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Originally Posted by hunser
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It isn't permanently cancelled. Vornado decided to renovate the hotel, because they haven't found an anchor tenant for the tower.
But the project is alive in the long term. They still have the air rights and the transit easement. But if they're renovating, it will probably be many years, until the next cycle, until they develop this site.
Or maybe they want to keep the hotel and put the tower on the Manhattan Mall site? Who knows; we'll have to wait and see.