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Old Posted Mar 13, 2018, 9:28 PM
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Join Date: Jul 2001
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Still not officially on the market...


https://therealdeal.com/2018/03/13/e...condo-project/

Extell sells $107M in shares at its $4B Central Park Tower condo project

By Chava Gourarie
March 13, 2018


Quote:
Gary Barnett’s Extell Development sold $107 million worth of preferred shares in the $4 billion Central Park Tower development, according to documents filed with the Tel Aviv Stock Exchange on Monday. The deal will provide $94 million of cashflow for the development of the 95-story condominium tower.

Barnett closed on a $1.14 billion construction financing package in December 2017 for what will be New York’s most expensive condo project ever. The New York State Attorney General’s office approved the offering plan with a $4 billion sellout for 179 units. And while sales haven’t officially launched, Barnett has begun the process of marketing the units. And he’s not being bashful — Barnett is the first developer to attempt to sell 20 units priced at $60 million or more at one project.
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