# Gary Barnett’s Extell on development rampage in Manhattan

- URL: https://talkfuse.com/story/gary-barnetts-extell-on-development-rampage-in-manhattan/
- Published: 2026-11-15T19:46:08+00:00
- Updated: 2026-11-15T20:23:32+00:00
- Original publisher: New York Post (publisher lean: Right)
- Original article: https://nypost.com/2026/11/15/business/gary-barnetts-extell-on-development-rampage-in-manhattan/
- Topics: Software, Technology, World

## Key points

- Extell is pursuing a broad slate of Manhattan developments.
- The Torch secured $1.1 billion in construction financing.
- Recent purchases support plans for several major towers.

## Summary

Extell Development, led by Gary Barnett, is advancing a wide range of projects and property acquisitions across Manhattan, from hotels and medical facilities to very tall residential and mixed-use towers. The activity highlights the company’s expanding influence in the city’s development pipeline, despite criticism from rivals who describe Barnett’s approach as ruthless.

The projects include the 1,067-foot Torch hotel, now at 40 storeys, backed by a $1.1 billion construction loan and expected to be completed in 2028. Extell has also bought several sites and air rights, including a First Avenue tenement for $27.9 million and Sixth Avenue property for $18 million, while plans include an 86-storey Upper West Side building and a possible 1,130-foot tower near the Wellington Hotel.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.