262 Fifth Avenue

Last updated

262 Fifth Avenue
262 Fifth Avenue Photomontage.jpg
Artist's impression
262 Fifth Avenue
General information
StatusUnder construction
ClassificationResidential
Coordinates 40°44′43″N73°59′13.5″W / 40.74528°N 73.987083°W / 40.74528; -73.987083
Height860 feet (260 m)
Technical details
Floor count54
Design and construction
Architect(s) Meganom
Developer Five Points Development

262 Fifth Avenue is a residential skyscraper under construction in Manhattan, New York City. Five Points Development is developing the building, which is being designed by architectural firm Meganom. SLCE Architects is the executive architect.

Contents

Site history and development

262 Fifth Avenue under construction in July 2023 262 Fifth Avenue Under Construction - July 2023 - by MainlyTwelve.jpg
262 Fifth Avenue under construction in July 2023

Boris Kuzinez purchased the buildings at 260, 262, and 264 Fifth Avenue in 2015 and 2016 for a total of $101.8 million. [1] [2] Kuzinez also purchased air rights for $5.8 million. [2] In September 2016, SLCE Architects applied to build a 54-story, 928-foot (283 m) structure on the site at 262 Fifth Avenue designed by Russian firm Meganom. [1] Before receiving the commission to design 262 Fifth Avenue, Meganom had not designed a building in the United States. [3] Five Points JV, L.P. acted as the representative of the site's owner. [1] Demolition of the structure at 262 Fifth Avenue was completed by September 2017. [4] Nikolai Fedak, writing for New York YIMBY, compared plans to incorporate 260 Fifth Avenue into the new building's base to plans for 111 West 57th Street. [4]

In January 2019, New York YIMBY reported that work on the building was apparently not progressing. [5] Work had resumed by November 2021 with the start of excavation. [6] In 2022, work began on the structure's foundation. [7] Between August and December 2022, the planned height of the structure was reduced from 1,043 to 860 feet (318 to 262 m). [8] [9] The building topped out in April 2024. [10]

Usage

The building will include 139,168 sq ft (12,929.1 m2) of residential space, split over 26 apartments, [11] and 10,850 sq ft (1,008 m2) of retail space. [7]

Controversy

The building has garnered significant public backlash during its construction for obstructing views of the Empire State Building from many viewpoints south of 28th street, including almost all of Madison Square Park, which had previously been a popular vantage point for tourists. [12] [13] Additional backlash targeted the building's design, an example of the pencil tower trend, as well as the fact that, despite rising to a planned 860 feet (262 meters), the building would feature only 26 ultra-luxury residential units. [14] These criticisms raised questions about New York's zoning laws and the need to regulate the construction of such towers. [12] [13]

See also

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References

  1. 1 2 3 Baird-Remba, Rebecca (September 23, 2016). "Permits Filed for 54-Story, 928-Foot Condo Building at 262 Fifth Avenue". New York YIMBY. Retrieved January 10, 2023.
  2. 1 2 Parker, Will; Doles, Kyna (February 5, 2016). "Israeli-Russian Billionaire Adds to Fifth Avenue Assemblage with $59M Buy". The Real Deal New York. Retrieved January 10, 2023.
  3. ↑ McKnight, Jenna (May 31, 2017). "Skinny Supertall Tower by Meganom Unveiled for New York". Dezeen. Retrieved April 3, 2023.
  4. 1 2 Fedak, Nikolai (September 20, 2017). "Demolition Complete for Supertall 262 Fifth Avenue, Midtown South". New York YIMBY. Retrieved January 10, 2023.
  5. ↑ Young, Michael (January 2, 2019). "NoMad's First Planned Supertall At 262 Fifth Avenue Appears Stalled, In Midtown Manhattan". New York YIMBY. Retrieved January 10, 2023.
  6. ↑ Young, Michael (November 25, 2021). "Activity Resumes on 1,011-Foot Supertall at 262 Fifth Avenue in NoMad, Manhattan". New York YIMBY. Retrieved January 10, 2023.
  7. 1 2 Young, Michael; Pruznick, Matt (August 3, 2022). "Foundation Work Underway for 262 Fifth Avenue Supertall in NoMad, Manhattan". New York YIMBY. Retrieved January 11, 2023.
  8. ↑ Young, Michael; Pruznick, Matt (December 24, 2022). "262 Fifth Avenue Residential Supertall Begins Ascent in NoMad, Manhattan". New York YIMBY. Retrieved January 11, 2023.
  9. ↑ Young, Michael; Pruznick, Matt (February 23, 2023). "262 Fifth Avenue Continues Ascent in NoMad, Manhattan". New York YIMBY.
  10. ↑ Young, Michael (April 9, 2024). "262 Fifth Avenue Structurally Tops Out Over NoMad, Manhattan". New York YIMBY. Archived from the original on April 9, 2024. Retrieved April 9, 2024.
  11. ↑ Elstein, Aaron (June 29, 2023). "Midtown's Latest Ultra-Thin Residential Building Will Hold 26 Apartments". Crain's New York Business. Retrieved July 1, 2023.
  12. 1 2 Kimmelman, Michael (October 25, 2023). "When the Skyscraper You Hate Blocks the Skyscraper You Love". The New York Times. Retrieved April 4, 2024.
  13. 1 2 Demopoulos, Alaina (October 25, 2023). "New Yorkers Rail Against Luxury Tower Blocking Empire State Building: 'The Mighty Dollar Rules the Sky'". The Guardian. Retrieved April 4, 2024.
  14. ↑ Bonanos, Christopher (July 5, 2023). "262 Fifth Is the Skinny Di Tutti Skinnies". Curbed NY. Retrieved April 4, 2024.
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