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Extell Plan to Buy East Harlem Site Falls Through

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On Thursday, reports of Extell's plans to buy an East Harlem Pathmark supermarket at 160 E. 125th Street surfaced. Now, the neighborhood board that controls the site has denied making a deal, stating that negotiations are officially off the table.

Extell president Gary Barnett reportedly bid $39 million on the property, but the eight-member board of the East Harlem Abyssinian Triangle Corporation was split on whether to follow through with the deal. On April 10, board president Hannah Brockington confirmed that the deal was off, as board bylaws require a resolution within five days of a deadlock. Brockington wrote in a letter that selling the site would be "detrimental to our community," with some board members questioning Extell's commitment to providing affordable housing.

The project would have been Extell's first in Harlem.
· "DEVELOPING STORY: East Harlem group head says there's no deal to sell property to Extell" [NYDN]
· Extell coverage [Curbed]