Gary Barnett finally buys out Podolsky brothers, ending years-long standoff at UES dev site
Gary Barnett has finally gotten his way on the Upper East Side. Barnett’s Extell Development paid $27.9 million to longtime landlords Jay and Stuart Podolsky for a 6,000-square-foot building at 1645 First Avenue, a property in the middle of his long-planned development site. The deal ends a years-long standoff between Barnett and the Podolsky brothers, who refused to let go of the property. Barnett declined to comment, saying, “It’s just a regular deal, no big deal.” “We have the whole site complete now,” he said. “I don’t know what I’m doing yet, so we’ve got to figure it out now.” […]
This article originally appeared on The Real Deal. Click here to read the full story.
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