Extell Believes! Plans 112 New Condos

Gary Barnett still believes in the New York City condo market.

On April 3, Mr. Barnett’s Extell Development filed plans with the city for a 13-story, 54-unit residential building at 147 West 21st Street. Then, on April 8, Extell filed plans for an 18-story, 58-unit building at 225 West 58th Street.

The moves demonstrate a rather comforting confidence in what is generally thought to be an ailing marketplace.

In recent first-quarter reports, Corcoran and Douglas Elliman estimated...

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