Extell

Maverick developer Gary Barnett and his Extell Development Company have closed on a sliver of Port Authority-owned land at 31st Street and 10th Avenue for about $17 million, property records show.  read more »

If you tour the model residences of 995 Fifth Avenue, chances are you will buy a unit in the building, according to Extell’s Gary Barnett.

Maybe he’s right.

Over half of the 26 units in the Upper East Side development have sold, according to a press release. In just 30 days, over $100 million in sales have been recorded.

The residences, which start out at $12 million, range in size from 4,100 to 8,400 square feet and there is a 7,000-square-foot penthouse with a 5,000-square-foot outdoor terrace.

Occupancy is scheduled for 2008.  read more »