[TonyNYC]

"It was put on hold after they lost their anchor tenant, due to the financial crisis. And it hasn't been built because Vornado hasn't committed to doing so".


It wasn't built because they could not land another anchor tenant.. nothing to do with Vornado's lack of commitment.


"Well, did it bode well for the Hudson Yards to rezone for 30 msf? Did it bode well for midtown east to rezone for massive office towers there? There are always critics who say what "you don't need", as they did with those rezonings. And yet here we are, watching towers get built in both districts. That's why I'm so happy that we have people in place that know you have to plan for these things - that planning takes years - and won't sit around waiting until there is a need to find locations where you can suddenly put up massive office towers. That's now how a world class city operates. There will always be new office towers in New York City. What there won't always be is new land on which to build them. That's where the zoning comes in, and why you ignore the critics who only think in terms of today, and not the future.[/QUOTE]"


There was a need for the 30 MSF of the Hudson Yards as midtown's office building stock aged. There was very few new towers going up over the decades. The reason for the rezoning of Midtown East is a prime example of old stock and a need for new office buildings.

By the time these Empire Station Towers rise, they will be way behind the 8 ball with the Hudson Yards 30 MSF+ complete and a list of supertalls built out in Midtown East, another 20-25 MSF (1 Vanderbilt, Roosevelt hotel, Commodore Hotel, 270 and 350 Park, 343 Madison, etc).

That's 50- 60 MSF of new office space that will beat Empire Station to the punch.. there is only so many anchor tenants to go around to gobble up millions of SF!