Results tagged “countbasie”

There's been talk of what will happen to the Hotel Pennsylvania for a while now, and today the NY Observer reports that the skyscraper planned to take over the 401 Seventh Avenue address could be stopped by preservationists. Since the demolition project needs to be met with public approval it might not bode well that the construction "would entail building over the railroad tracks that run beneath the hotel and pose engineering and security challenges." However it seems like a done deal, as the NY Times reported today that "Merrill Lynch has been negotiating with Vornado over the terms of a billion-dollar 65-year lease that would give the company control of the half-block hotel site."