Extell Hires New CEO From Westbrook As Gary Barnett Steps Back

217 West 57th St., Central Park Tower
Courtesy of Extell Development
A Rendering Of Central Park Tower At 217 West 57Th St.

The developer behind some of the city’s most high-profile luxury residential developments has tapped a new chief executive as it looks to deliver on its ambitious pipeline.

Extell Development Co. has hired Sush Torgalkar, previously the chief operating officer and managing principal of Westbrook Partners, as CEO and president, the firm announced Tuesday.

Extell founder Gary Barnett will stay on as chairman, working alongside Torgalkar, according to a release.

“I met Sush over 13 years ago when we partnered with Westbrook Partners on two Upper East Side projects — 995 Fifth Avenue and The Lucida. He has proven himself to be a leader with strong relationships in the capital markets and a keen understanding of the real estate industry,” Barnett said in a statement. “As one of the most active developers in New York City, we are confident he will bring his outstanding experience to Extell.”

Torgalkar, who has two decades of real estate industry experience, said he was “honored and energized” to be joining Extell.

“I am grateful for the opportunity and experience I received at Westbrook which prepared me for this next journey at Extell,” he said in a statement.

Extell has built some of the city’s priciest condominium buildings, including One57 — largely considered the building that started what is now known as Billionaires’ Row.

Extell is now developing Central Park Tower, set to be the tallest residential building in the world, and One Manhattan Square, a condo building on the Lower East Side due to open later this year.

Continue reading this story with a free account

Log in or register
Related Topics: Extell Development , Gary Barnett
Sign up for more articles like this
Subscribe to Bisnow's New York Newsletters
Related Stories

Bally's Lines Up $560M Loan For Bronx Casino: The N.Y. Deal Sheet

Data Center Spills 5,000 Gallons Of Fuel Into New Jersey River

Historic Brooklyn Hotel To Be Turned Into Ritz-Carlton-Branded Condos

Downtown Atlanta Improvement Group Picks Food Bank Chief As Next Leader

Trump's DEI Crackdown Is Creating New Risks For Landlords That Lease To The Government

Taconic Partners Sheds Another NYC Life Sciences Property

Oxford Properties' U.S. Investment Head On Why It's Buying Office Again — And Where

Brandon Johnson Seeks Second Term Amid Strained CRE Relationship

25 Years After 9/11, Lower Manhattan Is Finally Firing On All Cylinders

Tishman Speyer Seeks $92M Tax Break For Next Hudson Yards Office Tower

Former CBRE Exec Suing Brokerage Giant Over Age Discrimination, Whistleblower Complaint

D.C. Investor Behind The Stacks Swaps CEO For First Time In 25 Years