Posted Aug 5, 2025, 7:18 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 56,737
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NEW YORK | 460 8th Ave | FT | FLOORS
It looks like this one will be moving forward, possibly before 15 Penn starts to rise.
https://www.investing.com/news/transcrip...-trust-beats-eps-in-q2-2025-93CH-4171046
Earnings call transcript: Vornado Realty Trust beats EPS in Q2 2025
08/05/2025
Quote:
Steven Roth, Chairman and CEO, Vornado Realty Trust:
At Penn Penn we are creating a campus of multiple interconnected buildings under one ownership. We’re delivering exactly as we said we would and there is much more to come.
As a starter we are well along in the development process for a rental residential project on our Thirty-fourth Street site Catty Corner to the Moynihan Train Hall.
Next we are going to transform as much as 700 front feet of tired old retail on both sides of Seventh Avenue along Thirty-fourth Street into attractive modern and exciting retail offerings.
The gateway to Penn is Seventh Avenue at Thirty-fourth Street. This stretch across the street from Macy’s used to be a top three location and returning to that top three is our goal.
As I said before, the Penn District will be a growth engine for the company for years to come with rising rents and future development projects including the PENN15 site and potential residential opportunities.
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