Passenger Three groups shortlisted for Penn Station redevelopment

Three groups shortlisted for Penn Station redevelopment

By David Lassen | January 22, 2026

Master developer for New York project to be selected in May, Amtrak says

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Exterior view of Penn Station entrance with Madison Square Garden in the background
A rendering from 2023 of a new Penn Station entrance, as proposed by New York Gov. Kathy Hochul. Three groups have been shortlisted for redeveloping the station. Office of New York Gov. Kathy Hochul

NEW YORK — Amtrak has released a shortlist of three consortia to be considered for the renovation of New York’s Penn Station.

A post on Amtrak’s procurement portal as of Tuesday, Jan. 20, provides a list of three groups and their lead developers:

  • Grand Penn Partners [Macquarie]
  • Penn Forward Now [Fengate]
  • Penn Transformation Partners [Halmar]

The post includes nothing beyond the names of the groups, but the news site Gothamist provides some additional information. It says Grand Penn seeks a neoclassical design and seeks to move Madison Square Garden from its current location above the station, while the Halmar group would leave the arena in place and renovate the station without expanding service. Penn Forward Now, which includes developers Tutor, Parsons, and ARUP, has not shared a design proposal.

An Amtrak spokesman told the Streetsblog NYC site that a master developer will be selected in May and announced in June.

Former New York City Transit President Andy Byford was named last year to lead the station project for Amtrak, following the Trump administration’s move to transfer responsibility for the renovation from the Metropolitan Transportation Authority to the Federal Railroad Administration and Amtrak [see “Byford, former New York City Transit head, to oversee …,” Trains.com, May 23, 2025].

The process of selecting a master developer began last October; the timeline announced at that time calls for construction to begin by the end of 2027 [see “Process begins …,” Oct. 31, 2025].

— To report news or errors, contact trainsnewswire@firecrown.com.

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