New Renderings Released of Future Redevelopment
Penn Station Partners, a Baltimore-based global development team leading the transformation and renewal of the city’s main transportation hub, today released the newest renderings of its state-of-the-art redevelopment of the historic Pennsylvania Station. Originally built in 1911, the last major renovation of Penn Station was in 1984.
Penn Station Partners’ master conceptual plan includes the full historic preservation of the station. Led by Beatty Development Group and Cross Street Partners, Penn Station Partners are working closely with Amtrak to redevelop and repair the facility by making vital core and exterior improvements to enhance the station’s appearance and increase overall functionality.
"These latest renderings showcase the incredible potential of Penn Station for the surrounding community, the City of Baltimore, and the entire State of Maryland," said Michael Beatty, President of Beatty Development Group. "This transformational project is long overdue, but one that we know will positively impact local Baltimore residents well as the millions of visitors the city welcomes through Penn Station each year."
"The redevelopment and revitalization of Baltimore's Penn Station and the surrounding district is critical to the economic health of the city, especially as we all continue to rebuild from the COVID-19 pandemic," said Bill Struever, CEO of Cross Street Partners. "We are immensely grateful for the support of Amtrak as we continue laying the groundwork for this project and we look forward to more support from our public sector partners in the months to come."
Through adaptive reuse, the development team will respect the historical character of Penn Station while introducing modern sensibility and style. The usable spaces will be programmed with new retail and restaurants on the concourse level, as well as office space on three upper levels. A repurposed Penn Station will serve as the prominent anchor for all future development that springs up on the adjacent properties while remaining the lively beating heart of the vibrant surrounding neighborhoods.
A brand-new station expansion will be connected and integrated with the existing station and with a new planned high-speed rail platform, modernizing station functions and increasing capacity. Transit functions, such as ticketing and baggage, will be relocated to the new station expansion, freeing up the concourse level of Penn Station for commercial uses.
Finally, the mixed-use Lanvale building will become a major new waypoint for Penn Station, creating additional density with quality commercial and residential uses. An inviting street-level retail program will seamlessly integrate with the station expansion, creating a vibrant, 24/7 atmosphere.
Amtrak has made a significant financial commitment to Baltimore Penn Station with a planned investment of up to $90 million over the next several years.
The development framework and station area improvements will leverage additional Northeast Corridor infrastructure and capacity improvements, including the new Amtrak high-speed rail expansion effort currently underway. The first phase of rail infrastructure work at Baltimore Penn Station includes the renovation of an existing platform to bring it back into service, and the construction of an additional platform.
