outsider as CEO of Extell
Gary Barnett and 149 East 124th Street (Credit: Google Maps)

Extell’s plan for East Harlem development site revealed

Extell’s plan for East Harlem development site revealed
Central Park Tower and Gary Barnett

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

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

Watch major NYC developers tonight on TRD TALKS LIVE

Watch major NYC developers tonight on TRD TALKS LIVE
Gary Barnett and an aerial view of 2551 Broadway (Credit: Google Maps)

Extell proposes UWS mixed-use tower after completing assemblage

Extell proposes UWS mixed-use tower after completing assemblage
Gary Barnett

Quantifying the rise and fall of NYC’s condo market

Quantifying the rise and fall of NYC’s condo market
arrow_forward_ios

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

Loading...