Extell

condos, Midtown, New Developments

Central Park Tower renderings (Extell / AS+GG)

We expected that Central Park Tower, the city’s tallest-tower-to-be swiftly rising at 225 West 57th Street, would be giving Midtown record-smashers like 432 Park Avenue a run for their trophy-tower money. And now newly-revealed details uncovered from the building’s EB-5 brochure offer a first glimpse of what the upcoming supertall’s rivals could be up against. The preliminary overseas marketing images spotted by CityRealty show off the 1,550-foot-tall building’s apartment layouts and the ultra-luxe amenity spaces that will sit high above the hotel and Nordstrom, the building’s flagship retail tenant. Developer Gary Barnett’s new condo development is the most expensive ever attempted in the city and is projecting a $4 billion sellout including retail and hotel tenants.

Sky palaces and amazing amenities this way

condos, Midtown, New Developments

Central Park Tower, Extell Developments, Midtown

With massive condominiums, private elevators and a 100th-floor ballroom that overlooks Central Park, Gary Barnett and Extell Development won’t have much trouble luring the world’s richest to their ambitious $4 billion Central Park Tower. Although the building at 217 West 57th Street, slated to be the tallest residential tower on Earth and most expensive in NYC, won’t be completed until 2019, the Real Deal discovered the building’s floorplans and the price breakdown for each unit. According to filed documents, 20 of the 179 condominiums in the building have a price tag of $60 million and above. The most expensive unit listed? A $95 million penthouse that contains four bedrooms, a 2,000-square-foot terrace and an outdoor pool.

See the floorplans

condos, Green Design, Landscape Architecture, Lower East Side, New Developments, Video

Adding to its unique character, Extell’s One Manhattan Square will soon be home to NYC’s largest outdoor private garden, detailed in a new video released today by the developer. The proposal, designed by urban planning and landscape architecture firm West 8, includes more than an acre of garden space for residents to both work and socialize, boasting indoor and outdoor grilling spaces, ping-pong tables, a putting green, children’s playground, adult tree house, tea pavilion, and an observatory made for stargazing.

Watch the video here

Architecture, condos, New Developments, Upper West Side 

Rendering of 36 West 66th Street via Extell (L); Approved zoning diagram via NYC DOB (R)

Though Extell is best known for sky-high mega-developments like One57, the Central Park Tower, and One Manhattan Square, they’ve also been taking on some slightly smaller residential projects, gobbling up swaths of real estate in the upper Midtown area. Their latest venture is a partnership with Megalith Capital Management to build a new condo tower near Central Park West. Located at 36 West 66th Street, the 292-foot, mid-block building will replace three small office buildings and the synagogue of Congregation Habonim. The latter will be incorporated into the new design, for which CityRealty has uncovered the first rendering and updated details.

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Midtown, Recent Sales

Extell buying former Carnegie Deli site

By Dana Schulz, Tue, January 31, 2017

Yesterday, workers removed the iconic neon sign outside Carnegie Deli, but the final nail in the coffin comes from the news that mega-developer Extell is buying the pastrami mecca’s former home on a block where they already own two other sites. The Post got word that Gary Barnett’s firm will close on a deal as soon as today for the six-story building at 854 Seventh Avenue. The 79-year-old deli closed on December 31st, but in 2015, Extell paid $9.1 million to owner Marian Harper Levine for their air rights.

Find out more

Chinatown, condos, Construction Update, Lower East Side, New Developments

Despite the rapid influx of new development that’s popping up in the controversial Two Bridges area, the Chinatown-meets-Lower East Side neighborhood’s first project, One Manhattan Square, still reigns as the tallest. In fact, when it reaches its full 823-foot height, Extell’s 80-story condo at 252 South Street will have the highest rooftop between downtown and Midtown Manhattan. Now that sales have commencedCityRealty paid the construction site a visit, noticing that the double-slab tower is already more than 30 stories tall and has begun to receive its reflective glass skin.

More views ahead

Featured Story

Features, Lower East Side, real estate trends

Images via Extell and Google Maps

The construction of Extell’s high-rise condo development at the foot of the Manhattan Bridge is now well underway. When complete, 250 South Street (formerly 227 Cherry Street) will rise more than 80 stories above the East River and be home to just under 800 units, but that’s not all. As the Extell building goes up, the surrounding area is also attracting growing attention from other developers. In July, JDS Development announced plans for a rental development just next door at 247 South Street. Given the scope of the Extell development and its neighboring rental development on South Street, thousands of new residents are expected to arrive in the Cherry Street neighborhood between now and 2020. Of course, there are many neighbors who arrived first.

READ MORE AT CITYREALTY…

affordable housing, Policy

555Ten, an Extell building that would be affected by the 421-a changes

As 6sqft reported last week, Governor Cuomo, developers, and unions have been engaging in closed-door talks to bring forth his revision of the city’s 421-a program that includes wage subsidies and an extension of the previous 25-year tax break up to 45 years. Glaringly (but not surprisingly) absent from the negotiations is Mayor de Blasio, but he’s now taking matters into his own hands, at least when it comes to those under-construction buildings that got in to the program before it expired in January. According to the Times, the de Blasio administration introduced a new policy that says these projects must include housing for some of the 60,000 New Yorkers currently living in homeless shelters, but developers, particularly Extell’s Gary Barnett, are not happy about the changes.

Find out more

Chinatown, condos, Cool Listings, Lower East Side, New Developments

Despite community opposition against the surge of new development in the Two Bridges neighborhood, things are moving full steam ahead in the Chinatown-meets-Lower East Side area. Curbed reports that the project that started it all, One Manhattan Square, has officially launched sales for the first batch of its 815 condos, and they range from a $1.18 million one-bedroom to a $4.4 million three-bedroom. It’s prices like these, as well as the 823-foot height, that have angered residents of the mostly low-rise and low-income neighborhood, but nevertheless, the huge luxury building at with an insane amenity package is well on its way to opening its doors.

Find out more this way

Cool Listings, hudson yards, Midtown West, New Developments, Rentals

Model unit designed by Lillian August

After launching its affordable housing lottery for 120 below-market rate units back in May, 555Ten has revealed pricing for its 478 market-rate rentals, ranging from $3,150/month studios to $6,250/month two-bedrooms. Designed by SLCE Architects and developed by Extell, the 610-foot, 53-story glassy skyscraper will offer an over-the-top amenity package (including a dog run, two salt water pools, and a bowling alley) and custom-designed interiors from McGinley Design. The model units are open for business, and we’re told that the amenity spaces will start to reveal themselves later this week in anticipation of November occupancies.

Find out more here and get a first look at the model units

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