Extell, SMI USA JV to develop Central Park Tower

Vania Goncalves 16 Aug 2016 NORTH AMERICA BUILDINGS

Extell Development Company has partnered with SMI USA to develop a $3bn residential and commercial project in midtown Manhattan.

The 1,550ft-high Central Park Tower — to be located at 225 West 57th Street — is expected to be the tallest residential building in the Western Hemisphere when completed.

The project was designed by Adrian Smith + Gordon Gill Architecture — which designed the world’s tallest building, the Burj Khalifa in Dubai — and is set to house fashion retailer Nordstrom’s first New York store.

Gary Barnett, founder and CEO of Extell Development Company, said: “This strategic alliance with SMI brings together two international industry leaders with a track record of creating iconic global skyscrapers. SMI has developed the tallest building in Shanghai and we look forward to our partnership as we jointly develop the tallest building in New York City.

“We believe the superb location, views, design and quality of Central Park Tower will make it the most important residential building ever to be built in New York City and expect it to be a great success for Extell and SMI.”

The project is scheduled for completion in 2019.

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