Extell’s Central Park Tower – New York

Founded in 1989 by Gary Barnett, Extell is a Full service development company for residential, office, retail and hospitality properties. With a Portfolio of over 1.85 million square meters and a Strong reputation with institutional lenders and investors. As a Regional Center, Extell was Designated by USCIS in 2011, with Over $525 million raised, 1059 Total I-526 filed, 298 I-526 approved. Central Park Tower will be the Tallest residential building in the Western Hemisphere and is Exemplar Approved.

EB-5 HIGHLIGHTS

  • Project Exemplar Approval:  Yes
  • EB-5 Max Raise: $340 million (11% of Project Cost)
  • $194.5 million already raised (as of 9/30/2017)
  • Admin Fee:  $55,000
  • Loan Term: 5 years
  • Job Count: 8,229 | 120% job coverage

PROJECT SUMMARY

  • Tallest residential building in the Western Hemisphere
  • 179 Residences | 131 stories
  • Nordstrom as anchor tenant
  • Project Cost: $2.98 Billion
  • $1.56 billion of equity (52% of Project Cost)
  • Construction Commencement: 2014
  • Construction Completed: 2019 (est.)

KEY FEATURES

  • 131-story mixed-use ultra-luxury tower with a Nordstrom department store at the base
  • Height of approximately 472 meters
  • 179 Residential Units beginning on the 32nd floor
  • Central Park Club, an exclusive offering of approximately 4,645 square meters (50,000 square feet) of amenities located throughout the building on the 14th, 16th and 100th floors.
  • Total Project will be approximately 111,483 Square Meters (1.2 million Square Feet)
  • Construction started in November 2013 with substantial completion by the end of 2019

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