News: Brokerage

Lendlease and Extell top out
50 West 66th St. residential tower

Shown (from left) are: Justin Peters (Lendlease); David Rothstein (Extell); Steve Caputo (Lendlease); Scott Hamburg (Lendlease);
Jake Miola (Extell); Ryan Masters (Extell); Steven Sommer (Lendlease); Dominick Azzolini (Extell);
and John Barrera (Lendlease).

Manhattan, NY Lendlease’s New York construction group has topped out 50 West 66th St., a residential tower on the Upper West Side. Developed by Extell Development and due to be complete in 2026, the high-rise will house 127 condominiums and 50,000 s/f of amenities.

Lendlease provided pre-construction services ahead of the tower’s groundbreaking and is serving as construction manager for the development, which is situated between Lincoln Center for the Performing Arts and Central Park.

Designed by Snøhetta, residences at 50 West 66th St. range from two-bedroom floor plans to full-floor penthouses. The residential tower features park, river and skyline views, with building interiors designed by AB Concept and Shamir Shah Design. SLCE Architects served as architect of record.

The below-grade amenity suite includes a swimming pool, spa, fitness center, full-size basketball and pickleball court, squash court, bowling alley, gaming room and golf simulator. Additional amenities include an event space, resident lounge, business center and outdoor terrace with pool and hot tub on the 20th floor.

Lendlease has provided construction management services for Extell on several New York projects, including Central Park Tower, a 1.2 million s/f luxury high-rise completed in 2022 that is the tallest residential building in the world; One57, a hotel and condo building that opened in 2015; Brooklyn Point, the final structure in the City Point development complex and, at the time of its completion in 2015, the tallest skyscraper in Brooklyn; and 680 Madison Ave., a hotel-to-condo conversion that delivered in 2014.

“We’ve been fortunate to work with Extell on a number of notable buildings, and 50 West 66th St. is the latest to enhance New York City’s iconic skyline,” said Steven Sommer, executive general manager and president, east coast construction, Lendlease Americas. “With its distinct character and highly visible location, 50 West 66th St. will prove to be a landmark for this city, and it has been rewarding to leverage our expertise in urban infill development to bring this project to life.”

“This significant construction milestone brings us one step closer to completing this iconic new property. 50 West 66th St. is the result of a remarkable collaboration with Lendlease and some of the world’s most talented architects, engineers and designers in the world,” said David Rothstein, EVP of construction, Extell Development Company. “Extell has a reputation for creating luxury properties which offer the highest quality of construction, floor plans, finishes, amenities and views, and 50 West 66th St. will bring the same level of excellence and luxury to Manhattan’s Upper West Side.”

MORE FROM Brokerage

CM&B completes 15,000 s/f Activate Games NYC debut in Union Square

Manhattan, NY Construction Management and Builders, Inc. (CM&B) has completed construction of Activate Games’ first US flagship store in New York City, transforming a historic Union Square retail destination into a 15,000 s/f active gaming experience where players become part of the game.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

Hunt commercial real estate question and answer: The total cost of relocation - by David Hunt

You have a right to be concerned. I am always surprised at the companies that will negotiate the price of their new facility down to the last dollar, without thoroughly analyzing their
Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence in lending - by Lindsay Mesh Lotito

Artificial intelligence (AI) is beginning to help transform lending by enhancing decision-making, improving risk management and streamlining operations. With AI-powered tools that analyze vast amounts of data, lenders are able to assess borrower creditworthiness more accurately and efficiently. AI can evaluate a wide range of factors,
The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking
New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

New York’s streets are full again, and the retail numbers prove it - by Noam Aziz

Walk down any New York block this year and you can feel it. The sidewalks are crowded, the storefronts are lit, and the energy that defines this city is back at full volume.