NEW YORK | 15 Penn Plaza (Hotel Penn) | 1,050 FT / 315 M | 52 FLOORS

[UrbanImpact]

I do like the modern take on Art Deco of the new renderings.

[BK1985]

What a chunky one this is. lol. I actually dont mind this design at all. IMO it should be bumped back up in height to offet how fat is it.

[montydawg]

I like the new design a lot better than the old design. I’m hoping that any underground work needed for possible through running or implements for Penn are taken into account before this moves forward.

[ChiND]

Daddy’s home!

https://ny1.com/nyc/all-boroughs/traffic...-penn-transformation-is-full-steam-ahead

Byford says they are currently soliciting a master developer and bids can propose keeping Madison Square Garden or not, and even plans beyond the footprint of the existing station, but he wants to try and maximize capacity within the current space

https://www.nytimes.com/interactive/2025...tation-trump.html?searchResultPosition=3

In the 1960s, when Penn Station was rebuilt with Madison Square Garden atop it, more than 1,000 columns were driven through the platforms, into the bedrock of Manhattan, to support the massive venue and an adjacent office tower. In 2025, all those columns — plus staircases, escalators and elevators — force passengers to squeeze through narrow gaps that are sometimes only a few feet wide. Currently, there is not enough space on each platform to hold both arriving and departing riders. The biggest obstacle to a total overhaul of Penn Station is the arena that replaced the original station in the 1960s. Any rearrangement or expansion of the tracks and platforms on the bottom must first grapple with the forest of steel beams holding up the Garden.

With respect to keeping MSG at its current site, Hamlet’s thinking is apropos: “To be [at MSG] or not to be [at MSG]. That is the question.”

[NYguy]

Originally Posted by UrbanImpact

I do like the modern take on Art Deco of the new renderings.

Originally Posted by BK1985

What a chunky one this is. lol. I actually dont mind this design at all. IMO it should be bumped back up in height to offet how fat is it.

If they go through with the plan of building similar looking towers in the area, I would much prefer this. It would be like a modern day Rockefeller Center.

Originally Posted by montydawg

I like the new design a lot better than the old design. I’m hoping that any underground work needed for possible through running or implements for Penn are taken into account before this moves forward.

Originally Posted by ChiND

Daddy’s home!

https://ny1.com/nyc/all-boroughs/traffic...-penn-transformation-is-full-steam-ahead


https://www.nytimes.com/interactive/2025...tation-trump.html?searchResultPosition=3

With respect to keeping MSG at its current site, Hamlet’s thinking is apropos: “To be [at MSG] or not to be [at MSG]. That is the question.”

Actually, daddy's not. You need to learn what the boundaries are with respect to what they can and actually can't do. We've gone over this before. They don't control city zoning, or dictate what happens and what goes where. Yes, they've been saying they are "open" to it. Why not be? It's not going to happen. Even if they were cooperating with the City and the State - which they aren't - it would be nearly impossible to find a location for a new Garden. The timeframe of the environmental reviews and approval process for something like that alone would take years. The railyarods are run by the states - which, again, they are not cooperating with. Besides that, the railroads are incompatible with each other, further complicating even that. In the end, they were brought in to reduce costs, and cut time. Which excludes any and all of the extra nonsense. But it hardly matters. They will come to the same conclusion that everyone else has. Moving MSG adds nothing to the overall goal of improving Penn Station.

Anyway, none of that has anything to do with 15 Penn, so please keep that out of this thread.

[NYguy]

I really hope Vornado sticks with the new design, or a variation of it. It's as much a New York skyscraper design as 175 Park Avenue. I couldn't say that for the last version we've seen.
















(That caption is obviously wrong, though the Roosevelt will be getting a tower of its own)

[streetscaper]

I agree, the new design for 15 Penn is much better than the older ones. Hoping that the glass used is not too blue!

[TonyNYC]

[QUOTE=NYguy;10517049]I really hope Vornado sticks with the new design, or a variation of it. It's as much a New York skyscraper design as 175 Park Avenue. I couldn't say that for the last version we've seen.


Agree 100%!! I wouldn't mind seeing this new design add a few hundred feet.. think it would look even better with added height

The previous designs.. were atrocious!!

[NYguy]

That glass looks more along the lines of 2 Penn, which is not quite blue at all.




https://www.bisnow.com/new-york/news/off...f-at-vornados-penn-district-tower-131761

[BuildThemTaller]

I am so glad they have ditched that oversized filing cabinet for humans look. The massing on this latest version is a huge improvement. It's not a stunner, but it's fine.

[NYguy]

^ What they have done there is amazing, with both 1 and 2 Penn. There's always people taking photos and selfies now, which you hardly saw with the previous version. It's also become a popular space with the Christmas decorations. People seem to love it. It's a good sign for their overall redevelopment of the area.

