Crowds and digital billboards in Times Square at night
Development Tracker — Midtown West, Garment District & Times Square

What's Being Built in Midtown West & Times Square? A New Penn Station, Supertall Hotels & the Garment District's First Rezoning Towers

Hush Street tracks what's changing between Fifth and Eighth Avenues from Penn Station to Columbus Circle: the federal Penn Station rebuild, Vornado's Penn District sites, the Stewart Hotel's affordable conversion, the Midtown South rezoning's first projects and Times Square's supertall hotels.
18
Projects Tracked
~1,460
Homes in Hotel & Office Conversions
6
Under Construction
1,029 ft
The Torch, Under Construction
Oct. 2026
Updated
Watch → Penn Station Funding Fight 15 Penn Plaza Stalled
By Hush Street Editorial
What’s Changing
→
Breaking Ground filed to convert the Stewart Hotel into affordable and supportive homes.Oct. 2026
→
DOB issued foundation permits for 28 West 37th Street, the first high-density tower under the Midtown South rezoning.Oct. 2026
→
City Planning approved moving a Penn Station subway stair into Vornado's 484 Eighth Avenue tower.Sep. 2026
Money Moving →
1740 Broadway Conversion loan (Commercial Observer)$480M
Stewart Hotel (371 Seventh Ave.) Building purchase (YIMBY)$255M
254 West 35th Street Building purchase (PincusCo)$26.2M
See the Penn District →
PROJECTS PENN DISTRICT GARMENT DISTRICT TIMES SQUARE FIFTH, SIXTH & BROADWAY

Hush Street is tracking what’s being built in the Garment District, Times Square and Midtown West, between Fifth and Eighth Avenues from Penn Station to Columbus Circle.

At Penn Station, the federal government took over the rebuild in April 2025 and unveiled a design in June 2026 that keeps Madison Square Garden in place, with groundbreaking targeted by the end of 2027. Around it, Vornado has scaled back its stalled tower on the old Hotel Pennsylvania site and filed for a 481-unit tower on Eighth Avenue, and the shuttered Stewart Hotel is becoming 579 affordable and supportive homes.

The City Council’s August 2025 Midtown South rezoning allowed housing in the Garment District for the first time, and its first projects are under way: a 107-studio office conversion on West 35th Street and a 34-story tower on West 37th Street. Farther north, the pipeline leans toward very tall hotels, including Extell’s 1,029-foot Torch on Eighth Avenue and a 71-story tower on the old Wellington Hotel site, while office buildings at 1740 Broadway and the landmarked Candler Building are being converted to apartments.

Where DOB records and press reports disagree on heights or unit counts, both are given. A permit is not treated as proof that construction has started.

Project Location Status
1Penn Station Rebuild W. 31st–33rd Sts., Seventh–Eighth Aves. In Design
215 Penn Plaza (Former Hotel Pennsylvania Site) Seventh Ave. at W. 32nd St. Stalled
3484 Eighth Avenue Eighth Ave. at W. 34th St. Filed (Plan Review)
4Stewart Hotel Conversion (371 Seventh Avenue) Seventh Ave. across from Penn Station Filed (Plan Review)
5254 West 35th Street W. 35th St., Seventh–Eighth Aves. Permitted
628 West 37th Street W. 37th St., Fifth–Sixth Aves. Permitted
729 West 35th Street W. 35th St., Fifth–Sixth Aves. Under Construction
8Casoni (989 Sixth Avenue) Sixth Ave. at W. 37th St. Topped Out
9515 Seventh Avenue Seventh Ave. at W. 38th St. Approved
10The Torch (740 Eighth Avenue) Eighth Ave., W. 45th–46th Sts. Under Construction
11871 Seventh Avenue (Former Wellington Hotel) Seventh Ave. at W. 55th St. Demolition Under Way
121710 Broadway (RIU Hotel) Broadway at W. 54th St. Under Construction
13Candler Building (220 West 42nd Street) W. 42nd St., Seventh–Eighth Aves. Permitted
14Studio 54 (254 West 54th Street) W. 54th St., Broadway–Eighth Ave. In Public Review
15570 Fifth Avenue Fifth Ave., W. 46th–47th Sts. Under Construction
161740 Broadway Broadway at W. 55th St. Under Construction
17The Nell (10 Rockefeller Plaza) Rockefeller Center Under Construction
188-16 West 45th Street W. 45th St., Fifth–Sixth Aves. Permitted

Penn Station & the Penn District

A federal station rebuild, a stalled supertall site, a new tower over a subway stair and a hotel becoming affordable housing.

