{"id": "n-f953f8fb88", "slug": "new-york-5-times-square", "type": "office-park", "name": "5 Times Square", "aka": [], "city": "New York", "county": "New York County", "state": "NY", "country": "US", "census_division": 2, "lat": 40.7558, "lon": -73.9864, "geocode_method": "census-address", "address": null, "metro": null, "original_use": "office building", "year_opened": null, "year_closed": null, "acres": null, "gla_sqft": null, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Draft from nypost.com, model-extracted, unreviewed: 5 Times Square, an office building opened in 2002, is proposed to be converted into 942 apartments.", "strategy": ["redevelop"], "new_use": ["housing"], "share_retrofit": null, "status": "proposed", "year_retrofit": null, "developer": "RXR, SL Green, and Apollo Global Management", "architect": null, "after_notes": "942 apartments", "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": null, "public_subsidy": null, "entitlement_year": null, "planning_notes": null, "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "36061", "opp_score": 10.0, "opp_reasons": ["already in play: under construction, approved, or sold to a developer with housing plans", "median rent $2,132", "housing in the record"], "for_sale": 0, "distressed": 0, "url": "https://retrofitatlas.org/office-parks/ny/new-york-5-times-square/", "events": [], "sources": [{"id": 7355, "site_id": "n-f953f8fb88", "url": "https://nypost.com/2025/01/29/real-estate/office-to-apartment-conversions-booming-nyc-thanks-to-new-city-measures/", "title": "Office-to-apartment conversions are booming in NYC and this is why", "publisher": "nypost.com", "date": null, "quote": "5 Times Square", "kind": "news", "license": null, "retrieved": "2026-10-18"}], "deals": [], "parties": [{"name": "RXR, SL Green, and Apollo Global Management", "kind": "developer", "role": "developer", "year_from": null, "year_to": null}], "parcels": [], "context": {"assessment": {"what_happened": "Proposed conversion of 5 Times Square (office building) to 942 housing units. Developer team RXR, SL Green, and Apollo Global Management. Status: proposed. Construction permits filed for 4,463 units (2023-2024).", "why": "Housing market data shows ZHVI $1.25M and ZORI $4,779/month (2026-09). Retail establishments declined 20.7% (2012-2023). Located in dense urban cluster (27 developments within 10km), including 5 under construction. Permits indicate active development (4,463 units planned in 2023-2024).", "where_it_stands": "No construction timeline provided. No zoning approval status stated. No community feedback or environmental review details in record. Retail trend decline supports housing conversion rationale.", "for_a_planner": ["Proximity to 10km cluster of 27 developments (5 under construction) indicates active urban redevelopment trend.", "Retail decline (-20.7% establishments) aligns with housing conversion strategy."], "for_a_developer": ["Major developers (RXR, SL Green, Apollo) driving project. Housing market metrics (ZHVI $1.25M, ZORI $4,779) support viability.", "Permits show 4,463 units planned in 2023-2024, indicating active construction pipeline."], "risks_and_unknowns": ["Status is 'proposed' – no approval or timeline confirmed.", "No details on unit mix, affordability, or community impact.", "No information on traffic impact or infrastructure capacity beyond road class (principal arterial)."], "data_quality": "partial", "one_line": "Proposed 942-unit housing conversion at 5 Times Square; active permits for 4,463 units (2023-2024); supported by housing market data and dense urban