Category Archives: News

Morgan Stanley, Deutsche Bank & 15 Penn Plaza

Once agin, 15PP has reared its ugly head. This time in the form of Morgan Stanley, and Deutsche Bank. Multiple papers are reporting that the two financial giants are in talks with Vornado to move to the site of the Hotel Pennsylvania.  As you know back in 2007 Merrill Lynch was close to signing with Vornado, before the stock market crash.  No further details are known about  the possible deal yet, we are investigating, and will of course let everyone know via our Facebook, Twitter, and websites.

One interesting notes on this is Vornado just took a loan from Deutsche Bank to the tune of $396M for the mortgage on 85 10th Avenue.  

Pennsylvania Station

Thanks to Bruce Price‎ and Joe Lasala, for posting these images of the Original Pennsylvania Station. I never knew they had such a grand restaurant.

Architectural layout of the Pennsylvania Station showing the location of the restaurant.

And a sad site during the demolition of Pennsylvania Station.

February 1950

A receipt from the Hotel Statler from February 1950, courtesy of Mr. & Mrs. Thomas J Hickey from Richmond Hill, NY.   They stayed there on their wedding night.  I’m happy to report both are still around today, and are in their 90’s.

Vornado Realty Trust’s Q4 2016 Results – Earnings Call Transcript

Not much news in the way of the Hotel Penn’s fate.  As you know, from the “Moving Madison Square Garden” meeting we posted, Vornado has a lot in store for that area.  Seems right now they are focusing more on the “Moynahan Station” project, which is scheduled to be completed in 2020 then anything else.  Below is the link to the transcripts.

VNO 4th Quarter Transcripts

Moving Madison Square Garden and the Battle for a Better Penn

DATE AND TIME

Thu, January 19, 2017

7:00 PM – 9:00 PM EST

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LOCATION

SAG-AFTRA Foundation – Robin Williams Center

247 West 54th Street

New York, NY 10019

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Register

DESCRIPTION
An extraordinary evening with three distinguished architectural and planning experts:

  • Vishaan Chakrabarti – Founder of the Practice for Architecture and Urbanism
  • Michael Kimmelman – Architecture critic of The New York Times
  • Tom Wright – President of the Regional Plan Association

They will lay out their vision for the future of the West Midtown Transit Corridor, the largest transportation hub in the United States, which includes Penn Station, Moynihan Station, Amtrak’s Gateway project and the Port Authority Bus Terminal.
Join us for a lively discussion about the future of regional transit, why Madison Square Garden needs to be moved, how it can happen, and what a new, world-class Penn Station would mean for New York.
[Image Credit: Practice for Architecture and Urbanism]

Fidel Castro at the Statler Hotel

Castro waves to crowds on his way to Pennsylvania Station from the Statler Hilton Hotel in New York City, en route to Boston. IMAGE: CARL T. GOSSETT JR/NEW YORK TIMES CO./GETTY IMAGES

Castro waves to crowds on his way to Pennsylvania Station from the Statler Hilton Hotel in New York City, en route to Boston.
IMAGE: CARL T. GOSSETT JR/NEW YORK TIMES CO./GETTY IMAGES

 Fidel Castro outside the Statler hotel in New York. Photograph: New York Daily News/Getty Images

Fidel Castro outside the Statler hotel in New York. Photograph: New York Daily News/Getty Images

Castro waves to crowds outside the Statler Hotel. IMAGE: JOHN DUPREY/NY DAILY NEWS VIA GETTY IMAGES

Castro waves to crowds outside the Statler Hotel.
IMAGE: JOHN DUPREY/NY DAILY NEWS VIA GETTY IMAGES