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

North Dakota businessman scoops up 2nd unit in Extell’s One57

North Dakota businessman scoops up 2nd unit in Extell’s One57

Leland Swanson, former president of Swanson Health Products, seems to have outgrown his first Billionaire’s Row apartment. The North...

North Dakota businessman scoops up 2nd unit in Extell’s One57
Extell to build UES building around 2 occupant holdouts

Extell to build UES building around 2 occupant holdouts

Gary Barnett’s Extell Development has found a solution to its tenant holdout problem: build around them. Extell last week...

Extell to build UES building around 2 occupant holdouts
From left: Robert Mercer with 48-05 Metropolitan Avenue and Gary Barnett with 17 West 60th Street (Getty, Google Maps, Bulado General Contractors Corp)

$730M loan bundle funds slew of NYC projects

A Ladder Capital subsidiary will oversee the sale of $730 million in collateralized loan obligations, some of which will...

$730M loan bundle funds slew of NYC projects
Gary Barnett and Central Park Tower at 217 West 57th Street

Why Gary Barnett is selling Central Park Tower at 25% off

New York City’s priciest condominium project is proving to be a lot less expensive than advertised. Since closings began...

Why Gary Barnett is selling Central Park Tower at 25% off
Extell Development chairman Gary Barnett and the empty lot between 79th and 80th on First Avenue (Google Maps)

Extell building 30-story medical tower on UES

Gary Barnett’s Extell Development is ushering in a new project on the Upper East Side. Extell is developing a...

Extell building 30-story medical tower on UES
Extell's Gary Barnett and Central Park Tower

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...

Central Park Tower condo sells for half its asking price
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

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