Midtown leaders call for housing, not tennis courts, on site of stalled PENN15 skyscraper
Community groups and one local elected official are slamming a developer’s plan to put tennis courts and a giant billboard on the site of a demolished hotel across from Penn Station amid New York City’s deep housing shortage.
Simone said Vornado could be "a hero" for building housing on the two-acre site and helping to address the city's ongoing shortage, but added that the firm would need state and city subsidies in order to do so. Vornado had planned to build up to 10 office skyscrapers spanning 18 million square feet around a redesigned Penn Station through a state-backedthat could allow the firm to override local zoning rules. The economic development agency Empire State Development says the stalled project could bring the area nearly 1,800 new housing units, though that residential development is not guaranteed.
“They’d have to eat the value of their land costs, which is hundreds of millions of dollars,” Barowitz said. “It has tremendous value as an office because it’s across the street from Penn Station.” The Historic Districts Council lambasted Vornado’s plans in a statement last week, calling them “unconscionable.”
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