03.25.2026 Vornado gobbles up McDonald’s, air rights near Penn Station
Vornado Realty Trust’s large apartment tower planned by Penn Station could potentially be getting even larger.
Over the last few weeks the developer has inked a series of deals near the corner of Eighth Avenue and West 34th Street that could give it tens of thousands of additional square feet for a high-rise planned at the site.
In the most high-profile transaction of the bunch, Vornado gobbled up a longtime and occasionally troubled McDonald’s restaurant for $12 million, according to a deed that appeared in the city register Tuesday. The 9,400-square-foot structure between West 34th and West 35th streets went into contact and closed the same day, March 19, the register shows.