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Originally Posted by Hudson11
Penn1 looks great. Penn 2 looks absolutely ridiculous and like a waste of space.
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They're doubling down on a mistake that was made when this building was originally built. It's a wasted oppurtunity to give us something that at least
pretends to be a grand entrance to Penn Station, undoing some of the mistakes of the past. And I know that they wanted to do something grander here, but instead we have to settle for this. I'll say it, and keep saying it. It's the wrong place for this.
Quote:
In his annual letter to investors last month, Roth wrote that Vornado is considering tearing down 2 Penn Plaza and replacing it with a new tower. But during Tuesday’s call, he said that the development probably won’t happen after all because the company is having a hard time landing public subsidies to fund it.
“It does not appear that that plan is going to go forward and is feasible,” Roth said. Instead, the company will renovate the tower, give it a new facade and add 300,000 square feet near the base.
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Oh well.