Extell

What Extell does

Extell Development Company is a privately-held, founder-led real estate development firm established in 1989 by Gary Barnett and headquartered at 805 Third Avenue in New York City. The company operates as a fully vertically integrated platform, with in-house acquisitions, finance, development, design, construction, sales/leasing, marketing, and property management functions organized through wholly owned subsidiaries (Extell Management Services, Extell Financial Services, Extell Marketing Group, and Extell Hospitality Services) and project-specific sponsor LLCs. Across more than 35 million gross square feet of past and future developments, Extell builds ultra-luxury residential condominium towers (Central Park Tower at 1,550 feet, One57, 50 West 66th Street, Brooklyn Point, One Manhattan Square, The Kent, 70 Charlton, 1010 Park Avenue), luxury rental properties (555TEN, EVGB, Hudson Piers, The Ashley, Barnegat 67), branded-residence and hotel complexes operated under flags including Park Hyatt, Grand Hyatt, Four Seasons, Waldorf Astoria, Kimpton, Hard Rock, and W Hotel, and large-scale mixed-use masterplans anchored by the 3,700-acre Deer Valley East Village expansion in partnership with Alterra Mountain Company.

The core technology and product differentiator is the signature "Extell Choice" buyer-customization program, which allows purchasers to tailor finishes, layouts, kitchen cabinetry, stone, and hardwood flooring, supported by dedicated property microsites that publish live availability, floor plans, and pricing, plus an in-house sales and leasing operation. Revenue is generated through three primary streams: (1) one-time luxury condominium sales ranging from approximately $1 million (Pioche Village entry-level) to $85 million (50 West 66th penthouse); (2) recurring monthly rental income at properties such as 555TEN, EVGB, and Hudson Piers, with rents ranging from roughly $2,400 for studios to $13,000 for three-bedrooms; and (3) hotel/hospitality revenue via management agreements with flagship operators and the firm's in-house Extell Hospitality Services. Customer segments include ultra-high-net-worth individual condominium buyers, luxury renters, branded-residence second-home buyers, workforce housing residents (660+ units planned at Deer Valley), flagship retail tenants such as Nordstrom, and healthcare tenants such as Hospital for Special Surgery.

The firm's competitive advantages rest on capital scale (routinely executing $100M–$1B+ single transactions), brand recognition in trophy Manhattan addresses including Billionaires' Row, and privileged access to world-renowned architects (Snøhetta, KPF, Adrian Smith + Gordon Gill, Christian de Portzamparc, Robert A.M. Stern) and hospitality operators. The company has recently expanded into Philadelphia, South Boston, and Jerusalem, secured $1.13B in construction financing for 655 Madison Avenue, completed a $500M Midtown Park Avenue assemblage, and appointed Andrew Chung (ex-Carlyle Group, ex-Innovo Property Group) as President and Co-CEO, signaling a deliberate transition toward institutional leadership and broader geographic and vertical diversification.

Name

Extell

Legal name

Extell Development Co.

Website

https://extell.com/

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

11–50 employees

Short description

Extell Development Company is a privately-held, full-service real estate developer founded in 1989 that builds ultra-luxury residential, hospitality, retail, and mixed-use properties across the US, with more than 35 million gross square feet of developments serving ultra-high-net-worth buyers, branded-residence purchasers, institutional commercial tenants, and resort guests.

Ownership category

akta.pro rank

Product category

Luxury Real Estate Development

NAICS

Residential Remodelers (236118), New Housing For-Sale Builders (236117)

SIC

Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Hotels & Motels (7011)

akta.pro primary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

akta.pro secondary industry

New Construction & Builder Sales (BPAJAAAB)

Keywords

• Luxury real estate development
• Residential condominiums
• Hospitality development
• Mixed-use properties
• Commercial real estate

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. Luxury condominium sales: Primary revenue driver from selling for-sale residential condominium units across Manhattan (50 West 66th Street, Central Park Tower, One57, One Manhattan Square, The Kent, Brooklyn Point, etc.), Brooklyn, Boston, New Jersey, Park City (Pioche Village), and Deer Valley. One-time transactions with pricing ranging from approximately $1 million to $85 million per unit.
2. Luxury residential rentals: Recurring monthly rental revenue from managed rental properties including 555TEN (Hudson Yards), EVGB (East Village), Hudson Piers (Yonkers), 70 Charlton, 330 East 72nd, and others. Listed monthly rents range from approximately $2,400 for studios to nearly $13,000 for three-bedrooms.

