Extell Development Company
|Privately held company|
|Industry||Real estate development|
Number of employees
Extell Development Company is a New York-based company that develops and invests in real estate.
The company’s portfolio exceeds 20 million square feet. Notable properties owned or developed by the company are:
- 50 West 66th Street
- 995 Fifth Avenue
- Central Park Tower
- InterContinental Boston
- One Manhattan Square
- One Riverside Park
- Riverside South, Manhattan
- The Ariel
- The Orion
- W Times Square
The company was founded in 1989 by Gary Barnett.
In August 2013, the company was criticized for building separate entrances for rich tenants and poor tenants in its Manhattan high-rise buildings.
In October 2013, the company agreed to acquire the Ring Portfolio, comprising 14 properties totaling more than 1 million square feet in New York City.
In June 2015, the company acquired 25 West 47th Street for $15.4 million.
In August 2016, the company sold 134 West 58th Street to S.W. Management for $61.5 million.
In December 2016, the company acquired The Four Seasons Resort and Residence in Vail for $121 million.
- Agovino, Theresa (December 19, 2010). "City Council approves Extell's Riverside Center". Crain Communications.
- Pincus, Adam (February 1, 2013). "Barnett's big buildout". The Real Deal.
- Pincus, Adam (March 20, 2013). "Extell set to grow Midtown East site". The Real Deal.
- Briquelet, Kate (August 18, 2013). "Upper West Side condo has separate entrances for rich and poor". New York Post.
- Samtani, Hiteni (October 21, 2014). "Gary Barnett reveals how he won the Ring portfolio". The Real Deal.
- ELKIES SCHRAM, LAUREN (June 11, 2015). "Extell Buys Diamond District Building for $15.4M". Commercial Observer.
- "Extell Development Company And SMI USA Announce Joint Venture For Central Park Tower" (Press release). PR Newswire. August 11, 2016.
- LA GUERRE, LIAM (August 8, 2016). "Extell Abandons Development Plans, Sells Midtown Site for $62M". Commercial Observer.
- Miller, Ben (December 1, 2016). "High-class Vail resort sells to N.Y.C. firm for $121 million (or $903,000 per room)". American City Business Journals.
- Putzier, Konrad (January 11, 2017). "Extell lands $143M Bank of the Ozarks refi for Midtown project". The Real Deal.
- GEIGER, DANIEL (May 3, 2017). "Rockefeller Group to buy NoMad development site". Crain Communications.