June 9, 2026
A few weeks after announcing the master developer for the redevelopment of Penn Station, Amtrak released the first renderings of the project on Monday. Penn Transformation Partners (PTP), a joint venture led by Halmar and Skanska, is leading the long-awaited redesign of the detested Midtown commuter hub, which aims to transform the station from cramped, dark, and overcrowded into a modern, light-filled civic landmark that can serve 600,000 daily commuters. The overhaul could cost $8 billion; construction is expected to begin late next year.
see the plan