Announced

Penn Station Redevelopment

The Penn Station Redevelopment is a federally led, roughly $7 billion transformation of the Western Hemisphere's busiest transit hub, serving more than 600,000 daily riders beneath Midtown Manhattan.

Official Website
2034
Completion
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Details

Completing 2034. Financed with $200M in May 2026.

The story so far
Announced 2026 est.
Financing secured May 2026$200M additional federal investment announced for the Penn Station overhaul, on top of the April 2025 $43M grant; balance via federal loans, private financing and Penn Transformation Partners equity (Amtrak, official)
media.amtrak.com
Master developer selected May 20, 2026USDOT and Amtrak name Penn Transformation Partners (Halmar and Skanska) to lead the rebuild, with work expected to start by the end of 2027
therealdeal.com
Design unveiled for $8 billion Penn Station overhaul Jun 2026USDOT, Amtrak and Penn Transformation Partners revealed the PAU design with HOK and HNTB, covering roughly 150,000 square metres from tracks and platforms up to street-level public space, with construction expected to begin in 2027 and finish by 2034.
railjournal.com
Design unveiled Jun 8, 2026USDOT, Amtrak and Penn Transformation Partners (Halmar and Skanska) unveil PAU's design for a single-level concourse and new Eighth Avenue train hall, keeping Madison Square Garden in place; construction targeted to start by end of 2027
media.amtrak.com
Master developer picked and design unveiled Jun 8, 2026Amtrak and USDOT named Penn Transformation Partners, a Halmar and Skanska joint venture, with PAU as designer, targeting a groundbreaking by the end of 2027
dezeen.com
Expected groundbreaking Late 2027 est.
Expected opening 2034
Milestones are dated to when they actually happened and linked to their source. This record fills in over time as TMW tracks the project.
TMW IntelligenceVerified Oct 17, 2026
AnnouncedBreaking GroundConstructionOpening SoonNow Open
TMW Intelligence

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About the project

The Penn Station Redevelopment is a federally led, roughly $7 billion transformation of the Western Hemisphere's busiest transit hub, serving more than 600,000 daily riders beneath Midtown Manhattan. Led by USDOT and Amtrak with master developer Penn Transformation Partners, a Halmar and Skanska team, the design by PAU (Practice for Architecture and Urbanism) with HOK and HNTB returns the station to its classical roots: a stone facade with rows of Roman-style columns, a light-filled single-level ADA-accessible concourse replacing the cramped underground warren, and a new grand train hall and entrance on Eighth Avenue finished in bronze and stone. Madison Square Garden remains in place while the Hulu Theater is demolished to open up the station below, and the scheme is scoped to enable at least limited through-running on the regional rail network for the first time. An approximately 90-foot-tall, 150,000-square-foot new exterior building will surround the Garden.

Companies and contacts

Every firm on Penn Station Redevelopment, the office nearest it, and the people who work on it.

Common questions

Frequently asked

Where is Penn Station Redevelopment located?

Penn Station Redevelopment is located in New York City.

When will Penn Station Redevelopment be built?

Penn Station Redevelopment is an announced development that has not yet started construction, targeting completion in 2034.

Who is developing Penn Station Redevelopment?

Halmar International, Skanska is the developer behind Penn Station Redevelopment.

Who designed Penn Station Redevelopment?

Penn Station Redevelopment was designed by Practice for Architecture and Urbanism.

Who is financing Penn Station Redevelopment?

Penn Station Redevelopment secured $200M in financing in 05.26.