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

Outfoxed a decade ago by Gary Barnett, Marty Burger pays $10M for Carlton House pad

Outfoxed a decade ago by Gary Barnett, Marty Burger pays $10M for Carlton House pad

Looks like Marty Burger will get a chunk of Helmsley Carlton House after all. The Silverstein Properties CEO and...

Outfoxed a decade ago by Gary Barnett, Marty Burger pays $10M for Carlton House pad
Gary Barnett’s Extell gets $268M to refinance two dev sites

Gary Barnett’s Extell gets $268M to refinance two dev sites

Extell Development has landed more than $267.6 million to refinance two of its Manhattan development sites. Lender JVP Management...

Gary Barnett’s Extell gets $268M to refinance two dev sites
Landsea plans 12-story luxury building in Flatiron District

Landsea plans 12-story luxury building in Flatiron District

Landsea Homes is furthering its residential play in the city, this time with a 12-story mixed-use project in the...

Landsea plans 12-story luxury building in Flatiron District
These are the most notable NYC resi sales of last week

These are the most notable NYC resi sales of last week

In New York City’s residential real estate world last week, brokers began to grapple with how Amazon’s reversal to...

These are the most notable NYC resi sales of last week
One Manhattan Square, 70 Vestry and 30 Hudson Yards

NYC saw 42M sf of new development last year

Developers in New York opened 42 million square feet of new construction buildings last year. This marked a 36 percent increase compared to 2017, according to PincusCo. The developers Related Companies, Matrix Development Group...

NYC saw 42M sf of new development last year
A sponsor unit at Extell’s One57 just sold at a 24% discount

A sponsor unit at Extell’s One57 just sold at a 24% discount

Discounts continue to dominate the ultra-luxury condo market. A sponsor unit at Extell Development’s One57 tower sold for $22...

A sponsor unit at Extell’s One57 just sold at a 24% discount
Marijuana exec scores Extell’s Carlton House townhouse for big discount

Marijuana exec scores Extell’s Carlton House townhouse for big discount

A marijuana investor just snagged the townhouse at Extell Development’s Carlton House for less than half its original asking...

Marijuana exec scores Extell’s Carlton House townhouse for big discount
Here’s what the $10M-$20M NYC investment sales market looked like last week

Here’s what the $10M-$20M NYC investment sales market looked like last week

Manhattan trades comprised recent mid-market New York City investment sales, according to filings recorded last week with New York...

Here’s what the $10M-$20M NYC investment sales market looked like last week
City to revoke permits for Extell’s Kazakh-backed tower at 50 West 66th Street

City to revoke permits for Extell’s Kazakh-backed tower at 50 West 66th Street

The city’s Department of Buildings plans to strip Extell Development of permits to build a 775-foot skyscraper at 50...

City to revoke permits for Extell’s Kazakh-backed tower at 50 West 66th Street
Meet the new CEO of Extell Development

Meet the new CEO of Extell Development

Gary Barnett’s Extell Development has brought on a new CEO at a time when its inventory’s fate is at the mercy of the market. On Monday, the prolific developer handed the keys to his...

Meet the new CEO of Extell Development
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