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It will be the first ground-up project from Harry Macklowe's son, Billy, now company chairman and CEO. It will surely reflect all the energy and creativity he can bring to it. * Extell's West 57th Street Jumbo - Gary Barnett's outfit put together this site across the street from Carnegie Hall and stretching to 58th Street. Last year, he told us he's negotiating with "5-star" hotel companies to operate part of a 50-story tower that will also have condos.
Excavation stopped months ago. Extell has yet to file plans with the Buildings Dept. The pause occurs even as Extell is constructing a 55-story hotel/condo tower on West 45th Street and its "diamond tower" on West 47th Street.
Rose Associates' Bruce Spiegel represented the tenant in negotiations with landlord Hanover Estates. He called the neighborhood and the location "especially suitable for a lifestyle brand like Gracious Home." The asking rent was a blended rate of $75 a square foot.