Announced

Penn Station Redevelopment

New York City · Park

The Penn Station Redevelopment is a federally led overhaul of New York's Penn Station — the busiest transit hub in the Western Hemisphere — directed by the U.S. Department of Transportation with Amtrak and the Federal Railroad Administration.

Official Website
Last verified Jul 22, 2026
8.4 yrs to delivery
5%
AnnouncedBreaking GroundConstructionOpening SoonNow Open
2034
Completion
Scroll for details
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
Expected groundbreaking 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.
About the project

The Penn Station Redevelopment is a federally led overhaul of New York's Penn Station — the busiest transit hub in the Western Hemisphere — directed by the U.S. Department of Transportation with Amtrak and the Federal Railroad Administration. Master-developed by Penn Transformation Partners, a joint venture of Halmar International and Skanska, with design by Practice for Architecture and Urbanism (PAU), the plan replaces the cramped warren beneath Madison Square Garden with a single-level concourse, ceilings rising above 50 feet, stone and bronze finishes, expanded retail and a grand new Eighth Avenue entrance. Drawing on the Beaux-Arts and Art Deco grandeur of New York's great civic landmarks, the project aims to dramatically improve capacity and the rider experience for Amtrak, NJ Transit and the LIRR.

The New York City market 65 · Elevated supplyMidtown 23-project pipeline · 7,801 residences and keys · peak Late ’28 Explore the market →
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?

Empire State Development, Vornado is the developer behind Penn Station Redevelopment.

Who designed Penn Station Redevelopment?

Penn Station Redevelopment was designed by Skidmore, Owings & Merrill.