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Old Posted Aug 13, 2007, 11:05 PM
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NYguy NYguy is offline
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Join Date: Jul 2001
Location: Borough of Jersey
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Originally Posted by Dac150 View Post
I would agree. The dismantlment of a low-rise hotel will take a shorter time than a large scale arena. I am curious to see how fast the Hotel Penn comes down. What with deadlines and all, this should move pretty quickly once the demolition gets rolling.
The Hotel Penn site appears to be the one most likely to land the first tenant, primarily because its been said to be the site that can begin construction fastest. However, with Vornado involved, I wonder how much of that depends on where the 4.5 msf of space from the MSG site could be moved. If approved, potentially one of those sites could get underway sooner. But I believe the Hotel Penn site is way ahead of the game as far as marketing goes. At the very least, Vornado has options...
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