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 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.
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$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...
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...
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...
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’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...