Situated at the southwestern corner of Fifth Avenue and West 29th Street is the site of a proposed 1,009-foot condominium tower, known as 262 Fifth Avenue. Renderings were first released in late 2017, showing the very skinny and slender residential building towering over NoMad and Midtown South. Composed of a mix of glass and aluminum walls, the supertall would certainly stand out on the skyline for its height and profile. After the DOB approved plans back in October of 2017, the site was quickly cleared of the previously extant low-rise buildings, however, activity has come to a grinding halt since then. Boris Kuzinez of Five Points Development is developing the tower, while the architect is Meganom, a Russian design firm from Moscow.
262 Fifth Avenue, rendering by Five Points Development/Mir
After demolition, the site sat relatively quiet for much of 2018 behind the ubiquitous green construction fence surrounding the property. It stands across the street to the south of Marble Collegiate Church and the planned site of Bjarke Ingels Group’s future office tower at 3 West 29th Street, aka “29th & 5th.” YIMBY last reported on that site several weeks ago, with the first signs of progress and site preparation already underway. Looking back to 262 Fifth Avenue, it is unclear if Meganom’s vision will start to rise this year, and current lack of progress points toward a situation that may never get of the ground.
With only 139,168 square feet of residential space, the footprint of 262 Fifth Avenue would be smaller than Rafael Vinoly’s 277 Fifth Avenue. The height of Vinoly’s tower, however, would easily be surpassed if this skyscraper is completed.
262 Fifth Avenue’s most striking design aspect is the alignment of the building looking up and down the thoroughfare. If built, the tower would easily be seen from Madison Square Park, Herald Square, and the observatory of the Empire State Building, only four blocks to the north. At street level, 10,850 square feet of retail space on the first two floors are proposed to face Fifth Avenue. Up above, a mere 41 residential units are planned, measuring nearly 3,000 square feet each.
The elevator cores would be situated on the western side of the footprint and face west towards the Hudson River. The cores would run up the entire height of the skyscraper, enclosed within a skin of reflective aluminum panels.
262 Fifth Avenue, render by DBOX
Freehand drawing of 262 Fifth Avenue in the foreground of Midtown, depicted with a landscaped observation deck. Drawing by Michael Young
The freehand drawing above shows the view looking north with the Empire State Building, 277 Fifth Avenue and 15 East 30th Street all in their completed state. 262 Fifth would be the tallest skyscraper in the neighborhood south of the Empire State Building, and the first actual 300-meter-or-more supertall in NoMad. This would surpass the 777-foot tall, Kohn Pedersen Fox-designed Madison Square Park Tower, aka 45 East 22nd Street, which still holds the title of the neighborhood’s tallest skyscraper.
A completion date has not been announced yet.
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Please pardon me for using your space: Dead set on details from you Michael Young, development reported and your drawing very good-looking. (Thanks to Michael Young)
This probably scam schame, for just redeposit money from Russia in case of full scale invasion Russia planned for Ukraine. If this invasion will ever happens the Russia left fully isolated, so smart capitalist in Russia now deposit their capital outside Russian Borders, here they probably sell this place sooner or later since it’s already approved for supertall construction, we probably see luxury skinny 50 story built but not taller than other new towers in this neighborhood, probably not taller than 700 feet!!! Who need here another supertall stick, I think nobody, and for 41 new residences it’s fully nuisance!!! BTW who buy this mega uber expensive residences on 5th Avenue when we have soon opened 5 uber luxury tall towers in Billionaire’s Alley, 57th Street Corridor!!!
I think you are right, classic international money laundering..although international investments might be a better way of guaranteeing that your/our country doesn’t get blown up more than any United Nations Security Council meeting ever will.
Yes, this kind of laundering, but most likely they have approved for construction lot, in center of Fifth Avenue, just doors off from ESB!!! They never lost amount what they paid originally, and approved for construction of skinny supertall for just 41 residences, 3,000 sq feet each, it’s size of Central Park Penthouse on floor 127th. Come on, they can sell this lot 3, or 5 years from now making millions of dollars over what’s they paid in any real estate market condition!!! It’s smart moneywise investment from country whose economic and political future can easily float like ice cream balls in hot cappuccino!!!
Unfortunately for us, we ratherly see empty lot for many years, I remember Sochi Condo, 22 story tower planned and approved for construction in West Brighton Avenue, just step off from Brighton Beach. It was year 2000 or just above, 5 years come, nothing was going, finally when Great Recession come, site was foreclosured, sold to other developer who planned same 22 story, and after almost 18 years now finally foundation work start.
Simular fate probably likely happened with that site. Btw it was cleared for one decade already, so probably by 2030 we maybe see some activities, and I hope I’m wrong!!!
We barely need here supertall, especially with surrounding barely exceed 20-30 stories. Except Classical ESB and new 700 footers!!!
This not a Midtown, neither is Billionaire’s Alley of 57th Street. And maybe we need just leave it as is, unbuilt, but with public access, maybe we need Robert Steins neoclassical accented limestone covered highrise of 25-35 floors with same 41 apartments and height below 500′ or just about!!! At least this will be in place, than building what is better belong somewhere in Asia than built in NYC.
It will be crime to built this ugly out of place monument of international money laundering scheme!!!
That rendering of the building being nearly as tall as the Empire State Building, may as well be built higher for the publicity value alone.
Nice drawing!