Country for PR: United States
Contributor: PR Newswire New York
Tuesday, April 20 2021 - 00:01
AsiaNet
Extell Development Company Announces Over $260 Million In Sales In First Quarter Of 2021
NEW YORK, April 19, 2021 /PRNewswire-AsiaNet/ --

-- Real Estate Developer Experiencing Strong Sales Success Across Portfolio

Extell Development Company ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=4217162779&u=https%3A%2F%2Fextell.com%2F&a=Extell+Development+Company 
) – a full-service national real estate developer of residential, commercial 
and hospitality properties – is releasing sales data across its entire 
portfolio. In the first quarter of 2021, Extell signed more than $260 million 
in new contracts throughout its for-sale residential developments and is on 
track to execute an additional $250 million in April alone. This sales success 
is a testament to the strength of the real estate market in New York City and 
other prime markets across the country, as well as consumer confidence in 
Extell's high-quality residential offerings. 

"Throughout this pandemic we have never stopped believing in the strength and 
resiliency of New York City," said Gary Barnett, Founder and Chairman of Extell 
Development Company. "With the country continuing to reopen, New Yorkers 
returning to the city, and the vaccine rollout progressing rapidly, buyers are 
recognizing that now is the time to buy and take advantage of today's pricing 
before it goes back up. We are one of few developers that can offer 
opportunities at various price points across the city and other markets 
throughout the country."

Extell is seeing robust sales volume at properties from Brooklyn Point to Pier 
Village in New Jersey to the Four Seasons Condominium in Vail, Colorado.  All 
Extell developments offer thoughtfully-designed floorplans, spectacular views, 
vast amenity programming and amazing value. 

Key Points:

    -- In 2021, Central Park Tower has 15 new deals signed and pending, a 
       number of which are for three-bedroom homes with spectacular Central 
       Park views. Other transactions at the new landmark tower range from two-
       bedroom to full-floor residences. 

    -- During the first quarter of 2021, Brooklyn Point, the borough's tallest 
       residential building, executed 20 transactions of sale. In March alone, 
       11 contracts were signed and the project is on track to achieve 16 
       additional sales in April. 

    -- In the first quarter of 2021, One Manhattan Square signed 10 new 
       contracts. In addition, the development is in advanced process of 
       entering into 14 additional sales agreements during April. 

    -- Several sales this quarter led to 70 Charlton selling all of its 
       remaining one- and three- bedroom residences, only a few two- and four- 
       bedroom homes remain. The property is now 95% sold. 

    -- Since announcing up to 20% off select homes earlier this year, The Kent 
       has seen a significant uptick in activity. Currently there are several 
       deals under contract or pending for these large-sized homes. The 
       building offers gracious residences and a 20-year tax abatement. 

    -- Following four sales at 1010 Park Avenue in the first quarter of 2021 
       and two more full-floor residences put into contract in April, there is 
       only one remaining opportunity to purchase a home in this boutique 
       building: the extraordinary duplex penthouse. 

    -- After six homes sold earlier this year at ONE57, the property is now 90% 
       sold. The remaining units are moving quickly as buyers recognize ONE57 
       as one of the best values along Billionaires' Row. 

    -- With a select number of homes left for sale and summer quickly 
       approaching, The Lofts Pier Village is continuing to see a sales boom. 
       This year already, the oceanfront condominium at the Jersey Shore has 12 
       residences in contract. The project is in its final sale stages and 
       expects that by the end of April 90% of the units will be sold. 

    -- On the heels of a busy winter season, premier resort destination Vail 
       Four Seasons continues to see activity on its exceptional condominiums, 
       signing contracts upward of $6.3 million. The property has only one 
       remaining residence for sale.

