By Dan Geiger 11/22/11 2:30pm

Lease of the Week

175 Varick Street

WeWork Takes New York City

Notwithstanding WeWork’s impressive track record of growth and success in the city, Sean Black knew his tenant wasn’t necessarily going to be an easy sell to landlords.

In just over a year, WeWork had opened three thriving locations, in midtown, Soho and the meatpacking district. The company leases offices, then prepares the facility for smaller tenants and rents out the space on a desk-by-desk basis.
Though there are several companies in the city in what is known as the office-suite business, WeWork has created a distinct concept by constructing space with open floorplans and glass partitioning, a layout that fosters interaction between the tenants. Read More

By Matt Chaban 8/30/11 12:11pm

Machers

Hyper Hyatt. (Extell)

SLCE and Dice: Extell Dumps Design at New Times Square Hyatt Hotel

The Observer has been a big fan of developer Gary Barnett for a while now, not only because he is the most prolific builder in the city at the moment, but he is also doing it with marquee architects, such as Christian de Portzamparc (Riverside South, One57), SOM (the International Gem Tower), FXFowle (the Lucida) and Lucian LeGrange (535 West End Avenue). Now, Extell has announced it is moving forward with a new hotel in Times Square, and the designs are, well, about what you would expect for the area, and that is too bad. Read More

By Jotham Sederstrom 5/27/11 5:41pm

Tales of Investment Sales

10th Avenue Buyout: $42 M.

Sherwood Equities and Fidelity Real Estate Group have entered into a joint venture to purchase 356-366 10th Avenue, a stalled development site in the rapidly growing Hudson Yards district, for $42 million, according to a source familiar with the transaction. Located adjacent to the northern end of the High Line, the site will allow for Read More

By Laura Kusisto 5/24/11 7:31pm

Inn Demand

Extell’s Hudson Square Hotel Dreams

We’d all but forgotten that Gary Barnett’s Extell once planned to build a luxury hotel in Hudson Square, just two blocks from the Trump Soho. But the developer has received a $13 million mortgage on the site, according to public records.

On the final day of June 2009, Extell filed plans for a 35-story, 180,000-square-foot Read More

By admin 7/23/10 1:09pm

Community Board Approves Its Disapproval of Riverside Center

Step one of Riverside Center’s public review is complete.

After four hours of debate in a special meeting devoted entirely to Extell’s 8-acre project, Community Board 7 on Thursday night finalized its own recommendation for the final frontier of the Upper West Side.

More technically, the board voted 36 to 2 Read More