Central Park Tower condo sells for half its asking price
A price chop this big might cast some doubts on the world’s tallest residential tower. Gary Barnett’s 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.
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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
Extell’s Times Square megaproject advances with $82M deal
The show must go on for Gary Barnett’s $186 million assemblage in the Theatre District. The developer recently dropped...
Extell’s Columbus Circle development dream is shrinking
Gary Barnett’s plans for an Upper West Side development site just north of Columbus Circle have been whittled down...
Robert Herjavec buys One57 condo at $13M discount
One57 was once the crown jewel of Billionaires’ Row. Gary Barnett’s megatower commanded record sums after its launch in...
CEO of modular homebuilder buys condo on Billionaires’ Row
The CEO of modular homebuilding giant Clayton Homes has gone upscale. Kevin Clayton — also son of the co-founder...
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...
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...