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Extell partners with Tennor Holding B.V.

Extell announced that it has teamed up with Tennor Holding B.V., a global investment firm, to co-develop 50 West 66th Street, according to The Real Deal. Upon completion, the 775-foot condo tower will feature 127 units. 

  • Worth Noting: It’s not immediately clear what the partnership with Tennor means for Extell’s earlier partners, Megalith Capital and Kazakh private-equity fund Meridian Capital Limited. 
  • Dig Deeper: The project was cleared to continue construction after facing pushback with respect to 160 feet of empty mechanical space. In January the Board of Standards and Appeals upheld the DOB’s approval overruling a local preservationist group’s challenge that argued the development project violated zoning laws. [TRD]

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