Extell Development

1010 Park Avenue

Foundation Work Underway on 16-Story, 11-Unit Mixed-Use Project at 1010 Park Avenue, Upper East Side

Excavation is complete and foundation work is now underway on a 16-story, 11-unit mixed-use building, technically listed as an expansion of the Park Avenue Christian Church’s five-story rectory. The address is 1010 Park Avenue, between East 84th and 85th streets on the Upper East Side. A photo of the site was posted to Twitter by the church’s neighbor, Regis High School. The project will measure 59,398 square feet and will incorporate some elements of the original rectory’s façade into its facade. The ground floor and two sub-cellar levels will be used by the church, and condominium units, averaging an opulent 5,043 square feet apiece, will take up the floors above. Extell Development Company is the developer and Beyer Blinder Belle is behind the architecture. A construction timeline is not currently known. Since the site sits within the Park Avenue Historic District, the Landmarks Preservation Commission had to approve the project, which happened in January of 2015.


134 West 58th Street in April 2014, photo by Christopher Bride for PropertyShark

New Developer Acquires Site of Planned 18-Story, 41-Unit Residential Project, 134 West 58th Street, Midtown

S.W. Management has acquired, for $61.5 million, the 15-story, 121-unit residential building at 134 West 58th Street, in Midtown, Commercial Observer reported. The developer purchased the property from Extell Development, who previously filed applications at the site for a new 18-story, 41-unit residential building, as YIMBY reported late last year. It’s not known if the new owner will follow through with those plans. Building permits were granted in April to develop a 60,324-square-foot project. The residential units would have averaged 1,283 square feet apiece and amenities would have included storage for 21 bikes, private residential storage, a ‘recreation room” on the ground floor, and a rooftop recreational area. Issac & Stern Architects was the architect of record. Demolition permits haven’t been filed for the existing apartment building.



350 East 86th Street

Extell Expands Mixed-Use Development Assemblage at 350 East 86th Street, Upper East Side

After entering into contract nearly a year ago, Extell Development has closed on the purchase of the single-story, 128,250-square-foot Gristedes grocery store at 350 East 86th Street, on the Upper East Side, for $93 million. The acquisition was funded with a $55 million mortgage, Commercial Observer reported. The developer also owns the neighboring four- and five-story tenement buildings at 1645-1651 First Avenue. Combined with the new acquisition, the 20,650-square-foot assemblage now supports 206,500 square feet of new mixed-use development up to 210 feet above street level. The developer is apparently planning a 20-story, 200-plus-unit condominium project at the site, although there aren’t many details on it. Demolition permits haven’t been filed for any of the Extell-owned properties, but Gristedes is expected to vacate the premises later this year.


252 South Street

New Video Shows 252 South Street’s Impact on the Manhattan Skyline

There are only a few locations outside of Midtown and the Financial District that support supertall (or near supertall) development. The newest such location is the far Lower East Side, where Extell’s 252 South Street, also known as One Manhattan Square, is now rising. While several renderings of the project have been revealed, YIMBY now has a full video of the soon-to-be skyscraper and its impact on the Manhattan skyline, posted on the YIMBY Forums and also on Curbed.

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