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

[NYguy]

Vornado files for demolition on the next block…


https://therealdeal.com/new-york/2026/07/08/new-york-citys-top-construction-permits-july-3-2026/

The largest demolition project filed last week was in Midtown, where Vornado Realty Trust plans to knock down four properties at 425 to 431 Seventh Avenue. The buildings measure a total of 29,300 square feet. Thomas Tagliano is the project’s engineer.

(The 4 in the center)

[ChiND]

Vornado must acquire that vile corner building. It's the Achilles Heel of the stretch.

[ChiND]

The City should partner with Vornado to build something like this on the execrable block between 33rd and 34th on the east side of Seventh. The City could exercise eminent domain to acquire the block’s Achille’s Heel on the northeast corner of 33rd and 7th.

https://www.newyorkyimby.com/2026/07/thr...th-avenue-in-hudson-yards-manhattan.html

[NYguy]

Originally Posted by ChiND

The City should partner with Vornado to build something like this on the execrable block between 33rd and 34th on the east side of Seventh. The City could exercise eminent domain to acquire the block’s Achille’s Heel on the northeast corner of 33rd and 7th.

There is already a plan for a tower in place for the site.

[ChiND]

Originally Posted by NYguy

There is already a plan for a tower in place for the site.

The plan should move forward ASAP, and the city should exercise eminent domain to acquire whatever Vornado does not own.

[JSsocal]

Vornado is building new 3-story retail buildings on all of the buildings except for the holdout/33rd St corner site and targeting higher end retail, it will also similarly demolish the west side of 7th avenue for new retail structures.

They are nowhere close to building an office building here or on the west side of 7th avenue, call it 10-20 years from now- maybe. They have talked about the Penn 15 site for 20 years now.. Vornado may be fine stewards of their properties, but they are not proactive with their portfolio.

https://www.6sqft.com/vornado-and-newmark-to-expand-penn-district-with-more-retail/

[NYguy]

Originally Posted by ChiND

The plan should move forward ASAP, and the city should exercise eminent domain to acquire whatever Vornado does not own.

Originally Posted by JSsocal

Vornado is building new 3-story retail buildings on all of the buildings except for the holdout/33rd St corner site and targeting higher end retail, it will also similarly demolish the west side of 7th avenue for new retail structures.

They are nowhere close to building an office building here or on the west side of 7th avenue, call it 10-20 years from now- maybe. They have talked about the Penn 15 site for 20 years now.. Vornado may be fine stewards of their properties, but they are not proactive with their portfolio.

https://www.6sqft.com/vornado-and-newmark-to-expand-penn-district-with-more-retail/

They will not build anything on that site before building 15 Penn. Low level, temporary retail (like on some if their other sites) is likely.

With regards to 15 Penn, 20 years to now are two different things. There’sca very particular market today with high demand vs. low supply. That (and the fact they had to demolish the placeholder) is why you’re seeing a push now.