Pricing tiers

Go-to-market motion4 records

Distribution channels5 records

Marketing channels10 records

Core offering

Extell Development Company is a full-service real estate development firm that acquires, finances, develops, markets, and manages ultra-luxury residential condominium towers, luxury rental properties, branded-residence/hotel complexes, commercial condominiums, and large-scale mixed-use master developments across premier U.S. markets. The company delivers trophy addresses such as Central Park Tower (the world's tallest residential building at 1,550 feet) and One57 on Billionaires' Row in Manhattan, plus the multi-year Deer Valley East Village alpine resort expansion in Park City, Utah.

Product overview

Extell Development Company is a unified full-service real estate development company founded in 1989, with 35M+ gross square feet of past and future developments spanning residential, office, hospitality, and mixed-use properties. The portfolio is organized around four operational pillars: (1) Core luxury residential condominium towers such as Central Park Tower, One57, 50 West 66th Street, Brooklyn Point, One Manhattan Square, The Kent, 70 Charlton, 1010 Park Avenue, 995 Fifth Avenue, The Carlton House, The Lucida, One Riverside Park, The Aldyn, The Rushmore, The Avery, 31 West 11th, 330 East 72nd Street, 535 West End Avenue, 212 East 47th, Altair 18/20, Ariel East/West, The Orion, Pioche Village, and The Belnord; (2) Luxury rental residential properties including 555TEN, EVGB, The Ashley, Barnegat 67, and Hudson Piers; (3) Hospitality assets such as W Hotel Times Square, Hyatt Times Square, Hard Rock Hotel New York, Kimpton Era, The Park Hyatt New York, Grand Hyatt Deer Valley, Canopy by Hilton at Deer Valley, Four Seasons Resort and Residences Deer Valley, Waldorf Astoria Residences Deer Valley, Four Seasons Vail, Four Seasons Resort and Club Dallas at Las Colinas, and Intercontinental Hotel and Residences Boston; (4) Commercial properties including The International Gem Tower and 175 West Jackson Street; plus the large-scale Deer Valley East Village alpine resort master development. Extell's operational subsidiary stack — Extell Property Management Services, Extell Marketing Group, Extell Hospitality Services, and Extell Financial Services — supports the entire portfolio across leasing, marketing, asset management, and finance functions.

Differentiator

Problem solved

Functional benefit

Brands

• Extell Management Services: Property management arm handling Extell's portfolio of high-end condominium, rental, hospitality, and commercial addresses (805 Third Avenue, 8th Floor, New York, NY 10022).
• Extell Financial Services
• Extell Marketing Group
• Extell Hospitality Services

