Entries from Gothamist tagged with 'vornado'
April 9, 2008
Untitled photo of rodeo clown, by Zodak at flickr According to WNBC's Jonathan Dienst, Police Commissioner Ray Kelly wrote a letter to the MTA, MSG, Amtrak, and Vornado Realty expressing his dismay over the lack of Penn Station security. Three years after funding had been secured for the construction of a legitimately effective security barrier to protect Penn Station from a truck bomb attack, Kelly says little has been done to implement any plans.......
Continue Reading "Kelly: Stop Clowning with Penn Station Security"February 27, 2008
Brookfield Properties, which had offered a plan to bring back streets - as well as 12 million square feet of development and 15 acres of public space - to the West Side Rail Yards, has declined to continue in the bidding process. The MTA had requested revised Hudson Yards proposals with more financial details by yesterday and the bids received were from Durst and Vornado, Tishman Speyer and Morgan Stanley, Extell, and Related Companies.......
Continue Reading "West Side Rail Yards Bidder Drops Out"January 31, 2008
Ever since real estate developer Vornado revealed plans for a boxy, glassy skyscraper at 125th Street and Park Avenue last March, people were curious what might companies might lease some of the 640,000 square feet. Now the NY Times reveals Major League Baseball will take a swing at starting its cable network in the building. Wow. The 21-story building, dubbed Harlem Park, would be Harlem's "first prime office to be built" in the neighborhood "in......
Continue Reading "Major League Baseball TV Sets Sights on Harlem"December 23, 2007
New York City's Conflict of Interest Board ruled that there was no problem in Deputy Mayor Dan Doctoroff continuing to work with real estate developers on multi-billion dollar real estate projects while a city employee, even though he'll be shortly negotiating with these same developers as a private citizen and President of Bloomberg LP, the Mayor's media corporation. According to the New York Post, the board cited "extraordinary circumstances" and said that Doctoroff's negotiations on......
Continue Reading "No Conflicts Over Doctoroff's Dealings"December 22, 2007
Word on the street is that Union Square's mammoth Virgin Megastore is closing up shop sometime between now and February 2009. Billboard reports the space is "being offered by a real estate broker for 2009 availability. According to retail sources, New York-based Winick Realty is shopping the space and has sent out packages highlighting its features." The 58,000 square-foot space is being offered together or subdivided and may become another retail space or (wait for......
Continue Reading "Virgin Megastore to Leave New York?"December 17, 2007
The MTA has apparently narrowed down the list of contenders to develop the West Side Rail Yards - and may even ask them to team up together. According to Crain's New York, the MTA favors the developers who have already lined up tenants. Which means the front runners are The Related Companies with News Corporation and Goldman Sachs, Durst & Vornado with Conde Nast, and Tishman-Speyer with Morgan Stanley. But front runners may need......
Continue Reading "Mixing-n-Matching West Side Rail Yard Proposals"November 30, 2007
The low-slung Port Authority bus terminal will be getting a heady addition: The Port Authority will announce a deal for a tower to be built at its north end. The NY Times reports that Lawrence Ruben Company and Vornado Realty Trust is buying air rights for $400-500 million, which the Port Authority will then be used to add 18 bus platforms, give the terminal a "major face-lift" and overall refurbishing. Well, finally - commuting to......
Continue Reading "Port Authority Bus Terminal Will Get a Tower"November 25, 2007
While everyone knows that the proposals five development teams have offered up for the MTA's West Side rail yards are likely to change, the NY Times' architecture critic Nicolai Ouroussoff made it clear that he hopes they do, with a withering review of the five plans. Noting the great opportunity that developers have, Ouroussoff says the designs "are not just a disappointment for their lack of imagination, they are also a grim referendum on......
Continue Reading "West Side Rail Yards Proposals Depress NY Times Critic"November 19, 2007
A storefront at the corner of Vanderbilt Avenue and 43rd Street (across from Grand Central) may be a window into the future of the West Side Rail Yards. The MTA unveiled an exhibition of the five proposals to redevelop the rail yards on the Far West Side of Manhattan, and the public will get a chance to see the models every day (except Thanksgiving) through December 3. And what's more, the MTA wants the......
Continue Reading "West Side Yards Proposals On Display For Public"October 26, 2007
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."......
Continue Reading "Hotel Pennsylvania's Last Gasp"October 25, 2007
After many attempts by World Trade Center developer Larry Silverstein and state officials to keep brokerage Merrill Lynch downtown, the NY Times reports the firm "appears ready" to move to a new, yet-to-be built skyscraper on Seventh Avenue between 32nd and 33rd Streets. Currently Merrill Lynch has offices at 4 World Financial Center, and it seems that it wants "extra large trading floors." It's questionable whether a Midtown building to accommodate 11,000 employees would be......
