Beleaguered financial giant Merrill Lynch has "given every indication" that it intends to move from downtown to a new skyscraper where the historic Hotel Pennsylvania now stands at 401 Seventh Avenue, according to today’s Times.
The Hotel Pennsylvania demolition project requires public approval, which could take a year, and would entail building over the railroad tracks that run beneath the hotel and pose engineering and security challenges.
A committee of the local Community Board 5 meets Tuesday to discuss whether the hotel merits consideration as a protected landmark. The meeting takes place at 6 p.m. on Oct. 30 at 227 West 27th Street, 8th floor, Rm A802.
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