Extell in Talks to Buy Midtown Church Property
October 13, 2014

The developer of the One57 condominium project that soars 90 stories above Central Park is negotiating to purchase another development parcel just a couple of lots away—at the current site of Calvary Baptist Church.

Gary Barnett ’s Extell Development Co. is in talks with Calvary Baptist, which owns its church building and the Salisbury Hotel, both at 123 W. 57th St., according to documents posted on the church website and available in its lobby.

A report in September from the church board to its membership says the church has signed a letter of intent with Extell that allows the board to begin negotiations with the company regarding potential redevelopment of the church’s property.

Public records show the church and hotel together occupy about 191,000 square feet.

The church’s documents say that FXFOWLE Architects and Extell’s architectural team are working together to present a design concept. The church also said in documents that it had hired London-based Savills PLC—which recently acquired New York’s Studley Inc.—as its broker, and Fried, Frank, Harris, Shriver & Jacobson LLP as its attorneys...

Extell in Talks to Buy Midtown Church Property

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