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Gary Barnett

Founder and President
Extell Development
805 Third Avenue
New York, NY 10022
(212) 712-6000
Website

Gary Barnett is the founder and president of Extell Development, one of the most active development companies in New York City.

Barnett made his fortune in the diamond trade. He became active through Extell in the 1990s, ramping up his number of projects, both residential and commercial, significantly during the pre-recession boom. On the residential side, Barnett's projects have included the 1,000-foot One57; the 37-story Ariel East and 31-story Ariel West condos at 100th Street and Broadway; the Lucida rentals and condos (more than 170 apartments in all, some as big as five bedrooms) at 151 East 85th Street; the 26-unit 995 Fifth Avenue, where some of the condos occupy an entire floor; the 271-unit Rushmore at 80 Riverside Boulevard; the 150-unit Aldyn nearby at 60 Riverside Boulevard and most recently, the $2.98 billion, 1,550 feet tall Central Park Tower at 217 West 57th Street, which is in development.

On the commercial side, Barnett's projects include the 750,000-square-foot, 34-story International Gem Tower, which topped out in March 2012, and the 1.5 million-square-foot World Product Centre at 555 West 33rd Street, the site of the old Copacabana.

Born Gershon Swiatycki, Barnett grew up on Manhattan's Lower East Side and earned a math degree from Queens College and a master's in economics from Hunter College.

Extell Development, Manager
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Wendy Alper is a manager at Extell Development, a New York City-based developer....
Extell Development, Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Tamar Rothenberg is a vice president in charge marketing at Extell Development, a...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Carol Richardson is an executive vice president in charge leasing at Extell Development,...
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Keith Goich is a senior vice president in charge of architecture and design at...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Marc Kwestel is an executive vice president in charge of finance at Extell...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
David Rothstein is an executive vice president in charge of construction at Extell...
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
Raizy Haas is senior vice president in charge of development at Extell Development....
Extell Development, Senior Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Donna Gargano is a senior vice president in charge of development at Extell...
Extell Development, Executive Vice President
805 Third Avenue, 7th Floor, New York, NY, 212-712-6000
Anthony Mannarino is an executive vice president in charge of development at Extell...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Associate Broker
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Associate Broker
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Associate Broker
805 Third Avenue, 7th Floor, New York, NY, (212) 712-6000
...
Extell Development, Real Estate Salesperson
660 Madison Avenue, 15th Floor, New York, NY, (212) 712-6000
...
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  • Event Sales
  • Address 332 West 44th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 44,564
  • Price $ 29,000,000
  • Price per foot $ 650.75
  • Publication Date 03/01/2012
  • Event Date 01/21/2012
  • Party 1 Central Parking System
  • Party 2 Extell Development
notes
The garage sold for $29 million. The site is just two blocks away from Extell Development's 50-story hotel project at 131-139 West 45th Street, which Gary Barnett, the company's president, said last year would go ahead despite the company having sold off 11 adjacent commercial property lots in Midtown for approximately $125.16 million, including the hotel site, in July. He told The Real Deal the transaction was primarily a strategy to get an equity partner involved with the hotel project.
  • Event Sales
  • Address 25 West 20th Street
  • Neighborhood Flatiron
  • Borough Manhattan
  • Price $ 28,000,000
notes
The parking lot and adjacent garage with 92,000 square feet of development rights sold for $28 million.
  • Event Sales
  • Address 72-76 Greene Street
  • Neighborhood SoHo
  • Borough Manhattan
  • Price $ 23,000,000
  • Event Sales
  • Building Name 72-76 Greene Street
  • Address 76 Greene Street
  • Neighborhood Soho
  • Borough Manhattan
  • Square feet 45,000
  • Price $ 23,000,000
  • Price per foot $ 511.11
notes
Soho landmark with a cast-iron facade, built in 1872 by architect J.F. Duckworth, sold for more than $23 million. A condo conversion is planned.
  • Event Sales
  • Building Name former Hard Rock Cafe building
  • Address 220 West 58th Street
  • Neighborhood Midtown West
  • Borough Manhattan
  • Square feet 160,000
  • Price $ 67,500,000
  • Price per foot $ 421.88
  • Publication Date 10/01/2005
  • Event Date 08/22/2005
  • Party 1 Brokerage Grubb & Ellis
  • Party 1 Broker Vincent Carrega, Stuart Penan
  • Party 2 Gary Barnett-led group
notes
Sold for $67.5 million; Site can be build to 300,000 sf. Includes 221 West 57th Street.

06/01/2018
Nonetheless, Extell’s Gary Barnett is banking on the fact that there’s one more round of luxury sales to capture with his 179-unit Central Park Tower at 217 West 57th Street...

05/01/2018
Roughly a decade ago, Extell Development tapped the Australian construction company to build the Orion, a 551-unit condominium building. That gig led to additional jobs for Gary Barnett as he grew his luxury empire...

02/19/2018
Clockwise from left: 30 Hudson Yards, Central Park Tower, Gary Barnett, Ric Clark, Stephen Ross and One Manhattan West One look at the Far West Clockwise from left: 30 Hudson Yards, Central Park Tower, Gary Barnett, Ric Clark, Stephen Ross and One Manhattan West One look at the Far West...

