Work is progressing on the office-to-residential conversion of 750 Third Avenue, a 34-story tower in Midtown East, Manhattan. Designed by Gensler and developed by SL Green Realty, the $805 million project will span 761,384 square and yield 639 rental units. The building will also contain ground-floor retail and a collection of amenities. The property is bounded by Third Avenue and East 46th and East 47th Streets.
Scaffolding and netting cover a section of the lower levels on the southeast elevation facing Third Avenue, and portions of the fenestration and façade have been removed. Few other signs of progress are visible from the exterior, though interior work should be well underway since the project commenced in October 2025 with the gutting of the lobby.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
750 Third Avenue. Photo by Michael Young.
The project will remove nearly 25,000 square feet from floors four through 17 in the podium, creating a notch in the center of the eastern elevation. This modification will improve the flow of light and air into the units and will create space for a multistory winter garden. The removed floor area will be offset by the addition of new floor plates above, including a rooftop amenity space.
The notched floors are expected to house 38 apartments per level, with bedrooms positioned along their perimeter to comply with light-and-air requirements. Bathrooms will be grouped at the interior core, and structural beams will be concealed within partition walls.
One quarter of the units will be reserved for affordable housing under the state’s 467-m tax incentive, which the developer’s materials list as a 90-percent real estate tax abatement for the as-of-right project.
Residential amenities will include a fitness center, membership club, coworking space, and a half acre of outdoor terrace space. The closest subways from the development are the 4, 5, 6, 7, and Shuttle trains at the Grand Central–42nd Street station to the southwest, which also provides access to the Metro-North Railroad and Long Island Rail Road.
The new lobby for 750 Third Avenue. Rendering courtesy of SL Green.
750 Third Avenue’s anticipated completion date is slated for the fourth quarter of 2029, as noted on the info board.
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Just make sure low income and middle income apartments are the size of normal studios of about 500 feet and one bedrooms are 700 feet.
I personally don’t believe that there should be mandates when it comes to subsidized housing. How fortunate that these renters will be able to live in a modern building in a great location.
We need low income housing
We absolutely do not need low income housing in Midtown. That makes no sense, and involves crazy subsidies. One could build 3x as many low income units in a less expensive neighborhood.
So the rich get to live in 1 exclusive part of town while lower income folks are confined to a cheaper location and essentially red lined. We already that! All over the country! Mixed income housing has proven to be a much better approach.
Even more fortunate are the people born into wealthy families who have no trouble affording market rate luxury housing. Now that’s fortunate.
Everyone deserves dignity in housing. “They should be happy they get anything at all” is totally fkd thinking that has proven to be ineffective in changing outcomes for people lower in the economic spectrum. George, I am praying you are neight a designer nor a developer nor someone that sits in a position of power. People like you shouldnt be making decisions for those who have less.
100% agree with everything Phil T said.
That’s not how capitalism works sweetheart. Of course, legal citizens should be treated with dignity. But that doesn’t mean low income renters deserve housing on some of the most expensive property in America. Let them resettle in a far less expensive part of the area or better yet to a less expensive state.
Well if they build 200 square foot apartments to 300 square foot apartments for low income and middle income those are just to tiny for a good quality of life
Maybe, but having spent my 30’s in a 300 sq ft tenement…
Seriously, mandatory minimum requirements sure, but just as most middle class families move to areas where they can afford more space when they need it, subsidized housing should focus on getting more units out there. If that’s easier in Ridgewood, that’s hardly redlining.
Phil T: better for whom? For the subsidized renter? How about adequate housing, not premium housing on the public dime.
I’m African American Male, aged 68-stil working. I’ve experienced the destruction of beautiful housing at the hands of low income people. You don’t want to live around them. They destroyed the building where I live in Brooklyn, NY.