About the Developments:

    -- Central Park Tower: Located on West 57th Street above the Nordstrom 
       flagship department store, Central Park Tower ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=2805976005&u=https%3A%2F%2Fcentralparktower.com%2F&a=Central+Park+Tower 
) 
       is the tallest residential building in the world at 1,550 feet. The 
       building offers endless views, exquisite architecture, gracious floor 
       plans and an unprecedented level of service and amenities. On the heels 
       of commencing closings, Extell recently announced that celebrity event 
       planner Colin Cowie will curate bespoke living and culinary experiences 
       for residents of Central Park Tower. As the building's exclusive 
       lifestyle specialist, Colin's team will offer year-round experiences for 
       Central Park Club, a private club encompassing 50,000 square feet. 
       Residents will also receive exclusive access to Nordstrom's flagship 
       store. Extell Marketing Group and Corcoran Sunshine Marketing Group are 
       the co-exclusive sales and marketing agents for the building. Pricing at 
       Central Park Tower starts at $6.5 million. For more information, call 
       212-957-5557 or visit www.centralparktower.com. 

    -- Brooklyn Point: Just after welcoming its first residents to the 
       building, Brooklyn Point ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=4149893195&u=https%3A%2F%2Fbrooklynpointnyc.com%2F&a=Brooklyn+Point 
) 
       announced a second milestone, a new partnership with Ryan Serhant, 
       becoming the first development to partner with the Million Dollar 
       Listing star's new firm SERHANT. As the only for-sale residence located 
       above City Point – a 600,000-square-foot mecca of retail, dining and 
       entertainment opportunities – Brooklyn's tallest building has created a 
       new level of first-class living in Downtown Brooklyn. Featuring the 
       highest residential infinity pool in the Western Hemisphere opening 
       later this month, the building offers breathtaking views and over 40,000 
       square feet of indoor and outdoor amenities, many of which are now open 
       for resident use. Only one stop from Manhattan, residents have a variety 
       of transportation options with 11 subway lines and the Long Island Rail 
       Road in close proximity. Available for immediate occupancy, pricing for 
       studios starts at approximately $900,000. Purchasers at Brooklyn Point 
       also benefit from a 25-year tax abatement and extremely low carrying 
       costs. For more information, call 718-222-5770 or visit 
       www.brooklynpointnyc.com. 

    -- One Manhattan Square: Available for immediate occupancy, One Manhattan 
       Square ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=514890791&u=https%3A%2F%2Fonemanhattansquare.com%2F&a=One+Manhattan+Square 
) 
       pioneered a new era of luxury on the Lower East Side Waterfront. The 
       glass tower is an urban oasis with striking skyline and water views and 
       over 100,000 square feet of private indoor and outdoor amenities. The 
       property features New York City's largest private garden, a unique one-
       acre amenity that allows residents to connect with nature. Buyers also 
       appreciate the significant savings that come with a 20-year tax 
       abatement and super low common charges. Extell Marketing Group and 
       Corcoran Sunshine Marketing Group are the co-exclusive sales and 
       marketing agents for the building. Pricing starts at $1.09 million. For 
       more information, call 212.252.1560 or visit www.onemanhattansquare.com
 
    -- 70 Charlton: Approaching sellout, now is the final opportunity to buy a 
       home at 70 Charlton ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=1941140544&u=https%3A%2F%2Fwww.70charlton.com%2F&a=70+Charlton 
) 
       in West Soho. Boasting architecture that pays homage to the surrounding 
       neighborhood, the 92 well-appointed residences are spread across two 
       wings connected by an enclosed breezeway overlooking a lushly landscaped 
       courtyard. Amenities include an indoor saltwater pool, fitness center, 
       steam room, landscaped courtyard, outdoor sports court, residents' 
       lounge, children's playroom and bike storage. Pricing starts at $2.7 
       million. For more information, call 212.675.7070 or visit 
       www.70charlton.com. 

