Extell

Construction Update: Extell’s Controversial 800-Foot Tower Ready to Rise at 250 South Street
July 10, 2015

Construction Update: Extell’s Controversial 800-Foot Tower Ready to Rise at 250 South Street

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After being slapped with a partial stop-work order about three weeks ago for causing a local street to sink, Extell's Lower East Side mega-development at 250 South Street appears to be back on track. A recent visit to the site shows that piles for the building are again being driven into the bedrock. However, it appears excavation will continue to be an arduous journey since most of the parcel sits on landfill and is only a few feet above street level. Since its reveal last year, the tower has been met with intense public outrage due to its unprecedented height for the mid-rise neighborhood. The building was first reported to be 68 stories, then 71 stories, then 56 stories, and now the latest filing with the Department of Buildings has a revised height pinned again at 68 stories, or 800 feet at its highest floor. To put that in perspective, the neighboring Manhattan Bridge is only 330 feet tall, and just 170 feet at its roadway—meaning the building will be nearly five times the height of the bridge's road deck.
FInd out more here
June 29, 2015

‘Poor Doors’ No Longer Allowed with New Rent-Regulation Bill

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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
June 24, 2015

POLL: How Do You Like the Nordstrom Tower’s New Name, Central Park Tower?

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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 […]

Extell’s Nordstrom Tower Will Be the Country’s Tallest by Roof Height
June 16, 2015

Extell’s Nordstrom Tower Will Be the Country’s Tallest by Roof Height

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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
Extell May Build Brooklyn’s Tallest Tower at City Point

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

June 3, 2015

Extell May Build Brooklyn’s Tallest Tower at City Point

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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
Fully-Furnished Rentals Launch at One57
May 22, 2015

Fully-Furnished Rentals Launch at One57

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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
Extell Shoots for a $4.4B Sellout with the Nordstrom Tower, the Most Expensive Ever

Image: the Nordstrom Tower penthouse

May 14, 2015

Extell Shoots for a $4.4B Sellout with the Nordstrom Tower, the Most Expensive Ever

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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
Official Rendering Revealed for Nordstrom Tower: No Surprises but Potential for More Height

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

May 14, 2015

Official Rendering Revealed for Nordstrom Tower: No Surprises but Potential for More Height

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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
The Nordstrom Tower Will Not Be Taller than 1 World Trade Center, Says Developer Gary Barnett

Rendering of the tower NY Yimby

May 12, 2015

The Nordstrom Tower Will Not Be Taller than 1 World Trade Center, Says Developer Gary Barnett

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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
Nordstrom Tower Adds 20 Feet to Become the Tallest Building in NYC and Western Hemisphere

Rendering of the tower at its new height by NY Yimby

May 11, 2015

Nordstrom Tower Adds 20 Feet to Become the Tallest Building in NYC and Western Hemisphere

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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
Extell Looks to Religion to Build Its Next 57th Street Supertall Tower

The possible skyline in 2018, via CityRealty

May 4, 2015

Extell Looks to Religion to Build Its Next 57th Street Supertall Tower

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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
Extell’s ‘Poor Door’ Building Receives a Staggering 88,000 Applicants
April 21, 2015

Extell’s ‘Poor Door’ Building Receives a Staggering 88,000 Applicants

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Poor doors be damned. It looks like the anger and public outcry swirling around Extell's new 50 Riverside Boulevard condo didn't do much to deter New Yorkers from vying for a low-income unit at the building. The Times reports that the development company received a whopping 88,000 applications for the building's 55 affordable apartments after they opened up the lines back in February. The overwhelming demand is most certainly a win for developer Gary Barnett, who found himself in the hot seat for creating a separate entrance for low-income tenants, away from the market-rate residents. When speaking to the paper, Barnett called the whole poor door ordeal a “made-up controversy” adding to that “I guess people like it. It shows that there’s a tremendous demand for high-quality affordable housing in beautiful neighborhoods."
So do poor doors really matter?
New Renderings Revealed for 217 West 57th Street, the Will-Be Tallest Residential Building in the World

