Office parks · New York

5 Times Square

Imported, unreviewedRedevelopedRetrofit proposedNew York, NY

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. · summary, model-written

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Site profile8 elements · what this retrofit is built with · tap a chip for the evidence

Finance and pipeline

Retrofit in the pipeline

This site: …proposed record · all sites with this

Place

3+ other atlas sites within 10 km

This site: 27 within 10 km computed · all sites with this

County lost 10%+ of retail establishments since 2012

This site: -21% census-cbp · all sites with this

County permitting 2,000+ apartment units a year

This site: 4,463 units, New York County census-bps · all sites with this

County typical rent $2,000+

This site: $4,779/mo zillow · all sites with this

Shrinking county

This site: -0.3% census-acs · all sites with this

Strategy

Redeveloped

This site: 942 apartments record · all sites with this

New use

Housing

This site: 942 apartments newtypes-extraction · all sites with this

All elements and lists · Trends

Now

Status	Retrofit proposedWikipedia
Strategy	Redevelopment, proposedWikipedia
New uses	housingWikipedia
What is there now	942 apartmentsnewtypes-extraction
Redeveloper	RXR, SL Green, and Apollo Global Managementnewtypes-extraction

Site context

Housing permits, New York County (NY), 2024	4,463 units in 5+ unit buildings, 4 in 2–4, 0 single-family; 2023: 3,018 in 5+Census BPS
Other atlas sites nearby	27 within 10 km, 41 within 25 km: 330 West 42nd Street (0.5 km); 100 West 33rd Street (0.8 km); Gilsey House (1.1 km); CBS Studio Building (1.1 km); 219 E. 42nd and 235 E 42nd St. (1.2 km)computed
Retail trade in the county, 2012 to 2023	9,268 establishments (-21%); 115,257 jobs (-21%)Census CBP
Housing market in the county	typical home value $1.2M (+3% 1 yr, -10% 5 yr); typical rent $4,779/mo (+6% 1 yr), 2026-09Zillow Research
Traffic on the busiest road within 600 m (2024)	19,015 vehicles a day on W 42ND ST (principal arterial, 4 lanes); 1,470 trucks; 40 counted segmentsFHWA HPMS

Summary, model-written

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.

What we do not know yet

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).

Generated by qwen3-30b-a3b-64k:latest on Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b) from the fields, parcels, deals and context layers on this page, with no outside knowledge. It is regenerated when the record changes and has not been checked by a person. How it is made.

Similar sites

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Industry City, Brooklyn, NY · Office parks · same strategy: redevelop; also in NY; 12 km away
Red Hook Grain Terminal, Brooklyn, NY · Industrial sites · same strategy: redevelop; also in NY; 10 km away

Elsewhere on the web

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Multifamily screen

already in play: under construction, approved, or sold to a developer with housing plans
median rent $2,132
housing in the record

Inputs: record fields (size, status) and county Census ACS 2018–2023 figures (growth, rent). How the points work. Not a recommendation.

History and original facts

Anchors	Ernst & Young
County	New York County
Census division	2 · Mid-Atlantic
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.

Not yet recorded: acres, GLA, year opened, original developer, retrofit year. Know it? Tell us.

Sources

Office-to-apartment conversions are booming in NYC and this is why
1 quoted sentence
5 Times Square

Cite

Retrofit Atlas (2026). "5 Times Square, New York, NY." Record n-f953f8fb88, imported, unreviewed. Built on the public Retrofitting Suburbia map (Dunham-Jones and Williamson) and the sources listed. https://retrofitatlas.org/office-parks/ny/new-york-5-times-square/ (accessed 2026-10-20).