Products and services

• Central Park Tower Ultra-luxury 98-floor condominium tower at 217 West 57th Street on Billionaires' Row offering 179 residences, the Central Park Club sky amenities on the 100th floor, and a 300,000+ sq ft Nordstrom flagship at the base.
• One57 Modern glass supertall on Billionaires' Row rising over 1,000 feet with 132 luxury residences, anchored by the flagship Park Hyatt New York hotel with five-star services.
• 50 West 66th Street 70-story, 127-unit luxury condominium tower between Lincoln Center and Central Park featuring Snøhetta architecture, AB Concept and Shamir Shah interiors, and 50,000+ sq ft of amenities.
• Brooklyn Point 720-foot, 68-story KPF-designed luxury residential tower at City Point in Downtown Brooklyn with 458 residences and 40,000+ sq ft of amenities.
• One Manhattan Square 823-foot, 80-story Meyer Davis-designed luxury glass tower at 252 South Street on the Lower East Side with 815 condominium residences and 100,000+ sq ft of amenities.
• The Kent 83-residence art deco-inspired luxury condominium at 200 East 95th Street on the Upper East Side by Beyer Blinder Belle and Alexandra Champalimaud, featuring The Sound Lounge by Lenny Kravitz.
• 70 Charlton 92-residence luxury condominium across two contextual towers in West Soho with Beyer Blinder Belle architecture, Workshop/APD interiors, the Extell Choice customization program, and a saltwater pool amenities package.
• Hudson Piers Waterfront mixed-use rental development on 20 acres along the Yonkers Waterfront offering studios to three-bedroom luxury apartments with swimming pools, parks, fitness centers, and a 1.5-mile riverfront promenade.
• 555TEN 56-story luxury rental tower at 555 10th Avenue in Hudson Yards with 598 apartments, ground-floor retail, 93,000 sq ft of community facility space, and premium amenities including an indoor lap pool and bowling alley.
• EVGB 110-residence luxury rental property at 500-530 East 14th Street in Manhattan's East Village, with retail anchored by a small-format Target, full-service attended lobby, indoor lap pool, and a landscaped roof deck.
• One Riverside Park 219-residence luxury condominium at 50 Riverside Boulevard on the Upper West Side, with Goldstein, Hill & West architecture and Shamir Shah Design interiors featuring limestone and glass façades.
• The Aldyn Luxury waterfront condominium at 60 Riverside Boulevard with Roman and Williams interiors and a 40,000+ sq ft residents-only Athletic Club and Spa.
• The Rushmore Luxury condominium tower at 80 Riverside Boulevard with Costas Kondylis architecture, LA PALESTRA fitness center and spa, indoor pool, and Hudson River views.
• 1010 Park Avenue Limited 11-residence full-floor and duplex condominium on the Upper East Side's Gold Coast with Indiana limestone and Manhattan schist façade, Beyer Blinder Belle architecture, and David Collins Studio interiors.
• 995 Fifth Avenue 26-residence luxury conversion of the 1926 Rosario Candela-designed Stanhope Hotel at 995 Fifth Avenue, restored by CetraRuddy with John Simpson and Partners interiors.
• The Carlton House 68-residence luxury condominium at 21 East 61st Street in Manhattan with Beyer Blinder Belle architecture, Katherine Newman Design interiors, and an art deco and moderne-inspired design language.
• The Lucida LEED-certified luxury residential tower at 151 East 85th Street on the Upper East Side, the first LEED-certified building on the Upper East Side, designed by Cook + Fox with a frit-glass curtain wall.
• The International Gem Tower Skidmore, Owings & Merrill-designed commercial condominium tower at 50 West 47th Street in NYC's Diamond District, purpose-built for the global diamond, gem, and jewelry industry with Foreign Trade Zone designation.
• Park Hyatt New York (at One57) 210-room flagship Park Hyatt hotel at the base of One57, AAA Five-Diamond and Forbes Travel Guide Five-Star rated, with Yabu Pushelberg interiors providing five-star services to One57 residents.
• W Hotel Times Square 53-story retail and hotel tower at 1567 Broadway in Times Square, leased to Starwood Hotels which operates the flagship W Hotel, with a substantial signage tower.
• Hyatt Times Square 550-foot, 487-room four-star Hyatt hotel at 135 West 45th Street in Manhattan's Theater District, with SLCE architecture, SPAN of New York and George Wong interiors, and a rooftop terrace.
