Extell Development Company Announces Over $260 Million In Sales In First Quarter Of 2021
PR89066
NEW YORK, April 19, 2021 /PRNewswire=KYODO JBN/ --
-- Real Estate Developer Experiencing Strong Sales Success Across Portfolio
Extell Development Company (
) – a full-service national real estate developer of residential, commercial
and hospitality properties – is releasing sales data across its entire
portfolio. In the first quarter of 2021, Extell signed more than $260 million
in new contracts throughout its for-sale residential developments and is on
track to execute an additional $250 million in April alone. This sales success
is a testament to the strength of the real estate market in New York City and
other prime markets across the country, as well as consumer confidence in
Extell's high-quality residential offerings.
"Throughout this pandemic we have never stopped believing in the strength and
resiliency of New York City," said Gary Barnett, Founder and Chairman of Extell
Development Company. "With the country continuing to reopen, New Yorkers
returning to the city, and the vaccine rollout progressing rapidly, buyers are
recognizing that now is the time to buy and take advantage of today's pricing
before it goes back up. We are one of few developers that can offer
opportunities at various price points across the city and other markets
throughout the country."
Extell is seeing robust sales volume at properties from Brooklyn Point to Pier
Village in New Jersey to the Four Seasons Condominium in Vail, Colorado. All
Extell developments offer thoughtfully-designed floorplans, spectacular views,
vast amenity programming and amazing value.
Key Points:
-- In 2021, Central Park Tower has 15 new deals signed and pending, a
number of which are for three-bedroom homes with spectacular Central
Park views. Other transactions at the new landmark tower range from two-
bedroom to full-floor residences.
-- During the first quarter of 2021, Brooklyn Point, the borough's tallest
residential building, executed 20 transactions of sale. In March alone,
11 contracts were signed and the project is on track to achieve 16
additional sales in April.
-- In the first quarter of 2021, One Manhattan Square signed 10 new
contracts. In addition, the development is in advanced process of
entering into 14 additional sales agreements during April.
-- Several sales this quarter led to 70 Charlton selling all of its
remaining one- and three- bedroom residences, only a few two- and four-
bedroom homes remain. The property is now 95% sold.
-- Since announcing up to 20% off select homes earlier this year, The Kent
has seen a significant uptick in activity. Currently there are several
deals under contract or pending for these large-sized homes. The
building offers gracious residences and a 20-year tax abatement.
-- Following four sales at 1010 Park Avenue in the first quarter of 2021
and two more full-floor residences put into contract in April, there is
only one remaining opportunity to purchase a home in this boutique
building: the extraordinary duplex penthouse.
-- After six homes sold earlier this year at ONE57, the property is now 90%
sold. The remaining units are moving quickly as buyers recognize ONE57
as one of the best values along Billionaires' Row.
-- With a select number of homes left for sale and summer quickly
approaching, The Lofts Pier Village is continuing to see a sales boom.
This year already, the oceanfront condominium at the Jersey Shore has 12
residences in contract. The project is in its final sale stages and
expects that by the end of April 90% of the units will be sold.
-- On the heels of a busy winter season, premier resort destination Vail
Four Seasons continues to see activity on its exceptional condominiums,
signing contracts upward of $6.3 million. The property has only one
remaining residence for sale.
About the Developments:
-- Central Park Tower: Located on West 57th Street above the Nordstrom
flagship department store, Central Park Tower (
)
is the tallest residential building in the world at 1,550 feet. The
building offers endless views, exquisite architecture, gracious floor
plans and an unprecedented level of service and amenities. On the heels
of commencing closings, Extell recently announced that celebrity event
planner Colin Cowie will curate bespoke living and culinary experiences
for residents of Central Park Tower. As the building's exclusive
lifestyle specialist, Colin's team will offer year-round experiences for
Central Park Club, a private club encompassing 50,000 square feet.
Residents will also receive exclusive access to Nordstrom's flagship
store. Extell Marketing Group and Corcoran Sunshine Marketing Group are
the co-exclusive sales and marketing agents for the building. Pricing at
Central Park Tower starts at $6.5 million. For more information, call
212-957-5557 or visit www.centralparktower.com.
-- Brooklyn Point: Just after welcoming its first residents to the
building, Brooklyn Point (
)
announced a second milestone, a new partnership with Ryan Serhant,
becoming the first development to partner with the Million Dollar
Listing star's new firm SERHANT. As the only for-sale residence located
above City Point – a 600,000-square-foot mecca of retail, dining and
entertainment opportunities – Brooklyn's tallest building has created a
new level of first-class living in Downtown Brooklyn. Featuring the
highest residential infinity pool in the Western Hemisphere opening
later this month, the building offers breathtaking views and over 40,000
square feet of indoor and outdoor amenities, many of which are now open
for resident use. Only one stop from Manhattan, residents have a variety
of transportation options with 11 subway lines and the Long Island Rail
Road in close proximity. Available for immediate occupancy, pricing for
studios starts at approximately $900,000. Purchasers at Brooklyn Point
also benefit from a 25-year tax abatement and extremely low carrying
costs. For more information, call 718-222-5770 or visit
www.brooklynpointnyc.com.
