Vornado seeks Herald Square revamp

April 13, 2010 12:01PM

Vornado Realty Trust has great aspirations for Herald Square, including a number of pedestrian improvements to Penn Station such as more subway entrances, and a reopened and revamped pedestrian tunnel. But Vornado, which owns a massive amount of retail and office space in the neighborhood, is seeking variances to its Hotel Pennsylvania site in exchange, according to the Post’s Steve Cuozzo. While Vornado could, technically, replace the Hotel Pennsylvania, which it bought in 1997, as a 1.15-million-square-foot tower without public approval, the developer has grander plans for the space, hoping to build a tower of around 2.05 million square feet. This would require a zoning change and an air rights acquisition.


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