NEW YORK | Empire Station District | 9 Towers (18-20 msf)| FT | FLOORS

[NYguy]

^ Give her time. She’s running for election, she gas to get the job. Penn South still has the planning to go through. It will get done. But the critics won’t be happy with this at all. They wanted a stop to the towers.

I actually thought she would reduce the space by 20% or more.



https://www.nytimes.com/2021/11/03/nyregion/penn-station-nyc-hochul.amp.html

By Matthew Haag and Patrick McGeehan
Nov. 3, 2021

The proposed development would include some buildings that would be among the tallest in New York City and rise across several blocks surrounding the rail hub. Under Gov. Hochul’s plan, about 1.4 million square feet of space would be lopped off the buildings, just a 7 percent reduction from her predecessor’s proposal.

At 18.3 million square feet, the new Penn Station project would be slightly larger than Hudson Yards, the mega site of offices, residences and retail that opened in 2019 as the largest private development in American history.

However, the project’s 1,800 residential units will now include 540 permanently below-market units, which was not part of Mr. Cuomo’s proposal, officials said. It also adds eight acres of public space, including a plaza roughly the size of Rockefeller Plaza that would limit car traffic — a reimagining of the streets around the station at a moment when many transportation advocates in the city believe more street space should be reserved for pedestrians and cyclists.

The Penn Station neighborhood development would still largely benefit a single company, Vornado Realty Trust, one of the city’s largest office developers, which owns four sites in the development zone and part of a fifth.