Extell Development Company


Extell Development Company is a New York-based company that develops and invests in real estate.

Investments

The company’s portfolio exceeds 20 million square feet.
Notable properties owned or developed by the company are:
The company was founded in 1989 by Gary Barnett.
In 2010, the company received approval to construct Riverside South, Manhattan, a 3.1-million-square-foot mixed-use project on the Upper West Side.
In February 2013, the company was the most active builder in Manhattan, with at least 11 active projects totaling 5.7 million square feet.
In August 2013, the company was criticized for building separate entrances for rich tenants and poor tenants in its Manhattan high-rise buildings.
In October 2013, the company agreed to acquire the Ring Portfolio, comprising 14 properties totaling more than 1 million square feet in New York City.
In June 2015, the company acquired 25 West 47th Street for $15.4 million.
In August 2016, the company formed a joint venture with Shanghai Municipal Investment Group to build a $3 billion 95-story luxury condominium tower next to Central Park.
In August 2016, the company sold 134 West 58th Street to S.W. Management for $61.5 million.
In December 2016, the company acquired The Four Seasons Resort and Residence in Vail for $121 million.
In January 2017, the company received a $143 million loan from Bank of the Ozarks to refinance one of its Midtown properties.
In May 2017, the company sold a redevelopment site in Manhattan to Rockefeller Group.