Extell Development Company

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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Streets

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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Streets

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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Desperate Extell Offers to Waive up to 10 Years of Common Charges at One Manhattan Square

Posted April 11, 2019 at 5:09 am

Winds of change are blowing down on the Lower East Side waterfront. Extell appears desperate to sell condos at One Manhattan Square. So much so that the 850-foot, 815-unit skyscraper has resorted to comping up to ten years of common charges for new residents. These fees range from roughly $700 to $2,300 per month, based on current […]

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Cops Fatally Shoot Knife-Wielding Man in Extell Tower on Cherry Street

Last modified February 11, 2019 at 4:15 pm

Two police officers shot and killed a 32-year-old knife-wielding man while responding to a domestic dispute on the Lower East Side waterfront Friday morning. It all went down at Extell’s recently-completed, thirteen-story affordable housing complex on Cherry Street. According to multiple news reports, police received a 911 call from 227 Cherry Street at about 7am […]

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Extell’s One Manhattan Square is Now ‘Fully Enclosed’

Posted October 23, 2018 at 5:00 am

It seemed like the job would never finish, but One Manhattan Square is finally completely glassed up. Fully enclosed from top to bottom, it’s a feat almost six years in the making. Dating back to Extell’s purchase of the Pathmark plot in February 2013 for $175 million, and destruction of the supermarket the following year. […]

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Public Hearing on Two Bridges Skyscrapers Happening this Morning

Posted October 17, 2018 at 5:08 am

Today is a pivotal day in the life of the proposed super-tall towers on the Lower East Side waterfront. The City Planning Commission is holding the final public hearing later this morning on the controversial application for the three new large-scale developments. Members of the public who attend will have a chance to speak (three […]

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Streets

Worker at Extell’s Affordable Tower Badly Burned in Electrical Accident

Posted October 17, 2018 at 5:00 am

It was a case of shock and burn down at the Extell project site on Cherry Street. A construction worker was electrocuted early yesterday during a work accident 227 Cherry Street, the developer’s so-called affordable tower. The man reportedly sustained second-degree burns about the arms, neck, and head, but was conscious when paramedics arrived. He was later […]

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