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Demolition Complete For Supertall 262 Fifth Avenue, Midtown South

As construction begins to make headway on new residential towers at 15 East 30th Street and 277 Fifth Avenue, just to the south, an actual supertall is in the works at 262 Fifth Avenue. Applications for the site were filed back in September of 2016, before it got a slight height boost to 1,001 feet. Now, demolition is complete on the site’s old occupant.

Boris Kuzinez of Five Points Development is the developer, and as YIMBY previously reported, he acquired the three adjacent properties spanning 260, 262, and 264 Fifth Avenue for a total of $101.8 million, and then spent another $5.8 million on air rights available on the block. The 54-story building will have 139,168 square feet of residential space divided amongst 41 condominiums, and there will also be 10,850 square feet of retail on the first two floors.

In any case, with demolition work now complete, excavation can begin. 262 Fifth Avenue’s developer has not yet announced a tentative completion date.

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NYY