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Discussion Starter · #1 · (Edited)
Extell has lined up a large development along Fifth Avenue. Six of the acquired buildings are being demolished. Two were recently acquired and have yet to be demolished.

6sqft: Extell Files Permits to Demolish Six Midtown Buildings for a New Mega Development

Yesterday, Gary Barnett’s Extell (the developer behind the Nordstrom Tower, One57, and the controversial 250 South Street, to name just a few) filed a string of demolition permits with the city’s Department of Buildings to raze six buildings along West 46th Street between Fifth and Sixth Avenues. The doomed four- and five-story structures are at 3 West 46th Street, 5 West 46th Street, 7 West 46th Street, 9 West 46th Street, 11 West 46th Street and 13 West 46th Street. And on Monday, The Real Deal reported that Barnett has secured ownership of two neighboring properties at 562 and 564 Fifth Avenue from Thor Equities and SL Green Realty. The prolific developer also owns 2 and 10 West 47th Street on the northern side of the block in the heart of the Diamond District.
Back in 2014, sources said that Extell was planning for a new hotel tower at the site, but given the large amount of land the savvy developer has assembled (more than 30,000 square feet by our count) it will likely yield the largest tower built on Fifth Avenue in more than a generation.
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this cityrealtynyc/6sqft massing seems to depict a supertall.

 

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Super Moderator
Excelsior!
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Discussion Starter · #2 · (Edited)
extell is planning a hotel a block north between 47th and 48th. This tower is supposed to be between 46th and 47th.

https://nypost.com/2018/11/05/deals-clear-for-big-midtown-building-projects/

Gary Barnett’s Extell Development Company bought 4-story 32 W. 48th St., former home to the Plaza Arcade diamond mini-mall, for $40 million, and at the same time closed on title to several adjacent buildings an air rights to another. The deals popped up in city records Friday night.

“We now have everything we need to build,” Barnett said on Sunday. Tentative plans call for a hotel with a “few hundred keys” and stores, he said.

The purchases totaled $85 million. Extell also signed a $63.8 million mortgage spreader agreement with Bank of the Ozarks for the six adjacent properties — 30, 32, 36 and 38 W. 48th St. and 25 and 27 W. 47th St. The new project will connect West 48th Street with the 47th Street diamond block.

Barnett said demolition leading to construction should begin within six months.
 
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