New York City, January 16, 2026
Extell Development has secured approval to demolish a building on the ex-ABC/Disney campus on Manhattan’s Upper West Side. The project will introduce a nine-story residential complex with 90 apartment units, part of broader plans to enhance housing options in the neighborhood. This initiative underlines New York’s ongoing efforts to address housing shortages, improve community infrastructure, and stimulate private investment in real estate. Community reaction is a key aspect of this redevelopment, with hopes for increased jobs and local engagement.
New York City, NY
Extell Development to Transform Former ABC Campus into Housing
New Projects Aim to Revitalize Manhattan’s Upper West Side
Extell Development has received the green light to demolish a building located on the former ABC/Disney campus on Manhattan’s Upper West Side, signaling the beginning of a significant redevelopment initiative. The plan includes the construction of a new nine-story residential complex featuring 90 apartment units. This project is part of a larger ambition to convert the site into a vibrant mixed-use residential area, ultimately enhancing housing availability and contributing to the community.
Set to commence in the coming weeks, the demolition will pave the way for construction activities that are projected to kick off shortly thereafter. With an estimated completion timeline of two to three years, this initiative reflects the entrepreneurial spirit and resilience that characterize New York’s real estate market.
Details of Extell Development’s Plans
Extell, a notable player in the real estate sector led by founder Gary Barnett, acquired the former ABC campus in 2022 for approximately $931 million. Following this strategic purchase, plans were filed for multiple new residential buildings on the site, including:
- A nine-story, 50-unit residential building located at 30 West 67th Street.
- A seven-story, 31-unit building at 7 West 66th Street.
These proposals were submitted to New York City’s Department of Buildings in December 2024. Beyond these developments, Extell is also planning a significant 25-story residential tower with 58 units at 37 West 66th Street and has proposed a towering 90-story skyscraper at 77 West 66th Street, which would become the tallest building in the neighborhood. Such expansions not only reflect private investment but also hold the promise of community enhancement through increased residential offerings.
Contributions to Housing Availability
The Upper West Side has long been an iconic and sought-after neighborhood in New York, yet housing availability has faced challenges. Extell’s new developments aim to address this, injecting vitality into the housing market. The introduction of more residential units can mitigate the current housing shortages, fostering a more balanced community where diverse demographics can thrive. The emphasis on creating residential spaces is particularly relevant in a city that has long dealt with real estate pressures.
Benefits of Limited Regulation for Development
In an environment where regulatory burdens can slow down construction and inflate costs, Extell’s progress illustrates the benefits that arise when a balanced approach to regulation is maintained. By facilitating innovation and allowing private developers to undertake ambitious projects, New York can prioritize economic growth while ensuring that housing needs are met.
Community Reception and Future Implications
The community response to Extell’s plans has been a focal point of discussion. Supporters emphasize the potential for new jobs and improved infrastructure, while also recognizing the need for sustainable growth. Engaging local residents in conversations about development can lead to positive discourse, enabling a cooperative effort to shape the future landscape of the Upper West Side.
Conclusion
Extell Development’s ambitious plans for the former ABC campus epitomize the entrepreneurial spirit that drives New York City’s economy. As the demolition approaches and construction gears up, the potential for enhanced housing options grows. This can act as a keystone in revitalizing the Upper West Side, addressing longstanding housing concerns while fortifying economic growth through private investment. Community engagement, coupled with thoughtful development, may pave the way for a prosperous future. It’s an opportunity for local stakeholders and residents to stay informed and supportive of initiatives that shape their neighborhoods.
Frequently Asked Questions (FAQ)
What is Extell Development’s plan for the former ABC campus?
Extell Development plans to demolish existing structures on the former ABC/Disney campus to construct multiple residential buildings, including a nine-story, 90-unit apartment complex, a 25-story, 58-unit tower, and a proposed 90-story skyscraper at 77 West 66th Street. These developments aim to revitalize the Upper West Side by adding new housing options.
When is the demolition and construction expected to begin?
Demolition of the existing building is set to commence in the coming weeks, with construction of the new nine-story, 90-unit residential building expected to begin shortly thereafter. The entire project is anticipated to be completed within the next two to three years.
What other developments is Extell planning in the area?
In addition to the nine-story, 90-unit residential building, Extell is planning a 25-story, 58-unit tower at 37 West 66th Street and has proposed a 90-story skyscraper at 77 West 66th Street, which would become the tallest building in the neighborhood. These projects are part of Extell’s broader strategy to enhance the residential offerings on the Upper West Side.
| Project | Description | Location | Completion Timeline |
|---|---|---|---|
| Nine-Story Residential Building | 90-unit apartment complex | 30 West 67th Street | 2-3 years from start of construction |
| 25-Story Residential Tower | 58-unit residential building | 37 West 66th Street | Timeline to be announced |
| Proposed 90-Story Skyscraper | Potential tallest building in the neighborhood | 77 West 66th Street | Timeline to be announced |
Now Happening on X
- @NYBizJournal (Jan 16, 2026): Extell Development has won approval to tear down a building on Manhattan’s Upper West Side for a residential project with dozens of studio apartments. View on X
- @6sqft (Jan 12, 2026): Extell adds a 25-story tower to the Upper West Side’s former ABC campus redevelopment. View on X
- @NextHomeRes (Jan 14, 2026): Chetrit and Stellar face foreclosure on Upper West Side property amid ongoing real estate challenges. View on X
- @uppereastsiteny (Jan 15, 2026): A developer is accelerating demolition of buildings on an Upper East Side corner for a planned 53-story tower. View on X
- @zerohedge (Oct 19, 2025): Discussion on the Upper West Side running out of new homes despite high prices and economic pressures. View on X
- @WalksWallstreet (Dec 24, 2025): Spotlight on Extell founder Gary Barnett and the One57 building as a key development on Billionaires’ Row. View on X
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