NYC Commuters to Get New Train Hub as Developers Sign Deal

June 19, 2017

By David M. Levitt, Bloomberg Business News; June 16, 2017

Vornado Realty Trust and Related Cos. completed a deal to redevelop Manhattan’s landmark James A. Farley Post Office Building, part of a $1.6 billion plan to create a modern transit hub across Eighth Avenue from the overcrowded Pennsylvania Station.

The two real estate companies, among the largest property owners in that area, will work with construction company Skanska AB to convert the eastern portion of the Farley Building into Moynihan Station, a skylit annex to Penn Station that would serve Amtrak and Long Island Rail Road passengers. The developers signed a lease with the state of New York, which owns the 1.4 million-square-foot (130,000-square-meter) Farley Building, the Empire State Development Corp. said in a statement Friday.

Click here to read the full story.

Gov. Cuomo: MTA, Port Authority, Amtrak to fund $1.6B plan to renovate Farley Post Office train hall near Penn Station

By Dan Rivoli, New York Daily News; June 16, 2017

A $1.6 billion deal for a long-awaited train hall near Penn Station — with several transit agencies kicking in hundreds of millions of dollars — will become a reality, Gov. Cuomo announced Friday.

The landmarked Farley Post Office will be redeveloped into a space with 700,000 square-feet of retail, dining and office space in addition to 255,000 square-feet for a train hall for Long Island Rail Road and Amtrak riders.

The facility will be named after the late New York Democratic Sen. Daniel Patrick Moynihan, who died in 2003 and had first proposed a new Penn Station inside the Farley Post Office in 1993.

Click here to read the full story.

Moynihan Station lives just like Pat dreamed it would

An Editorial from the New York Daily News; June 19, 2017

Write it down, in pen this time and chisel it in granite: Moynihan Station is happening. It’s really happening.

When Pat Moynihan, our great thinker and U.S. senator, long ago proposed redeeming the historic sin of tearing down Penn Station by turning its twin across Eighth Ave., the largely empty Farley General Post Office, into a train depot, we were ecstatic.

The master architects of McKim, Mead and White built the majestic Penn in 1910 and the matching Beaux-Arts post office in 1913. And while stupidity and avarice in the 1960s cost us Penn, dooming travelers to a dreary cellar, as Moynihan told us: We had a second chance.

Click here to read the full editorial opinion.

 

Previous post:

Next post: