A project that could reshape the Midtown Manhattan skyline around Penn Station is apparently in jeopardy.
In December, FOX 5 News got an exclusive look at the construction currently underway at Penn 1 and Penn 2. The buildings are being transformed into office space, cafes, a town hall,The developer says the work on those buildings will be completed in about a year. They were also planning to break ground on 5 new skyscrapers in the near future, but that is now on hold."This is a great opportunity to rethink this plan even further and build the housing that New Yorkers need," Hoylman says.
The Co-Head of Real Estate at Vornado, Glen Weiss, tells FOX 5 News that they want to build the new skyscrapers, but aren’t sure when that will happen. "We need a tenant to kick off any of these new builds. We need construction financing to get off any new builds," Weiss says. "It's impossible to project how many years at this point in time."
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