    -- The Kent: Available for immediate occupancy and offering the only 20-
       year tax abatement on the Upper East Side, The Kent ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=1460961150&u=https%3A%2F%2Fthekentnyc.com%2F&a=The+Kent 
) 
       is the perfect place for a family to call home. Located near an 
       abundance of the city's finest schools, The Kent is architecturally 
       striking with an Art Deco-inspired design complemented by interiors that 
       echo the classic elegance and grandeur of the Upper East Side. 
       Encompassing 83 gracious condominium residences ranging from two- to 
       five-bedrooms, The Kent offers a full-service lifestyle with three 
       levels of curated indoor and outdoor amenities that provide 
       entertainment for everyone. Amenities include a Lenny Kravitz-designed 
       Sound Lounge, "Camp Kent" which provides an indoor/outdoor play 
       experience, a 55' indoor swimming pool and more. Pricing starts at $4.4 
       million for a three-bedroom residence. For more information, call 212-
       922-9595 or visit www.TheKentNYC.com. 

    -- 1010 Park: Dubbed "A Rare Park Avenue Gem," 1010 Park Avenue ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=3598422783&u=https%3A%2F%2F1010parkavenue.com%2F&a=1010+Park+Avenue 
) 
       is located on the Upper East Side's most prestigious corridor on Park 
       Avenue between 84th and 85th Streets. The building presents a compelling 
       opportunity to purchase a new construction home with premier amenities 
       that span three floors and the ability to move in immediately. Offering 
       the utmost privacy, 1010 Park features an access-controlled elevator, 
       providing a secure arrival into each of the 11 homes' private reception 
       lobbies. 1010 Park Avenue has only one extraordinary home remaining, 
       which is the duplex penthouse. Pricing for this unique residence is 
       available upon request. For more information, call 212-583-1010 or visit 
       www.1010ParkAvenue.com. 

    -- ONE57: The record-breaking tower that spearheaded development on 57th 
       Street, which is now considered one of the most prestigious residential 
       corridors in the world, offers magnificent Central Park and cityscape 
       views. Poised above the award-winning five-star Park Hyatt New York 
       Hotel, residents have full access to the hotel's five-star amenities and 
       services. Private amenities include a screening and performance space, 
       triple-height indoor swimming pool and spa, library, dining room, 
       fitness center and more. Current availability at ONE57 ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=982774222&u=https%3A%2F%2Fone57.com%2F&a=ONE57 
) 
       starts at $4.05 million. For more information, call 212-570-1700 or 
       email sales@one57.com. 

    -- The Lofts Pier Village: Buyers are running out of time to secure their 
       home at The Lofts Pier Village ( 
https://c212.net/c/link/?t=0&l=en&o=3133247-1&h=3132124470&u=https%3A%2F%2Fpiervillagelofts.com%2F&a=The+Lofts+Pier+Village 
)
       – an oceanfront condominium at the Jersey Shore beach town of Long 
       Branch. The development is now over 85% sold. The Lofts Pier Village 
       features thoughtfully-designed oceanfront residences with open layouts, 
       private terraces, as well as Extell's signature custom finishes and high 
       level of design. The Lofts Pier Village offers buyers a year-round 
       luxury escape and relaxing lifestyle. Amenities include a private park, 
       outdoor pool and cabanas, pool deck with towel service, lounge area with 
       fire pits and grills, and more. Prices on remaining units start at 
       $630,000. Buyers also benefit from an unprecedented 30-year tax 
       abatement (PILOT) program, which significantly reduces carrying costs. 
       For more information, call 732-847-0010 or visit 
       www.piervillagelofts.com. 

    -- Vail Four Seasons: Acquired by Extell in 2016, Four Seasons Resort & 
       Residences Vail is the defining address at one of the world's most 
       illustrious winter resort destinations, Vail, Colorado. Boasting 121 
       guest rooms and 13 two-to-four-bedroom residences, the four-diamond 
       hotel offers a 15,000-square-foot spa, celebrated dining, and exclusive 
       ski facilities at the base of Vail's Gondola One. The last remaining 
       condominium for sale is priced at $13.99 million. 

For more information on Extell Development Company, please visit www.extell.com 

SOURCE Extell Development Company

Contact: M18 Public Relations, Anna LaPorte – 212-604-0318 x113; 
anna@m18pr.com, or Brooke Goldberg – 212-604-0318 x128; brooke@m18pr.com  
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