• Hard Rock Hotel New York First Hard Rock Hotel in NYC at 159 West 48th Street in Times Square, a 38-story full-service four-star property with 446 keys, 46 suites, a duplex "Rock Star" Suite, and 30,000+ sq ft of amenities.
• Kimpton Era Midtown New York 33-story, 529-room design-forward Kimpton hotel at 32 West 48th Street near Rockefeller Center, the third NYC addition to the Kimpton portfolio, with Apicii-operated restaurants and INC Architecture & Design interiors.
• Intercontinental Hotel and Residences Boston 20-story, 720,000 sq ft mixed-use development at 500 Atlantic Avenue in Boston with 424 Intercontinental hotel keys, 130 luxury hotel-serviced condominiums, and 375 below-grade parking spaces.
• Grand Hyatt Deer Valley Premier destination resort in Extell's Deer Valley East Village, with 436 luxury accommodations including 55 private residences, four culinary concepts, and 30,000+ sq ft of event space, marking the Grand Hyatt brand's Utah debut.
• Canopy by Hilton at Deer Valley All-season Canopy by Hilton resort perched above the Jordanelle Reservoir with ski-in access to the Jordanelle Express Gondola, a rooftop lounge, golf simulator, and year-round heated pool amenities.
• Four Seasons Resort and Residences Deer Valley Luxury resort and private residences complex at Deer Valley East Village, with 134 guest rooms, 55 hotel residences, 68 private residences, and 60,000+ sq ft of amenities managed by Four Seasons.
• Waldorf Astoria Deer Valley Resort and Residences Iconic ski-in, ski-out luxury resort at Deer Valley East Village with 132 hotel keys and 105 branded residences in two towers, designed by Kohn Pedersen Fox with AvroKO interiors, including the signature Peacock Alley.
• Four Seasons Resort & Residences Vail Acquired luxury ski resort at One Vail Road in Vail with 121 guest rooms, 13 two-to-four-bedroom residences, 15,000 sq ft spa, celebrated dining, and exclusive ski facilities at the base of Gondola One.
• Deer Valley East Village Master-planned alpine resort expansion with Alterra Mountain Company adding 3,700+ acres of skiable terrain, 16 new lifts, 10-passenger gondola, multiple branded hotels, 1,000+ private residences, and 250,000 sq ft of retail/commercial space, North America's newest luxury alpine village since 1981.
• Pioche Village Extell's first Park City condominium adjacent to Deer Valley's Jordanelle Express Gondola, with direct ski access to Deer Valley Resort and the new East Village, custom finishes, and the signature Extell Choice program.
• Barnegat 67 Four-story mixed-use complex in Barnegat, NJ with 150 residential rental units, 100,000 sq ft of retail, a fitness center, urgent care, and 15,000+ sq ft of indoor-outdoor amenities.
• The Lofts Pier Village Extell's first New Jersey development: an oceanfront Long Branch condominium with resort-style amenities, a boutique hotel, and fine dining and shopping at Jersey Shore destination Pier Village.
• The Belnord 600,000 sq ft landmark residential property at 225 West 86th Street spanning an entire city block, originally built in 1908 by Hiss and Weeks, acquired and fully renovated by Extell in 1994.
• 535 West End Avenue 20-story pre-war-inspired luxury residential building on a corner property in Manhattan's Upper West Side, designed by renowned architect Lucien Lagrange.
• The Avery Extell's first Riverside South residential building at 100 Riverside Boulevard, offering unobstructed Hudson River views and a unique partnership with Lincoln Center for exclusive patron access, private on-site performances, and a curated library.
• The Ashley Luxury rental property at 400 West 63rd Street with oversized layouts, concierge services by Abigail Michaels, and 40,000+ sq ft of fitness, sporting, and recreational facilities.
• 175 West Jackson Street (Chicago) 1.8 million sq ft, 21-story neo-classical Insurance Exchange at the heart of Chicago, originally built in 1912 by D. H. Burnham and Company and transformed by Extell into a contemporary office property with Lucien Lagrange Architects.
• The Orion One of Manhattan's tallest residential buildings at 350 West 42nd Street with 550 homes, where the signature "Extell Choice" finish packages debuted, with CetraRuddy interiors and resort-style amenities on the 29th and 30th floors.
• Extell Property Management Services
• Extell Hospitality Services
• Extell Marketing Group
• Extell Financial Services

