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5 Times Square Begins 1,250-Unit Office-to-Residential Conversion in Midtown, Manhattan

8:00 am on January 4, 2026 By Michael Young and Matt Pruznick

Work is underway on the office-to-residential conversion of 5 Times Square, a 38-story skyscraper in Midtown, Manhattan. Designed by Gensler and developed by RXR Realty, Apollo Global Management, and SL Green, the project will transform the 575-foot-tall structure’s 917,745 square feet of vacant office space into 1,250 rental units. Of this total, 313 will be permanently affordable for residents earning up to 80 percent of area median income (AMI). The property is located along Seventh Avenue between West 41st and 42nd Streets.

Arverne D. Rendering courtesy of FXCollaborative.

Rendering Revealed for First Phase of Arverne East Affordable Development in Edgemere, Queens

8:00 am on January 3, 2026 By Michael Young and Matt Pruznick

A new rendering has been revealed for Arverne East Building D, a ten-story residential building in the first phase of the 116-acre Arverne East oceanfront master plan at 116 Beach 36th Street in Edgemere, Queens. Designed by FXCollaborative and developed in a joint venture between L+M, Urbane Development, The Bluestone Organization, Mega Group Development, and Triangle Equities Development Company, the 355,000-square-foot structure will yield 320 apartments. The units will consist of 230 affordable rental apartments and 90 affordable homes for purchase.

625 Madison Avenue. Photo by Michael Young.

Demolition Complete for 1,264-Foot Supertall At 625 Madison Avenue in Midtown East, Manhattan

8:00 am on December 30, 2025 By Michael Young and Matt Pruznick

At number two on our annual countdown of the tallest construction projects in New York is 625 Madison Avenue, a planned 1,264-foot supertall residential skyscraper in Midtown East, Manhattan. Developed by Related Companies under the 625 Mad Realty LLC, the 66-story structure is slated to span 496,000 square feet and yield 101 condominium units with an average scope of 4,918 square feet. The project will also include nearly 75,000 square feet of retail space on the first two levels, a fourth-floor restaurant and private dining area, and a suite of amenities. The multi-billion-dollar project will rise on the east side of Madison Avenue between East 58th and 59th Streets.

22 Lembo Street. Developed by Saber-Hightower LLC.

New Renderings Revealed for The Ibex At 22 Lembo Street in Yonkers, New York

7:30 am on December 30, 2025 By Michael Young and Matt Pruznick

New renderings have been revealed for The Ibex, a proposed 17-story residential building at 22 Lembo Street in Yonkers, New York. Developed by Saber-Hightower LLC, the structure is planned to yield 282 units in studio- to three-bedroom layouts. The project will also include around 4,800 square feet of ground-floor retail space and 435 public and private parking spaces. The 0.9-acre project site is dubbed Parcel K in the Ridge Hill mixed-use complex and is bounded by Lembo Street to the north and Otis Drive to the east.

Program layout for 240 Nassau Street. Rendering courtesy of Alloy Development.

Environmental Review Process Begins For 240 Nassau Street in Downtown Brooklyn

7:30 am on December 29, 2025 By Michael Young and Matt Pruznick

The environmental review process has kicked off for 240 Nassau Street, a three-building mixed-use complex along the northern border of Downtown Brooklyn. Designed and developed in a partnership between Alloy Development, the NYC Educational Construction Fund (ECF), and GFB Development, the project will give rise two skyscrapers yielding a total of 1,505 mixed-income units, including 305 affordable apartments and 95 for senior housing. The development will also include a 120,000-square-foot public school, 42,000 square feet of community and cultural space, and 28,000 square feet of retail.

655 Madison Avenue. Photo by Michael Young.

Demolition Continues for 1,162-Foot Supertall at 655 Madison Avenue on Manhattan’s Upper East Side

8:00 am on December 28, 2025 By Michael Young and Matt Pruznick

The fourth-tallest building on our year-end countdown is 655 Madison Avenue, a proposed 1,162-foot mixed-use supertall on Manhattan’s Upper East Side. Designed by Beyer Blinder Belle and developed by Extell, the 74-story structure will span 764,698 square feet and yield 154 condominium units with an average scope of 3,091 square feet, as well as approximately 233,000 square feet of commercial and retail space on the lower levels. The property is located at the corner of Madison Avenue and East 60th Street.

Herkimer-Williams. Rendering courtesy of WXY Studio.

Plans Approved For Herkimer-WIlliams Affordable Housing Complex in East New York, Brooklyn

7:30 am on December 28, 2025 By Michael Young and Matt Pruznick

The City Council has announced a Uniform Land Use Review Procedure (ULURP) approval for Herkimer-Williams, a four-building affordable housing complex in East New York, Brooklyn. Designed by WXY Studio and developed by Totem, the 345-foot-tall project will yield nearly 1,000 affordable homes. The development will also include 440,000 square feet of commercial space, 114,000 square feet of retail, 100,000 square feet of industrial space, 85,000 square feet for community facilities, and 25,000 square feet of publicly accessible open space.

Demolition Progresses for Extell Supertall at 871 Seventh Avenue in Midtown, Manhattan

8:00 am on December 26, 2025 By Michael Young and Matt Pruznick

At number six on our year-end construction countdown of the tallest buildings underway in New York is 871 Seventh Avenue, a planned 1,050-foot mixed-use supertall skyscraper in Midtown, Manhattan. Designed by Beyer Blinder Belle and developed by Extell, the 71-story structure will span 484,000 square feet and yield 130 condominium units with an average scope of 2,315 square feet, as well as a 159,000-square-foot hotel with 156 rooms. The project will also include 24,000 square feet of ground-floor retail space and a 55-vehicle parking garage.

740 Eighth Avenue. Photo by Michael Young.

The Torch Continues to Rise at 740 Eight Avenue in Times Square

8:00 am on December 25, 2025 By Michael Young and Matt Pruznick

At number seven on our year-end countdown of the tallest construction projects in New York is The Torch, a 1,029-foot supertall skyscraper at 740 Eighth Avenue in Midtown, Manhattan. Designed by ODA and developed by Extell, the 52-story structure will span 885,902 square feet and yield an 825-room hotel topped by a public outdoor observation deck with a drop ride. The mixed-use project is also slated to include lower-level retail space, a restaurant on two of the upper floors, a VIP lounge, and a pool deck for hotel guests.

520 Fifth Avenue’s Exterior Nears Completion in Midtown, Manhattan

8:00 am on December 24, 2025 By Michael Young and Matt Pruznick

The eighth-tallest building on our year-end construction countdown is 520 Fifth Avenue, a 1,002-foot mixed-use supertall skyscraper in Midtown, Manhattan. Designed by Kohn Pedersen Fox and developed by Rabina, the 88-story structure will span 415,000 square feet and yield 100 condominium units and 25 floors of boutique office space. The project will also include ground-floor retail and an extensive collection of amenities. The property is located at the corner of Fifth Avenue and West 43rd Street, one block north of Bryant Park.

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