Rendering via Curtis + Ginsberg
At the corner of Second Avenue and 92nd Street, just a few short blocks from the Second Avenue Subway, Extell Development has completed their first all-affordable housing project. Located at 1768 Second Avenue and designed by Curtis + Ginsberg, the development is comprised of two separate buildings, one 11 stories and the other six stories, for a combined 28 units of below-market-rate housing. These units are reserved for households earning 70 or 80 percent of the area median income, ranging from $1,018/month studios to $1,740/month three-bedrooms.
Find out if you qualify
Rendering courtesy of Wordsearch
“Some people wonder if Mr. Barnett will become a victim of the condo explosion he helped create,” wrote the Wall Street Journal today in a rare expose of Extell’s Gary Barnett, referring to the success he had with One57, considered the catalyst for the supertall, ultra-luxury condo boom, and the more challenging climate he’s facing with the Central Park Tower. The latter, which will be the world’s tallest residential building at 1,550 feet, launched sales in October, but in a soft luxury market, it’s not a sure bet that the mega-developer will be able to achieve his projected $4 billion sellout and the title of the nation’s most expensive condominium ever. In a likely noncoincidental move timed with the Journal story, Extell today launched the tower’s new website (h/t Curbed), and it gives us mere mortals some of the first views inside the billionaire bunker.
See inside and hear from Barnett himself
Rendering courtesy of Binyan Studios/Snøhetta
Less than two months after rejecting a challenge against the tallest tower planned for the Upper West Side, the Department of Buildings has decided to pull permits for Extell Development’s 775-foot tower at 50 West 66th Street, as NY1 first reported. In December, opponents argued that the Snøhetta-designed structure was misusing structural voids—where a building’s mechanical equipment is stored—to add height without increasing square footage. They said the 160-foot mechanical spaces were designed not out of necessity, but presumably to boost the overall height of the apartments—and their price tags. Now, the DOB has made a surprise reversal, ruling that these spaces do not meet the current standards of the New York City Zoning Resolution.
The highest apartment ever built in Brooklyn just hit the market for $3.9 million. The penthouse sits on the 68th floor of Extell Development’s tower, Brooklyn Point, which at 720 feet remains the tallest building in the borough. The corner residence contains three bedrooms, three baths, and will boast incredible views of Manhattan via windows with North and East exposure. Brooklyn Point, at 138 Willoughby Street in Downtown Brooklyn, is still under construction, but officially launched sales in March, with condos starting at $837,000.
See the penthouse
Sales have launched for Central Park Tower, the tallest residential tower in the world, Extell Development announced Monday. Located at 225 West 57th Street, the 1,550-foot tower is rising on Billionaires’ Row, a strip of ultra-luxury residences at the southern end of Central Park in Midtown. While Extell hasn’t officially released pricing for its 179 condos, the Real Deal reported last year that 20 of the units have a price tag of $60 million and higher, with a $95 million penthouse being the most expensive. If the building achieves its projected $4 billion sellout, the tower would become the most expensive condo project in New York City.
Photo by Tia Richards for 6sqft
Target officially opened its first store in the East Village on Saturday, to mixed reviews from locals. During its grand opening, the chain recreated the storefront of CBGB, a famous punk rock club where the Ramones, Patti Smith and Blondie played, with a red-and-white awning that reads “TRGT.” Located on 14th Street and Avenue A, the design included red newspaper boxes similar to old ones of the Village Voice paper, fake fire-hydrants and a temporary facade made to look like the housing tenements of the Village in the 1970s and 1980s. Jeremiah Moss, the author behind the Vanishing New York blog, called the new store “the most deplorable commodification of local neighborhood culture I’ve ever witnessed.” As of Monday, the CBGB-themed storefront is no longer up.
Rendering via B.ARCHs
A rendering has been released for a 32-story mixed-use building in the Hudson Yards area, between 36th and 37th Streets. The owner of the three lots spanning those blocks? Gary Barnett’s Extell Development, the same group behind the neighborhood’s 610-foot tall 555Ten. CityRealty uncovered the image from BARCHs, a New York-based architecture firm which describes the possible project as providing “residential, retail and parking uses to this rapidly developing neighborhood.”
Rendering via Snohetta / Binyan Studios; construction photo via CityRealty
With the neighboring Jewish Guild for the Blind officially demolished, construction has now begun on Extell Development’s skyscraper at 50 West 66th Street. Designed by Snøhetta, the mixed-use skyscraper is set to rise 775 feet, making it the tallest building on the Upper West Side. The 69-story tower will feature a facade of excavations, that are meant to evoke the “chiseled stone of Manhattan’s geologic legacy,” according to the architects. As CityRealty reported, the new tower will sit next to some of the borough’s most illustrious buildings, including 15 Central Park West and The Century.
Find out more
6sqft’s series “My sqft” checks out the homes of New Yorkers across all the boroughs. Our latest interior adventure brings us to retiree Andrew Ackerman’s new studio in Extell’s 555Ten. Want to see your home featured here? Get in touch!
A year ago, retired lawyer Andrew Ackerman gave up his long-time home, a 1,300-square-foot duplex in a Philadelphia brownstone, to move to NYC. Wanting to be near his friends, the theater district and art museums, and transportation options, he settled on Hell’s Kitchen, and ultimately found the perfect high-rise apartment in Extell Development’s luxury rental building, 555TEN.
Getting used to the hustle and bustle of the city was easy for Andrew, but downsizing to a 500-square-foot alcove studio was a bit more challenging, especially considering he’s been an avid art collector since childhood. 6sqft recently visited Andrew at 555Ten to see how he made the adjustment, which art pieces made the cut, and why the jump was all worth it.
Take a tour of Andrew’s place
For many New Yorkers, the Lower East Side is one neighborhood that still has a lot of authenticity and good ‘ole New York grit left. It has been described as Manhattan’s “last frontier of cool. The promise land of old as well as new… Where the Godfather lives side by side with a hipster movie.” Put more tangibly by Benjamin Baccash of Taconic Investment Partners, the developer of LES’s Essex Crossing, “The Lower East Side has wonderful restaurants, art galleries, and a great street life. It’s a real neighborhood and that’s what a lot of people are looking for.”
In addition to great diversity, personality, and transportation, the city is undertaking huge improvements on the east river waterfront, and developers are erecting new developments at all corners of the ‘hood. Ahead, 6sqft takes a look at everything that’s keeping the Lower East Side a vestige of old New York during its contemporary resurgence, from massive projects like Essex Crossing to a booming art gallery scene.
As Irving Berlin once said, “Everybody ought to have a Lower East Side in their life.”