cluster.", "model": "qwen3-30b-a3b-64k:latest", "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)", "record_sha1": "61c1541a8fd7"}, "cluster": {"within_10km": [{"id": "n-325c2e5dfe", "name": "330 West 42nd Street", "city": "New York City", "status": "built", "km": 0.5}, {"id": "n-09a81a9367", "name": "100 West 33rd Street", "city": "New York City", "status": "partial", "km": 0.8}, {"id": "n-19ef25703c", "name": "Gilsey House", "city": "New York City", "status": "built", "km": 1.1}, {"id": "n-8e3ab5e4f5", "name": "CBS Studio Building", "city": "New York City", "status": "operating", "km": 1.1}, {"id": "n-ece578bc52", "name": "219 E. 42nd and 235 E 42nd St.", "city": "New York", "status": "under construction", "km": 1.2}, {"id": "n-043b8b5412", "name": "Sofia", "city": "New York City", "status": "built", "km": 1.7}, {"id": "n-74a024969f", "name": "Getty Oil gas station", "city": "New York", "status": "built", "km": 1.7}, {"id": "m-5e0b40ae1f", "name": "Lincoln Arcade", "city": "New York", "status": "demolished", "km": 2.0}, {"id": "n-ee3396256b", "name": "St. John's Terminal", "city": "New York City", "status": "built", "km": 3.6}, {"id": "n-2cae688bb9", "name": "American Thread Building", "city": "New York City", "status": "built", "km": 4.2}, {"id": "n-a668c4cb37", "name": "A&P Warehouse", "city": "New York City", "status": "operating", "km": 4.2}, {"id": "n-b34f2ea603", "name": "Flatiron Building", "city": "New York", "status": "proposed", "km": 5.1}], "count_10km": 27, "count_25km": 41}, "elevation": {"elevation_ft": 56.9, "resolution": 1, "source": "USGS EPQS (3DEP)", "retrieved": "2026-10-20"}, "food_access": {"tract10": "36061011300", "urban": 1, "lila_1_10": 0, "low_access_1mi": 0, "poverty_rate": 31.818181818181802, "snap_households": 5.0, "pop2010": 117.0, "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)", "retrieved": "2026-10-20"}, "housing_market": {"zhvi": {"latest": 1247381, "month": "2026-09", "change_1y": 0.032, "change_5y": -0.103}, "zori": {"latest": 4779, "month": "2026-09", "change_1y": 0.057, "change_5y": 0.378}, "county_fips": "36061", "source": "Zillow Research (ZHVI, ZORI)"}, "jobs_lodes": {"tract20": "36061011300", "jobs": 46437, "retail_jobs": 2622, "food_accommodation_jobs": 2128, "year": 2022, "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract", "retrieved": "2026-10-20"}, "listings": {"zip": "10036", "month": "202609", "median_listing_price": 1150000, "median_listing_price_yy": 0.0575, "active_listing_count": 107, "median_days_on_market": 98, "price_reduced_share": 0.0771, "pending_ratio": 0.1449, "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)", "retrieved": "2026-10-20"}, "opportunity": {"tract10": "36061011300", "kfr_p25": 0.4031, "jail_p25": 0.0366, "kids_count": 1.0992, "commuting_zone": "New York", "vintage": "children born 1978-83, outcomes measured 2014-15", "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)", "retrieved": "2026-10-20"}, "peers": {"peers": [{"id": "n-752e901e74", "name": "111 Wall St.", "city": "New York", "state": "NY", "score": 6.5, "why": ["same strategy: redevelop", "also in NY", "6 km away"]}, {"id": "n-b34f2ea603", "name": "Flatiron Building", "city": "New York", "state": "NY", "score": 6.5, "why": ["same strategy: redevelop", "also in NY", "5 km away"]}, {"id": "n-8c831e18de", "name": "Industry City", "city": "Brooklyn", "state": "NY", "score": 6.5, "why": ["same strategy: redevelop", "also in NY", "12 km away"]}, {"id": "n-4f6cdedcbb", "name": "Red Hook Grain Terminal", "city": "Brooklyn", "state": "NY", "score": 6.0, "why": ["same strategy: redevelop", "also in NY", "10 km away"]}, {"id": "n-2d940d05bc", "name": "163 Wolfs Lane", "city": "Pelham", "state": "NY", "score": 6.0, "why": ["same