Extell Files Plans for Midtown Hotel/Condo

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.