Continue Reading "Merrill Lynch Likely to Relocate in Midtown"October 11, 2007
Today on the Gothamist Newsmap: An armored robbery in Queens, a boat in distress east of the Steeplechase Pier in Brooklyn and a school bus accident in Staten Island. The bids are in for the West Side Yards, and the companies that submitted them are Extell Development Company, Brookfield Properties Developer LLC, The Related Companies, TS West Side Holding, LLC (A Joint Venture of Tishman Speyer and Morgan Stanley), and Hudson Center East LLC......
Continue Reading "Extra, Extra"August 24, 2007
What do tourists like more than walking slowly in bunches, visiting Ground Zero, buying fake handbags in Chinatown, and wearing socks with sandals? Eating at restaurants they can find at home! The Post is reporting that IHOP (aka the International House of Pancakes) is in talks with Vornado to open a location at 1540 Broadway (btwn 45th and 46th). It would be the 2nd Manhattan location for the chain - the first location opened......
Continue Reading "Is An IHOP in Store for Times Square?"August 23, 2007
Plans for a new Penn Station and Madison Square Garden at the historic Farley Post Office building remain as murky as ever. But a recent poll undertaken by the Municipal Art Society (MAS) suggests that Penn Station commuters overwhelmingly favor the prospect of a grand new train station--but they need more information. If and when the project proceeds, who will keep watch over the three mega-developers (the state-run ESDC, along with private companies Related Group......
Continue Reading "Kent Barwick, Municipal Art Society"May 17, 2007
The city's Far West Side dreams are at stake as the MTA will auction off the buildings rights to the West Side railyards. The NY Times takes a broad look the 26-acre swath of land where Deputy Mayor Dan Doctoroff says the Bloomberg administration wants to create the "21st century Rockefeller Center." Well, a Rockefeller Center with many huge buildings, as the article's lede calls the lots "where the Bloomberg administration envisions the equivalent......
Continue Reading "City Wants Mega Buildings on the Far West Side"March 19, 2007
It's difficult to know quite what to say about the huge transformations on the horizon for the Far West Side. That's partly because major negotiations and plans regarding the future of Madison Square Garden, the Farley Post Office, the Javits Center, the 7-train extension, and rezoning are taking place behind closed doors. Another reason is the uneven pace at which the planning proceeds-- years of plodding speculation followed by the sudden unveiling of a proposal,......
Continue Reading "Land Deal To Advance Moynihan Station Plan"February 5, 2007
Today the NY Times introduces us to the man behind some of the city’s most boring buildings. Costas Kondylis, aka the Developer’s Architect, is a skyscraper-embracing traditionalist whose clients have included Donald Trump, Larry Silverstein, Related Companies (developer of the Time Warner Center), Forest City Ratner Companies (developer of The New York Times building and, of course, the Atlantic Yards project) and Vornado Realty Trust (the Penn Plaza towers), among others. Kondylis, who's worked on......
Continue Reading "Costas Kondylis: A Developer's Dream"October 19, 2006
Assembly Leader Sheldon Silver did the expected thing at a state Public Authorities Control Board meeting to discuss the Moynihan Station: He refused to support it, ensuring that the city is at least another year away from starting a new transportation hub for NJ Transit and LIRR commuters. Well, we guess Governor Pataki's decision to delay a vote didn't work out very well, but it's not like Silver would suddenly be convinced in three......
Continue Reading "Silver's Bye-Bye Pataki Present: Blocking Moynihan Station"October 17, 2006
Breaking: Tishman-Speyer, the real estate concern that controls Rockefeller Center, the Chrysler Building, the Lipstick Building, and much more around the city and world, was the winning bidder in the Stuyvesant Town-Peter Cooper Village sweepstakes. The NY Times' Charles Bagli writes: Mr. Speyer and his partner, the Blackrock investment bank, outmaneuvered nearly a dozen bidders, including a group aligned with the tenants at the complexes who hoped to preserve what is fast becoming a......
Continue Reading "StuyTown Sold to Tishman-Speyer for $5.4 Billion"September 13, 2006
Both the Observer and the NY Sun look at the slow development process for the Moynihan Station, a project long discussed but stuck in development hell. We think the Observer's sub-headline says it all: "Silver Stops Projects, And There’s Not Much Putzy Governor Can Do; Gargano in Full Gear; Snarled by Property Shuffle With Vornado and Related." To translate: Assembly Leader Sheldon Silver is delaying the project, and since Governor Pataki is a lame duck,......