Quantifiable outcome

• Central Park Tower: world's tallest residential building at 1,550 feet (472.4 meters), 98 floors, 179 residences.
• +7 more outcomes

Named customers6 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered minor, flagship and core.

• Jacobsen Construction / Clawson General Contracting (MIDA Military Recreation Project)minorStrategic or Co-development Partner · 18 May 2026Extell is an active participant in the Military Installation Development Authority (MIDA) Military Recreation Project Area in Utah alongside Jacobsen Construction and Clawson General Contracting. Gary Barnett has donated over $500,000 to Utah Republican causes since partnering with MIDA in 2018.
• Andrew Chung (Co-CEO and President)flagshipOthers · 7 April 2026Extell Development Company appointed Andrew Chung as Co-CEO and President. Chung, with a background at Innovo Property Group and The Carlyle Group, will oversee the company's pipeline and strategic growth. Kevin D. Kim was also appointed Executive Vice President.
• Chevron Property HoldingsminorStrategic or Co-development Partner · 20 March 2026Gary Barnett's Extell Development partnered with Chevron Property Holdings to acquire the Old City office building at 436 Walnut Street in Philadelphia for $30 million. The over-100-year-old building in a historic district offers options including office-to-residential conversion, hotel development, or modernization.
• J.T. Magen & Co.minorStrategic or Co-development Partner · 17 March 2026A partnership of J.T. Magen & Co. and Extell Development purchased a key development site in South Boston at a foreclosure auction for $75 million. The auction involved vacant storage warehouses and seafood plants along Dorchester Avenue, creating a clearer path for the long-stalled project.
• Kimpton Hotels & Restaurants (IHG)coreOEM/ Whitelabel/ Licensing Partner · 11 March 2026Extell developed Kimpton Era Midtown New York, a 33-story hotel with 529 guest rooms featuring four restaurant and bar concepts operated by Apicii. The hotel, the third NYC addition to the Kimpton portfolio, officially opened in Manhattan at 32 West 48th Street near Rockefeller Center.
• Hilton (Waldorf Astoria Hotels & Resorts)flagshipStrategic or Co-development Partner · 27 January 2026Extell Development Company and Hilton announced plans for the Waldorf Astoria Deer Valley Resort and Residences, a ski-in, ski-out luxury resort expected to open in 2028 in Park City, Utah. The development features 132 hotel keys and 105 branded residences (1,099-5,155 sq ft) in two towers, with architectural design by Kohn Pedersen Fox and interiors by AvroKO. Construction began May 2025.
• Alterra Mountain CompanyflagshipStrategic or Co-development Partner · 9 June 2025Extell and Alterra Mountain Company are jointly developing the Deer Valley East Village expansion in Park City, Utah, adding over 3,700 acres of skiable terrain, 16 new ski lifts, and a new 10-passenger gondola. When completed, Deer Valley will offer over 6,746 ski-only acres across 10 mountain peaks. The development will create approximately 2,000 new jobs and over 1,000 private residences.
• Four Seasons Hotels and ResortsflagshipStrategic or Co-development Partner · 10 December 2024Four Seasons and Extell Development Company announced plans for a luxury resort and private residences complex at Deer Valley East Village in Park City, Utah - North America's first new luxury alpine village in over forty years. The development will feature 134 guest rooms and suites plus 123 private residences (1-6 bedrooms), with ski-in/ski-out access and services managed by Four Seasons. Sales handled by Summit Sotheby's International Realty.
• Hyatt Hotels Corporation (Grand Hyatt)flagshipOEM/ Whitelabel/ Licensing Partner · 1 November 2024Extell developed the Grand Hyatt Deer Valley, a 436-key luxury resort anchoring the Deer Valley East Village. The property opened in November 2024 as the Grand Hyatt brand's debut in Utah. Extell Hospitality Services provides asset-management services for the resort.
• Summit Sotheby's International RealtycoreChannel Partner/ Reseller/ Distributor · 2 August 2024Summit Sotheby's International Realty partnered with Extell to market and sell residential units at Pioche Village, Grand Hyatt Deer Valley, and Four Seasons Resort and Residences Deer Valley in Park City, Utah. The partnership supported the sellout of 55 Grand Hyatt Deer Valley branded residences.
• Hard Rock InternationalcoreOEM/ Whitelabel/ Licensing Partner · 1 January 2022Extell developed the Hard Rock Hotel New York at 159 West 48th Street, the first Hard Rock Hotel in New York City. The 38-story full-service four-star hotel contains 446 keys, including 46 suites, plus over 30,000 square feet of prime amenities and a public food and beverage program. Completion: 2022.
• Park Hyatt (Hyatt Hotels Corporation)flagshipOEM/ Whitelabel/ Licensing Partner · 1 January 2014The Park Hyatt New York, the North American flagship for the Park Hyatt brand, occupies the base of Extell's One57 skyscraper. The 210-room property is one of the privileged few with both AAA Five-Diamond and Forbes Travel Guide Five-Star ratings.
• Lincoln Center for the Performing ArtsminorGTM or Marketing Partner · 1 January 2007Extell forged a unique partnership with Lincoln Center for The Avery at 100 Riverside Boulevard. Residents enjoy exclusive access to Lincoln Center's patron's desk, private on-site performances, and a library curated by Lincoln Center specifically for The Avery.
• Starwood Hotels & Resorts (W Hotels)coreOEM/ Whitelabel/ Licensing Partner · 1 January 2000Extell developed a 53-story retail and hotel tower at 1567 Broadway at the corner of West 47th Street and Broadway, leased to Starwood Hotels which operates its flagship W Hotel at the location.

