A vision for a reimagined Penn Station is finally coming into focus after Amtrak and the federal government selected the winning party to serve as master developer of the project. Penn Transformation Partners emerged victorious in the contest to control the redevelopment, Gothamist reported. Other competitors included Grand Penn Partners, a team led by Macquarie Group and Penn Forward, led by Fengate. Penn Transformation includes the likers of Halmar International, which is constructing the Second Avenue subway extension, and Steven Roth’s Vornado Realty Trust. Vornado has a vested interest in the revival of the transit hub, as it owns a […]

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