Gary Barnett has another problem at UES site: a stabilized tenant
Notorious landlords aren’t the only thing standing in the way of Gary Barnett’s vision for an Upper East Side...
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, 2019—Extell 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
Gary Barnett site has one problem: the Podolsky brothers
Gary Barnett is one deal away from a blank canvas. But it could be a tough one. The developer...
Gary Barnett throws $50K behind PAC supporting Kathryn Garcia
Gary Barnett is hedging his bets in the New York City mayoral race. In addition to dropping $250,000 on...
One57 is 90% sold: Extell announces Q1 sales
This may be the year Gary Barnett’s groundbreaking Billionaires’ Row tower finally sells out. There are just five unsold...
Extell sells One57 sponsor unit for $17M
UPDATED, April 15, 2021, 6:50 p.m.: Extell Development has sold a sponsor unit at One57 for $16.8 million. But the buyer’s identity is unclear. Records show that Colgate University professor Caroline Keating is the...
Buyers taking advantage of New York City’s condo glut
One of economists’ favorite expressions is Herbert Stein’s “if something cannot go on forever, it will stop.” Just ask...
Closings kick off at Central Park Tower
UPDATED, Feb. 25, 2021, 11: 25 a.m.: Move-in day is approaching for buyers at the world’s tallest residential tower. Gary Barnett’s Extell Development is commencing closings at Central Park Tower, the developer announced Thursday....
Issue
The Closing: Dov Hertz
Dov Hertz has left an indelible mark on New York’s skyline. Two marks, actually. Over the course of 14 years heading up acquisitions and assemblage for Extell Development, Hertz helped put together the sites...
Extell sells West 57th Street office to CBS
UPDATED, Feb. 17, 2021, 1:00 p.m.: Two mid-market deals were recorded last week for a total of nearly $57.7 million in transaction volume: one in Manhattan, and one in Brooklyn, both involving familiar players....
Barnett secures $380M mezz financing for Central Park Tower
Gary Barnett landed $380 million in bridge financing for his $4 billion Central Park Tower supertall condo tower. Barnett’s...