02/01/2018
“Every deal’s been a big battle,” said Eastern Consolidated’s Brian Ezratty, who brokered two Manhattan land deals involving Gary Barnett’s Extell Development for $80 million and $63.5 million...

12/28/2017
In one important way, condominiums had a banner year in 2017. Though closings were about par for the course and contract volume was nothing to write home about, a single Manhattan building finally crossed the $4 billion threshold. Thanks to a familiar face, 2017 gave us the most expensive condo building in Manhattan history, when Gary Barnett's Central Park Tower was approved to hit the market at $4 billion...

10/01/2017
The firm represented SMI USA, the U.S. subsidiary of Shanghai Municipal Investment, in its equity investment in Gary Barnett’s Central Park Tower condo project last year...

08/01/2017
From top (left): Richard Fields, Leslie Alexander, Woody Johnson, William Lie Zeckendorf and Sandy Weill; from top (right): Wilbur Ross, Guy Wildenstein, Mike Myers From top (left): Richard Fields, Leslie Alexander, Woody Johnson, William Lie Zeckendorf and Sandy Weill; from top (right): Wilbur Ross, Guy Wildenstein, Mike Myers...

04/01/2017
East Harlem wears its heritage on its façades. In the heart of El Barrio, a James De La Vega painting at 104th Street and Third East Harlem wears its heritage on its façades. In the heart of El Barrio, a James De La Vega painting at 104th Street and Third...

12/30/2016
 Gary Barnett began assembling the land for the site in 2004, when he bought a pair of walk-up Building On East 94th And 95th Street...

12/27/2016
But all the big-ticket office building loans can’t mask the near-absence of condo construction financing. Banks retreated from ground-up residential lending in 2016 amid fears of oversupply in the high-end condo market. Extell Development’s Central Park Tower, for example, could have conceivably made this ranking, but Gary Barnett hasn't been able to land the $900 million construction loan he desires to build the 88-story tower at 217 West 57th Street...

12/15/2016
From left: 53 West 71st Street, 147 Waverly Place, 150 Central Park South, and 157 West 57th Street The price cuts at Extell’s One57 just From left: 53 West 71st Street, 147 Waverly Place, 150 Central Park South, and 157 West 57th Street The price cuts at Extell’s One57 just...

09/01/2016
Overall, we found that with the exception of the Zeckendorf family, Extell’s Gary Barnett and Related, most of today’s developers (even the high-profile ones) have built far fewer condos than their counterparts of yesteryear...

07/01/2016
But rest assured that whatever Extell’s chief Gary Barnett has up his sleeve, it’s sure to catch people’s attention...

12/31/2015
Top from left: Robert A.M. Stern, 11 Madison Avenue, Brian Chesky, One57 and Rubin Schron. Middle from left: A map of Airbnb listings, Jonathan Top from left: Robert A.M. Stern, 11 Madison Avenue, Brian Chesky, One57 and Rubin Schron. Middle from left: A map of Airbnb listings, Jonathan...

12/30/2015
While Gary Barnett's Extell Development â€' which is known for this sort of thing â€' appears on the list as both a buyer and a seller, the crop of developers overall is best characterized by its diversity...

10/22/2015
Gary Barnett's Extell Development filed a whopping 18 demolition permits between Jan...

09/01/2015
Gary Barnett’s prolific Extell Development snagged the No...

09/01/2015
Gary Barnett’s Extell Development also jumped into the mix this spring when it bought the last development site at City Point, the 1.8 million-square-foot, $1 billion project in Downtown Brooklyn...

07/21/2015
From left: Renderings of 111 Murray Street (credit: KPF), 53 West 53rd Street (credit: Hayes Davidson) And 250 South Street (credit: CityRealty) (inset: Gary From left: Renderings of 111 Murray Street (credit: KPF), 53 West 53rd Street (credit: Hayes Davidson) And 250 South Street (credit: CityRealty) (inset: Gary...

06/01/2015
From left: Michael Shvo and Stephen Roth When Gary Barnett’s Extell Development began building One57 in 2011, he secured a $700 million construction loan from From left: Michael Shvo and Stephen Roth When Gary Barnett’s Extell Development began building One57 in 2011, he secured a $700 million construction loan from...

04/01/2015
Last year alone he was the sole broker when Madison International Realty paid $68 million for a 49.5-percent interest in Ark Partners’ corner property at 14th Street and Sixth Avenue. He also put together a $200 million deal for his former employers at Kaufman to lease four buildings in the Ring brothers’ portfolio. Ash swooped in while Gary Barnett’s Extell Development was in contract for the larger Ring portfolio, beginning negotiations with Barnett before Extell even closed on its transaction...

07/01/2014
The aggressive price it paid for the 58th Street site was driven by comps from two of the highest priced new condo projects in the city: 432 Park, which is being developed jointly by CIM Group and Macklowe Properties; and One57, which being built by Gary Barnett’s Extell Development...

01/31/2011
The healthy appetite from large tenants for big blocks of space seen in 2010 continued last month, with Hong Kong-based apparel company Li & Fung The healthy appetite from large tenants for big blocks of space seen in 2010 continued last month, with Hong Kong-based apparel company Li & Fung...