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Extell's 57th Street Dominance May Continue With Church Buy

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Extell may be bringing another tower to 57th Street, where their domineering One57 already so noticeably stands. The Wall Street Journal reports that the development company is in talks with the Calvary Baptist Church to purchase the congregation's building at 123 West 57th Street near Sixth Avenue, which is also home to the church-owned Salisbury Hotel. The church has occupied the building on 57th Street since 1883, but it is not landmarked meaning that Extell, who has brought on FXFOWLE to develop a design, can have their way with it if the deal goes through.

The current structure occupies about 191,000-square-feet. In a 2009 $28.6 million deal, the church sold more than 30,000 square feet of development rights from the property to Extell for the development of nearby One57. While Extell's intentions for the property are relatively unclear—but really, when do they not want to build an expensive, flashy tower?—it seems too serendipitous a location for the company not to adjoin the property to the adjacent 134 West 58th Street, which they also own.
· Extell In Talks to Develop Midtown Church Property [WSJ]
· Mapping the Many Extell Projects On the Rise in Manhattan [Curbed]
· All Extell coverage [Curbed]