Empire State Development

Vornado pauses plan to redevelop area around Penn Station

Rendering courtesy of Gov. Kathy Hochul’s office

February 16, 2023

Vornado pauses plan to redevelop area around Penn Station

The plan to redevelop the area around Penn Station with several new skyscrapers is officially on hold. During a conference call this week, Steven Roth, the chief executive officer at Vornado Realty Trust, the developer behind the project, said new construction is "almost impossible" because of current market conditions, as Crain's first reported.
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Policy

New York seeks proposals for new hotel or mixed-use development across from Javits Center

Photo by Ajay Suresh on Wikimedia

March 4, 2021

New York seeks proposals for new hotel or mixed-use development across from Javits Center

By Devin Gannon

New York on Thursday issued a request for proposals for a Midtown West site located directly across from the Javits Center. Referred to as Site K, the parcel at 418 11th Avenue is one of the last remaining vacant lots in the area. In the RFP, the Empire State Development requests proposals that could be a commercial or mixed-use development, with interest made in hotels that are "complementary" to the neighboring convention center.
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New Developments

July 19, 2017

New York State gets approved for $550M loan for new Moynihan Station

By Devin Gannon

The first phase of Governor Cuomo’s plan to revamp Penn Station wrapped up last month with two new entrances opening on the corners of West 31st and West 33rd Streets and Eighth Avenue. Plus, the West End Concourse was expanded and now boasts a new color scheme, LED screens and murals. Adding to the project's progress, the state was approved for a federal loan on Tuesday for up to $550 million for the second phase of the plan, which will convert the Farley Post Office across the street into Moynihan Train Hall, expanding Penn Station floor space by 50 percent, as reported by Politico NY.
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February 1, 2017

Lendlease-Turner selected as design-build team for $1.5B Javits Center expansion

By Michelle Cohen

A Lendlease-Turner Construction partnership has been chosen to coordinate and build the planned 1.2 million-square-foot expansion of the Jacob K. Javits Convention Center on Manhattan's far west side. Commercial Observer reports that the New York Convention Center Development Corporation, the entity that controls the state-owned venue, announced Tuesday that they had approved the team for the project, which is expected to cost $1.55 billion. Atlanta-based architecture firm tvsdesign is also part of the Lendlease-Turner consortium. According to the announcement, the winning proposal offered, "significant design, logistical and operational benefits, including increased atrium space, integrated public and support spaces and a commitment to maintaining current operations during all phases of construction."
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Real Estate Trends

December 2, 2016

State seeks proposals for massive development above South Bronx rail yard tracks

By Michelle Cohen

As the city's land costs rise, interest has been focused on the South Bronx, including the potential for a huge waterfront development above the MTA's Concourse Yards, as 6sqft previously reported. Now, Crains reports that Empire State Development (ESD) has invited developers to present offers for leasing or purchasing a 13-acre South Bronx rail yard along the Harlem River just north of the Willis Avenue Bridge and decking it over to build a residential or mixed-use project.
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Real Estate Trends

Empire State Development

Vornado pauses plan to redevelop area around Penn Station

New York seeks proposals for new hotel or mixed-use development across from Javits Center

New York State gets approved for $550M loan for new Moynihan Station

Lendlease-Turner selected as design-build team for $1.5B Javits Center expansion

State seeks proposals for massive development above South Bronx rail yard tracks

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