Hotel Pennsylvania | The Real Deal New York

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Hotel Pennsylvania

401 Seventh Avenue
New York, NY 10001
Hotel

The 1,700-room hotel at 701 Seventh Avenue, across from the original Penn Station has been targeted for demolition several times, as owner Vornado Realty Trust considers building a 3-million-square-foot, 68-story office tower, a project known as 15 Penn Plaza, on the site. Vornado originally scrapped the plan in 2007 after Merrill Lynch decided not to lease space for new trading floors; in 2013 the REIT said it would launch a $300 million renovation, then in August 2014 Vornado said it might revive plans for the 15 Penn Plaza tower. Preservationists are seeking to preserve the 22-story hotel, which dates from 1917.

Vornado controls about 9 million square feet in the Penn Plaza area, with buildings such as One Penn Plaza and Two Penn Plaza; its holdings include about 780,000 square feet of retail space. About 600,000 commuters pass through Penn Station daily, in addition to tourists drawn by attractions such as Madison Square Garden.

-NE

  • Address 401 Seventh Avenue
  • neighborhood Penn Plaza
  • borough Manhattan
  • owner Vornado Realty Trust
  • owner entity GRAPSTEIN
  • floors 23
  • Year Built 1917
  • square feet 1,213,324
  • block and lot 1-00808-7501
  • BIN 1015191

12/24/18
...landmarked in April. 15 Penn Plaza Welcome to the Hotel Pennsylvania Vornado Realty Trust dropped this rendering of a completely transformed 15 Penn Plaza during an...

12/20/18
...Manhattan alone, along with 2,009 residential units plus the Hotel Pennsylvania. That compares to 22.2 million square feet of Manhattan office and retail five years ago...

10/03/18
...moves forward with a plan to tear down Hotel Pennsylvania. New renderings for a 2.8 million square foot tower at 15 Penn Plaza were revealed during...

09/13/18
...Manhattan alone, along with 2,009 residential units plus the Hotel Pennsylvania. That compares to 22.2 million square feet of Manhattan office and retail five years ago...

...Manhattan alone, along with 2,009 residential units plus the Hotel Pennsylvania. That compares to 22.2 million square feet of Manhattan office and retail five years ago...

04/09/18
...in the district. The company is eyeing the Hotel Pennsylvania for either a large-scale renovation or a total rebuild, something Roth has considered in...

09/05/17
...its fourth annual conference on Sept. 12, at the Hotel Pennsylvania from 7:30 a.m. to 12:25 p.m. At the conference, the agency will discuss its...

08/01/17
...rumors that Vornado wants to tear down the Hotel Pennsylvania and replace it with an office tower, but said that they are “looking at...

05/10/17
...for a 1,216-foot-tall office building to replace the Hotel Pennsylvania in 2007 and was close to signing Merrill Lynch as a tenant, but the financial...

09/27/16
...whose company was behind landmarks such as the Hotel Pennsylvania and the Manhattan Mall, is a fan of both Pope Francis and Donald Trump...

09/19/16
...Steve Roth and the Hotel Pennsylvania at 401 7th Avenue Vornado Realty Trust CEO Steven Roth has offered up yet another...

05/03/16
...in the city. He noted that Vornado’s Hotel Pennsylvania, at 401 Seventh Avenue adjacent to Madison Square Garden, has continued to underperform -- with...

...of office space, locking up the tenant through 2035. #8 Hotel Pennsylvania Vornado is still up in the air with its plans for the 1,700-room hotel...

02/19/16
...whose company was behind such buildings as the Hotel Pennsylvania and the Manhattan Mall, recently visited the Pope at the Vatican. “I was a...

12/24/15
...responsible for such New York landmarks as the Hotel Pennsylvania, the Grand Sutton and the Crowne Plaza Hotel. He plans to continue living at...

08/28/15
...New York classics as the Grand Sutton, the Hotel Pennsylvania, The Crowne Plaza Hotel. During their first stay, the Clintons re-arranged the house's library...

04/08/15
Vornado Realty Trust is looking to upgrade the area around Penn Station, by investing money in retail space, public plazas and infrastructure. Tags: 1 penn plaza,...

01/16/15
...Square, An early example of reinforced concrete, The Hotel Pennsylvania From the January issue: With an eye to cleaning up Times Square, a section...

...Square, An early example of reinforced concrete, The Hotel Pennsylvania 1976: City launches Midtown Enforcement Project With an eye to cleaning up Times Square, a...

...potential revival of a plan to raze the Hotel Pennsylvania to make way for a 3 million square-foot tower. “I want it off both of...

08/11/14
...West project, with Vornado Realty Trust about the Hotel Pennsylvania development site as well as with the Durst Organization about the World Trade Center...

08/05/14
...left: Steven Roth, 15 Penn Plaza (right) rendering and Hotel Pennsylvania Amid demand from prospective office tenants seeking space, Vornado Realty Trust is considering reviving...

11/05/13
...From left: 220 Central Park South, Steven Roth and Hotel Pennsylvania UPDATED: 11:52 a.m., Nov. 6: Vornado Realty Trust is moving ahead with plans to reposition...

04/22/13
...left: 7 West 34th Street, Steven Roth and the Hotel Pennsylvania (credit: PropertyShark) Vornado Realty Trust is planning to renovate its properties around Penn Station...

03/11/13
...Malkin pleased with Vornado’s plan to abandon Hotel Pennsylvania office tower plan 4. Christine Quinn officially launches mayoral campaign 5. Albany’s Capitol Building is...