Vornado Realty Trust
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Vornado Realty Trust
Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan. Investments Notable properties owned by the company include: * New York Marriott Marquis (Retail & signage) * 1540 Broadway (Retail & signage) * 510 Fifth Avenue (Retail) * 660 Fifth Avenue (Retail) * 770 Broadway * 888 Seventh Avenue * Crowne Plaza Hotel, Times Square (Retail & office) * Fuller Building * Penn 1 ( One Penn Plaza) * Rego Center * Hotel Pennsylvania, to be redeveloped into 15 Penn Plaza The company also owns: * 70% of 555 California Street in San Francisco, California (30% is owned by affiliates of Donald Trump) * 70% of 1290 Avenues of the Americas in New York City (30% is owned by Donald Trump) * Merchandise Mart in Chicago, Illinois * 32.4% of Alexander's, which owns 731 Lexington Avenue History Two Guys The origins of the company can be traced back to th ...
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Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not ( unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc ...
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1540 Broadway
1540 Broadway, formerly the Bertelsmann Building, is a 44-story office building on Times Square in the Theater District neighborhood of Manhattan in New York City. Designed by David Childs of Skidmore, Owings & Merrill (SOM), the building was developed by Broadway State Partners, a joint venture between Bruce Eichner and VMS Development. 1540 Broadway occupies a site bounded by Broadway to the west, 45th Street to the south, and 46th Street to the north. It was originally named for its anchor tenant, German media company Bertelsmann. The building is divided into two ownership units: HSBC and Edge Funds Advisors own the office stories, while Vornado Realty Trust owns retail space at the base. 1540 Broadway consists of a low base, as well as a tower section measuring to its spire. An outwardly projecting "prow" extends from the western side of the building. The facade is designed with large signs at the base, with a main office entrance on 45th Street. The upper stories contai ...
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San Francisco, California
San Francisco (; Spanish for " Saint Francis"), officially the City and County of San Francisco, is the commercial, financial, and cultural center of Northern California. The city proper is the fourth most populous in California and 17th most populous in the United States, with 815,201 residents as of 2021. It covers a land area of , at the end of the San Francisco Peninsula, making it the second most densely populated large U.S. city after New York City, and the fifth most densely populated U.S. county, behind only four of the five New York City boroughs. Among the 91 U.S. cities proper with over 250,000 residents, San Francisco was ranked first by per capita income (at $160,749) and sixth by aggregate income as of 2021. Colloquial nicknames for San Francisco include ''SF'', ''San Fran'', ''The '', ''Frisco'', and ''Baghdad by the Bay''. San Francisco and the surrounding San Francisco Bay Area are a global center of economic activity and the arts and sciences, spurred ...
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555 California Street
555 California Street, formerly Bank of America Center, is a 52-story skyscraper in San Francisco, California. It is the fourth tallest building in the city as of February 2021, and in 2013 was the largest by floor area. Completed in 1969, the tower was the tallest building west of the Mississippi River until the completion of the Transamerica Pyramid in 1972, and the world headquarters of Bank of America until the 1998 merger with NationsBank, when the company moved its headquarters to the Bank of America Corporate Center in Charlotte, North Carolina. It is currently owned by Vornado Realty Trust and The Trump Organization. Background Colloquially known as "Triple Five" and/or "Triple Nickel", 555 California Street was meant to display the wealth, power, and importance of Bank of America. Design was by Wurster, Bernardi and Emmons and Skidmore, Owings and Merrill, with architect Pietro Belluschi consulting; structural engineering was by the San Francisco firm H. J. Br ...
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15 Penn Plaza
15 Penn Plaza, also known as PENN15 and Vornado Tower, is a planned office tower to be constructed by Vornado Realty Trust on Seventh Avenue between 32nd and 33rd Streets, on the site of present-day Hotel Pennsylvania, in the Midtown Manhattan neighborhood of New York City. Zoning approval overcame opposition by the owner of the similarly-sized Empire State Building, worried about views of the building 2 blocks to the east, as well as historic preservationists worried about the demolition of the Hotel Pennsylvania. The building is designed by Foster and Partners and will contain 430 units on 68 floors and of floor space. Despite only having 68 floors, it is planned to be tall, shorter than the Empire State Building two blocks east. It will include several subway entrances and will link Penn Station with the 34th Street–Herald Square station. Completion is expected at the end of the decade. Controversy Anthony and Peter L. Malkin, owners of the historic structure, had requ ...
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Hotel Pennsylvania
The Hotel Pennsylvania was a historic hotel at 401 Seventh Avenue (15 Penn Plaza) in Manhattan, across the street from Pennsylvania Station and Madison Square Garden in New York City. Opened in 1919, it was once the largest hotel in the world. It remained the fourth largest in New York City when it closed permanently on April 1, 2020. After years of unsuccessful preservation battles, it is being demolished and replaced by 15 Penn Plaza, a 68-story tower. History In the late 19th century, the site around the Hotel Pennsylvania was mostly residential, with three- and four-story row houses and four- and five-story tenements. The Pennsylvania Railroad (PRR) had completed the original Pennsylvania Station in Midtown Manhattan, New York City, in 1910. In construction with the railroad station's opening, the PRR had acquired all lots on the eastern side of Seventh Avenue between 31st and 33rd Streets, directly east of the station, though the railroad did not initially develop the ...
