Real Estate

Gary Barnett hits the slopes in search of a new market

therealdeal.comRiverside South. Billionaires’ Row. Two Bridges. Park City… Utah? Gary Barnett, one of the biggest names in New York City real estate, is bringing his glitzy touch to the powdered hills out west.

More than 2,000 miles away from his offices on Third Avenue, the Extell Development president has been quietly buying up acreage just outside Park City for a hotel/condo project near one of the area’s expanding resorts, The Real Deal has learned.

In January 2015, Barnett bought about 40 acres adjacent to luxury Deer Valley ski resort just outside Park City, property records in Wasatch County show. (Utah is a non-disclosure state, so the purchase price was not revealed.)

Categories: Real Estate

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