strategy: redevelop", "also in NY", "22 km away"]}, {"id": "n-218d9b33c8", "name": "Atlantic Plaza", "city": "Brooklyn", "state": "NY", "score": 6.0, "why": ["same strategy: redevelop", "also in NY", "10 km away"]}], "method": "size, era, strategy, status, type, state, distance"}, "permits": {"county": "New York County", "2024": {"units_1": 0, "units_2_4": 4, "units_5plus": 4463, "value_total": 690452024}, "2023": {"units_1": 0, "units_2_4": 12, "units_5plus": 3018, "value_total": 446445918}, "retrieved": "2026-10-18"}, "qcew_retail": {"county": "36061", "year": 2025, "establishments": 9169, "employment": 123585, "avg_annual_pay": 79593, "lq_employment": 0.5, "employment_change_1y": 1.2, "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private", "retrieved": "2026-10-20"}, "retail_trend": {"2012": {"estab": 11693, "emp": 146237}, "2023": {"estab": 9268, "emp": 115257}, "estab_change": -0.207, "emp_change": -0.212, "county_fips": "36061"}, "schools": {"district": "New York City Department Of Education", "district_geoid": "3620580", "grades": "PK-12", "district_vintage": "SY2024-25", "public_schools_1mi": 29, "schools": ["HIGH SCHOOL FOR ENVIRONMENTAL STUDIES", "UNITY CENTER FOR URBAN TECHNOLOGIES", "SATELLITE ACADEMY HIGH SCHOOL", "JACQUELINE KENNEDY-ONASSIS HIGH SCHOOL", "REPERTORY COMPANY HIGH SCHOOL FOR THEATRE ARTS", "PROFESSIONAL PERFORMING ARTS HIGH SCHOOL"], "schools_vintage": "SY2023-24", "source": "NCES EDGE", "retrieved": "2026-10-20"}, "storms": {"county": "36061", "years": "2016-2025", "events": 45, "by_type": {"Flash Flood": 20, "Thunderstorm Wind": 19, "Hail": 4, "Lightning": 2}, "property_damage_usd": 114073500, "deaths_direct": 0, "injuries_direct": 3, "note": "county-typed events only; events logged to forecast zones (CZ_TYPE Z: most winter, heat, flood and coastal events) are not counted", "source": "NOAA NCEI Storm Events Database, details files", "retrieved": "2026-10-20"}, "traffic": {"max_aadt": 19015, "trucks_aadt": 1470, "road": "W 42ND ST", "class": "principal arterial", "lanes": 4, "segments_600m": 40, "year": "2024", "source": "FHWA HPMS", "retrieved": "2026-10-20"}}, "elements": [{"slug": "place-mall-cluster", "name": "3+ other atlas sites within 10 km", "group_": "place", "evidence": "27 within 10 km", "origin": "computed"}, {"slug": "place-apartment-boom-county", "name": "County permitting 2,000+ apartment units a year", "group_": "place", "evidence": "4,463 units, New York County", "origin": "census-bps"}, {"slug": "strategy-redevelop", "name": "Redeveloped", "group_": "strategy", "evidence": "942 apartments", "origin": "record"}, {"slug": "use-housing", "name": "Housing", "group_": "use", "evidence": "942 apartments", "origin": "newtypes-extraction"}, {"slug": "place-retail-shrinking-county", "name": "County lost 10%+ of retail establishments since 2012", "group_": "place", "evidence": "-21%", "origin": "census-cbp"}, {"slug": "place-rent-2000-plus", "name": "County typical rent $2,000+", "group_": "place", "evidence": "$4,779/mo", "origin": "zillow"}, {"slug": "place-shrinking-county", "name": "Shrinking county", "group_": "place", "evidence": "-0.3%", "origin": "census-acs"}, {"slug": "status-pipeline", "name": "Retrofit in the pipeline", "group_": "finance", "evidence": "proposed", "origin": "record"}], "details": {}, "photos": [], "provenance": {"after_notes": "newtypes-extraction", "developer": "newtypes-extraction"}, "restricted_fields": {"parcels": ["owner_addr", "assessed", "taxable", "tax_amount", "sale_price", "deed_ref"], "deals": ["price", "price_per_acre", "price_per_sqft", "loan_amount", "asking_price"], "how": "free API key: POST /api/v1/keys {\"email\": …}"}}