[NYguy]

I have to say, Extell has been on a tear lately. Anchor tenants for this tower (Chanel), the 5th Ave tower (Ikea), anchor tenant and financing for the Times Square observation hotel tower, the Wellington Hotel tower moving forward, good times for them.

Meanwhile, this guy is whining about the tower we haven't even seen yet...



https://nypost.com/2025/03/29/us-new...ell-penthouse/

Buyer shells out $80M for ritzy NYC penthouse— only to find out a new skyscraper will block stunning Central Park view





By Kathianne Boniello
March 29, 2025

A pair of NYC real estate titans duped a client into buying an $80 million Park Avenue penthouse with a stunning Central Park view — rushing the sale before news broke that a high-rise next door would ruin the vista, according to a lawsuit.

Arthur and William Lie Zeckendorf perpetrated “a brazen fraud” on the buyer of the five-bedroom, 6.5-half bath duplex at 520 Park Ave., the unidentified purchaser said in a Manhattan Supreme Court filing that seeks to undo the November deal.

The 8,300-square-foot Upper East Side home, complete with solarium, private elevator, balcony, and a fireplace, is billed as having “dazzling panoramic views from all four exposures,” according to a real estate listing.

Well-heeled residents of the Park Avenue building include former UFC-owning billionaire Frank Fertitta, who bought one of the building’s four penthouse duplexes in 2017; James Dyson, the billionaire founder of the Dyson appliance company; and Bob Diamond, former head of Barclays.

The full view of the Big Apple’s iconic green space is the duplex’s “defining feature,” the buyer, identified only as Park Ave. Condo LLC, said in the legal filing.

But a 37-story skyscraper with 62 units planned by Extell Development and Solil Management on several combined lots next door “is all but certain to ruin the Penthouse’s unobstructed Central Park view,” according to the lawsuit. It’s unclear when the new building is expected to be completed.

The Zeckendorfs learned about the new building “given their status as part of a small circle of New York City real estate insiders,” and understood “that if the public ever caught wind of the Extell-Solil development, the penthouse would never sell — and certainly not at an $80 million price tag,” the buyer alleged.

The current buyer voiced interest in the duplex in the fall. But the Zeckendorfs failed to alert the buyers to the “specific, existing risk that the penthouse’s west-facing Central Park windows would be obscured,” the buyer said.

Instead, the building’s offering plan mentioned only that the view was an amenity “that potentially can be lost” to future construction, according to the lawsuit.

In addition to asking the court to let them ditch the penthouse, the unidentified buyer is seeking unspecified damages.

The Zeckendorfs are famed for developments such as 15 Central Park West, nicknamed “Limestone Jesus.” Current and past residents of the condo tower include Goldman Sachs CEO Lloyd Blankfein, Robert De Niro, Denzel Washington, and Alex Rodriguez.