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  #5141  
Old Posted Mar 13, 2018, 9:28 PM
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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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  #5142  
Old Posted Mar 14, 2018, 1:02 PM
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Stunning!!!

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  #5143  
Old Posted Mar 14, 2018, 3:51 PM
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Today's YIMBY update showed a picture of the tower with the spire; but on further check, I think it's from 2015.

I'm a bit confused.
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  #5144  
Old Posted Mar 14, 2018, 9:58 PM
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Quote:
Originally Posted by Prezrezc View Post
Today's YIMBY update showed a picture of the tower with the spire; but on further check, I think it's from 2015.

I'm a bit confused.
Its from 2015.

IMO, CPT is like the Tupac of super talls. Keeps mysteriously appearing (spire) every once in a while.
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  #5145  
Old Posted Mar 15, 2018, 4:33 AM
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5146  
Old Posted Mar 15, 2018, 8:38 AM
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I like the ballroom replacement tower on the lower right.
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  #5147  
Old Posted Mar 16, 2018, 9:13 PM
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Maybe they'll put some models in the window.
No, models are all in the back.

Windows on the right side is a mockup of the residential lobby and windows to the left is the projection room where they show the video of the tower and views from each unit.

I'm pretty sure they won't remove the films from the windows given the need of a darkened room for the projection and how the lobby is "rotated" so in reality, there won't be any windows on that side when it's built anyways

From what I've heard, all the N line 2 bedroom units are already in contract already; these are the 2 bedroom ~1400 sq ft full central park view units that go for around $6000 psf
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  #5148  
Old Posted Mar 17, 2018, 1:49 AM
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https://www.instagram.com/p/BgYwwvRB...rascontracting

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Taller and taller and taller we go in this beautiful city I call home. Wish that I could share what I saw in yesterday‘s viewing of the show room.

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  #5149  
Old Posted Mar 19, 2018, 4:40 AM
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I know its just a mass model and mock up, but come to think about it, CPT with skylights illuminating the base would look kinda neat, at least from street level.

What I can't wait to see is the lighting atop of Stienway, illuminating its waterfall wall like crown. In typical Barnett fashion, its competitor JDS has absolutely no detail added to its tower; One57, CPT vs Stienway. One is via Barnett (Extell), the other Stern (JDS Development).
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  #5150  
Old Posted Mar 19, 2018, 12:22 PM
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This tower will be stunning.
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  #5151  
Old Posted Mar 19, 2018, 2:42 PM
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Mar 19, 2018 at 3:08 PM.
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  #5152  
Old Posted Mar 20, 2018, 2:08 AM
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5153  
Old Posted Mar 20, 2018, 8:03 PM
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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  #5154  
Old Posted Mar 20, 2018, 11:34 PM
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I'm dying to see them remove some of the blue shrinkwrap or whatever it is and see if the glass color aligns with the renders.
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  #5155  
Old Posted Mar 21, 2018, 3:11 AM
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Thumbs down

Quote:
Originally Posted by JMKeynes View Post
Stunning!!!

Garbage overgrown flattop. Eye of the beholder or lower standards, not much consensus with this one.
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  #5156  
Old Posted Mar 21, 2018, 3:08 PM
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This view makes it look both goofy and ominous.
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  #5157  
Old Posted Mar 21, 2018, 5:41 PM
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I really want to see the facade because I think it will be a shiny, crisp facade.



https://therealdeal.com/2018/03/21/w...al-park-tower/

Wanted: Sales director at Central Park Tower
Jason Karadus is re-joining Brown Harris Stevens


By E.B. Solomont
March 21, 2018


Quote:
Karadus is re-joining Brown Harris Stevens as an agent, the firm said.

“I love the project,” Karadus said. “But I’ve never punched a clock in my life.”

...Karadus said he was unhappy with the daily grind of working in-house for a developer, and missed his resale business too.

“This was a very corporate position and I gave it six months,” he said.

“I really do believe in the project, and I believe in luxury,” he said. “I look forward to selling this project — but from the outside.”

Extell Development’s Gary Barnett closed on $1.14 billion in financing for the project earlier this year, when it finalized a $900 million construction loan from a consortium led by JPMorgan Chase. The developer also secured $235 million in preferred equity from an unnamed hedge fund. Terms of the loan give Extell three years to sell $500 million worth of condos.




https://www.instagram.com/p/Bgl8xtyD...ken-by=zuckiji

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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.

Last edited by NYguy; Mar 21, 2018 at 6:07 PM.
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  #5158  
Old Posted Mar 21, 2018, 11:47 PM
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  #5159  
Old Posted Mar 23, 2018, 12:22 AM
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  #5160  
Old Posted Mar 23, 2018, 1:10 AM
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looks like its hit 900'
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