Leaving the Building Congress luncheon today, The Observer looked up to notice something we had never seen on the Midtown skyline before: One57! Garry Barnett's Central Park-towering apartment building is now totally a part of the city skyline, unavoidably peeking down on Columbus Circle. Read More
Following a large leasing deal at 175 Varick Street last month, the asset's landlord, Extell Development, is putting its leasehold interest in the approximately 185,000-square-foot office property up on the market.
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Woah, One57! Extell's bombastic tower is already known for astronomical prices, including $98 million penthouses and a Not everyone is so sure that Extell will be able to sell units with their optimistic prices, however. "There's nothing currently in the marketplace to substantiate those dollars" Jacqueline Urgo, the president of Marketing Directors told The Real Read More
The Observer has been a big fan of developer Gary Barnett for a while now, not only because he is the most prolific builder in the city at the moment, but he is also doing it with marquee architects, such as Christian de Portzamparc (Riverside South, One57), SOM (the International Gem Tower), FXFowle (the Lucida) and Lucian LeGrange (535 West End Avenue). Now, Extell has announced it is moving forward with a new hotel in Times Square, and the designs are, well, about what you would expect for the area, and that is too bad. Read More
Gary Barnett continues to bulldoze his way across the city. Just last week, his Extell Development unveiled plans for a new tower at Riverside South; found a partner for a stalled 50-story hotel near Times Square; and secured $700 million in financing from Abu Dhabi toward One57, the condo-hotel tower on West 57th Street that will be the tallest, and likely most expensive, when it is completed. As if that were not enough, the developer has begun work just down the block on another of its long-simmering projects. Read More
On Monday night, the bright, rain-streaked MetLife clock had just struck midnight and the streets were still crowded with Flatiron revelers when The Observer stood gazing at One Madison Park. The 60-story obelisk rose darker than the sky, with only a single light burning on the 25th floor, until it too went out.
The clock Read More
We'd all but forgotten that Gary Barnett's Extell once planned to build a luxury hotel in Hudson Square, just two blocks from the Trump Soho. But the developer has received a $13 million mortgage on the site, according to public records.
On the final day of June 2009, Extell filed plans for a 35-story, 180,000-square-foot hotel Read More
Extell has pocketed yet another Diamond District gem, on 46th Street between Fifth and Sixth avenues, as part of a larger assemblage that could one day allow the developer to erect a new tower.
In one of its first buys on the block since the bust, Extell, led by Gary Barnett, just purchased 9 West 46th Read More
Donald Trump may want to buy the Mets, but the developer with a real feel for the game—as well as basketball, it turns out—is Extell's Gary Barnett. Scoring the extra point is the fact that he famously beat Trump out at Riverside South, where many of the city's top athletes are now moving.
Once upon a time, people could not wait to break their contracts at the Rushmore and flee Gary Barnett's ultra-luxury twin tower complex in Riverside South. Was it a typo or just bubble-era buyers' remorse? Whatever the case of the case, The Observer suspects people will be fighting to get into the building Read More
Robin Williams will make his Broadway acting debut next month, in the highly anticipated Bengal Tiger at the Baghdad Zoo. Since the star sold his Manhattan home over a decade ago, he will need a new place to stay. Having struck out on Central Park West, Williams has landed on the other Read More
About 90 percent of all diamonds that enter the U.S. pass through New York's diamond district, though you'd never know it walking down West 47th Street, a warren of grimy aluminum and puffy-coated hawkers, the claustrophobic energy of deal-making, all of it crammed like carbon atoms into a one-block expanse.
But to Gary Barnett, diamond merchant-turned-real Read More
Score another win for Big, Bad Gary Barnett.
A State Supreme Court judge ruled yesterday that a case against the attorney general's office filed by Barnett could not be dismissed, according to The Real Deal. Buyers want out of their contracts at The Rushmore, one of Barnett's Riverside South developments, but Barnett charges thatRead More
Gary Barnett is trying once again to polish the rough diamond that is his International Gem Tower.
The 32-story project designed by SOM has been in the works for years now, with the hopes of creating a modern, centralized complex for the city's arcane diamond industry. From the start, it has aggravated other landlords along 47th Read More
Gary Barnett has made plenty of enemies at his developments at Riverside South, including litigious tenants and Borough President Scott Stringer. Now, local little leaguers are up in arms too.
Part of the agreement to develop the massive residential complex, which was begun by Donald Trump in the 1980s, was to extend Riverside Park Read More
