Central Park Tower will rise 1,550 feet high and will feature 179 luxury residences and a Nordstrom department store at its base. Credit: Extell Development Co. Central Park Tower will rise 1,550 feet high and will feature 179 luxury residences and a Nordstrom department store at its base. Credit: Extell Development Co.

NEW YORK CITY—Extell Development Co. reports it has closed on the largest construction financing in the firm’s history totaling $1.135 billion for its “supertall” Central Park Tower development here.