1

Penn Station Rebuild

Google Maps of Penn Station, New York, NY
Penn Station and Madison Square Garden, via Google Maps. — Imagery: Google Maps
Address/LocationPennsylvania Station, below Madison Square Garden
Developer/ApplicantAmtrak with the U.S. Department of Transportation; Penn Transformation Partners (Halmar and Skanska, with Vornado among the team); Practice for Architecture and Urbanism
ProjectA rebuild of the station with a single-level concourse above the platforms and a grand Eighth Avenue entrance; Madison Square Garden stays and gets a new 90-foot wrapper (USDOT). Streetsblog calls it an $8 billion project.
StatusIn Design
Latest UpdateUSDOT, Amtrak and the master developer unveiled the design on June 8, 2026, targeting groundbreaking by the end of 2027. In October, funding became tangled in a fight over a proposed federal provision letting Amtrak override local zoning and capture property taxes, which the MTA opposes (Streetsblog).

Federal Control, Garden Stays

USDOT took control of the project in April 2025 and picked Penn Transformation Partners as master developer in May 2026. The 2021 state plan for towers around the station has been separated from the station’s funding and is in limbo, Streetsblog reported.

Sources: U.S. Department of Transportation (June 2026); Amtrak (May 2026); Streetsblog NYC (Oct. 2026)

2

15 Penn Plaza (Former Hotel Pennsylvania Site)

Google Street View of 401 Seventh Avenue, New York, NY
15 Penn Plaza (Former Hotel Pennsylvania Site), via Google Street View. — Imagery: Google Street View
Address/Location401 Seventh Avenue
Developer/ApplicantVornado Realty Trust
ProjectA planned office tower on the site of the Hotel Pennsylvania, demolished in 2022 and 2023. Vornado released a scaled-back 52-story, 1,050-foot design in September 2026, down from the roughly 1,200-foot tower approved in 2010 (West Side Spirit).
StatusStalled
Latest UpdateVornado says it needs an anchor tenant before building, West Side Spirit reported. No new DOB or City Planning filing for the revised design has been made. In July 2026 Vornado filed to demolish four low-rise retail buildings at 425-431 Seventh Avenue across from the Garden.

A Supertall Waiting for a Tenant

The only recent DOB activity on the hotel site is construction-fence renewals.

Sources: West Side Spirit (Sept. 2026); New York Business Journal (July 2026); NYC DOB NOW records (BIN 1015191; jobs M01414569-I1 to M01414587-I1) (Sept. 2026)

3

484 Eighth Avenue

Google Street View of 484 Eighth Avenue, New York, NY
484 Eighth Avenue, via Google Street View. — Imagery: Google Street View
Address/Location484 Eighth Avenue
Developer/ApplicantVornado Realty Trust; SLCE Architects
ProjectA 38-story mixed-use tower with 481 apartments, 121 of them affordable, that would move the 34th Street-Penn Station A/C/E subway stair from the sidewalk into the building’s base (DOB, West Side Spirit).
StatusFiled (Plan Review)
Latest UpdateCity Planning approved the stair relocation in September 2026 (ZAP 2026M0519). The new-building application, filed in March 2026, is still in DOB objections. Vornado bought the neighboring 490 Eighth Avenue lot in March, West Side Spirit reported.

A Subway Stair Moves Indoors

Crain’s also reported the plan to put the stair inside the tower.

Sources: West Side Spirit (Aug. 2026); Crain's New York Business (Aug. 2026); NYC Planning ZAP 2026M0519; NYC DOB NOW job M01363035-I1 (accessed Oct. 2026)

4

Stewart Hotel Conversion (371 Seventh Avenue)

Google Street View of 371 Seventh Avenue, New York, NY
Stewart Hotel Conversion (371 Seventh Avenue), via Google Street View. — Imagery: Google Street View
Address/Location371 Seventh Avenue
Developer/ApplicantSlate Property Group (builder) and Breaking Ground (owner and operator); Aufgang Architects
ProjectConversion of the 31-story former Stewart Hotel, closed in 2022, into 579 permanently affordable and supportive homes (YIMBY); Breaking Ground’s DOB filing lists 572 units. YIMBY reported a total cost of about $500 million.
StatusFiled (Plan Review)
Latest UpdateSlate and Breaking Ground bought the building for $255 million in December 2025, YIMBY reported. Breaking Ground filed the conversion application with DOB on Oct. 22, 2026, and it is in plan review.

Hotel Rooms Become Homes

YIMBY reported a renovation of about 24 months, financed with city and state housing programs, tax credits and the sale of development rights.

