Extell Development

Extell Development

About: Extell Development is a New York City-based real estate development company.

Headquartered in: New York, NY

Founded in: 1989

Founded by: Gary Barnett

Extell Development Q&A

What does Extell Development do?
Extell develops real estate. Its projects have included the 1,000-foot One57; the W Hotel in Times Square, which opened in 2002; 45 Walker Street, an office-to-loft-condominium conversion in Tribeca; and the International Gem Tower in the Diamond District. It is developing a supertall mixed-use condominium along Billionaires' Row at 217 West 57th Street in Midtown called Central Park Tower. The first few floors of the tower will house Nordstrom, an upscale department store.
Want to know more about Extell?
Check out our Top Stories below for The Real Deal's most up-to-date coverage of Extell.

Extell Development Top Stories

August 29, 2019Extell Development has refinanced the 815-unit condo project at One Manhattan Square with a $560 million senior inventory loan and $140 million in mezzanine debt.

The Latest

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

New York’s life-sciences sector got a major boost last month. A roughly 418,000-square-foot building from NYC Health + Hospitals in Manhattan’s Alexandria Center for Life Science was the largest project filed in January —...

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 Development is making headway with One Manhattan Square’s 45,000-square-foot “urban oasis” outdoor amenity pedestal, including what it calls...

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

UPDATED, Feb. 7, 2020, 4:15 p.m.: Gary Barnett refinanced his big Diamond District assemblage with more than $300 million...

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

Gary Barnett’s Extell Development has filed plans to build a 22-story mixed-use tower on the Upper West Side. The...

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%

Extell Development is bringing a sky-high private club to what’s slated to be the world’s tallest residential tower. The...

Inside Extell’s private club for the 0.1%
Gary Barnett

Quantifying the rise and fall of NYC’s condo market

The last decade saw the development of ultra-luxury condos that altered New York City’s skyline — and the rise...

Quantifying the rise and fall of NYC’s condo market
50 West 66th Street and Extell Development CEO Gary Barnett (Credit: Binyan Studios via Curbed NY)

Extell accuses City Club of reneging on settlement over UWS tower

The City Club of New York is continuing its battle against Extell Development’s latest tower, despite a settlement, the...

Extell accuses City Club of reneging on settlement over UWS tower
Extell Development chairman Gary Barnett with 555 Tenth Avenue and 524 East 14th Street (Credit: Barnett by Anuja Shakya, 555ten and StreetEasy)

Extell scores $700M refi for three Manhattan buildings

Gary Barnett’s Extell Development scored a $700 million refi from Citigroup and Rexmark for its luxe rentals at Hudson...

Extell scores $700M refi for three Manhattan buildings
Brooklyn Point at 138 Willoughby Street and Extell Development’s Gary Barnett (Credit: Alistair Gardiner for The Real Deal)

And you get an incentive! Extell offers to pay carrying costs at Brooklyn’s tallest tower

Extell Development is offering yet another incentive for buyers — this time, in Brooklyn. The developer will pay carrying costs for those who buy...

And you get an incentive! Extell offers to pay carrying costs at Brooklyn’s tallest tower
Raizy Haas and Gary Barnett (Credit: Getty Images, iStock)

One of Gary Barnett’s longtime deputies is leaving Extell

One of Gary Barnett’s longtime deputies is leaving Extell Development after more than two decades at the prolific builder....

One of Gary Barnett’s longtime deputies is leaving Extell
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