Developers RXR and TF Cornerstone plan to replace the Commodore Hotel with a 1,575-foot tower valued up to $6.5 billion, marking it America's tallest and most expensive.
The project's financial backbone relies on an unusual strategy, as they aim to secure nearly $4.84 billion in federal loans designed for transit infrastructure improvements.
Renderings of the proposed mega-tower highlight its size compared to iconic buildings like the Chrysler Building, reinforcing its significance in NYC's skyline.
As the site’s redevelopment unfolds, discussions about improving the historic train terminal and subway station indicate that the project seeks a broader urban upgrade.
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