Extell Development Company

Wells Fargo Inspections Signal Extell’s Loan Interest for Cherry Street Tower

Posted January 12, 2021 at 5:06 am

It appears that Extell needs more money to operate 227 Cherry Street. Wavecrest Management, which oversees this affordable building in the shadow of One Manhattan Square, circulated a letter to tenants that Wells Fargo bank will be on-premise tomorrow for a “lender site inspection.” So, it would appear that Extell seeks another loan for this […]

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Punishing Winds Upend One Manhattan Square Plaza Pavers

Posted December 29, 2020 at 5:03 am

Mother Nature wasn’t too kind to One Manhattan Square this Christmas. Damaging winds during the overnight storm punished the plaza pavers, upending several sections. One resident tells us that this is actually a normal occurrence at the waterfront Extell development. Whenever it gets really windy. Even though these pavers are extremely heavy, oftentimes requiring two […]

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Streets

Eight Years After Extell, Still No Supermarket for Two Bridges

Posted November 24, 2020 at 5:05 am

With One Manhattan Square an eyesore of the Lower East Side skyline for so long, it’s almost impossible to remember what came before. Almost. Indeed, it’s been eight years since Pathmark officially closed its doors, leaving the surrounding Two Bridges community bereft of an affordable supermarket. For much of the local population, a walk to […]

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One Manhattan Square Shows off 45K Square-Foot Private Garden with Tree House

Posted October 15, 2020 at 5:04 am

Crime might be spiking at one of Extell’s properties on the Lower East Side waterfront, but its luxury tower, One Manhattan Square, continues to bask in amenities. Specifically, its new garden area, which is touted as the largest private outdoor garden space in the city. At 45,000 square-feet, the West 8-designed yard features a furnished […]

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Streets

Tenants Fearful of Uptick in Crime at Extell’s Affordable Building on Cherry Street

Last modified October 6, 2020 at 7:34 pm

[Updated below] While real estate speculation along the Lower East Side waterfront continues, albeit gradually due to ongoing lawsuits, one skyline newcomer is reportedly plagued with crime. For Extell Development Corp. the plan from the get-go was two as-of-right towers at Cherry Street and Pike Slip. One Manhattan Square being the crown jewel with million-dollar […]

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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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Streets

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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