City Planning rejects pleas to force ULURP on Two Bridges projects

Three projects planned for Two Bridges have narrowly dodged a lengthy land use procedure. The Department of City Planning rejected a request to require three massive towers to go through the Uniform Land Use Review Procedure (ULURP), which would have required the projects to get approval from the community board, the borough president and the […]

Extell further delays closing $463M in RXR financing

Extell Development has once again delayed its closing of $463 million in mezzanine financing from RXR Realty for One Manhattan Square and two other New York City projects. After the developer reported Sunday to the Tel Aviv Stock Exchange that it will fail to meet its already extended deadline of June 30, Israeli bonds backed by Extell’s U.S. […]

Hoping to keep the peace, Extell wraps One Manhattan Square in murals

Nicholas Forker’s mural at 250 South Street Extell’s One Manhattan Square project has thus far been fairly controversial, inspiring anti-gentrification protests and allegedly causing cracks in neighbors’ walls. But Extell has a solution: art. The developer of the planned 72-story tower at 250 South Street has installed murals around the block-long construction site on the […]