Quote:
Originally Posted by NYCrules
Awkward that 15 Penn Plaza ended with day-dreaming, and this one is chewing terrifyingly long. Shit!
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Penn Plaza is "on the shelf" to take the literal statement from Vornado. It's on hold, because Vornado is having all kinds of internal issues, and there's no way they're going to find an anchor tenant right now.
But something huge will eventually be built there. They have been assembling the air rights for 15 Penn Plaza for well over a decade now.
Quote:
Originally Posted by NYCrules
To me it'll mean a massacre if it doesn't even become the tallest roof in the city.
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Going by all the permits filed (including one this week, for demolition) 225 W57will be 1550 to roof.
So it will be tallest, (by roof, though, not overall, that goes to 1WTC), but I don't think for very long.
There are too many projects planned for Hudson Yards in particular, and there are likely other 432 Park/225 W57 projects percolating in Midtown. Sales prices are so stunningly high that you just know there are some off-the-radar assemblages going on by folks like Barnett (Extell), Zeckendorf and Macklowe.
We already know, for example, that Barnett has another big assemblage on 57th Street between 5th and 6th. That location is even better than One57 or 225 W 57, so, who knows, maybe that will be his tallest. We'll see.