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Extell Plans Disarmingly Short Central Park South Tower

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Extell chief Gary Barnett is expanding his hold on the area south of Central Park. The One57 and Central Park Tower developer has filed plans for a new 18-story, 41-apartment building at 134 West 58th Street between Sixth and Seventh avenues. According to TRD, plans filed on Thursday indicate that the new structure will be a small one for Extell, coming in at a measly 52,000 square feet—by comparison, One57 is a bit more than 800,000. The development company purchased the site's existing 15-story, 121-unit rental building for $39 million in 2008.

The building will be divided into two apartments on the ground floor, three apartments on floors two through 12, and one apartment each on floors 13 through 18. Isaac & Stern is listed as the building's architect of record. The Real Deal says the filing suggests that Extell's move to purchase the nearby Calvary Baptist Church at 123 West 57th Street and its bevy of air rights may have fallen through. YIMBY notes that Extell purchased $28.6 million of air rights from Calvary in 2009, and a source told the blog in May that Extell still has thousands of square feet or unused air rights remaining from deals ahead of One57. Regardless, the development company has worked air rights rejiggering miracles in the past, so whether or not the plans on record are representative of what will come to the site is yet to be seen. After all, 57th Street and its surrounds are the mecca of supertall towers for a reason.
· Extell plans 18-story Midtown resi building [TRD]
· All 134 West 58th Street coverage [Curbed]