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Just after the news that Governor Cuomo wants to rezone commercial Midtown buildings into residential to reduce the oversupply, here come almost 3+M more square feet.
PENN 15 will replace the shuttered 1,700-room Hotel Pennsylvania on Seventh Avenue between West 32nd and 33rd Streets. The tower will fall under the recently adopted Empire State Complex General Project Plan, which will allow ten new skyscraping towers to rise around Penn Station (with some concessions).
— Urbanize NYC