Rendering via NY Yimby

April 20, 2015

New Renderings Revealed for 217 West 57th Street, the Will-Be Tallest Residential Building in the World

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It's been relatively quiet on the Nordstrom Tower front since we saw some skyline renderings in September. But now YIMBY has uncovered the official renderings for Extell's 217 West 57th Street, the 92-story, 1,775-foot supertall that will take the title of tallest residential building in the world when completed, surpassing Mumbai’s World One Tower by 29 feet. The images continue to show how the tower will dominate the skyline, but they also give us a detailed look at the façade and a peek into one of the penthouses.
See all the renderings here
Slab of Plexiglass Dislodges at One57 and Falls on Two Cars Below

Image © Wade Zimmerman courtesy of Agence Christian de Portzamparc (ACDP)

March 17, 2015

Slab of Plexiglass Dislodges at One57 and Falls on Two Cars Below

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Watch where you walk when treading near supertall towers. The WSJ reports that a stop work order has been issued at One57 after a kitchen table-sized piece of Plexiglass fell from the 22nd floor of the tower on Sunday, smashing into two parked cars down below. Thankfully no one was injured in the incident, but the accident is just one in a slew of construction mishaps that have plagued the building. In late February, glass from the tower landed on a neighboring building’s terrace, and last May, a windowpane fell from the 22nd floor, hitting a truck below. The building was also creating precarious conditions back in 2012 during Super Storm Sandy, when all of New York City looked on in horror as the support cable of an 80-ton crane at the top of the building broke, causing it dangle above their heads.
Is one57 cursed? Find out more here
New Renderings for 212 Fifth Avenue Show a Whimsical Top-Floor Restaurant and Enormous Clock
March 13, 2015

New Renderings for 212 Fifth Avenue Show a Whimsical Top-Floor Restaurant and Enormous Clock

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With the debut of their newly-sharpened website, the visual-realization whizzes at AJSNY are seeking to steal some Apple Watch buzz with this stunningly whimsical rooftop addition atop the now-under-conversion 212 Fifth Avenue in Nomad. The conceptual vision, designed by the rendering team themselves, shows a bronze-clad, multi-story addition wrapped with sinuous ribbons framing an enormous south-facing clock. Below the steampunk-esque penthouse, AJSNY depicts a standard condo-conversion affair of open layouts and double-height spaces for the 1913 neo-medieval tower. The team's images also give us an idea of what the official owners–Madison Equities, Thor Equities, and Building and Land Technology–have in mind for this quintessential Manhattan address. The scheme is not official or approved, but it certainly is creative.
More details on the proposed design ahead
Extell’s UWS ‘Poor Door’ Building Now Taking Affordable Housing Applications
February 18, 2015

Extell’s UWS ‘Poor Door’ Building Now Taking Affordable Housing Applications

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Easily 2014's most controversial building, Extell's 40 Riverside Boulevard—a.k.a. the "Poor Door" building, and recently rechristened 50 Riverside Boulevard in light of the scandal—is back in the news, this time for reasons far less unsavory. Starting today, qualified New Yorkers can apply for one of the building's 55 subsidized rentals.
Find out how much units are going for
Construction Update: One Manhattan Square, Extell’s Mega-Rental Complex in Two Bridges
January 12, 2015

Construction Update: One Manhattan Square, Extell’s Mega-Rental Complex in Two Bridges

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Groundwork continues on Extell Development's 847-foot-tall mega-rental complex at the foot of the Manhattan Bridge. Rumored to be called One Manhattan Square, the project at 250 South Street will bring a staggering 790 luxury rentals and 205 affordable units to a remote section of the Two Bridges/Chinatown neighborhood. The project rises on the former site of a cherished one-story Pathmark supermarket and its sprawling parking lot. While details of the design remain scarce, public documents reveal a two-towered development of 68 and 23 stories to rise atop a three-story podium that will contain 30,000 square feet of retail. Blogger Bowery Boogie uncovered the residential amenity package, which will include two swimming pools, a health club, basketball court, squash court, bowling alley, golf simulator, and 137 on-site parking spaces.
More details on One Manhattan Square
Real Estate Wire: Williamsburg Development Site Sells for Record-Setting $40M; Plaza Condo Drops Price by $15M
December 26, 2014

