Led by the developer-builder team of Related Companies, Vornado Realty LP, and Skanska USA, the conversion of the James A. Farley Post Office in Midtown is undergoing a conversion into the Moynihan Train Hall and will become part of the Penn-Farley transit and retail complex. The developers have contributed $630 million towards the construction of the project and they will control a 99-year lease on the Farley Building when complete. The State of New York, Amtrak, the MTA, and the Port Authority have contributed an additional $1.6 billion to the construction of the project as well.
The Penn-Farley Moynihan Train Hall will feature 255,000 SF of total development offering 9 platforms and 17 tracks, all under a 92-foot high skylight. The Moynihan Train Hall will also offer an entrance to Penn-Farley via Ninth avenue as well as direct connection to the 8th Avenue Subway. The Farley building will offer 700,000 SF commercial space including retail and entertainment.
“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,” Cuomo said 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."
The Penn-Farley Moynihan Train Hall is expected to be completed and open for operation by 2020 after construction first commenced in 2016.
Photos via SOM