Halmar and Skanska Named Master Developer for New York Penn Station Transformation
The USDOT and Amtrak named Halmar and Skanska as the master developer to transform New York Penn Station, including a new Eighth Avenue entrance, a grand train hall, expanded track capacity with limited through-running, open concourses, and improved wayfinding while preserving Madison Square Garden; the project will be funded with an additional $200 million and aims for groundbreaking by the end of 2027 under a public-private partnership.