15 Penn Plaza – Will Cuomo’s Penn Station Supertall Become a Reality?

21 April, 2021 / Alan Rosinsky
Aerial view of Midtown Manhattan, NYC, featuring 15 Penn Plaza in a tale of urban transformation.

New York City, a city of dreams, has always been at the forefront of architectural ambition. Each building, each skyline silhouette, tells a tale of aspiration, conflict, and innovation. Now, poised on the precipice of urban transformation is another potential chapter: the story of 15 Penn Plaza. This saga is not merely about bricks and mortar; it captures the essence of NYC’s ever-evolving spirit, entwining modern aspirations with rich historical legacies.

Empire Station Complex: Cuomo’s Vision for the Future

Before diving deep into the narrative, it’s crucial to understand the vast setting of this story. Governor Andrew Cuomo’s vision for the Empire Station Complex represents more than just a redevelopment; it’s a bold stride toward shaping NYC’s future landscape.

A Modern Renaissance in Architecture

Governor Andrew Cuomo’s Empire Station Complex is not just a redevelopment proposal—it’s a powerful statement about New York City’s architectural future. The blueprint envisions ten monumental skyscrapers sprouting from the city’s foundation, collectively offering 20 million square feet of mixed-use space. From premium commercial office spaces to inviting outdoor areas, it promises urban rejuvenation.

Penn15: The Crown Jewel

Amid the grand orchestration of skyscrapers, Penn15 stands tall in vision and stature. Towering with an ambition to rival the prominence of the Empire State Building, Penn15 is not just a building—it’s an emblem of urban renewal. Slated to stretch 68 stories skyward under the guidance of Vornado Realty Trust, this project encapsulates the spirit of reinvention.

From Historic Hotel Pennsylvania to the Vision of Penn15

The foundation of Penn15 is one steeped in legacy. Once home to the historic Hotel Pennsylvania, this plot has witnessed decades of change, ambition, and resistance.

A Legacy Grounded in Tradition

The soil on which Penn15 could lie has its own tales to tell. Previously, the historic Hotel Pennsylvania stood as a testament to the city’s bygone eras between 32nd and 33rd Streets on Seventh Avenue. Though ideas of rejuvenating or replacing the hotel have been around since 2010, they faced consistent delays due to opposition from local legislators.

A Paradigm Shift

The narrative pivoted in 2013 when Vornado Realty Trust announced ambitious plans for the hotel’s upscale renovation. However, the larger vision of establishing a landmark commercial tower soon took center stage. Steve Roth, a representative of Vornado, emphasized the potential of premium office spaces as the way forward.

Penn15’s Challenges and Triumphs

Penn15’s development journey has seen its fair share of ups and downs. By 2020, whispers of potential tenants like Facebook were circulating. Yet, by 2021, the overarching vision for the Empire Station Complex, with Penn15 at its heart, faced various hurdles. External opposition and internal discussions posed questions about the project’s feasibility.

Architectural Elegance Meets Modern Utility

Foster + Partners, a global leader in architectural design, is behind Penn15’s blueprints. The design proposes a 68-story commercial behemoth, boasting 57 floors dedicated to Class A office space and adorned with 27 terraced landscapes.

The tower’s office spaces have a unique layout, divided into five distinct “neighborhoods.” Each encompasses 12 floors, ranging from 130,000 to 670,000 rentable square feet. The unique side-core promotes flexible layouts and terraces every four floors, enhancing light and air. Unlike traditional designs, this structure offers varied leasing opportunities. It also features a spacious lobby and a modern food court, epitomizing contemporary architectural excellence.

The Uncertain Horizon of 15 Penn Plaza

Unveiled in early 2021, Cuomo’s ambitious Empire Station Complex aims for completion by 2038, with Penn15 intended as the project’s centerpiece. However, it stands at a crossroads, and there are three fundamental reasons why:

  • Community Pushback: The project faced significant resistance, with the community and legislative sectors opposing its rapid progression.
  • Budgetary Constraints: An allocation of $1.3 billion was earmarked exclusively for Penn Station’s transportation enhancements.
  • Funding Challenges: The Empire Station Complex skyscrapers found themselves in a financial predicament due to the budgetary focus on transportation.

Where do we go from here?

The Key Takeaway

15 Penn Plaza stands at the crossroads of ambition and challenge. As New York City gazes towards the future, the fate of this architectural marvel remains in the balance, with obstacles to surmount and promise to unleash. However, as history has demonstrated, NYC’s spirit is unyielding. Whether Penn15 emerges as the epitome of modern workspaces or stays a vision, it won’t diminish the city’s essence.

Alan Rosinsky, Principal Broker, Metro Manhattan Office Space
ABOUT THE AUTHOR Alan Rosinsky Principal Broker, Metro Manhattan Office Space Since 2004, Alan has negotiated over 400 leases with NYC’s leading landlords and brokers, representing startups and established businesses in industries like technology, private equity, healthcare, retail, and fashion. A New Yorker since 1983, he brings extensive experience and insight into commercial leasing across Manhattan, Brooklyn, and Queens, helping business tenants negotiate the best possible terms for their ideal spaces.

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