Continue Reading "Moynihan Station Stasis"July 9, 2006
Apparently Sunday is the Metro sections Bloomberg real estate day. Last week we learned about the townhouse that Mike is buying to house his philanthropic foundation and this week we learn about how 731 Lexington Avenue, aka 151 East 58th, aka 1 Beacon Court, aka the Bloomberg Building got its many names."People thought of it as Alexander's, and we had to come up with something brand new, something significantly different," Melvyn H. Blum, executive......
Continue Reading "The Name Game"June 7, 2006
There's a really good article in the Observer about how the Moynihan Station may now be a new fight between the city, state, and some important real estate bigwigs. The developers in charge of the project want to move Madision Square Garden to the Ninth Avenue part of the Farley Post Office lot (Moynihan Station will take the Eighth Avenue side); the Dolans who own MSG will only move if they get tax breaks......
Continue Reading "Poor Moynihan Station is Stuck in Development Hell"May 27, 2006
They say that history repeats itself, but this is re-dunk-u-lous. Moynihan Station, the long-planned Penn Station expansion into the Farley Post Office that is intended to make up for the destruction of the late, great, original Penn Station (above) hasn't even been built yet but developers are already vying to build a new Madison Square Garden on top of and around it. And yes, this would be MSG number 5 for those of you......
Continue Reading "Another Madison Square Garden?"February 12, 2006
Today's Times tackles the issue of how exactly one escapes from the top of a Manhattan skyscraper during an emergency. Specifically, the Times looks at an interesting new escape method developed by an Israeli company called Escape Rescue Systems. Imagine a multicabin elevator made of fabric and stored, folded up like an accordion, atop a busy building's roof. When an alarm is sounded, the fabric is dropped down the building's side where it gradually......
Continue Reading "Escaping Fires in a Cloth Elevator"December 1, 2005
On the heels of this past weekend's stomach turning report that, yes, bedbugs are on the rise all over the city, two Swiss businesswomen are suing the Hotel Pennsylvania and Vornado Realty Trust over the bedbug-infested stay they had in September. Their lawyer says that when the women complained to a hotel employee about being bitten by something, the employee immediately said, "Bedbugs!" showing that there was knowledge of the pest at the Penn Station-area......
Continue Reading "Bedded and Bugged"July 18, 2005
The NY Times is reporting that the Empire State Development Corporation has selected the developers for the long-gestating Moynihan Station (aka the new Penn Station). Now the question is when will construction actually begin? The new plan, which will put NJ Transit and LIRR trains into the Farley Post Office across the street from the existing Penn Station, also includes possibilities for retail, commercial and residential development for Vornado and Related, the two newly named......
Continue Reading "Moynihan Station May Spur Far West Side Development"April 28, 2005
Our friends in DC has the scoop on the latest news on the new Penn Station planned at the Farley Post Office Building: DCist says Vornado Realty Trust seems likely development contract, which, would be a good part of the $910 million plan to move NJ Transit and LIRR - and possibly Amtrak - out of the current dingy Penn Station. Vornado says it "is committed to long-term asset enhancement" at Penn Station. And that......
Continue Reading "The New Penn (aka Moynihan) Station Development News"February 24, 2005
Wal-Mart has decided not to New York Region > Plans for a City Wal-Mart Are Dropped" href="http://www.nytimes.com/2005/02/24/nyregion/24walmart.html?hp&ex=1109221200&en=3a35e2cb160fc5df&ei=5094&partner=homepage">continue plans to be in a Queens shopping mall after a lot of community and political opposition. According to the NY Times, Wal-Mart and Vornado Realty Trust, developers of the Rego Park project that would include other retail space and apartment towers, thought that Wal-Mart's continued presence would jeopardize the entire plan. What Gothamist found interesting is that apparently......
Continue Reading "Wal-Mart Abandons NYC Plans...For Now"May 16, 2004
- Joe explains knots, nautical miles...and furlongs - New EPA emission rules mean 90% less crap in the air for you to choke on - KP finds an awesome lightning photo from Monday's crazy night of thunderstorms - Joe tackles haze and deliquescence; no one bites on my Evanescence joke. Previous thoughts on the difference between haze, mist and fog. - KP turns us on to retro-fabulous Weather Pixie, wonders which local characters would......
Continue Reading "Previously on Gothamist Weather"
