Extell on Track to Match Q1’s $260M in New Contracts This Month
Extell Development Company said it signed more than $260 million in new contracts throughout its for-sale residential developments during the first quarter. The company is on track to execute an additional $250 million in April alone.
“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,” said Gary Barnett, founder and chairman of Extell. “We are one of few developers that can offer opportunities at various price points across the city and other markets throughout the country.”
Extell said it’s seeing robust sales volume at properties ranging from 1010 Park Ave. on the Upper East Side and Central Park Tower in Midtown to Brooklyn Point, the borough’s tallest residential building, and the Four Seasons Condominium in Vail, CO.