With no tower planned for the top of the James A. Farley Post Office Building, the whereabouts of the 730,000 square feet of office space has been a head-scratcher.
But the Beaux Arts building is roughly the size of four soccer fields and has multiple levels, windows and skylights putting it all under one sprawling roof.
Vornado Realty Trust has taken the lead on marketing the office space with an asking rent that will top triple digits per square foot by the project finish date of 2020, sources said.
The announcement last week that Vornado and Related Companies have closed on the deal to redevelop both Farley and the Moynihan Train Hall comes after many years of thinkin’ and a-prayin’, wishin’ and a-hopin’.
In 1992, the late Sen. Daniel Patrick Moynihan of New York proposed the building become the new Amtrak station. By 1999, President Bill Clinton stood with Moynihan, Gov. George Pataki and others to proclaim it was on its way to reality. The senator died four years later, with his dream left undone.
Vornado and Related won a 2005 RFP for the project that was then recast, rebid and won again last year with Skanska as their construction partner.
Now, the Skidmore, Owings & Merrill design calls for Vornado and Related to have roughly 730,000 square feet of “unique creative office space on the highest level of the building” along with 120,000 square feet of retail throughout the new station complex, Vornado CEO Steve Roth told analysts on a call earlier this year.
Full story at New York Post