The ambitious developer’s plans for the historic property one block south of Carnegie Hall were unknown.
But sources said that Extell’s move, when completed, will be just one of a complicated set of transactions with “many moving parts” that might include air rights for a much larger building than the 27-story Wellington, which has a mere 207,000 square feet on a 22,000 square-foot corner lot.
It was understood that a new hotel will likely be part of any new tower and that Born will remain a partner in the project.in December 2021 when a demolition clause forced restaurants Molyvos and Park Cafe to close. The hotel went dark but no plans have yet been filed with the Department of Buildings.International Gem Tower on West 47th StreetGary Barnett’s Extell is paying $94.4 million to buy the leasehold of the former Wellington from Richard Born’s BD Hotels.
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