MENU SEARCH DEVELOPMENT DEVELOPMENT AN INNOVATIVE DEVELOPER OF ICONIC PROPERTIES Vornado's asset redevelopment capabilities are best in class. The Company has a proven history of successfully transforming yesterday's buildings to meet the needs of today's and tomorrow’s users and our team has demonstrated significant expertise in complex development projects. SCROLL DOWN FOR MORE Vornado's total asset redevelopment capabilities are best in class. The company has a proven history of successfully transforming yesterday's buildings to meet the needs of today's and tomorrow's users. Our team has demonstrated significant expertise with complex planning and have successfully executed difficult development projects. These skills are critical in our core market of New York City, where the best opportunities for value creation are older properties and the conditions are largely unfavorable to ground-up development. The following content is an image carousel with various images of VNO properties. For screen reader users, all slides are visible at all times, so you may disregard the next and previous buttons. A DISTINGUISHED CONTRIBUTOR TO THE URBAN LANDSCAPE Vornado has developed or redeveloped millions of square feet of real estate in New York City. MIXED USE OFFICE RETAIL RESIDENTIAL PENN 1 PENN DISTRICT Vornado is redeveloping the 2.6M SF asset for the office worker of the future. In the fourth quarter of 2019, we commenced our significant renovation program that includes the expansion of the 34th Street office lobby and the creation of over an acre of upgraded plazas. Our amenity package will create a robust new business hub focused on providing a broad range of hospitality to our office tenants and their talent that includes food offerings, a fitness center, along with conferencing and co-working facilities. With the redevelopment of this iconic asset, PENN 1 will spark the transformation of the Penn District into a world-class office campus. MORE PENN 2 PENN DISTRICT Plans are currently being finalized at PENN 2 for a dramatic renovation and expansion project of the existing 1.6 million square foot asset located directly on top of Penn Station. The PENN 2 project will include a full recladding of the facade, new mechanical systems, a completely new lobby and amenity spaces located on the ground, second, and third floors, along with the addition of a striking four-story bustle that will transform both the building and the public realm. New amenities to include a 250+ person auditorium that overlooks Plaza33 and a rooftop terrace with panoramic views over Midtown South and the Hudson River. MORE THE FARLEY BUILDING PENN DISTRICT The Farley Building, a 1912 U.S. Postal Service Building, will be redeveloped into a best-in-class 740,000 SF creative office building, 120,000 SF of curated retail, and 21st century train hall – Moynihan Station. The property is located on the double block bounded by 8th and 9th Avenues and 31st and 33rd Streets, across the street from Penn Station and Madison Square Garden. 731 LEXINGTON AVENUE MIDTOWN EAST In 2005, Vornado completed 731 Lexington Avenue for its Alexanders affiliate. Designed by Cesar and Rafael Pelli, this 1.3 million square foot, 56-story, mixed use tower adjacent to Bloomingdale’s in Manhattan was hailed as “architectural bravura” by The New York Times. It is best known for its signature elliptical courtyard connecting 58th and 59th Streets. The building is the world headquarters of Bloomberg L.P. and offers approximately 250,000 square feet of multitiered, grand-scale retail. It is also the site of One Beacon Court, an exclusive collection of 105 high-value luxury residential condominiums, boasting spectacular views of Central Park and panoramic views of all of New York City. MORE OFFICE STREET RETAIL RESIDENTIAL SIGNAGE DEVELOPMENT By continuing to use this website you are agreeing to our use of cookies as described in our Terms & Conditions and Privacy Policy. OK