[ChiND]

https://www.newyorkyimby.com/2025/11/pen...-15-penn-plaza-in-midtown-manhattan.html

For now, an office (or mixed use) tower here remains the proverbial “pie in the sky.” I don’t see any entity leasing 1m sf at the $200/sf that Roth wants. This isn’t Park Avenue.

… The Real Deal reported earlier this year that Vornado CEO Steve Roth is still pushing for Penn 15’s development, viewing the venture as a “sunk cost.” The report cited that construction could be conditional on the ability for the company to secure tenants at rents in the neighborhood of $200 per square foot. Roth also stated that his company was considering including residential space in the building, a scenario that would almost certainly necessitate a redesign.

I think that the adjacent Gimbel’s site (shown on the right below) is far superior for a landmark office tower.

[NYguy]

Originally Posted by ChiND

https://www.newyorkyimby.com/2025/11/pen...-15-penn-plaza-in-midtown-manhattan.html

For now, an office (or mixed use) tower here remains the proverbial “pie in the sky.” I don’t see any entity leasing 1m sf at the $200/sf that Roth wants. This isn’t Park Avenue.

That’s just nonsense.

[ChiND]

Originally Posted by NYguy

That’s just nonsense.

We’ll see what happens. For enormous sites other than 175 Park, I think that HY2 or BP’s 11th Avenue site are preferable.

[NYguy]

Originally Posted by ChiND

BP’s 11th Avenue site are preferable.

BP's site on 11th is hardly preferable to this site. What Hudson Yards has going for it is new office space. That's it. It was a desolate location - and still largely is - but a single subway line (called forth by the City, not the MTA) was enough to justify building new office space there. Don't tell me that the country's busiest transportation hub is not a desirable location for businesses. As it is now, Vornado has been reaping the rewards of work put in there, and they have hardly begun.




NOVEMBER 28, 2025


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[ChiND]

The Knicks were amazing tonight. The Rangers need to start winning at home.

[NYguy]

NOVEMBER 30, 2025

[NYguy]

https://www.crainsnewyork.com/real-estate/manhattan-office-rents-reach-300-square-foot

Developers race to build as Manhattan office rents reach $300 per square foot


Aaron Elstein
December 4, 2025

At the turn of the millennium office rents in Manhattan crossed a previously unfathomable threshold.

“'My father predicted we would see rates of $100 a square foot by the end of the century, and people told him he was crazy,” Cushman & Wakefield executive Tara Stacom said in 2000. “Well here we are and here they are.”

Those rates seem quaint now.

“Companies are willing to pay rents that none of us would ever have anticipated,” said Mary Ann Tighe, New York’s top commercial broker and CEO of CBRE’s tri-state region.

Towers commanding the highest rents include 1 Vanderbilt Ave., 425 Park Ave., the General Motors Building at 767 Fifth Ave., and Citadel’s headquarters building that’s poised to soon rise up at 350 Park Ave. Citadel is paying $300 a square foot for top-floor space at 425 Park.

Tighe said 175 Park Ave., a tower that RXR has been trying to build for several years, has found someone to pay $300 per square foot, though she wouldn’t identify the tenant.

Unsurprisingly, developers are racing to build towers that can command stratospheric rents, even though the cost to build has soared to $2,000 per square foot or more.

Related Cos. is planning new towers at Hudson Yards because all the space in the massive office complex is filled, said CEO Jeff Blau. His firm is also working on a tower at 625 Madison Ave.

Vornado Realty Trust has dusted off plans that have been around for 20 years to develop a 2 million-square-foot tower on the site of the Hotel Pennsylvania, across the street from Penn Station. BXP is constructing a 1 million-square-foot tower connected to Grand Central Terminal.

Blau credited Jamie Dimon for unleashing the boom by developing his firm’s 60-story tower at 270 Park Ave. The tower cost at least $3 billion to build and perhaps as much as $5 billion.

“JPMorgan built that building and now everybody has FOMO,” Blau said, or fear of missing out.

JPMorgan’s building measures 1,388 feet high and lords over Park Avenue’s glassy towers, at least for now. That could change once Rudin, Vornado, and Citadel finish 350 Park, which developer William Rudin said would top out at 1,400 feet.

“It’s going to be a little bit taller than JPMorgan’s building,” he said.

[NYguy]

DECEMBER 5, 2025


The weeds are lovely this time of year...

[NYguy]

A glimpse of the older rendering in Vornado's retail marketing...



https://www.loopnet.com/Listing/435-Seventh-Ave-New-York-NY/17418412/

435 Seventh Avenue's visibility with over 200 feet of linear frontage at the corner of 34th Street and 7th Avenue makes it an unparalleled flagship location. It stands at the beginning of the 34th Street retail corridor; one of the world's top performing retail streets. Also across the street from Penn Station with 650,000 daily commuters and Madison Square Garden with 4 million annual attendees, 435 Seventh Avenue is at the heart of it all.