The Port Authority on Thursday showed off the three finalist designs for a proposed skyscraper atop its bus terminal at Eighth Avenue and 42nd Street.
The 40-story, 1.3 million-square-foot, office tower would sit atop the bus terminal’s north wing. Some have questioned whether the project is feasible in the current economic climate with soaring construction costs and tightening of the credit market.
The building, a subject of proposals for seven years, is a joint venture of Vornado Realty and affiliates of the Lawrence Ruben Company. It would bring the Port Authority $500 million and a portion of rents over the course of the 99-year lease for the air rights above the facility. In addition, the plan includes 60,000 square feet of retail space and expansion of the bus terminal’s capacity.
Kohn Pederson Fox Architects
Pelli Clarke Pelli Architects
Rogers Stirk Harbour & Partners
