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  #2401  
Old Posted Jul 8, 2026, 7:46 PM
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Vornado files for demolition on the next block…


https://therealdeal.com/new-york/2026/07/08/new-york-citys-top-construction-permits-july-3-2026/


Quote:
The largest demolition project filed last week was in Midtown, where Vornado Realty Trust plans to knock down four properties at 425 to 431 Seventh Avenue. The buildings measure a total of 29,300 square feet. Thomas Tagliano is the project’s engineer.


(The 4 in the center)









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  #2402  
Old Posted Jul 8, 2026, 11:09 PM
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Vornado must acquire that vile corner building. It's the Achilles Heel of the stretch.

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  #2403  
Old Posted Jul 11, 2026, 1:44 PM
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The City should partner with Vornado to build something like this on the execrable block between 33rd and 34th on the east side of Seventh. The City could exercise eminent domain to acquire the block’s Achille’s Heel on the northeast corner of 33rd and 7th.

https://www.newyorkyimby.com/2026/07/thr...th-avenue-in-hudson-yards-manhattan.html



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  #2404  
Old Posted Jul 11, 2026, 3:40 PM
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Quote:
Originally Posted by ChiND View Post
The City should partner with Vornado to build something like this on the execrable block between 33rd and 34th on the east side of Seventh. The City could exercise eminent domain to acquire the block’s Achille’s Heel on the northeast corner of 33rd and 7th.
There is already a plan for a tower in place for the site.
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  #2405  
Old Posted Jul 11, 2026, 4:28 PM
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Originally Posted by NYguy View Post
There is already a plan for a tower in place for the site.
The plan should move forward ASAP, and the city should exercise eminent domain to acquire whatever Vornado does not own.
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  #2406  
Old Posted Jul 11, 2026, 4:48 PM
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Vornado is building new 3-story retail buildings on all of the buildings except for the holdout/33rd St corner site and targeting higher end retail, it will also similarly demolish the west side of 7th avenue for new retail structures.

They are nowhere close to building an office building here or on the west side of 7th avenue, call it 10-20 years from now- maybe. They have talked about the Penn 15 site for 20 years now.. Vornado may be fine stewards of their properties, but they are not proactive with their portfolio.

https://www.6sqft.com/vornado-and-newmark-to-expand-penn-district-with-more-retail/
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  #2407  
Old Posted Jul 12, 2026, 5:34 PM
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Quote:
Originally Posted by ChiND View Post
The plan should move forward ASAP, and the city should exercise eminent domain to acquire whatever Vornado does not own.
Quote:
Originally Posted by JSsocal View Post
Vornado is building new 3-story retail buildings on all of the buildings except for the holdout/33rd St corner site and targeting higher end retail, it will also similarly demolish the west side of 7th avenue for new retail structures.

They are nowhere close to building an office building here or on the west side of 7th avenue, call it 10-20 years from now- maybe. They have talked about the Penn 15 site for 20 years now.. Vornado may be fine stewards of their properties, but they are not proactive with their portfolio.

https://www.6sqft.com/vornado-and-newmark-to-expand-penn-district-with-more-retail/

They will not build anything on that site before building 15 Penn. Low level, temporary retail (like on some if their other sites) is likely.

With regards to 15 Penn, 20 years to now are two different things. There’sca very particular market today with high demand vs. low supply. That (and the fact they had to demolish the placeholder) is why you’re seeing a push now.
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  #2408  
Old Posted Jul 26, 2026, 4:05 PM
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https://www.otdowntown.com/news/trump-ad...eeks-new-name-for-penn-station-LL6058519

Trump Admin Wants to Divert Property Taxes and Seeks New Name for Penn Station


MICHAEL ORESKES
25 JUL 2026


Quote:
The Trump administration for the first time publicly said it wants to divert New York City property taxes from development projects around Penn Station to help pay for its $8 billion plan to transform the station into a world-class rail hub.

…”New York Penn Station will be rebuilt into a brand-new, world-class station,” Duffy told the Senators.

He asked them to help by authorizing “an additional $1 billion” for design and construction work on the new station. Additionally, he asked the Senators to incorporate into transportation legislation an amendment that would give Amtrak authority to collect what are known as PILOTS, payments in lieu of taxes, from development projects around Amtrak stations.
Quote:
…..at the time no official put their name to the plan nor did they identify specific development projects, although sources said the prime focus was on a luxury office tower Vornado Realty wants to build across Seventh Avenue, on the site of the Pennsylvania Hotel, which Vornado tore down.

Vornado, the largest property owner in the neighborhood, is a part of Penn Transformation Partners, the consortium that won the competition to be Amtrak’s private partner in redeveloping the station.
Quote:
The concept of diverting local property taxes to rebuilding Penn Station was original proposed by then Governor Andrew Cuomo, who drew up a plan, known as the GPP, to build as many as ten office towers and devote payments from them in lieu of taxes to Penn Station.

The Vornado tower on the Penn Hotel site was one of the new buildings in the GPP.