Scale indicators13 records

Recent moves12 records

Expansion highlights9 records

Direct peers

• The Related Companies: Major New York-headquartered developer of luxury residential, mixed-use, and affordable housing; direct competitor in trophy Manhattan residential (Hudson Yards) and large master-planned developments comparable to Extell's Billionaires' Row portfolio.
• Macklowe Properties: New York luxury residential developer known for 432 Park Avenue and One Wall Street; comparable as a Manhattan-focused ultra-luxury condominium developer competing in the same trophy-segment buyer pool.
• Tishman Speyer: Globally active real estate developer and investor with significant NYC trophy office (Rockefeller Center) and luxury residential portfolio; comparable as a developer/owner of iconic Manhattan mixed-use assets and large mixed-use districts.
• The Durst Organization: Family-owned New York real estate developer of commercial office (One Bryant Park, One World Trade Center) and residential rental; directly comparable as a privately held, vertically integrated NYC developer with sustainable-building credentials (LEED leader).

Broad incumbents

• Vornado Realty Trust: Public REIT focused on Manhattan office and high-street retail (flagship PENN DISTRICT properties); comparable as a major NYC real estate owner/developer with overlapping trophy asset ownership but a broader office-centric investment mandate.
• SL Green Realty Corp. Largest office landlord in Manhattan with trophy properties along Park and Fifth Avenues; relevant as a peer given Extell's $500M Park Avenue site acquisition and $1B 570 Fifth Avenue office project.
• Brookfield Property Partners: Global real estate investor/developer with major NYC office (Brookfield Place) and retail holdings; comparable as a large-scale trophy asset owner with development capabilities but operating across broader asset classes and geographies.

Emerging players

• JDS Development Group: Manhattan-based luxury residential and mixed-use developer (111 West 57th Street supertall, American Copper Buildings); comparable as a NYC supertall residential competitor targeting the same ultra-luxury buyer demographic.
• Howard Hughes Holdings: Master-planned community developer (The Woodlands, Summerlin, Ward Village); comparable to the Deer Valley East Village masterplan as a developer building large-scale mixed-use destinations over multi-year horizons.

Others

• Related Group: Florida-based luxury condominium developer (Aston Martin Residences, Porsche Design Tower) with branded-residence expertise; thematically related as a luxury condo developer pursuing branded-residence partnerships, though operating in a different geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCBZfgJe2UcxeO3A6Y61a8NQ
• Facebookfacebook.com/extellmarketing
• LinkedInlinkedin.com/company/extell-development-company
• Instagraminstagram.com/extell

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries9 records

Funding overview

Funding rounds6 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Extell