The American subsidiary of Italian firm ASTM was unveiled as the winner to develop a new Penn Station, with plans to build a grand entrance on the Eighth Ave. side of the nation’s busiest rail hub. Halmar’s bid beat out two other competitors.

21 May 2026 | 10:42

The Trump administration announced that it will rebuild Penn Station with Madison Square Garden remaining on top, but reclad in a “classic look” and with a new train hall on Eighth Avenue where the Madison Square Garden theater is now.

A consortium led by Halmar International was selected to be the Master...