-- One Manhattan Square: Available for immediate occupancy, One Manhattan
Square (
)
pioneered a new era of luxury on the Lower East Side Waterfront. The
glass tower is an urban oasis with striking skyline and water views and
over 100,000 square feet of private indoor and outdoor amenities. The
property features New York City's largest private garden, a unique one-
acre amenity that allows residents to connect with nature. Buyers also
appreciate the significant savings that come with a 20-year tax
abatement and super low common charges. Extell Marketing Group and
Corcoran Sunshine Marketing Group are the co-exclusive sales and
marketing agents for the building. Pricing starts at $1.09 million. For
more information, call 212.252.1560 or visit www.onemanhattansquare.com
-- 70 Charlton: Approaching sellout, now is the final opportunity to buy a
home at 70 Charlton (
)
in West Soho. Boasting architecture that pays homage to the surrounding
neighborhood, the 92 well-appointed residences are spread across two
wings connected by an enclosed breezeway overlooking a lushly landscaped
courtyard. Amenities include an indoor saltwater pool, fitness center,
steam room, landscaped courtyard, outdoor sports court, residents'
lounge, children's playroom and bike storage. Pricing starts at $2.7
million. For more information, call 212.675.7070 or visit
www.70charlton.com.
-- The Kent: Available for immediate occupancy and offering the only 20-
year tax abatement on the Upper East Side, The Kent (
)
is the perfect place for a family to call home. Located near an
abundance of the city's finest schools, The Kent is architecturally
striking with an Art Deco-inspired design complemented by interiors that
echo the classic elegance and grandeur of the Upper East Side.
Encompassing 83 gracious condominium residences ranging from two- to
five-bedrooms, The Kent offers a full-service lifestyle with three
levels of curated indoor and outdoor amenities that provide
entertainment for everyone. Amenities include a Lenny Kravitz-designed
Sound Lounge, "Camp Kent" which provides an indoor/outdoor play
experience, a 55' indoor swimming pool and more. Pricing starts at $4.4
million for a three-bedroom residence. For more information, call 212-
922-9595 or visit www.TheKentNYC.com.
-- 1010 Park: Dubbed "A Rare Park Avenue Gem," 1010 Park Avenue (
)
is located on the Upper East Side's most prestigious corridor on Park
Avenue between 84th and 85th Streets. The building presents a compelling
opportunity to purchase a new construction home with premier amenities
that span three floors and the ability to move in immediately. Offering
the utmost privacy, 1010 Park features an access-controlled elevator,
providing a secure arrival into each of the 11 homes' private reception
lobbies. 1010 Park Avenue has only one extraordinary home remaining,
which is the duplex penthouse. Pricing for this unique residence is
available upon request. For more information, call 212-583-1010 or visit
www.1010ParkAvenue.com.
-- ONE57: The record-breaking tower that spearheaded development on 57th
Street, which is now considered one of the most prestigious residential
corridors in the world, offers magnificent Central Park and cityscape
views. Poised above the award-winning five-star Park Hyatt New York
Hotel, residents have full access to the hotel's five-star amenities and
services. Private amenities include a screening and performance space,
triple-height indoor swimming pool and spa, library, dining room,
fitness center and more. Current availability at ONE57 (
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=982774222&u=https%3A%2F%2Fone57.com%2F&a=ONE57
)
starts at $4.05 million. For more information, call 212-570-1700 or
email sales@one57.com.
-- The Lofts Pier Village: Buyers are running out of time to secure their
home at The Lofts Pier Village (
)
– an oceanfront condominium at the Jersey Shore beach town of Long
Branch. The development is now over 85% sold. The Lofts Pier Village
features thoughtfully-designed oceanfront residences with open layouts,
private terraces, as well as Extell's signature custom finishes and high
level of design. The Lofts Pier Village offers buyers a year-round
luxury escape and relaxing lifestyle. Amenities include a private park,
outdoor pool and cabanas, pool deck with towel service, lounge area with
fire pits and grills, and more. Prices on remaining units start at
$630,000. Buyers also benefit from an unprecedented 30-year tax
abatement (PILOT) program, which significantly reduces carrying costs.
For more information, call 732-847-0010 or visit
www.piervillagelofts.com.
-- Vail Four Seasons: Acquired by Extell in 2016, Four Seasons Resort &
Residences Vail is the defining address at one of the world's most
illustrious winter resort destinations, Vail, Colorado. Boasting 121
guest rooms and 13 two-to-four-bedroom residences, the four-diamond
hotel offers a 15,000-square-foot spa, celebrated dining, and exclusive
ski facilities at the base of Vail's Gondola One. The last remaining
condominium for sale is priced at $13.99 million.
For more information on Extell Development Company, please visit www.extell.com
SOURCE Extell Development Company
Contact: M18 Public Relations, Anna LaPorte – 212-604-0318 x113;
anna@m18pr.com, or Brooke Goldberg – 212-604-0318 x128; brooke@m18pr.com
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