Extell Gives Art Students League a Deadline: Approve Cantilever by Wednesday or Lose $31.8 M. Deal

By February 12, 2014 10:25 am
reprints

Extell’s controversial plan to cantilever a 1,424-foot skyscraper at 217 West 57th Street over the Art Students League, which won city approval last fall, will be abandoned if the League’s members reject the deal at a vote tonight, according to the developer. Extell has promised to walk away from the deal, which would net the League $31.8 million, and move forward without the cantilever, if the League does not reach an agreement by Wednesday night.
Read More

SEE ALSO: Sunday Summary: Did Somebody Just Say ‘a Trillion Dollars’?

215 West 57th Street, 217 West 57th Street, air rights, community board 5, developments, Gary Barnett, infrastructure, landmarks, One57, Student Arts League, Extell Development Company
Lincoln Property Company's Rob Kane and Sam Pepper, and a rendering of the updated plans for the CMNTY Culture Campus project in Hollywood.
Design + Construction  ·  Architecture
Los Angeles

Developers Plan Massive Hollywood Apartment Complex Instead of Office, Studios

By Nick Trombola
Red Lobster CEO Damola Adamolekun, and a Red Lobster menu.
Industry
National

Red Lobster Crawls Out of Bankruptcy After Being Acquired by New Investors

By Isabelle Durso
Sam Seiler.
Players
New York City

Sam Seiler Returning to CBRE After Six-Year Stint at JLL

By Mark Hallum