Extell Development Company

Extell Ends its Garbage Dumping Over the Property Line on Cherry Street

Posted June 26, 2020 at 5:02 am

Extell’s “affordable” residential complex on Cherry Street altered its illegal dumping habits in response to neighbor outcry and media coverage. Indeed, it all changed after the story ran on Bowery Boogie. For the last three months, up until this week, the super of 227 Cherry Street had been stashing refuse in a makeshift curbside corral […]

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On Cherry Street, Extell Dumps its Mountain of Garbage Next Door

Posted June 23, 2020 at 5:00 am

There is a persistent mountain of garbage on Cherry Street under the purview of Extell. Only problem is that it’s corralled and disposed on the property next door. Fed-up neighbors allege that the so-called “affordable building” at 227 Cherry Street – Extell erected this development alongside the ritzy One Manhattan Square – places its refuse […]

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Beleaguered One Manhattan Square Slashes Prices 20% Amidst COVID-19

Posted May 4, 2020 at 5:18 am

Already in a crunch before COVID-19 came ashore, Extell is now resorting to further desperate measures at the gargantuan One Manhattan Square. For a “limited time,” the large quantity of unsold inventory at the luxury development is discounted up to 20-percent. What the PR spin-doctors are calling a “price incentive.” This new incentive is intended […]

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First Glimpse of the ‘Adult Tree House’ at Extell’s One Manhattan Square

Posted February 3, 2020 at 5:08 am

The outdoor amenities long-promised for Extell’s so-called vertical village of One Manhattan Square are finally in focus. The pedestal on which the 815-foot skyscraper sits also boasts what marketing materials refer to as an “urban oasis.” Designed by landscape architects West 8, the 45,000 square-foot backyard is apparently “inspired by the squares and parks of […]

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Safety Lapses and Homeless in the Hallways of Extell’s Cherry Street ‘Affordable’ Complex

Posted January 31, 2020 at 5:07 am

It’s a tale of two towers down at Extell’s waterfront properties. While big real estate often focuses on the greatness of One Manhattan Square – even as it arguably fails – the “affordable” development next door at 227 Cherry Street suffers from apparent security issues. We received an alarming email from a tenant who describes […]

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Gigi Hadid’s Boyfriend Moves into One Manhattan Square

Posted October 3, 2019 at 5:08 am

One Manhattan Square has its first pseudo-celebrity tenant. Bachelorette runner-up, Tyler Cameron. Earlier this week, the roll of gossip rags revealed that model Gigi Hadid’s flame recently moved into a “luxury high-rise” on the Lower East Side. And that he said “goodbye futon” in order to live in the sky. Said high-rise is none other […]

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Extell Unveils ‘Rent-to-Own’ Program at Failed One Manhattan Square Tower

Posted September 26, 2019 at 5:10 am

One Manhattan Square announced its official completion and feted itself last night. But should it be celebrating? A condo-only tower it is not, instead resorting to a new rental initiative to drive sales. With a twist. Extell Development Corp., whose PR vehemently denied offering any rental units in the 80-story “vertical village” when we first […]

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The Lower East Side has the Largest Surplus of Unsold Luxury Condos, Thanks to One Manhattan Square

Posted September 16, 2019 at 5:00 am

The city currently has a problem unloading the luxury condos flooding the market. The New York Times last week published a piece about the glut of unsold apartments in the luxury stratosphere. That, despite the bonkers pace of construction in the high-end market, supply is outstripping demand. The data, culled from a StreetEasy audit, found […]

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Condo Woe: One Manhattan Square Struggles to Shift Inventory, Takes out $692M Loan

Last modified September 6, 2019 at 7:20 am

It’s no secret that One Manhattan Square is desperate to stock its ranks. The struggle is real. Earlier this summer, Extell offered up to 10 years of free common charges to prospective condo buyers who purchased before July 4; internet ad banners are ubiquitous; sales are also sluggish. Revealed in a Commercial Observer report about […]

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Is Extell Resorting to Rentals at One Manhattan Square? [Updated]

Last modified April 16, 2019 at 2:09 pm

For many on the Lower East Side waterfront, Extell’s purported woes are a lesson in schadenfreude. Especially given the years of construction hell endured by those in the vicinity. Apparently it’s much ado about occupancy. No sooner do move-ins happen at Extell’s One Manhattan Square than residents start renting out their pricey new pads. That […]

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