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

Gary Barnett with an aerial of 738 and 740 Eighth Avenue (Google Maps)

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 Times Square megaproject advances with $82M deal
Extell’s Columbus Circle dev site dream is shrinking

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...

Extell’s Columbus Circle development dream is shrinking
Robert Herjavec and One57 (Getty, Beyond My Ken/Wikimedia)

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...

Robert Herjavec buys One57 condo at $13M discount
Extell's Gary Barnett and One57 (Getty)

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...

One57 is 90% sold: Extell announces Q1 sales
Extell sells One57 sponsor unit for $17M

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...

Extell sells One57 sponsor unit for $17M
The soft market for luxury units has some developers hard up. (Getty)

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...

Buyers taking advantage of New York City’s condo glut

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...