{
 "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,
 "deep": {},
 "elements": [
  {
   "slug": "status-pipeline",
   "name": "Retrofit in the pipeline",
   "grp": "finance",
   "evidence": "proposed",
   "origin": "record"
  },
  {
   "slug": "place-mall-cluster",
   "name": "3+ other atlas sites within 10 km",
   "grp": "place",
   "evidence": "27 within 10 km",
   "origin": "computed"
  },
  {
   "slug": "place-retail-shrinking-county",
   "name": "County lost 10%+ of retail establishments since 2012",
   "grp": "place",
   "evidence": "-21%",
   "origin": "census-cbp"
  },
  {
   "slug": "place-apartment-boom-county",
   "name": "County permitting 2,000+ apartment units a year",
   "grp": "place",
   "evidence": "4,463 units, New York County",
   "origin": "census-bps"
  },
  {
   "slug": "place-rent-2000-plus",
   "name": "County typical rent $2,000+",
   "grp": "place",
   "evidence": "$4,779/mo",
   "origin": "zillow"
  },
  {
   "slug": "place-shrinking-county",
   "name": "Shrinking county",
   "grp": "place",
   "evidence": "-0.3%",
   "origin": "census-acs"
  },
  {
   "slug": "strategy-redevelop",
   "name": "Redeveloped",
   "grp": "strategy",
   "evidence": "942 apartments",
   "origin": "record"
  },
  {
   "slug": "use-housing",
   "name": "Housing",
   "grp": "use",
   "evidence": "942 apartments",
   "origin": "newtypes-extraction"
  }
 ],
 "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"
  }
 ],
 "parties": [
  {
   "name": "RXR, SL Green, and Apollo Global Management",
   "kind": "developer",
   "role": "developer",
   "year_from": null,
   "year_to": null
  }
 ],
 "events": [],
 "gallery": [],
 "anchors": [
  {
   "name": "Ernst & Young",
   "wikipedia": null,
   "category": "tenant (from text)"
  }
 ],
 "deals": [],
 "owner_of_record": null,
 "ctx": {
  "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' \u2013 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"
  }
 },
 "parcels": [],
 "url": "https://retrofitatlas.org/office-parks/ny/new-york-5-times-square/",
 "photo": null,
 "provenance": {
  "after_notes": "newtypes-extraction",
  "developer": "newtypes-extraction"
 }
}