Posted Mar 26, 2026, 12:50 AM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,622
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Quote:
Originally Posted by ChiND
I worked near there for a year or so, and as I recall, there was (and still may be) a meth clinic nearby. A lot of its “customers” hung out in that McD.
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What, so they shouldn't eat? I've only seen "normal" people in that McDonald's. It hardly matters though. Another McD's will likely replace that one when it closes.
Meanwhile, the new tower progresses...
https://www.crainsnewyork.com/real-estat...-buys-mcdonalds-for-12-million-20260325/
Vornado gobbles up McDonald’s, air rights near Penn Station
By
C. J. Hughes
March 25, 2026
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Vornado Realty Trust’s large apartment tower planned by Penn Station could potentially be getting even larger.
Over the last few weeks the developer has inked a series of deals near the corner of Eighth Avenue and West 34th Street that could give it tens of thousands of additional square feet for a high-rise planned at the site.
In the most high-profile transaction of the bunch, Vornado gobbled up a longtime and occasionally troubled McDonald’s restaurant for $12 million, according to a deed that appeared in the city register Tuesday. The 9,400-square-foot structure between West 34th and West 35th streets went into contact and closed the same day, March 19, the register shows.
Home to a movie theater in the early 20th century, the current one-story structure on the site was built in 1975, tax records indicate. It’s not clear when McDonald’s arrived in the building, and the Chicago-based company did not return an email for comment by press time.
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But McDonald’s bought the property for an unknown price in 1987, according to the register.
The 47-foot-wide parcel is adjacent to Vornado’s development site, a nine-lot assemblage the firm has put together over the past decade.
The McDonald’s property, part of a dense and bustling neighborhood, can accommodate a 325-foot tall spire and possibly an even taller one if affordable housing is included, based on current zoning.
The fast-food chain has close to 200 locations in the city and does not seem to be planning to turn off its fryers for good.
Documents filed in the register in tandem with the sale suggest the restaurant will be a tenant of Vornado’s going forward and also be guaranteed a retail berth in whatever Vornado builds at the site.
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Vornado, led by chair and CEO Steve Roth, also recently picked up nearly 66,000 square feet of air rights from a pair of properties that abut its development site. The firm snagged 31,000 square feet atop 260 W. 35th St. for $4.4 million and another 34,200 square feet over next-door 254 W. 35th St. for $4.8 million, according to Albert Sultan, the broker with the firm KSR who handled the deals for the sellers. Both sales closed March 18, he said.
The Haddad family sold the rights at 260 W. 35th, and the Cayre family was the seller at 254 W. 35th, according to the register.
In September Vornado told investors it planned to spend $350 million to construct a 475-unit tower at the corner, which faces the Madison Square Garden-Penn Station complex. It was unclear how the trio of recent deals factor into that plan. A Vornado spokesman declined to comment.
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This bit for ChiND
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Vornado’s new McDonald’s is infamous for rowdy behavior. For years the site was beset by drug-dealing, drug usage and drinking, based on numerous news reports. One patron lit a fire inside in 2018, while a customer stabbed another in 2021, the reports show.
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NEW YORK is Back!
“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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