HomeDiagramsDatabaseMapsForumSkyscraper Posters
     

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals

    

15 Penn Plaza in the SkyscraperPage Database

Building Data Page   • Comparison Diagram   • New York Skyscraper Diagram
New York Projects & Construction Forum
            
View Full Map

Reply

 
Thread Tools Display Modes
     
     
  #1161  
Old Posted Sep 17, 2016, 1:49 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,882
This guy can't make up his mind. Sure the other Hudson Yards towers got the jump, but that's only because Vornado chose to keep the hotel open. They were the first to actually get a tenant before the financial crisis hit, so it's not like this tower couldn't be built.

Anyway, we'll move this back to canceled status unless or until someone changes moods again and decides to build.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #1162  
Old Posted May 10, 2017, 11:51 AM
chris08876's Avatar
chris08876 chris08876 is online now
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,723
Smile NEW YORK | 15 Penn Plaza (Hotel Penn) | 1,216 FT | 66 FLOORS

Some news regarding this project. Back from the dead?

The thread for this is in the canceled/visionary.

=====================

Finance firm in talks over Vornado’s jumbo skyscraper



Quote:
It’s déjà vu all over again. Financial firms are in talks with Vornado Realty Trust for its proposed 3-million-square-foot jumbo skyscraper known as 15 Penn Plaza, which would replace the dowager Hotel Pennsylvania on Seventh Avenue.

“Morgan Stanley is looking very hard at [15] Penn Plaza,” our Midtown spy reported.

According to another scout, Vornado is presenting new building designs and not just the original 1,216-foot- tall Pelli Clarke Pelli design that passed New York City muster a decade ago.

“Steve Roth understands space and architecture better than most developers and, if he was going to restart the project, any tenant that size would be part and party to that design,” explained another source, referring to Vornado’s chief executive.

“It’s not just the look and feel of it, but does someone want AC under the floor and not on top? Whoever the tenant is will have ideas of their own. It’s a big, beautiful building with large floor plates in the base that would be great for collaboration,” the source said.

After a question from an analyst on Vornado’s May 2 conference call, Roth said, “There is stuff going on with the Hotel Pennsylvania and stuff going on with 2 Penn.”
===========================
http://nypost.com/2017/05/09/finance...bo-skyscraper/
Reply With Quote
     
     
  #1163  
Old Posted May 10, 2017, 12:36 PM
yankeesfan1000 yankeesfan1000 is offline
Registered User
 
Join Date: Aug 2010
Location: 10014
Posts: 1,568
Was only a matter of time given the location. Nice to hear though.
Reply With Quote
     
     
  #1164  
Old Posted May 10, 2017, 12:42 PM
hunser's Avatar
hunser hunser is offline
don't *meddle*...
 
Join Date: Feb 2009
Location: New York City / Wien
Posts: 4,017
Awesome news! And here I thought 15 Penn was dead ...
Reply With Quote
     
     
  #1165  
Old Posted May 10, 2017, 1:12 PM
tdawg's Avatar
tdawg tdawg is offline
Registered User
 
Join Date: Jan 2007
Location: NY,NY
Posts: 2,333
The design has held up.
__________________
Creative Director in New York City
Reply With Quote
     
     
  #1166  
Old Posted May 10, 2017, 1:32 PM
chris08876's Avatar
chris08876 chris08876 is online now
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,723
I'm curious what they are pushing for the $/sq-ft. Compared to lets say Silversteins 2 WTC. Might be a good opportunity to steal some tenants.

With the probability of a redesign based on the info "new building designs"... whatever that means, I wonder if they will downsize it to make it feasible or even change the functionality to begin with (office vs office/hotel or mixed-use).
Reply With Quote
     
     
  #1167  
Old Posted May 10, 2017, 1:57 PM
chris08876's Avatar
chris08876 chris08876 is online now
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,723
Deutsche Bank as well. So with Morgan + Deutsche, sounds promising.
Reply With Quote
     
     
  #1168  
Old Posted May 10, 2017, 1:58 PM
jayden jayden is offline
Registered User
 
Join Date: Dec 2007
Location: JERSEY
Posts: 588
Glad to see this back.
Reply With Quote
     
     
  #1169  
Old Posted May 10, 2017, 2:35 PM
Submariner's Avatar
Submariner Submariner is offline
Registered User
 
Join Date: Mar 2013
Posts: 1,142
A badly needed development...the entire area demands wholesale leveling of existing structures with towers like 15 PP replacing them.