Sources: New York YIMBY (Dec. 2025); Yieldpro (Jan. 2026); NYC DOB NOW job M01453701-I1 (Oct. 2026)

5

254 West 35th Street

Google Street View of 254 West 35th Street, New York, NY
254 West 35th Street, via Google Street View. — Imagery: Google Street View
Address/Location254 West 35th Street
Developer/ApplicantJoyland Management; Kao Hwa Lee Architects
ProjectConversion of a 16-story loft building into 166 apartments (DOB), a small share of them affordable according to press reports.
StatusPermitted
Latest UpdateDOB permitted the conversion on June 22, 2026, four months after Joyland bought the building for $26.2 million (PincusCo).

A Loft Building Changes Hands Twice

Crain’s reported it was the building’s second sale in about a year. It is on the same block as Vornado’s 484 Eighth Avenue site.

Sources: PincusCo (Feb. 2026); Crain's New York Business; NYC DOB NOW job M01340670-I1 (June 2026)

The Garment District & the Midtown South Rezoning

The first projects under the 2025 rezoning, a finished supertall rental and an approved office tower.

6

28 West 37th Street

Google Street View of 28 West 37th Street, New York, NY
28 West 37th Street, via Google Street View. — Imagery: Google Street View
Address/Location28 West 37th Street
Developer/ApplicantSioni Group; C3D Architecture
ProjectA rental tower with 95 apartments, which 6sqft called the first high-density building filed under the Midtown South rezoning. YIMBY reported 34 stories and 418 feet; the DOB filing lists 32 stories.
StatusPermitted
Latest UpdateDOB issued foundation, excavation-support and structural permits on Oct. 19, 2026, and YIMBY reported demolition of the old building complete. YIMBY cites an October 2028 completion.

The Rezoning's First Tower

6sqft reported the project includes permanently affordable housing but has not published a count. The rezoning itself is covered in the Chelsea tracker.

Sources: New York YIMBY (Oct. 2026); 6sqft (Mar. 2026); NYC DOB NOW job M01372322-I1 (Oct. 2026)

7

29 West 35th Street

Google Street View of 29 West 35th Street, New York, NY
29 West 35th Street, via Google Street View. — Imagery: Google Street View
Address/Location29 West 35th Street
Developer/ApplicantButtonwood Development and Infinite Global Real Estate Partners with 400 Capital Management; Ismael Leyva Architects
ProjectConversion of a 12-story, century-old office building into 107 studios, 27 of them affordable under the 467-m program (6sqft).
StatusUnder Construction
Latest UpdateDOB issued the conversion and structural permits on May 29, 2026, after interior demolition began under a January permit. Façade and scaffold filings followed through August.

The First Conversion After the Rezoning

The Garment District Alliance lists it as the first residential project under the Midtown South plan.

Sources: 6sqft (Mar. 2026); Garment District Alliance (Apr. 2026); NYC DOB NOW job M01328972-I1 (May 2026)

8

Casoni (989 Sixth Avenue)

Google Street View of 989 Avenue of the Americas, New York, NY
Casoni (989 Sixth Avenue), via Google Street View. — Imagery: Google Street View
Developer/ApplicantSioni Group and AB & Sons; C3D Architecture
ProjectA 785-foot residential tower with 311 apartments (YIMBY, DOB). DOB and YIMBY’s 2025 report give 70 stories; YIMBY’s 2026 report says 81.
StatusTopped Out
Latest UpdateYIMBY reported in August 2026 that the façade was nearly complete and the building was slated to finish by the end of 2026.

A Supertall Rental in the Garment District

The tower topped out in August 2025. DOB issued two stop-work orders in early 2025, both later dismissed.

Sources: New York YIMBY (Aug. 2026); New York YIMBY (Aug. 2025); NYC DOB NOW job M00643592-I1 (Sept. 2026)

9

515 Seventh Avenue

Google Street View of 515 Seventh Avenue, New York, NY
515 Seventh Avenue, via Google Street View. — Imagery: Google Street View
Address/Location515 Seventh Avenue
Developer/ApplicantBlenheim Realty; Kohn Pedersen Fox
ProjectA 38-story office tower of about 355,500 square feet replacing a four-story building with rooftop parking (ZAP, YIMBY).
StatusApproved
Latest UpdateThe City Council approved the special permits in September 2025. No building or demolition application has been filed, and YIMBY reported no construction timeline.

Approved, Not Yet Filed

The developer withdrew a hotel permit from the application before approval.

Sources: NYC Planning ZAP 2021M0138; New York YIMBY (Sept. 2025); KPF

Times Square & the Theater District

Very tall hotels, a landmark office conversion and a $100 million theater rebuild.

