Extell Development Company

800 3rd Ave, New York, NY 10022, US - MapQuest

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About Extell Development Company

Summary

Extell Development Company, founded in 1989 by Gary Barnett, is a prominent American real estate developer based in New York City. Initially known as Intell Management and Investment until 2005, Extell is renowned for its extensive portfolio of residential, commercial, retail, hospitality, and mixed-use properties.

With a portfolio exceeding 20 million square feet, the company is widely recognised as one of the most active builders in Manhattan. Extell has contributed to the transformation of the city’s skyline, particularly with its development of “Billionaires’ Row” towers near Central Park.

The company’s notable properties include 50 West 66th Street, 995 Fifth Avenue, Central Park Tower, One Manhattan Square, One Riverside Park, One57, Riverside South, The Ariel, The Orion, and W Times Square. Extell is celebrated for its commitment to impeccable design, superior craftsmanship, and luxurious finishes in its developments.

Extell operates with a talented in-house team of professionals, collaborating with world-renowned architects, designers, and consultants. Their approach to real estate development emphasises clear communication and proficient execution, ensuring successful acquisitions, financing, and project management. The company’s founder, Barnett, draws from his experience in the diamond industry, which influences Extell’s pursuit of perfection and attention to detail.

Extell’s properties are recognised for their optimal locations, high-quality materials sourced globally, and innovative designs that maximise light, views, and functionality.

History

Extell Development Company was founded in 1989 by Gary Barnett under the name Intell Management and Investment. The company initially operated in real estate management and investment before rebranding to Extell Development Company in 2005. Over the years, Extell has grown to become one of the leading real estate developers in the United States, particularly known for its significant impact on New York City’s real estate market.

Extell’s early years focused on establishing itself in New York’s competitive real estate market. Its growth was marked by the development of various commercial, residential, and mixed-use properties. The company’s portfolio gradually expanded, and it became known for taking on large-scale projects. By the 2000s, Extell had already begun to build a reputation for creating high-quality developments in prime locations across Manhattan.

In the 2010s, Extell became particularly notable for its work on the “Billionaires’ Row” in Manhattan. The development of ultra-luxury towers near Central Park marked a significant moment in the city’s real estate history, setting new standards for luxury living and attracting global attention. These projects positioned Extell as one of the most active and influential developers in Manhattan, with over 11 active projects in the city by 2015.

Despite facing criticism in 2013 for its decision to create separate entrances for market-rate and subsidised tenants in some of its Manhattan high-rises, Extell continued to expand its portfolio. Notable properties developed by the company include Central Park Tower, One Manhattan Square, and One57. Extell’s commitment to quality design, craftsmanship, and luxury has been a hallmark of its developments.

The company, which now has between 125 and 150 employees, continues to thrive under Barnett’s leadership. Its developments, which span over 20 million square feet, are a testament to the firm’s ability to deliver sophisticated, high-end real estate projects across New York City and other premier markets in the United States.

Portfolio

Extell Development Company has built a diverse portfolio of residential, commercial, retail, hospitality, and mixed-use developments across New York City and beyond.

Among its most notable residential projects is Central Park Tower, located at 225 West 57th Street. This 98-story skyscraper is the tallest residential building in the world, featuring 179 luxury condominiums and a flagship Nordstrom store at its base. Another key project is One57, a 75-story tower at 157 West 57th Street. It combines ultra-luxury residences with a Park Hyatt hotel, making it one of Manhattan’s most iconic buildings.

One Manhattan Square, located at 252 South Street, is a 72-story residential tower offering expansive views of the East River and a comprehensive suite of amenities. Other notable residential developments include 50 West 66th Street, a 70-story condominium tower near Lincoln Center, and The Orion, a 58-story skyscraper at 350 West 42nd Street, providing 551 units in the Hell’s Kitchen neighbourhood.

Extell has also made significant contributions to the waterfront with projects like One Riverside Park, situated at 50 Riverside Boulevard. This 33-story building offers luxury residences with access to a La Palestra Athletic Club & Spa. The Belnord, located at 255 West 86th Street, is a historic building that Extell renovated to provide luxury apartments while maintaining its original architectural charm.

In the commercial and hospitality sectors, Extell developed W Times Square, a 53-story hotel located in the heart of Times Square. Another major development is the Hyatt Times Square, providing upscale accommodations in a prime Midtown location. Hard Rock Hotel Times Square, a 37-story hotel, also adds to Extell’s hospitality portfolio, offering music-themed decor and luxury lodging.

Extell’s commercial projects include Tower 46, an office building at 6th Avenue and West 46th Street, providing office space in a central Manhattan location. The company is also involved in Brooklyn Point, a 57-story residential tower in Downtown Brooklyn, which includes a rooftop pool and panoramic views of the city.

Other commercial ventures include 555Ten, a 52-story residential building in Hudson Yards, and the mixed-use development at 570 Fifth Avenue, which includes plans for a new office tower and an Ikea superstore.

Leadership Team

Gary Barnett | Founder and Chairman
Julie Long | Chief Operating Officer

References

Extell Development | NYC Real Estate Developers | Extell Development Company
Extell Development Company | Wikipedia
Extell Development – Overview, News & Similar companies | ZoomInfo
Extell Development Company – The Skyscraper Center | Council on Tall Buildings and Urban Habitat
Extell Development Company Offices | Built In NYC
Extell Development Co – Company Profile and News | Bloomberg
Extell Development, Adrian Smith & Gordon Gill | The Team | Central Park Tower NYC
Extell Development Company | Archello
Extell Development Company Revenue and Competitors | Growjo
Extell Development Company Profile: Financings & Team | PitchBook
Extell Development Co | The New York Times

800 3rd Ave, New York, NY 10022, US - MapQuest

Email: [email protected]
Website https://extell.com/

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