A $2.5 Billion Dollar Renovation Is Coming To Midtown’s Penn District — What To Know About The Upcoming ‘Retail Experience’

Heading out to Long Island or New Jersey may look a little different next year—at least when it comes to where you stop to shop along the way. Simply put, a new “retail experience ” is coming to one of the city’s busiest (to say the least) crossroads. 🛠️ A team-up for the new project -------------------------------- Vornado Realty Trust is continuing its upgrades to the Penn District , teaming with Newmark to bring a street-level shopping corridor to Seventh Avenue between 33rd and 34th Streets , just steps from the chaos of Penn Station . The corridor is part of a $2.5 billion Penn District project aimed at reworking the area around the transit hub into a mixed-use neighborhood with offices, retail, and public spaces. 🏙️ Midtown redevelopment ---------------------------- Over the past decade, Vornado has redeveloped 5 million square feet of Class A offices , created 300,000 square feet of public plazas , and added 1.1 million square feet of new retail , drawing over 70 curated food and beverage operators to the area. Glen Weiss, executive vice president and co-head of real estate at Vornado, said: > Through our redevelopment of the Penn District, we have thoughtfully curated a diverse blend of local and nationally owned restaurants, cafes and shops that offer something for all workers, residents, commuters and visitors who experience the neighborhood on a daily basis. We have methodically remade the Penn District as a 24/7 neighborhood for every occasion and every taste. The current buildings along the corridor—labeled by Vornado as “junk retail”—will be demolished in phases . The plan calls for three-story retail boxes designed specifically for traditional retailers rather than restaurants or fast food. Demolition is expected to begin later this year , with the new Seventh Avenue retail corridor projected to open in 2027 . Once complete, the project will add a new stretch of storefronts to an area already defined by constant foot traffic, ongoing construction, and some of the city’s most heavily used transit connections —further changing how New Yorkers move through, shop in, and experience the blocks surrounding Penn Station. Source: https://secretnyc.co/penn-district-redevelopment-shopping-corridor-nyc/