But will Tower 1 necessarily be 1,346 feet tall, or could it be built higher and with a different shape?
It will be whatever you wish it, if you want it hard enough.
__________________ 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.
Feds support Midtown Bus Terminal makeover with $1.89 billion loan
By Barbara Russo-Lennon
January 14, 2025
Quote:
The Port Authority’s Midtown Bus Terminal is continuing its transformation journey, now with some major help from the federal government.
The U.S. Department of Transportation (DOT) announced on Tuesday that it has loaned the Port Authority of New York and New Jersey $1.89 billion to revamp and modernize the interstate agency’s bus terminal in Midtown, Manhattan. The loan will help fund the construction of bus storage, staging facilities, new ramps accessing the nearby Lincoln Tunnel and a 3.5-acre green space.
The announcement comes after the Port Authority received final and complete federal and city approval to proceed with the transformation project on Dec. 4, 2024. Construction will begin this year, Port Authority officials said.
The renovation projects are part of the first phase of the $10 billion plan for a new, 2-million-square-foot space for the 74-year-old bus hub. Port Authority capital is also funding the makeover, as future phases will also use revenue from future commercial development rights including NYC PILOT contributions.
The loan was listed here with some other NY projects seeking a loan, including 175 Park Avenue.
__________________ 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.
Just for the record, the 3rd tower will in fact be at 360 10th Avenue. From the 360 thread....
Some more details on the City and Port Authority's agreement to include 360 10th Avenue into the broader Bus Terminal redevelopment, via PILOTS that will go to help pay for the new terminal.
I should point out that this is a random massing for the purposes of study...
It now appears that the site could be expanded, or increased to a total development of more than double the 1 msf.
__________________ 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.
Those are three potentially huge towers. Hope they're all built to maximum size.
More for the pipeline. Current proposals should be built by then.
__________________ 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.
Port Authority breaks ground on $10B bus terminal revamp
Caroline Spivack
May 29, 2-25
Quote:
After years of stops and starts, the Port Authority of New York and New Jersey on Wednesday put shovels in the ground on a $10-billion project to transform Midtown's notoriously run-down bus terminal into a spacious, modern travel hub.
The project will reimagine the 41st Street facility between Eighth and 10th avenues with gleaming new structures that will expand the bus terminal’s capacity, add ground-floor retail and a new park on Dyer Avenue.
Quote:
A new main terminal building on Eighth Avenue will come with five stories for buses to travel in and out of, while a building on 40th Street between Ninth and 10th avenues will store as many as 350 buses — up from the current 50 — to keep coaches from clogging local streets.
The existing, 74-year-old bus terminal was not only designed for fewer travelers but smaller buses. Modern buses are typically 45 feet long and 102 inches wide, which can cause operational issues at the current terminal. Serving bigger buses more efficiently means more space and bigger structures. To that end, a sprawling new helix-shaped ramp will connect Lincoln Tunnel to the bus terminal, stretching the existing footprint of the facility along 40th Street to 10th and 11th avenues.
Quote:
The new storage building, ramps and park space are set to be complete by 2028, while the main terminal building is expected to be operational by 2032, according to the Port Authority.
Paying for the project is no easy task. The Port Authority wants to sell rights to a developer to build two skyscrapers over the main terminal on Eighth Avenue. Revenue from a third tower will also support the project; that building will be built on Port Authority-owned land bounded by West 30th and West 31st streets and ninth and 10th avenues near the Lincoln Tunnel.
The Adams administration agreed last year to commit 40 years of property tax revenue from the would-be commercial towers — up to $2 billion — to help finance the new bus terminal. Another $1.9 billion to pay for the project is coming from a loan awarded by the U.S. Department of Transportation in January. The Port Authority intends to foot the remainder of the bill.
__________________ 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.
Prev
Linear Mode
