Based on the preceding update, you may be asking “… who is Extell Development and do they have the capacity to pull this all together?” As a brief overview of their extensive portfolio, Extell has developed and/or owns 32 New York properties, including One 57 (New York City’s tallest residential tower), the Carlton House, and the Park Hyatt, among others. They also own and operate the iconic Four Seasons Vail.

For additional details, you should take a moment and go to their website:  https://extell.com/.  And then to this link, which while written just over a year ago, gives an accurate 3rd party review of the Mafflower transaction:  https://therealdeal.com/2016/05/24/gary-barnett-hits-the-slopes-hunts-for-a-new-market/.