And that design has held up surprisingly well.
Reply With Quote
     
     
  #1170  
Old Posted May 10, 2017, 2:37 PM
Submariner's Avatar
Submariner Submariner is offline
Registered User
 
Join Date: Mar 2013
Posts: 1,142
“There is stuff going on with the Hotel Pennsylvania and stuff going on with 2 Penn.”

Hopefully, it involves demo charges.
Reply With Quote
     
     
  #1171  
Old Posted May 10, 2017, 3:22 PM
Eidolon's Avatar
Eidolon Eidolon is offline
Registered User
 
Join Date: Jan 2012
Posts: 647
Great news!
Reply With Quote
     
     
  #1172  
Old Posted May 10, 2017, 3:47 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,882
This only makes sense. Evertime there's a problem at Penn Station (seems like almost every day now) I'm reminded that we COULD have had the reopened passageway to the PATH terminal on 6th Ave. This needs to be built for the transit improvements alone. It's the "One Vanderbilt" of Penn Station. But we'll see how this goes. We've done this dance before with Vornado.



https://therealdeal.com/2017/05/10/m...5-penn-report/

Morgan Stanley, Deutsche Bank eyeing Vornado’s 15 Penn: report
REIT could build 1,216-foot tower on Hotel Pennsylvania site




May 10, 2017


Quote:
Financial heavyweights Morgan Stanley and Deutsche Bank are considering a move to Vornado Realty Trust’s planned office development 15 Penn Plaza.

Vornado won city approval for a 1,216-foot-tall office building to replace the Hotel Pennsylvania in 2007 and was close to signing Merrill Lynch as a tenant, but the financial crisis pushed the deal off the table. Now the real estate investment trust is looking to revive the project and commissioned new designs, the New York Post reported.

The hotel sits across the street from 2 Penn Plaza, which Vornado plans to redevelop and outfit with a new glass facade.

Deutsche Bank is currently headquartered at 60 Wall Street, where Singapore’s sovereign wealth fund GIC bought a 95 percent stake in January. Its lease at 60 Wall expires in 2022, but includes renewal options.

If Vornado moves forward with the project, it would likely face stiff competition from the nearby Hudson Yards and Manhattan West megaprojects as well as SL Green Realty’s tower at One Vanderbilt.

It will compete with Manhattan West, the Spiral. Related's towers are pretty much spoken for. Theres a large chunk of space at 50 Hudson, but the signature (lower) floors are already spoken for. A large signature tenant would want that. One Vanderbilt is in the market for smaller tenants.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #1173  
Old Posted May 10, 2017, 10:59 PM
chris08876's Avatar
chris08876 chris08876 is online now
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,723
The general area around MSG is prime for development. 15 Penn will help complement the basket of development nearby. HY, MW Complex, and every other proxy tower nearby. Whats needed like now is a Penn Station overhaul. Crowding is ridiculous, and this development, once finished and anchored, will surely, along with HY, provide 1000's of more commuters to burden the station. City needs to think big, and soon!

Competition is serious though. Although I'd rather see tenants flock to this tower than 2 WTC. Got the Spiral (Ingel) as a potential tower as well. Ironically, 2WTC by Ingels as well.

Where is JP Morgan when you need them.

But overall a good day of promising news. 15 Penn, 80 South. Happy Wednesday to all.
Reply With Quote
     
     
  #1174  
Old Posted May 10, 2017, 11:38 PM
Dac150's Avatar
Dac150 Dac150 is offline
World Machine
 
Join Date: Sep 2006
Location: NY/CT
Posts: 6,749
Not to sound like a broken record, but yes, absolutely no surprise here. The location commands development of this caliber. Hopefully one of these two firms will commit … and perhaps the other will turn to a development in the neighboring area.
__________________
"I'm going there, but I like it here wherever it is.."
Reply With Quote
     
     
  #1175  
Old Posted May 11, 2017, 3:42 AM
Design-mind's Avatar
Design-mind Design-mind is offline
Registered User
 
Join Date: Oct 2012
Posts: 4,565
Quote:
Originally Posted by hunser View Post
Awesome news! And here I thought 15 Penn was dead ...
Wow I also thought this was dead. Slowly the ESB is becoming part of a group of supertalls rather than the lone supertall.
Reply With Quote
     
     
  #1176  
Old Posted May 11, 2017, 12:49 PM
Crawford Crawford is offline
Registered User
 
