Question 1

What are the key details for the project “Office-to-Housing Conversion at 5 Times Square”?

Accepted Answer

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

Question 2

What is the latest status of the project “Office-to-Housing Conversion at 5 Times Square”?

Accepted Answer

The status recorded for “Office-to-Housing Conversion at 5 Times Square” is Planned.

Question 3

Who are the main government, EPC, and private stakeholders for “Office-to-Housing Conversion at 5 Times Square”?

Accepted Answer

Taiyo maps the stakeholders of “Office-to-Housing Conversion at 5 Times Square”: government bodies (Empire State Development).

Question 4

Where can I verify the source and access all details for “Office-to-Housing Conversion at 5 Times Square”?

Accepted Answer

This Taiyo project page references Empire State Development (ESD) along with the original URL (https://esd.ny.gov/esd-media-center/press-releases/governor-hochul-and-mayor-adams-announce-major-office-housing). Taiyo standardizes official data into a consistent, searchable project profile.

Original status	Planned
Taiyo status	Prospective
Taiyo last update	2026-07-22

Description	Transformation of underused office space at 5 Times Square into a mixed-use development with up to 1,250 new homes, including 313 permanently affordable homes. This project is enabled by changes to state law lifting the 12 FAR cap and incentivizing office-to-housing conversions in New York City.
Original sector	Built Environment

Record type	Project
Sector	Residential, Commercial, Government
Article published date	2025-05-25

Office-to-Housing Conversion at 5 Times Square

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Country	United States of America (USA)
State	New York
City	New York City

Office-to-Housing Conversion at 5 Times Square

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