Advertisement: Extell Development Corporation Promotion
Extell Development Company, a name synonymous with impeccable design, superior craftsmanship, and the finest appointments, is making waves in the heart of New York City. With a success story spanning almost four decades, each development by Extell embodies the true definition of quality.
In the bustling cityscape of Midtown Manhattan, Extell is advancing the construction of a new 29-story office tower at 570 Fifth Avenue. Standing at 567 feet tall, the project is expected to revitalize Fifth Avenue with modern office and retail spaces. Excavation and foundational work are progressing well, with piling and concrete slab installation underway. The project enjoys strong financial backing, including a significant investment from Ingka Group focusing on retail elements and new debt financing from South Korea’s IGIS Asset Management to support a $340 million refinancing strategy. The building is projected to reach its pinnacle by 2026, with completion aimed for late 2028 [1].
Moving towards the Upper West Side, Extell plans a supertall 1,200-foot, 90-story residential skyscraper at 77 West 66th Street. This ambitious project would become the tallest building in the Upper West Side by a wide margin, following Extell’s recent completion of the controversial 50 West 66th Street tower nearby. To foster community goodwill, Extell plans to include 100 affordable housing units in two smaller buildings as part of the development. The developer acquired the site for roughly $930 million in 2022 and secured at least $900 million in financing. The project is currently under community board review, with ongoing discussions about affordable housing commitments and community impact to avoid further legal challenges [2][3][4].
Extell's developments are known for their customized finishes, thoughtful floor plans, and exceptional amenity programming. The company has redefined luxury residential development throughout New York City, as evidenced by projects such as One Manhattan Square, a vertical village in the Lower East Side with over 100,000 sq ft of amenities, and Central Park Tower, the tallest residential development in the world on Manhattan’s Billionaires' Row. Brooklyn Point, another Extell development, boasts the tallest residential infinity pool in the Western Hemisphere at its crown [5].
Extell's impressive portfolio has redefined the New York City skyline, and the company shows no signs of slowing down. For those interested in learning more about Extell Development Company, marketing inquiries can be directed to Extell Marketing Group via email at [email protected]. For more information, visit their official website at extell.com [6].
References: [1] New York YIMBY (2023). 570 Fifth Avenue Office Tower. [online] Available at: https://newyorkyimby.com/2023/02/570-fifth-avenue-office-tower-2.html [2] New York YIMBY (2023). 77 West 66th Street. [online] Available at: https://newyorkyimby.com/2023/02/77-west-66th-street.html [3] Curbed NY (2023). Extell's proposed Upper West Side tower would be the city's tallest residential building. [online] Available at: https://ny.curbed.com/2023/2/extells-proposed-upper-west-side-tower-would-be-the-citys-tallest-residential-building [4] The Real Deal (2023). Extell's Upper West Side tower would be city's tallest residential building. [online] Available at: https://therealdeal.com/2023/02/24/extells-upper-west-side-tower-would-be-citys-tallest-residential-building/ [5] New York YIMBY (2022). Brooklyn Point. [online] Available at: https://newyorkyimby.com/2022/10/brooklyn-point.html [6] Extell Development Company. [online] Available at: https://extell.com/
- Extell Development Company, with its focus on luxury design, is constructing a 29-story office tower at 570 Fifth Avenue, which will offer modern real-estate spaces for businesses, financed by notable investors like Ingka Group and IGIS Asset Management.
- In addition, Extell is planning a residential skyscraper, standing 1,200 feet tall at 77 West 66th Street, with community contributing initiatives such as affordable housing units, seeking approval from the local community board.
- Extell's previous works include One Manhattan Square, a vertical village with extensive amenities, Central Park Tower, the tallest residential development globally, and Brooklyn Point, featuring the tallest residential infinity pool in the Western Hemisphere.
- For those interested in learning more about Extell's luxury real-estate developments and investing opportunities in commercial or residential properties, marketing inquiries can be directed to Extell Marketing Group at [email protected], or visit their official website at extell.com for detailed information.
