Vornado owns the three properties from the corner of 34th and 8th to the building with Famihlia Pizza.
I don’t believe that it owns the troubled Methafone McD or the 10 story (or so) office building on the corner of 35th St. However, I would not be surprised if it acquires them.
Once Vornado and Chetrit redevelop their heinous sites on the west side of 34th between 7th and 8th, it will be a very nice block. The eastern portion of the block has two beautiful pre-War office towers.
“Vornado Realty Trust quietly divulged new details about its long-rumored plan to develop an apartment tower across the street from Penn Station and Madison Square Garden.
The developer envisions spending about $350 million to build a 475-unit apartment tower on the northeast corner of West 34th Street and Eighth Avenue, Vornado President Michael Franco said at an investor conference this week. Vornado plans to tap a state program called 485-x that provides tax incentives to develop affordable housing, according to a report about the conference from Evercore ISI analyst Steve Sakwa.”
Im confused by the ask here, are you saying nothing should be built here until something is built on site 4 of the ESC (Vornado’s Penn District and the former ESC are not one and the same)? The ESC was effectively done away with, the plan doesnt really exist anymore.
Outside of that, this lot is much much smaller than any of the lots that the ESC encompassed, itd be much easier for Vornado to get a loan to build a residential tower of this size on this lot than on any of the more notable Penn District lots.
I pass by that McDs every day and I’m sorry to say, it’s the true dregs of society hanging inside and outside of it, much more than other McDs in the city.
(I guess they’ll just migrate elsewhere in the area though)