Join Date: Nov 2003
Location: Brooklyn, NYC/Polanco, DF
Posts: 16,019
Quote:
Originally Posted by Design-mind View Post
Wow I also thought this was dead. Slowly the ESB is becoming part of a group of supertalls rather than the lone supertall.
No development site in NYC is ever really dead. Land values are so high, that if something isn't built, it just goes into holding pattern until the next opportunity.
Reply With Quote
     
     
  #1177  
Old Posted May 11, 2017, 3:38 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,882
Quote:
Originally Posted by Crawford View Post
No development site in NYC is ever really dead. Land values are so high, that if something isn't built, it just goes into holding pattern until the next opportunity.
Yeah, and this one in particular was never really dead. Vornado has a lot of property in the area, and has been playing the long game. We still have yet to see if this will move forward at this point, but no way they are going to let those very valuable development rights in this prime location go unused forever, especially with this unusually large footprint at the doorstep to Penn Station.

I would like to see what other alternative designs are floating around out there.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
  #1178  
Old Posted May 11, 2017, 6:32 PM
chris08876's Avatar
chris08876 chris08876 is online now
1000 µg = 2D Mandelbrot
 
Join Date: Jul 2013
Location: New Jersey - Somerset County
Posts: 22,723
Quote:
Originally Posted by Crawford View Post
No development site in NYC is ever really dead. Land values are so high, that if something isn't built, it just goes into holding pattern until the next opportunity.
Which there is a pattern of happening, especially among the waterfront developments in Queens. Take Astoria Cove for example. Right now its in a limbo, but the land will be developed in time due. We might not hear news on a parcel for two years, but soon enough, it comes out; pertaining to some of the West Side parcels. Sutton Place Tower, at one point, a supertall, was seen as canceled but now, its back on track, although downsized.
Reply With Quote
     
     
  #1179  
Old Posted May 12, 2017, 7:30 PM
Eidolon's Avatar
Eidolon Eidolon is offline
Registered User
 
Join Date: Jan 2012
Posts: 647
This needs to be restored to the proposed category in the NYC diagram.
Reply With Quote
     
     
  #1180  
Old Posted Oct 17, 2017, 1:06 PM
NYguy's Avatar
NYguy NYguy is offline
New Yorker for life
 
Join Date: Jul 2001
Location: Borough of Jersey
Posts: 36,882
Just one of a few sites being mentioned as a possible NY proposal for Amazon...



http://www.crainsnewyork.com/article...w-york-deliver

Here's where Amazon could put HQ2 in NYC
The e-tailer has pledged $5 billion and 50,000 jobs to the city that wins its second headquarters. There is no shortage of interested bidders in the city



By Daniel Geiger
October 15, 2017


Quote:
PENN PLAZA

Vornado Realty Trust is aiming to lure Amazon to the neighborhood surrounding Penn Station, where Vornado owns millions of square feet of office space across multiple properties. Like the World Trade Center, Vornado's pitch is not the cheapest option. In the company's proposal, according to sources, Amazon could take as much as 2.5 million square feet in an office tower Vornado would build on the site of the Hotel Pennsylvania. Amazon could fulfill the rest of its requirement in other Vornado-owned buildings, including 1 and 2 Penn Plaza, which the company plans to significantly renovate, and the more than 700,000 square feet it is developing in the western annex of Moynihan Station.

One advantage for Vornado is familiarity: It is already Amazon's landlord at nearby 7 West 34th Street. But the neighborhood, despite its proximity to mass transit, is not cheap. Space there would command more than $100 per square foot to rent.

HUDSON YARDS

Another neighborhood Amazon is familiar with is Hudson Yards, where it recently leased 360,000 square feet at nearby 5 Manhattan West, a newly renovated site owned by Brookfield Properties. While that building is now virtually full, Amazon could house the rest of its campus in the towering skyscrapers rising in the immediate vicinity. Like Penn Plaza, however, rents would not be cheap, in the $90s per square foot and above.
__________________
NEW YORK. World's capital.

“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
Reply With Quote
     
     
This discussion thread continues

Use the page links to the lower-right to go to the next page for additional posts
 
 
Reply

Go Back   SkyscraperPage Forum > Global Projects & Construction > Proposals
Forum Jump


Thread Tools
Display Modes

Forum Jump


All times are GMT. The time now is 6:11 PM.

     

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, vBulletin Solutions, Inc.