The MTA plans to expand Metro-North service, which currently terminates at Grand Central Station on the east side, to include some trains that terminate at Penn Station on the west side of Manhattan. While this service expansion is said to be relatively inexpensive, since the necessary rail lines to accommodate the new routes already exist, it is only feasible if the authority can complete its East...

The East Side Access Project has received a United States Department of Transportation grant for $210 million according to Senators Charles Schumer and Hillary Clinton. The cost of the project is $7.2 billion. About $3 million in funding is still needed for the project which will connect Long Island Rail Road trains to Grand Central Station. A milestone for the project was recently achieved when...

An 85 story mixed hotel and residential tower is planned to be built next to the Museum of Modern Art (MoMA). Some are concerned that the height of the new building (1,250 feet) may overshadow the original MoMA building as well as block sunlight on the sidewalks and streets below.

Africa Israel, the owner of the Clock Tower on Madison Avenue, has hired Versace, the high-end Italian brand to design the interiors of the building. The Clock Tower, which once functioned as MetLife’s headquarters, will be redeveloped into condominiums. The final project will include 55 luxury apartments, a restaurant, and a spa and its estimated worth is $1 billion once completed.

Metropolitan Transportation Authority (MTA) officials have announced that tunnel boring machines working underground have reached Grand Central Terminal in their path to extend the Long Island Rail Road to Grand Central. The project, known as the East Side Access, is scheduled for completion in 2015 at a total cost of $7.2 billion. Some observers applauded the announcement, citing the project’s benefits...

Some government officials are concerned that high costs related to the Port Authority’s stringent security requirements for the development site at West 37th Street and Ninth Avenue are threatening the real estate deal and planned development of the site. The Port Authority agreed to sell the development rights for the site, which is currently occupied by several Lincoln Tunnel entrance ramps that...

Progress is being made on the MTA’s East Side Access project that will connect the Long Island Rail Road to Grand Central Station. The project has been underway for the past 8 months and a boring machine has dug from 63rd Street to Grand Central Terminal. Another parallel tunnel still needs to be dug. Another section will also be dug under Park Avenue and is expected to take 6-8 months.

Former New York Jets President, Jay Cross, has joined Hudson Yards developer, Related, to head the development team for the area he knows so well. Related hired Cross due to his extensive knowledge of the complicated site, dating back to the failed Jets' bid to build a stadium at the site, as well as his real estate development experience. There is speculation that adding him to the team will provide...

Two large shafts are being dug on the West Side in Midtown in order to lower the machines which will bore the tunnels for the new Number 7 train extension. These machines will not be in the city until early next year, but work is expected to be completed, for the new station and train storage area on 34th Street and 11th Avenue, by 2013.

30 West 47th Street, owned by Fifth Avenue Jewelers Exchange, was recently purchased by the Extell Development Company. The building has a maximum build-out of 90,000 square feet but is only built up to 55,000 square feet currently. The site is nearby to the location of the Diamond Tower and Extell says that they are assembling air rights for the Tower by purchasing nearby structures.