Despite near record-high office vacancies, Gov. Kathy Hochul has backed a real estate project at the New York transit hub that would be one of the largest in American history. Source: New York Times
Posts published in “Vornado Realty Trust”
What to Know About Penn Station’s $7 Billion Redevelopment Plan
By Gotham Rex on July 21, 2022
The project promises to update the notorious eyesore but critics of the plan are concerned about the cost. Source: New York Times
Taxpayers May Foot Bill for Penn Station Revitalization, Report Says
By Gotham Rex on May 9, 2022
New York State wants to rebuild the transit hub in Midtown Manhattan and pay for the improvements through a larger real estate development. Source: New York Times
Hochul Amassed a Campaign Fortune. Here's Who it Came From.
By Gotham Rex on January 20, 2022
Gov. Kathy Hochul’s record-setting $21.6 million in donations flowed from a who’s who of New York’s special interests. Source: New York Times
Faster Buses on 5th Avenue? Not if Business Leaders Get Their Way.
By Gotham Rex on October 26, 2021
A busway in the heart of Manhattan is now uncertain after a major real estate developer expressed opposition to the plans to Mayor Bill de Blasio. Source: New York Times
To Save Penn Station, New York Wants to Build 10 Skyscrapers
By Gotham Rex on May 5, 2021
The state says revenue from the new towers can finance the rebuilding of the rail terminal. But the pandemic has upended the need for office space. Source: New York Times
Remote Work Is Here to Stay. Manhattan May Never Be the Same.
By Gotham Rex on March 29, 2021
New York City, long buoyed by the flow of commuters into its towering office buildings, faces a cataclysmic challenge, even when the pandemic ends. Source: New York Times