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5 Times Square Office-to-Housing Conversion

Sector: Residential • Location: New York City, New York, United States

Source: Patch

Project
Planned

The project involves converting underused office space at 5 Times Square into a mixed-use development with up to 1,250 apartments, including 313 permanently affordable homes for New Yorkers earning up to 80% of the Area Median Income. The development will repurpose nearly 1 million square feet of office space and preserve more than 37,000 square feet of retail space, creating 1,050 studio and 200

Status
Prospective
Sector
Residential, Commercial, Government
Location
New York City, New York, United States of America
Updated
22 Jul 2026
Source
Patch

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The project “5 Times Square Office-to-Housing Conversion” is an infrastructure initiative in the Residential sector, located in New York City, New York, United States. Taiyo aggregates data on it from Patch.

Participants

Sponsoring Agency

Status

Original status

Planned

Taiyo status

Prospective

Taiyo last update

2026-07-22

Contact

Not available for this record.

Description

Description

The project involves converting underused office space at 5 Times Square into a mixed-use development with up to 1,250 apartments, including 313 permanently affordable homes for New Yorkers earning up to 80% of the Area Median Income. The development will repurpose nearly 1 million square feet of office space and preserve more than 37,000 square feet of retail space, creating 1,050 studio and 200 one-bedroom apartments with equal access to building amenities for all residents.

Original sector

Built Sector

Location

Country

United States of America (USA)

State

New York

City

New York City

Source

Source

Patch

URL

More Details

Record type

Project

Sector

Residential, Commercial, Government

Article published date

2025-05-25

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