Extell Development Company has announced a major joint venture with global investment entity Tennor Holding B.V. to complete 50 West 66th Street, a 775-foot-tall residential skyscraper on Manhattan’s Upper West Side. When finished, the building will wrest the title of tallest building in the neighborhood from 200 Amsterdam Avenue.
While Extell has confirmed Tennor as the project’s co-developer, specifics regarding the financial breakdown of the partnership have not been made public.
“We are pleased to work with Tennor on this premier project,” said Gary Barnett, chairman and founder of Extell Development Company. “We believe the superb location, views, and design will make it one of the most desirable residential buildings in New York City and expect it to be a great success for both Extell and Tennor.”
The building is located just steps from cultural landmarks including Central Park and Lincoln Center, a proximity that executive architect Snøhetta claims influenced the structure’s design. In this regard, selected building materials include a natural palette of limestone, bronze cladding, an elegant glass curtain wall, and a uniquely tapered crown.
The residential component will comprise 127 condominiums and a suite of recreational amenities including an indoor pool, a full basketball court, a squash court, and a bowling alley. Additional amenity spaces on the 20th floor include a manicured lounge, a business center, a landscaped terrace with fire pits, and a spa.
“Despite the current challenging environment, Tennor has a long-term belief in New York’s global importance and is undertaking a material investment in the city to support local jobs, tax revenues, and communities,” said Lars Windhorst, chairman of the advisory board of Tennor Holding B.V. “As well, we are excited to invest and partner with Extell in this premier development.”
While an official project timeline has not been revealed, construction is ongoing.