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Gary Barnett

Gary Barnett is the founder and chairman of Extell Development Company, a New York-based developer active in residential, office, hospitality and mixed-use real estate. Extell dates its founding to 1989 and describes a development platform spanning acquisition, financing, design, construction, marketing and management. Its projects include One57, Central Park Tower and One Manhattan Square, as well as the Deer Valley East Village resort development in Utah. Extell company overview and leadership · Extell company brochure

Updated

Known For

  • Founding Extell and developing landmark Manhattan properties including One57 and Central Park Tower.
  • Building the company’s business around acquisition, financing, development, marketing and management under one platform.
  • Expanding into hospitality and resort development at Deer Valley’s East Village in Utah.

Career and Focus

Extell’s corporate materials say Barnett worked internationally in the diamond industry before building the company, and that Extell was founded in 1989. The company reports more than 35 million gross square feet of past and future development; that combined figure includes planned projects and is not a measure of completed or owned space. Its portfolio spans high-rise housing, office, hospitality and mixed-use development. In Manhattan, One57 and Central Park Tower pair residences with hotel or retail uses, while One Manhattan Square is a large residential development on the Lower East Side. Extell company overview · Extell company brochure

Extell uses in-house teams for acquisitions, finance, development, design, construction and sales, and works with external capital partners on complex projects. Barnett’s expansion into Utah began with land acquisitions east of Deer Valley; the project evolved into Deer Valley East Village, where Extell invested in infrastructure and development as the ski resort expanded. The development contains hotels and residences as well as resort infrastructure, a different risk and operating profile from Manhattan towers. Extell identifies Barnett as founder and chairman, with Andrew Chung now president and co-CEO. The company’s stated square footage includes future projects as well as completed properties, so it should not be read as current owned inventory.

Related Pages

  • Investor People Hub
  • Extell Development Company
  • New York City Geography Hub
  • Mixed-Use Hub
  • Source: Top CRE Leaders Major US Cities

Sources