15 Penn Plaza
Pelli Clarke Pelli Architects

A skyscraper billed as a rival to the iconic Empire State Building was approved Wednesday by the New York City Council.

The 1,190-foot 15 Penn Plaza is planned for two blocks west of the Empire State Building, drawing criticism that it will alter New York’s famed skyline. Anthony Malkin, owner of the 80-year-old Empire State Building, called the project an “assault on New York City and its iconography.”


But the council overwhelmingly rejected that argument.

“Anybody that builds a building in New York City changes its skyline--we don't have to run around to every other owner and apologize," Mayor Michael Bloomberg told reporters. “One guy owns a building, he'd like to have it be the only tall building--I'm sorry, that's not the real world.  

Developed by the Vornado Realty Trust, a New York-based REIT, the new 67-story office tower will be shorter than the 102-story Empire State Building. But 15 Penn Plaza will loom above the building’s popular 1,050-foot-high observation deck.

Vornado overcame many of the objections by offering to improve the neighborhood’s transit and subway connections.

“Our skyline is always changing and growing,” City Council speaker Christine Quinn said at the meeting. “New York City is not a stagnant city.”

 


Digg!Del.icio.us!Facebook!MySpace!Ask!

Add comment

IPJ Report

A daily feed of news and analysis on the international property business.

kevin-cropped vert 68 x 127

RSS

Author: Kevin Brass has covered the quirks and trends of the global property industry for many than 20 years, including regular features and analysis in the International Herald Tribune and the New York Times.

On the Market

Log on to MyIPJ to submit a listing. Not a member yet? Register here. It's free!


The International Property Journal

An essential resource for global property professionals

The International Property Journal is an independent, authoritative source of news and information for agents, investors and industry executives working in global property markets. Beyond the daily headlines and analysis, we offer research, expert insight, contacts, tools and networking opportunities to serve our core audience of more than 500,000 industry professionals active in buying and selling property internationally.   Read More ...

Subscribe to our newsletter:

Email:
First Name:
Last Name:
Email Marketing by ActiveCampaign