Extell seeks $3.8B financing for Upper West Side supertall
Extell Development’s Gary Barnett is seeking roughly $3.8 billion in financing for a planned supertall on the Upper West Side. JPMorgan Chase is reportedly in talks to lead the loan package, which would rank among the largest ever. Extell has filed plans for an 86-story tower at 80 West 67th Street with about 430 residential units.
Extell Development, under Gary Barnett, is pursuing approximately $3.8 billion in financing for a planned Upper West Side supertall. JPMorgan Chase is said to be negotiating to lead the financing, a package that would be among the largest on record.
Extell has submitted plans for an 86-story building at 80 West 67th Street with roughly 430 residential units. The proposed loan’s scale highlights how major real estate projects can hinge on substantial lender support.
If realized, the project could affect Upper West Side residents through construction activity, added density, and demand for local services. It may also shape perceptions of housing supply and development in the area. Lenders and the developer could face financial exposure if the financing or project does not proceed as planned. Broader debates over neighborhood scale and housing needs may intensify, though actual impacts would depend on details not yet disclosed.