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Old March 5th, 2016, 01:42 AM   #1
Hudson11
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Midtown | 15 Penn Plaza | 371m | 1216ft | 68 fl | Pro

it may surprise some, but this proposal isn't dead.

REW: Vornado’s plans for Hotel Pennsylvania still up in the air

Quote:
Vornado remains unsure about its plans for Hotel Pennsylvania, the famed hotel that sits near Madison Square Garden and the Empire State Building.
The building, which the company originally planned to raze to give way to a 1,216 ft. tower called 15 Penn Plaza, has been awaiting an exhaustive renovation since 2013.
[...]
“The hotel business is soft… it’s very cyclical and very volatile and, over the years of our ownership, it’s gone up and down repeatedly. We’re in a down cycle now. So, that’s step number one. “Step number two is, is that we have not been able to land a tenant that would justify razing the building — an office tenant — and building an office building and I don’t know whether we even think that that’s likely or not. So, the answer is, the Hotel Pennsylvania’s time will come.”
[...]
In 2014, Roth revived the possibility of the 15 Penn Plaza plan. During an earnings call, he said that his company was “getting very interesting, intriguing incomings as to office tenants that might want that site.”
Right now, however, Vornado is focusing on its nearby One Penn Plaza and Two Penn Plaza projects.
[...]
renderings of the proposed tower, which had two configurations:

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Old March 6th, 2016, 04:20 PM   #2
BarbaricManchurian
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I really hope they come up with a fresher design this time around.
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Old March 6th, 2016, 04:39 PM   #3
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Originally Posted by BarbaricManchurian View Post
I really hope they come up with a fresher design this time around.
I agree! It's too similar to the Salesforce Tower in San Francisco. I know it's the same architect, but still.
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Old March 19th, 2016, 04:56 PM   #4
JohnFlint1985
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Originally Posted by CityGuy87 View Post
I agree! It's too similar to the Salesforce Tower in San Francisco. I know it's the same architect, but still.
It is also similar to Jersey City and Hong Kong. Pelli is not doing any different models anymore. Just clones from the existing ones.

Me thinks - just leave the Penn hotel in place or make it with the new top.
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Old April 9th, 2018, 08:25 PM   #5
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a nugget of info tied in with news of the redevelopment of 2 Penn Plaza

https://therealdeal.com/2018/04/09/v...r-giant-tower/

Quote:
Roth does seem, however, to envision a large-scale reboot of Penn Plaza, which he refers to in the letter as the “Promised Land.” He says the REIT’s “grand plan” is to construct three to five new buildings on the sites it owns in the district.

The company is eyeing the Hotel Pennsylvania for either a large-scale renovation or a total rebuild, something Roth has considered in the past.
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Old June 4th, 2019, 08:52 PM   #8
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more info. 427m/1400ft.

http://fliphtml5.com/twmd/ebhi

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