Quote:
Originally Posted by NYguy
The Church was there before Penn Station was built. Yet it would have been torn down if at the time they thought they needed to. They go into specifics about the church, and other structures that will be demolished. But yeah, you would rather have it around for decoration. If it is what stands in the way of the expanded station, then yes, it is decoration. You see, that church is not essential to the fabric or existence of New York City.
Madison Square Garden, garbage though it may be, is far more essential to the city than that church. And where exactly would you move it? All the talk of moving the Garden is all fantasy at this point. The last, best option was to move it into the Farley building, and that opportunity was blown.
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We are looking at somewhere around 16 million SF of office space here on the 7 Sites.. are they planning on building without anchor tenants?
15 Penn was put on hold since the financial crisis, ten years and counting because they haven't landed an anchor tenant. That building was only 2 mill sf.. with no anchor tenant.
16 million SF of new office space.. Sounds like wishful thinking that these buildings will get built especially with the continued build out around the Hudson Yards, 4 supertalls still in construction
coming online within a year or two.
Then you have the rezoning/upsizing going on around Grand Central.. 1 Vanderbilt, 270 Park, 350 Park, 343 Madison, Roosevelt and Commodore Hotel sites..
Doesn't bode well for the Empire Station office market..
Will the City need another business district with that much new office SF?