A development team comprising Related Companies, Vornado Realty and Skanska has been selected by the New York state to redevelop the James A. Farley post office in Manhattan, US.
The $1.6bn project will transform the Farley post office building — adjacent to Penn Station — into a new 23,700sq m train hall to house passenger facilities for the Long Island Rail Road and Amtrak.
The redevelopment will also feature 10,400sq m of retail and about 54,600sq m of office space.
New York governor Andrew M. Cuomo said: “With more than twice the passengers of all JFK, LaGuardia, and Newark airports combined, the current Penn Station is overcrowded, decrepit, and claustrophobic.
“The Moynihan Train Hall will have more space than Grand Central’s main concourse, housing both Amtrak and LIRR ticketing and waiting areas, along with state-of-the-art security features, a modern, digital passenger experience, and a host of dining and retail options.”
Amtrak board chairman Anthony Coscia said: “We applaud Governor Cuomo's leadership in transforming the Farley Post Office building into a state-of-the-art rail station.
“In addition to the new Moynihan Train Hall, which will serve as Amtrak’s future station in Manhattan, this project will allow for enhancements at Penn Station that will significantly improve the customer experience for its many users.”
Preconstruction work is expected to commence in the end of 2016, with the new train hall anticipated to be complete by December 2020.