List Your Equipment For Free  /  Seller Login

Construction Begins on Moynihan Train Hall at Penn-Farley Complex

The $1.6 billion project, which began with demolition in September 2016, is now ready for work to begin to turn it into a new train hall.

Fri August 18, 2017 - Northeast Edition
Emily Buenzle


New York Gov. Andrew Cuomo announced Aug. 16 that the process has officially begun to transform the James A. Farley Post Office building, located across the street from Penn Station, into the new Moynihan Train Hall, Curbed reported.

The $1.6 billion project, which began with demolition in September 2016, is now ready for work to begin to turn it into a new train hall. When completed, the 255,000-sq.-ft. hall will have nine platforms, 17 tracks, 11 escalators, seven elevators and a 92-ft.-tall skylight. In addition, the space will contain 700,000 sq. ft. of commercial retail and dining area. The building will connect with the Eight Avenue Subway, and there will also be a brand-new entrance to the Penn-Farley complex on Ninth Avenue, Curbed reported.

"For decades, passengers were promised a world-class train hall worthy of New York — today, we are delivering on that promise and turning that dream into a reality," said Cuomo in a statement. "With better access to trains and subways, vibrant retail and business opportunities and stunning architectural design, we are bringing Penn Station into the 21st century."

Funding

A developer-builder team consisting of Related Companies, Vornado Realty LP and Skanska USA have contributed $630 million toward the project's total cost. Because of this, the group has secured a 99-year lease on the Farley Building, The New York Times reported. The remainder of the project's funds will be given by New York State, Amtrak, the MTA and the Port Authority, Curbed reported.

Construction should be completed by 2020.




Today's top stories

Florida's Sarasota Bradenton International Airport Sees $105M Terminal Expansion

Louisville Pump Station Receives $230M Update

Rokbak Haul Track Telematics Boost Uptime With Proactive Maintenance

SISO Air, InTerra Form Strategic Reseller Agreement

Hitachi Construction Machinery Wins Silver in 2024 Anthem Award

Balfour Beatty's Carolinas Operations Selected for Over $36M in Special Project Works

Caterpillar to Spotlight 'Next 100 Years' at CES 2025

Liebherr to Exhibit at World of Concrete 2025


 







\\ \\ \\