Vornado Realty Trust Taps Newmark to Lead Penn District Retail Revamp

Reuters02-02 21:31

$Vornado Realty Trust(VNO-N)$ Taps Newmark to Lead Penn District Retail Revamp

Vornado Realty Trust has engaged Newmark as the exclusive leasing agent for the next phase of its retail transformation in THE PENN DISTRICT on Manhattan’s West Side. This initiative is part of Vornado’s ongoing $2.5 billion revitalization of the area, which includes redeveloping over 5 million square feet of Class A office space, creating more than 300,000 square feet of public plazas, and introducing 1.1 million square feet of new retail space. The current phase focuses on developing a cohesive street-level retail experience along Seventh Avenue between 33rd and 34th Streets, complementing anchors like Macy’s and Primark’s upcoming 78,000 square foot flagship store. Newmark will also collaborate on the Moynihan Retail Corridor, central to the Moynihan Train Hall.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vornado Realty Trust published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9646245-en) on February 02, 2026, and is solely responsible for the information contained therein.

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