Search Results for: Business Improvement District

Vornado’s 1,200-foot Penn Plaza tower approved

The City Council approved Vornado Realty Trust’s proposed 15 Penn Plaza commercial tower across the street from Penn Station in Manhattan.

Opponents raised concerns about impact on Empire State Building, while the Council focused on Vornado’s participation in Minority- and Womenowned Business Enterprise program. On August 25, 2010, the City Council approved Vornado Realty Trust’s proposal to construct a commercial tower rising approximately 1,200 feet on Seventh Avenue between West 32nd and 33rd Streets in … <Read More>

Commercial tower at 15 Penn Plaza approved

Proposed site of 15 Penn Plaza. Image: CityLand

Proposal would replace Hotel Pennsylvania with 2.1 million sq.ft. tower and reopen Gimbels underground passageway. On July 14, 2010, the City Planning Commission approved Vornado Realty Trust’s proposal to build a large commercial tower, known as 15 Penn Plaza, on Seventh Avenue between West 32nd and 33rd Streets in Manhattan. The site is occupied by the Hotel Pennsylvania, which Vornado would demolish in order to build its … <Read More>

Council negotiates modifications to 125th Street rezoning

Council Members Dickens and Jackson defend plan despite vocal opposition from local residents. On April 30, 2008, the City Council modified the Department of City Planning’s plan to rezone the 125th Street corridor, a 24-block area in the Harlem section of Manhattan.

The plan will rezone large portions of the east and west ends of the corridor to encourage arts, entertainment, and retail uses. The plan will also impose height limits, street wall continuity requirements, … <Read More>

IDA approves $46M in tax and other benefits

Proposed office tower for 125th St. Image: Swanke Hayden Connell Architects.

Major League Baseball project in Harlem is among the beneficiaries. On March 6, 2008, the New York City Industrial Development Agency held a public hearing on proposed public subsidies to private entities, including a joint venture between Vornado Realty Trust and California Urban Investment Partners. The joint venture was established to build a 21-story office tower on 125th Street and Park Avenue, directly southwest … <Read More>