Extell’s 69-Story Manhattan Luxury Tower Tops Out
The 775-foot-tall skyscraper is expected to be complete by 2026.
A rendering of 50 West 66th Street. Image courtesy of Extell Development Co.
Lendlease has topped out 50 West 66th Street, a 69-story, 127-unit luxury condominium tower being developed in New York City by Extell Development Co. and Tennor Holding that will be the tallest building on Manhattan’s Upper West Side.
The 775-foot-tall residential skyscraper, located between Lincoln Center for the Performing Arts and Central Park, is set for completion in 2026. Lendlease, which provided pre-construction services ahead of the groundbreaking, is serving as construction manager for the development. The global real estate group has worked with Extell on several iconic New York projects including Central Park Tower, a 1.2 million-square-foot luxury high-rise completed in 2022 that is the tallest residential building in the world, and One57, a hotel and condo building that opened in 2015.
Steven Sommer, executive general manager and president for east coast construction at Lendlease Americas said in a prepared statement that he expects 50 West 66th Street to be a landmark in New York City because of its distinct character and highly visible location.
Extell, led by Gary Barnett, announced plans for the condo tower in 2017. Construction was delayed by the COVID-19 pandemic and a lawsuit filed by the nonprofit advocacy group City Club of New York and several neighbors challenging the proposed height of the skyscraper.
In July 2020, Tennor Holding, a global investment holding company, acquired a major ownership share in the development and signed a joint venture partnership with Extell.
Two years ago, Extell secured $967 million in construction financing for the project. Bank OZK provided an $800 million senior loan and JVP Management provided a $167 million mezzanine loan, Commercial Observer reported. A few months later, in May 2022, the developers received city approval to move ahead with the project.
Luxury amenities
Designed by Norwegian-based architecture firm Snøhetta, it is the company’s first residential building design in the United States. SLCE Architects was the architect of record. Building interiors were designed by AB Concept and Shamir Shah Design.
Residences, which will have park, river and skyline views, will range from two-bedroom floor plans to full-floor penthouses. The building will have 50,000 square feet of amenities. An amenity space on the 20th floor will offer event space, a resident lounge, business center and outdoor terrace with pool and hot tub. A below-grade amenity suite will include a swimming pool, spa, fitness center, full-size basketball and pickleball court, squash court, bowling alley, gaming room and golf simulator.