10

The Torch (740 Eighth Avenue)

Google Street View of 740 Eighth Avenue, New York, NY
The Torch (740 Eighth Avenue), via Google Street View. — Imagery: Google Street View
Address/Location740 Eighth Avenue
Developer/ApplicantExtell Development; ODA with SLCE Architects; Suffolk Construction
ProjectA 1,029-foot, 52-story tower with an 825-room hotel and an observation deck (YIMBY). An earlier design reached 1,067 feet.
StatusUnder Construction
Latest UpdateYIMBY reported in August 2026 that the tower had reached its halfway point, with the hotel section nearly topped out. It expects topping out in 2027 and completion in the second half of 2028.

Back Up After a Year's Pause

Construction stopped around March 2024 and resumed in June 2025, YIMBY reported.

Sources: New York YIMBY (Aug. 2026); New York YIMBY (June 2025); NYC DOB BIS job 121208326 (Sept. 2026)

11

871 Seventh Avenue (Former Wellington Hotel)

Google Street View of 871 Seventh Avenue, New York, NY
871 Seventh Avenue (Former Wellington Hotel), via Google Street View. — Imagery: Google Street View
Address/Location871 Seventh Avenue
Developer/ApplicantExtell Development; Beyer Blinder Belle
ProjectA 71-story hotel and condominium tower with about 130 apartments and 156 hotel rooms (6sqft). Reported heights range from 1,050 to 1,130 feet.
StatusDemolition Under Way
Latest UpdateCity Planning approved Extell’s transit bonus on June 17, 2026, in exchange for new elevators, a stair and fare control at the 50th Street station. Demolition of the Wellington Hotel buildings is permitted, with renewals filed Oct. 23; the new-building application is still in objections.

Extra Height for Subway Elevators

The bonus added about 119,000 square feet, 6sqft reported.

Sources: 6sqft (June 2026); New York YIMBY (Dec. 2025); NYC Planning ZAP 2025M0350; NYC DOB NOW jobs M00847788-I1 and M01177085-I1 (Oct. 2026)

12

1710 Broadway (RIU Hotel)

Google Street View of 1710 Broadway, New York, NY
1710 Broadway (RIU Hotel), via Google Street View. — Imagery: Google Street View
Address/Location1710 Broadway
Developer/ApplicantRIU Hotels and Resorts; Moss Architects
ProjectA 54-story, 633-foot tower with a 673-room RIU hotel (YIMBY; DOB lists 686 units).
StatusUnder Construction
Latest UpdateYIMBY reported in April 2026 that façade installation was under way and the concrete frame was near its halfway mark, with topping out expected around the end of 2026 and completion in 2027.

Another Big Hotel on Broadway

DOB issued the new-building permit on Oct. 1, 2025.

Sources: New York YIMBY (Apr. 2026); NYC DOB NOW job M00903689-I1 (Aug. 2026)

13

Candler Building (220 West 42nd Street)

Google Street View of 220 West 42nd Street, New York, NY
Candler Building (220 West 42nd Street), via Google Street View. — Imagery: Google Street View
Address/Location220 West 42nd Street
Developer/ApplicantYellowstone Real Estate Investments; Issac & Stern Architects
ProjectConversion of the landmarked 24-story Candler Building from offices into 192 apartments (DOB, New York Business Journal), after an earlier hotel plan was dropped.
StatusPermitted
Latest UpdateDOB issued the conversion permit on March 2, 2026, with work permits following from June. The New York Post cited it in April as the latest Midtown office tower earmarked for apartments.

From Hotel Plan to Apartments

It is steps from the 5 Times Square conversion.

Sources: New York Business Journal (Aug. 2025); New York Post (Apr. 2026); NYC DOB NOW job M01220723-I1 (June 2026)

14

Studio 54 (254 West 54th Street)

Google Street View of Studio 54, 254 West 54th Street, New York, NY
Studio 54 (254 West 54th Street), via Google Street View. — Imagery: Google Street View
Address/Location254 West 54th Street
Developer/ApplicantRoundabout Theatre Company; Ennead Architects and Rockwell Group
ProjectA $100 million rebuild of the theater with a restored orchestra pit, a new raised stage, an expanded lobby and a new elevator, paid for partly by transferring development rights off the site (YIMBY).
StatusIn Public Review
Latest UpdateThe City Planning Commission voted on the special permit on Oct. 7, 2026, sending it to the City Council (ZAP 2024M0193).

A Theater Pays for Itself With Air Rights

The Imperial Theatre on West 45th Street is seeking a similar approval (ZAP 2025M0338).