That plan is still officially on the books, although it stalled in large part because of the Covid induced real estate crash.
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  #2409  
Old Posted Aug 4, 2026, 7:14 PM
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I have not seen the transcript from today's earnings call. Was this project discussed?
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  #2410  
Old Posted Aug 5, 2026, 3:07 AM
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https://finance.yahoo.com/quote/VNO/earnings/VNO-Q2-2026-earnings_call-552053.html

Aug 4, 2026


Quote:
Ronald Kamdem
Analyst

I think you mentioned sort of two non-essential sales. I was just wondering, I think in the past, whether it was Hotel Penn or some other retail assets, just any thoughts on transacting on those. Thanks so much.

Steven Roth
Chairman and CEO

No, it's not Hotel Penn. Hotel Penn doesn't exist anymore, by the way. It's a piece of land which we consider to be the best development site in the West Side of Manhattan, and that's not for sale.
Quote:
Brendan Lynch
Analyst

Maybe just another topic, on signage. Is there a limit to how much signage you can add to the Penn District? I see that signage is up 5%. Is that mostly volume, or are you pushing price more aggressively?

Steven Roth
Chairman and CEO

I'll start and then Michael can finish. Basically, the thing that differentiates our signage business is that our signs go with the buildings that we own. We are almost all of the people in this sector, the signage companies, they rent space to put their signs. We don't. We own the space, our margins obviously are much higher. Since we own the prime space in Times Square, and we own everything in the Penn District, where there's enormous traffic, both from Madison Square Garden and the retail at Macy's, and Penn Station. We own those assets.

As we continue to develop in the Penn District, we will build more buildings. We're now totally changing the entrance of the Penn District on 7th Avenue and 34th Street. We're going to tear down the older buildings, we're going to build new buildings.

Those are signage opportunities. We're going to build a tower on PENN 15.
That's another signage opportunity, et cetera. The answer is that we love the business. It's asset light. New signs go along with our new developments.
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  #2411  
Old Posted Aug 8, 2026, 2:22 PM
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Not anything current, but you can see some ideas behind Vornado's planning in the Penn District....



https://www.alliesandmorrison.com/projects/the-penn-district

Quote:
The Penn District exemplifies Manhattan’s urbanity: tall buildings, the grid, the multi-layered cityscape. Anchored by Penn Station and Madison Square Garden, it is a prime location primed to offer more. So, the principal landowners of the area invited us to rethink how The Penn District could be a more inviting place. Following months of study and design development, we drew up proposals for a district-level vision, block-level strategies and building-level interventions. Rooted in the special character of New York, we envisioned a retrofit of the existing built and urban fabric at a memorable scale. A number of these ideas have been implemented.
Quote:
In urban architecture, designing buildings is only part of the challenge. True innovation lies in reimagining the interplay between buildings, spaces, and the people who inhabit them. Manhattan’s Penn District offers a compelling canvas on which to explore this. We were invited to explore how new development could be stitched into their land holdings around Penn Station. The brief was to find opportunites to reactivate forgotten spaces and to increase the area's value - at one of New York's busiest public transit hubs.
Quote:
As one of New York’s best-connected locations, it has the capacity to be one of the world’s most significant urban centres. One of the city’s prime transport hubs, Penn Station lies belowground (It has since been expanded above ground with the refurbishment of the Beaux-Arts Farley Post Office into Moynihan Train Hall). Madison Square Garden, one of America’s iconic venues sits within the milieu. Yet the surrounding office buildings were of an ageing stock, facing challenges of a disconnected pedestrian experience, underutilised public spaces, and a lack of cohesive character. It needed a refresh.
Quote:
The task was to imagine ways in which to reshape an underperforming area into a more dynamic place. We worked closely with and for Vornado Realty Trust to get under the skin of the area and develop ideas for architectural and public realm improvements that would redefine this essential Midtown Manhattan neighbourhood.

We drew inspiration from the geological bedrock that underpins the island’s iconic skyline, focusing on creating a series of interconnected experiences, bridging subterranean infrastructure with above-ground activity. This concept emphasised the importance of urban flows, the interplay of diverse building typologies and the stitching in of a new family of spaces that would collectively generate a vibrant, layered urban experience.

Despite its proximity to vibrant Broadway, The Penn District had long felt disconnected — a mere 1.5 blocks away, but a world apart. Our study sought to bridge these gaps, ensuring the area felt like a more cohesive piece of city.
Quote:
McKim, Mead & White’s Hotel Pennsylvania would retain one wing while others would be replaced by 250,000 sqft retail and entertainment space. Anchoring this transformation near major attractions like Macy’s and Broadway would create a destination that draws locals and visitors alike. New tall buildings that would expand the district’s floor capacity while harmonising with its ever-evolving skyline. Streetscape improvements focused on pedestrianising streets, such as 32nd Street, which would humanise the public realm and shift the axis to prioritise people over vehicles.










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  #2412  
Old Posted Aug 8, 2026, 3:28 PM
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C'mon Vornado, do the damn thing.
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  #2413  
Old Posted Aug 8, 2026, 6:29 PM
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will we miss this eyesore trash?

NO WE WON’T
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