Extell planning new 29-story Midtown resi building

54-unit development will include 38K sf of retail on first six floors

New York /
Nov.November 30, 2015 04:25 PM

Gary Barnett’s Extell Development filed plans for its latest Midtown residential project last week – a 29-story, 112,300-square-foot mixed-used property at Seventh Avenue and West 54th Street.

The plans, filed with the city’s Department of Buildings on Friday, call for a 338-foot-tall residential tower at 842-846 Seventh Avenue holding 54 apartments across more than 74,000 square feet of living space. More than 38,000 square feet of retail space is slated to occupy the building’s first six floors, according to New York YIMBY, with the seventh floor devoted to recreational space and the eight through 19th floors holding three units each.

The 20th through 29th floors will have only two units apiece, while a roof deck will top the tower. Issac & Stern is serving as the architect.

Extell acquired 842 Seventh Avenue, which currently houses a six-story residential building with ground-floor retail, from Midtown East-based Erevan Realty Corp. for $24.5 million in 2007.

A separate LLC, represented by the same lawyers as Extell, acquired a three-story commercial building next door, at 846 Seventh Avenue, from developer Hersel Torkian’s Torkian Group for $37.6 million in October 2014.

Extell’s lawyers, Midtown-based Blaivas & Associates, filed a zoning lot description last week accounting for both 842 and 846 Seventh Avenue. Combined, the two parcels hold 112,500 buildable square feet. [NY YIMBY]Rey Mashayekhi


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
Extell's Gary Barnett and One57 (Getty)
One57 is 90% sold: Extell announces Q1 sales
One57 is 90% sold: Extell announces Q1 sales
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
Extell sells One57 sponsor unit for $17M
The soft market for luxury units has some developers hard up. (Getty)
Buyers taking advantage of New York City’s condo glut
Buyers taking advantage of New York City’s condo glut
One57's unit 51B (left) and unit 32C with Extell’s Gary Barnett (One57 photos via StreetEasy)
One57 resident pays $5.2M to swap 2-bed for duplex
One57 resident pays $5.2M to swap 2-bed for duplex
Central Park Tower at 217 West 57th Street and Extell president Gary Barnett
Closings kick off at Central Park Tower
Closings kick off at Central Park Tower
arrow_forward_ios

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

Loading...