X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

NEW YORK CITY-Amid news of projects from other developers that are being postponed or curtailed altogether, Extell Development Co. has filed plans with the city for an upcoming residential-hotel complex. Reportedly totaling 830,000 square feet, the complex will rise on a 110,891-square-foot vacant lot diagonally across from Carnegie Hall at 157 W. 57th St.

According to Department of Buildings records, plans were filed on Monday and the application was assigned to an examiner on Tuesday. A spokesman for Extell did not provide GlobeSt.com with further details by deadline on the project’s estimated costs or completion date.

Extell’s application calls for a 73-story tower 953 feet tall. It will include 150 residential units, according to DOB records. In December, the New York Post reported that the hotel component would be a Hyatt; this could not be confirmed by Tuesday’s GlobeSt.com deadline.

Architect on the project is Costas Kondylis & Associates. Kondilys is also working on Extell’s 880,000-square-foot Riverside South residential project on the Upper West Side.

In July, GlobeSt.com reported that Extell and its partners the Carlyle Group and RREEF secured a $613-million construction loan on Riverside South. That project will include a mix of for-sale and rental apartments in two buildings. At the time, Extell president Gary Barnett said in a prepared statement that “the Upper West Side continues to be a big draw.”

GlobeSt.com in December reported progress on another Extell project, the 1.5-million-square-foot World Product Centre that will serve as a trade mart for medical service companies from around the world to showcase new products. Excavation and marketing had begun on the 60-story project, to be built at 555 W. 33rd St. Extell is developing the 977-foot tower, scheduled for completion in 2013, in partnership with the Greater New York Hospital Association.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.