Gary Barnett is bulking up again in Midtown. The Extell founder is in contract to buy a prime development site at 405-415 Park Avenue, along with a chunk of air rights from nearby Central Synagogue, according to people familiar with the deal. Barnett is also in negotiations to acquire an adjacent office building at 110 East 55th Street, potentially stitching together what could become one of the most significant new assemblages in Midtown. The Park Avenue sites are controlled by two ownership groups that have been quietly marketing the properties for either a sale or recapitalization. A joint venture between […]
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