Sources: New York YIMBY (June 2026); The New York Times (Apr. 2026); NYC Planning ZAP 2024M0193

Fifth, Sixth & Broadway

A new Fifth Avenue office tower, the biggest conversion in the area and a first hotel inside Rockefeller Center.

15

570 Fifth Avenue

Google Street View of 570 Fifth Avenue, New York, NY
570 Fifth Avenue, via Google Street View. — Imagery: Google Street View
Address/Location570 Fifth Avenue
Developer/ApplicantExtell Development; Kohn Pedersen Fox
ProjectA 32-story, 567-foot office tower of nearly 1.1 million square feet with an IKEA flagship store, on a 15-lot assemblage in the Diamond District (YIMBY, KPF).
StatusUnder Construction
Latest UpdateExcavation continued through late 2025 after the last building on the site came down, YIMBY reported. DOB issued a plumbing permit on July 31, 2026; the structural filing is still in objections. YIMBY expects completion in late 2028.

An Office Tower on Fifth Avenue

It is on the west side of Fifth Avenue, so it is in this tracker rather than Midtown East.

Sources: New York YIMBY (Dec. 2025); KPF; NYC DOB NOW job M01093960-I1 (Aug. 2026)

16

1740 Broadway

Google Street View of 1740 Broadway, New York, NY
1740 Broadway, via Google Street View. — Imagery: Google Street View
Address/Location1740 Broadway
Developer/ApplicantYellowstone Real Estate Investments; BKSK Architects
ProjectConversion of a 27-story office building near Columbus Circle into about 420 homes, 238 rentals and 182 condominiums (Commercial Observer; DOB lists 421 units).
StatusUnder Construction
Latest UpdateDOB issued the conversion, partial-demolition and excavation permits between March and April 2026. Completion is targeted for the third quarter of 2029.

A $480 Million Conversion Loan

Madison Realty Capital provided a $480 million loan in June 2026, Commercial Observer reported.

Sources: Commercial Observer (June 2026); Multi-Housing News; NYC DOB NOW job M01195246-I1 (Sept. 2026)

17

The Nell (10 Rockefeller Plaza)

Google Street View of 10 Rockefeller Plaza, New York, NY
The Nell (10 Rockefeller Plaza), via Google Street View. — Imagery: Google Street View
Address/Location10 Rockefeller Plaza
Developer/ApplicantNell Hotels (Aspen One) with Tishman Speyer; SLCE Architects and Rockwell Group
ProjectA 134-room hotel inside Rockefeller Center, the complex’s first, created from office space in a landmarked building, with an investment of more than $350 million (Aspen One).
StatusUnder Construction
Latest UpdateNell Hotels announced in July 2026 that the hotel will open in fall 2027. DOB has permitted the conversion since September 2025 and issued another permit on Oct. 14, 2026.

A Hotel in Rockefeller Center

The City Council-reviewed hotel permit was approved in 2024 (ZAP 2023M0311).

Sources: Aspen One (July 2026); NYC Planning ZAP 2023M0311; NYC DOB NOW job M01103346-I1 (Oct. 2026)

18

8-16 West 45th Street

Google Street View of 16 West 45th Street, New York, NY
8-16 West 45th Street, via Google Street View. — Imagery: Google Street View
Address/Location16 West 45th Street
Developer/ApplicantHiwin Group; Nexus Architect
ProjectA 32-story, 379-foot residential tower with 113 apartments and ground-floor retail, replacing four low-rise buildings (DOB, CityRealty).
StatusPermitted
Latest UpdateDOB issued an excavation-support permit on July 17, 2026, and another excavation filing was pending as of Oct. 23. Foundation and structural filings are approved but not yet permitted.

Housing Off Fifth Avenue

CityRealty reported the old buildings demolished in late 2025.

Sources: CityRealty; NYC DOB NOW job M01241552-I1 (Oct. 2026)

What We're Watching Next

The Penn Station funding fight and the start of construction targeted for 2027, an anchor tenant or new filing for 15 Penn Plaza, permits for 484 Eighth Avenue and the Stewart Hotel, Casoni’s certificate of occupancy, the Council vote on Studio 54 and a building filing for 515 Seventh Avenue are next. A 2025 casino bid for 1515 Broadway in Times Square was rejected, and no project has replaced it.

Hush Street also tracks Hell’s Kitchen and Hudson Yards west of Eighth Avenue, Chelsea, Midtown East and Murray Hill, with separate pages for 5 Times Square and 520 Fifth Avenue.

Header photo: Times Square at night, 2025, by Nielsoncaetanosalmeron, via Wikimedia Commons, CC BY 4.0.

By Updated Built from city filings and published reporting. About Hush Street

Project Pages in Midtown West & Times Square

Related Coverage