Extell

affordable housing, Policy

Thanks to a provision added to the newly extended and altered 421-a tax abatement passed last week, developers looking to segregate their wealthy tenants from their affordable rate renters will have to think again. According to The Post, Mayor de Blasio inserted a reform into the tax program plan that would ban the practice in which developers build a separate entrance for folks occupying the cheaper, below market-rate apartments in their buildings—better known as “poor doors.”

More on the move here

Architecture, Central Park South, condos, Midtown, New Developments, Polls

We knew the name Nordstrom Tower wasn’t going to stick; the unofficial moniker came only from the fact that the building will have a Nordstrom department store at its base. And just a week after news hit that the supertall from Extell will be the country’s highest by roof height, we’ve learned the official name: Central Park Tower. Some say it lacks creativity, while others appreciate the simplicity. Which side are you on?

Architecture, condos, Midtown, New Developments

nordstrom tower official rendering, 217 west 57th street

The Nordstrom Tower may not become the overall tallest building to ever rise NYC, besting One World Trade Center as previously reported and then rebuffed, but new filings unearthed by NY Yimby show that the supertall will still carry a very worthy, head-craning title. Documents show that the 95-story building will become not only the tallest building by roof height in NYC, but also in the country at 1,522.83 feet.

get the scoop here

Architecture, Downtown Brooklyn, New Developments, Rentals

City Point, Downtown Brooklyn development

Rendering of City Point with a previously envisioned 65-story tower

Extell, the development company best known for gobbling up billionaires’ row sites and building supertall towers like One57, is venturing into Brooklyn, a place they’ve long avoided. The New York Times reports that Extell has bought the last development site at City Point, a huge, mixed-use complex in Downtown Brooklyn that will include residential and retail space, and, of course, a massive food hall. Extell will pay $120 million for the city-owned property, on which they will likely build a 500-unit rental building.

What’s more noteworthy than Extell’s move into the borough, though, is the fact that the tower could reach 60 stories, according to Extell president Gary Barnett, which would make it the tallest building in Brooklyn.

Read more

Central Park South, Midtown West, Rentals

Fully-Furnished Rentals Launch at One57

By Dana Schulz, Fri, May 22, 2015

One57 rental, 157 West 57th Street, Extell Development

In the past when we’ve talked about the latest occupancies at billionaires’ row blockbuster One57 we were referring to the record-breaking $100 million condo sale (the most expensive in the city ever) or Bill Ackman’s $91.5 million flip attempt. But now those looking to get in on the city’s most expensive condo building can do so without dropping seven figures in one fell swoop.

Extell Development, after selling most of the condos at One57, has quietly listed 38 fully-furnished apartments for rent on the building’s seven lower residential floors. But don’t get too excited if you’re not in the billionaires’ club; asking prices range from $13,350/month for a one-bedroom unit to $50,366 for a three-bedroom.

More details ahead

condos, Midtown, New Developments

Image: the Nordstrom Tower penthouse

Extell has plenty to brag about, from claiming fame to the city’s top two most expensive sales to being credited with starting the whole superluxury supertall tower boom. But according to the Wall Street Journal, the development company’s head honcho and mastermind Gary Barnett is vying for another record, aiming to make his next skyscraping creation, the Nordstrom Tower, the most expensive building ever sold at $4.4 billion.

more details here

Midtown, New Developments, Starchitecture

nordstrom tower official rendering, 217 west 57th street

Image of Nordstrom Tower/217 West 57th Street, via YIMBY

Recent reports revealing a potential pinnacle bump for Extell’s supertall planned for 217 West 57th Street, followed by a statement by Extell’s Gary Barnett denying the new height report–which would have the tower outstreching One World Trade Center–have discussion once again focused on the world’s tallest residential tower-in-waiting.

Today NY Yimby reports that an official Extell rendering of the project confirms it will match earlier versions of the plans as well as previously-revealed in-house images.

Find out the latest on the tower’s height

Architecture, Midtown, New Developments

Nordstrom Tower

Rendering of the tower NY Yimby

Yesterday, new details on Extell’s Nordstrom Tower were leaked, stating that the tower’s height had been stretched 20 feet to trump the One World Trade Center. But it looks like the news was all fodder as Extell Development boss Gary Barnett has stepped out denying that his supertall slated for 217 West 57th Street will reach such heights. The NY Post spoke with Barnett late yesterday and the developer told the paper that the tower “will categorically not be taller than One World Trade Center.” Barnett clarified that the building will reach 1,775 feet (with its spire) as planned, which is just one foot shorter than the One World Trade Center.

More on what Barnett had to say

Midtown, New Developments, Starchitecture

217 w 57th nordstrom tower

Rendering of the tower at its new height by NY Yimby

One World Trade Center‘s claim to the title as the city’s tallest building could soon be nil. NY Yimby reports that the ultra-super-tall Nordstrom Tower at 217 West 57th Street has experienced a growth spurt that’s pushed its already jaw-dropping height from 1,775 to 1,795-feet. Though the addition of 20 feet seems insignificant for a skyscraper of such size, the consequences are not: The tower will now not only be the tallest building in the city (19 feet higher than 1 WTC) when completed, but also the tallest in the U.S. and the western hemisphere.

FInd out more here

Architecture, Midtown, New Developments

nyc skyline future 2018

The possible skyline in 2018, via CityRealty

In the past, it was street names like Park Avenue and Central Park West that signaled a building’s wealth and prestige, but these days it’s gotten confined to a much shorter thoroughfare, 57th Street. Appropriately dubbed Billionaires’ Row, the stretch has gotten much heat lately for its influx of supertall towers casting shadows on Central Park just to the north.

Three of the towers in this sky-high lineup belong to Extell Development: the under-construction Nordstrom Tower at 217 West 57th Street, which will be the tallest residential building in the world when completed; 111 West 57th Street; and everyone’s favorite One57. But now, as Crain’s reveals, Extell is looking to expand its 57th Street portfolio with the site of the current Calvary Baptist Church and the Salisbury Hotel at 123 West 57th Street, on the same block as 111 West 57th and One57. As the paper reports, the church “will soon decide whether it will sell its sanctuary and 197-room hotel” to the developer.

More on the possible project here

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