Vornado Realty Trust

Vornado’s 15 Penn Plaza project begins public review

Single-tenant building option for Vornado Realty Trust’s 15 Penn Plaza site. Image: Courtesy of Pelli Clarke Pelli Architects.
Multi-tenant building option for Vornado Realty Trust’s 15 Penn Plaza site. Image: Courtesy of Pelli Clarke Pelli Architects.

Proposal includes options for single- and multi-tenant building on site currently occupied by the Hotel Pennsylvania. On February 8, 2010, the City Planning Commission certified Vornado Realty Trust’s application to build a 2.05 million sq.ft. office tower at 15 … <Read More>

Scoping hearing held for Vornado’s 15 Penn Plaza site

Vornado exploring new development options for current site of Hotel Pennsylvania. On January 27, 2009, the Department of City Planning held a public hearing on the draft scope of an environmental impact statement for the proposed developments at 15 Penn Plaza in Manhattan. Bounded by Seventh Avenue to the west, West 33rd Street to the north, and West 32nd Street to the south, the Vornado Realty Trust-controlled property currently houses the 1700-room Hotel Pennsylvania.

In … <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>

Mall expansion approved

Mall to expand at Rego Park site once considered by Wal-Mart. On September 15, 2005, the City Council approved a text amendment, special permit and modification of a restrictive declaration to allow the expansion of the Rego Park Mall in Rego Park, Queens. Alexander’s Inc., the applicant, and Vornado Realty Trust, the developer, proposed a 1.8 million-square-foot project consisting of a 600,000-square-foot four-story mall with 1,416 parking spaces at the base and two residential towers … <Read More>