The Commercial Observer is reporting that Extell Suspends Construction on Central Park Tower, Not Brooklyn Point. In the article of the same name, Chava Gourarie cites the Corona Virus as cause for the pause but acknowledges that other developments by the same developer continue. Elsewhere on the site, there are concerns over foreign funding such as default from the Tel Aviv Stock Exchange, also reported by Commercial Observer.
As we watch the situation closely, we hope that all involved from contractors to developers, investors and everyone in between remain healthy and safe. What implications this may have for funding at West 66th Street remains to be seen.