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Rego Center
Rego Center is a shopping mall bordered by the Long Island Expressway, Junction Boulevard, Queens Boulevard, 63rd Drive, and 99th Street in the Rego Park neighborhood of Queens in New York City. History The property was originally the only Queens location of Alexander's, a New York City department store. Caldor had bought up the location and was in the processes of opening their store in the fall of 1995 but those plans were stalled when the chain filed for bankruptcy that year. Sears later opened in 1996. Phase II of the mall, which is an annex to the already open Phase I, opened on March 3, 2010 with of retail space. Costco with , At Home with , and T.J. Maxx have opened. Retailers also include Bed Bath and Beyond, Marshalls, Old Navy and Burlington Coat Factory in Phase I. An Aldi supermarket also opened on level 1 in February 2011. The nearest competitor malls are Queens Center and Queens Place Mall. , Vornado Realty Trust, the mall's owner, is developing a 24-story ...
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One Penn Plaza
Penn 1 (originally One Penn Plaza) is a skyscraper in New York City, located between 33rd Street and 34th Street, west of Seventh Avenue, and adjacent to Pennsylvania Station and Madison Square Garden. It is the tallest building in the Pennsylvania Plaza complex of office buildings, hotels, and entertainment facilities. The building is assigned its own ZIP Code, 10119; it was one of 41 buildings in Manhattan that had their own ZIP Codes . Architecture The skyscraper was designed by Kahn & Jacobs and completed in 1972. It reaches with 57 floors. The tower has three setbacks: at the 7th, 14th, and 55th floors. From its location on the west side of Manhattan, most south, west and north-facing tenants have unobstructed views of the Hudson River. One Penn Plaza is built with structural steel and concrete, with grey solar glass and anodized aluminum on the outside walls. The building has 14 entrances and 44 elevators in seven banks. An underground parking garage provides 6 ...
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Penn 1
Penn 1 (originally One Penn Plaza) is a skyscraper in New York City, located between 33rd Street and 34th Street, west of Seventh Avenue, and adjacent to Pennsylvania Station and Madison Square Garden. It is the tallest building in the Pennsylvania Plaza complex of office buildings, hotels, and entertainment facilities. The building is assigned its own ZIP Code, 10119; it was one of 41 buildings in Manhattan that had their own ZIP Codes . Architecture The skyscraper was designed by Kahn & Jacobs and completed in 1972. It reaches with 57 floors. The tower has three setbacks: at the 7th, 14th, and 55th floors. From its location on the west side of Manhattan, most south, west and north-facing tenants have unobstructed views of the Hudson River. One Penn Plaza is built with structural steel and concrete, with grey solar glass and anodized aluminum on the outside walls. The building has 14 entrances and 44 elevators in seven banks. An underground parking garage provide ...
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Fuller Building
The Fuller Building is a skyscraper at 57th Street and Madison Avenue in the Midtown Manhattan neighborhood of New York City. Designed by Walker & Gillette, it was erected between 1928 and 1929. The building is named for its original main occupant, the Fuller Construction Company, which moved from the Flatiron Building. The 40-story building is designed in the Art Deco style and contains numerous setbacks as mandated by the 1916 Zoning Resolution. The facade of the lowest six stories are clad with black granite and contain large display windows for stores, as well as large windows for art galleries. The triple-height main entrance is decorated with architectural sculpture by Elie Nadelman. The remaining stories are largely designed with light cast stone and smaller windows. The interior has richly decorated vestibules and lobby featuring marble walls, bronze detailing, and mosaic floors. The Fuller Building was constructed as part of the artistic hub that occupied East 57 ...
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Crowne Plaza Hotel, Times Square
The Crowne Plaza Times Square Manhattan (originally the Holiday Inn Crowne Plaza Manhattan) is a hotel at 1601 Broadway, between 48th and 49th Streets, in the Theater District of Midtown Manhattan in New York City. The hotel is operated by third-party franchisee Highgate and is part of the Intercontinental Hotels Group's Crowne Plaza chain. It has 795 guestrooms. The hotel was designed by Alan Lapidus and is tall with 46 floors. The facade was designed in glass and pink granite, with a arch facing Broadway. The hotel was designed to comply with city regulations that required deep setbacks at the base, as well as large illuminated signs. In addition to the hotel rooms themselves, the Crowne Plaza Times Square contains ground-story retail space, nine stories of office space, and a 159-space parking garage. The hotel's tenants include the American Management Association, and Learning Tree International; in addition, New York Sports Club was a former tenant. Developer Willia ...
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888 Seventh Avenue
888 Seventh Avenue is a 628 ft (191m) tall modern-style office skyscraper in Midtown Manhattan which was completed in 1969 and has 46 floors. Emery Roth & Sons designed the building. 888 Seventh Avenue is "L"-shaped in plan, with wings extending north to 57th Street and east to Seventh Avenue, around the adjacent Rodin Studios. It currently carries the Vornado Realty Trust corporate headquarters. Previously known as the Arlen Building, it had been named for the company responsible for its construction, Arlen Realty & Development Corporation. The Red Eye Grill is located in the building at street level. Moed de Armas renovated the Lobby, Elevators & Plaza in 2006, cladding them with white marble. The HVAC was also extensively renovated and the building was later given gold certification by the Leadership in Energy and Environmental Design. The building is assigned its own ZIP Code, 10106; it was one of 41 buildings in Manhattan that had their own ZIP Codes . Tenants * ...
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