Extell sues Port Authority to gain insight into bidding process

Barnett-led firm claims agency may have "improperly revealed" plan to develop 431 W. 33rd Street

Jun.June 08, 2016 06:00 PM

Extell Development is suing the Port Authority of New York and New Jersey in order to get access to documents it requested last year through the board’s Freedom of Information Policy.

The documents relate to Extell’s bid to acquire and develop 431 West 33rd Street, a development site the agency bought in 2008. The agency initially brought Dermot Company on board to develop the site, but began seeking other contenders after Dermot backed out.

Extell said in a lawsuit filed Wednesday in New York State Supreme Court that it suspected impropriety in the bidding process.

“Extell has reason to believe that the bidding process was not conducted properly,” the developer said in court papers, adding that the agency “may have improperly revealed Extell’s innovative scheme to develop the property to other third-party bidders despite its obligation to maintain such property information as confidential.”

Extell added that despite making the “highest valued bid for the lease,” the Port Authority chose to lease the site to another entity.

According to the suit, the Port Authority never responded to Extell’s request or delivered any of the requested material.

Related Articles

One Manhattan Square Extell Development CEO Gary Barnett (Credit: Curbed NY)

Extell lands $690M refinancing package for One Manhattan Square

Clockwise from the top: 500 East 30th Street, 1 Ellis Street and 2555 Broadway (Credit: Google Maps)

NYC’s 10 biggest new real estate projects

One Manhattan Square’s adult treehouse (Credit: Extell)

Check out Gary Barnett’s “Adult treehouse” at One Manhattan Square

Extell CEO Gary Barnett and JPMorgan’s Jamie Dimon (Credit: Getty Images)

Barnett refis Diamond District assemblage with $340M loan

Gary Barnett and an aerial view of 2551 Broadway (Credit: Google Maps)

Extell proposes UWS mixed-use tower after completing assemblage

Renderings of Central Park Tower (Credit: Extell)

Inside Extell’s private club for the 0.1%

Rep. Alexandria Ocasio-Cortez, Governor Andrew Cuomo (inset) and a rendering of LaGuardia's AirTrain (Credit: Getty Images, ANewLGA)

AOC joins in fight against Cuomo’s $2B LaGuardia AirTrain project

Gary Barnett

Quantifying the rise and fall of NYC’s condo market