Real Estate Wire: Williamsburg Development Site Sells for Record-Setting $40M; Plaza Condo Drops Price by $15M

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Sale of two Williamsburg buildings on Bedford Avenue for $40 million sets a new record. [Crain’s] Extell employs holograms to market its One Riverside Park condominium. [NYT] Google is expanding its footprint in Chelsea, creating a 3.5-million-square-foot urban tech campus. [WSJ] Art Deco Plaza condo drops asking price by $15 million. [Curbed] Images: Rendering of the new […]

So You Think You Know Everything About One57?
December 22, 2014

So You Think You Know Everything About One57?

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Well, you might want to think twice. Even though the city's most expensive condo building is also perhaps the most written-about (even the Times has run out of ways to describe it), there are still plenty of little-known facts about the 1,005-foot-tall tower. One57 is considered the crown jewel of what's been dubbed "Billionaire's Row," and can also be credited with launching the ultra-luxury building boom. Developed by Extell's Gary Barnett and designed by Pritzker-winning architect Christian de Portzamparc, the sleek tower is currently the second tallest structure in the city. And that's just the beginning.
Bone up on your One57 factoids here
Is 125th Street the Next 14th Street? Big-Name Developers Think So.

125th Street via jmd41280 via photopin cc

December 15, 2014

Is 125th Street the Next 14th Street? Big-Name Developers Think So.

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14th Street, 23rd Street, 86th Street–there's no question that these east-west thoroughfares are some of the city's most bustling corridors of commercial, cultural, and residential activity. And 125th Street in Harlem could now be joining their ranks, a real estate trend dissected in a WSJ article today. Big-name NYC developers are cashing in on the street's transformation. Greystone & Co. bought a $11.5 million site through a bankruptcy auction earlier this month, where they'll put 75 market-rate and affordable apartments, along with ground-floor retail space. Across the street, Continuum Co. will add 700 residential units and 85,000 square feet of retail. Nearby, Wharton Properties has obtained funding for their 33,000-square-foot retail complex that will be anchored by Whole Foods.
READ MORE
REVEALED: New Renderings for Christian de Portzamparc’s Riverside Center

L to R: Building 1, Building 2 (21 West End Avenue), Building 3, Building 4, Building 5 (1 West End Avenue)

December 5, 2014

REVEALED: New Renderings for Christian de Portzamparc’s Riverside Center

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The final appearance of Christian de Portzamparc’s Riverside Center master plan is coming into full view. A bevy of images depicting three never-before-seen crystalline towers have been released by Goldstein Hill & West Architects, giving us a more complete look at what the two-block site will ultimately look like circa 2018. The city-approved plan will ultimately hold three acres of open space and five mixed-use buildings containing approximately 2,500 condo and rental units, a public school, a hotel, a movie theater and an auto showroom.
More details ahead
Real Estate Wire: Luxury Tower Rising Along the AirTrain; No Picket Fences for This Generation
October 23, 2014

Real Estate Wire: Luxury Tower Rising Along the AirTrain; No Picket Fences for This Generation

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Someone is building a luxury residential building next to the AirTrain station. The Crossing, as it’s called, will host 580 units with roof terraces and a 24-hour doorman among other amenities. [DNA Info] “No Picket Fence”. New Yorkers in their 20s and 30s are increasingly looking for appealing rentals as opposed to buying, and developers are […]

Real Estate Wire: Real-Life Owners of Sex and the City House Are Ticked; Richard Meier Penthouse Now $40M
October 21, 2014

Real Estate Wire: Real-Life Owners of Sex and the City House Are Ticked; Richard Meier Penthouse Now $40M

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Extell’s Gary Barnet shares how he scored the F.M. Ring’s prized Midtown South portfolio. Highlights include how he outmaneuvered the hostile sellers and competing offers. [TRD] The price tag on this Richard Meier penthouse has been upped to $40M from $35M. [Curbed] Sarah Jessica Parker has riled the owners of Carrie Bradshaw’s West Village townhouse […]

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