A new rendering of the office tower proposed as a Hotel Pennsylvania replacement was presented to investors this week, the New York Post reported Wednesday. Vornado Realty Trust, the owners of the century-old hotel at 15 Penn Plaza, showed off a revised design for the supertall and it looks like the tower will feature a futuristic facade, with outdoor terrace-like space on nearly every level and lots of trees and plants. The site, currently home to the hotel, sits across from Madison Square Garden on the east side of Seventh Avenue between West 32nd and 33rd Streets.
A rendering of the Pelli Clarke Pelli design for 15 Penn Plaza, courtesy of Vornado
Plans to replace the century-old Hotel Pennsylvania with a 1,216-foot office building have surfaced again. Financial firms Morgan Stanley and Deutsche Bank are reportedly contemplating a move to Vornado Realty Trust’s planned supertall skyscraper, 15 Penn Plaza, according to the Post. Vornado first won the city’s approval in 2007 to build a supertall at the location of Hotel Pennsylvania on Seventh Avenue and nearly signed a deal with Merrill Lynch to be a tenant until the financial crisis dissolved the agreement. This design, by Pelli Clarke Pelli, is being presented to the firms along with new options says a source.