Extell Improvement’s plans for an Higher West Aspect supertall are coming into focus.
The agency is plotting an 86-story, 1,200-foot-tall constructing at 80 West 67th Road, in accordance with public filings by an govt vp for Extell. The plans name for 430 residential models and amenity areas, in addition to 25,000 sq. ft of retail area. In any other case, the submitting is brief on particulars.
Extell didn’t reply to a request for remark from The Actual Deal.
Gary Barnett’s been speaking a few supertall on the neighborhood campus for some time. In Could, he appeared before a community board, a part of an effort to keep away from a prolonged authorized battle. He went so far as providing to construct greater than 100 throughout two smaller buildings to appease neighborhood members.
However neighborhood members and the native councilmember pushed for much more reasonably priced housing. It’s unclear the place these negotiations stand in the present day.
“We positively need quite a lot of reasonably priced models and it must be on-site,” Council member Gale Brewer stated on the time.
Extell paid Silverstein Properties and Seven Valleys roughly $930 million in 2022 for the previous Walt Disney Firm-owned ABC campus and scored at least $900 million in acquisition financing from Guggenheim Companions and Aquarian Holdings.
The developer filed plans in December 2024 for 2 smaller buildings on the property that would come with reasonably priced housing.
In November, Extell filed plans for a 25-story, 355-foot-tall constructing with 58 residential models and ground-floor retail at 37 West 66th Road. The general lot, nonetheless, is anticipated to function 158 residential models, suggesting Extell plans for at the very least one different constructing.
Extell isn’t solely making over its piece of the Higher West Aspect — it’s additionally making some in-house adjustments.
Andrew Chung recently got here aboard as president and co-CEO, partnering with Barnett because the prolific condominium builder turns its focus towards extra industrial tasks.
Chung’s observe document contains institutional funding expertise from his time at Carlyle and improvement experience as a trailblazer of the mid-2010s last-mile warehouse increase after launching Innovo Property Group.
Chung will work carefully with Barnett to supervise Extell’s strategic course, improvement pipeline, capital relationships and long-term progress plans throughout its residential, industrial and mixed-use investments.
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