Hush Street is tracking what’s being built in Murray Hill and Kips Bay.
Murray Hill’s new housing mostly comes as mid-block towers on assembled walk-up lots. Five buildings with more than 550 apartments between them received certificates of occupancy in 2025 and 2026, and more are rising, including The Morgan on the former Community Church site and Lalezarian’s tower at 567 Third Avenue.
The biggest open question is the vacant former Con Ed site on First Avenue between 38th and 41st Streets. Its Freedom Plaza casino plan died in September 2025 and no new plan has surfaced. In Kips Bay, a tower on East 33rd Street has been stalled by rent-regulated tenants who will not leave, and the city is clearing Hunter College’s Brookdale campus for SPARC Kips Bay.
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 |
|---|---|---|
| 1The Freedom Plaza Site | First Ave., E. 38th–41st Sts. | Stalled |
| 2East 34th Street Waterfront Open Space | E. 34th St. at the FDR Drive | Opening Unconfirmed |
| 3Bellevue Inpatient Psychiatry Expansion | First Ave. at E. 27th St. | Funded |
| 4567 Third Avenue | Third Ave. at E. 37th St. | Permitted |
| 5The Morgan (38 East 35th Street) | E. 35th St., Madison–Park Aves. | Under Construction |
| 6218 Madison Avenue | Madison Ave. at E. 36th St. | Under Construction |
| 7260 Madison Avenue | Madison Ave., E. 38th–39th Sts. | Under Renovation |
| 8339-345 East 33rd Street | E. 33rd St., First–Second Aves. | Stalled |
| 912 East 37th Street | E. 37th St., Fifth–Madison Aves. | Stalled |
| 10203-215 East 38th Street | Third Ave. at E. 38th St. | Demolished; No Plan Filed |
| 119 East 36th Street | E. 36th St., Fifth–Madison Aves. | Demolition Approved |
| 12The Dian (162 East 36th Street) | E. 36th St. at Third Ave. | Temporary CO Issued |
| 13The Lotus (255 East 39th Street) | E. 39th St., Second–Third Aves. | Temporary CO Issued |
| 14650 First Avenue | First Ave. at E. 37th St. | Completed |
| 15The Willow (201 East 23rd Street) | E. 23rd St. at Third Ave. | Temporary CO Issued |
| 16609 Second Avenue | Second Ave. at E. 33rd St. | Temporary CO Issued |
The First Avenue Waterfront
An empty superblock, a parking lot turned public space and more psychiatric beds at Bellevue.
1
The Freedom Plaza Site
The Largest Empty Site in the Neighborhood
The casino plan went through the state gaming process rather than city land-use review. Any housing-only plan would start from scratch. The completed 685 First Avenue tower stands on the southern part of the old Con Ed land.
Sources: New York YIMBY (Sept. 2025); Gaming America; NYC PLUTO, BBL 1009700001 (accessed Oct. 2026)
2
East 34th Street Waterfront Open Space
A Parking Lot Becomes a Park
The lot is near the East 34th Street ferry landing.
Sources: NYCEDC (Oct. 2025); Streetsblog NYC (Oct. 2025)
3
Bellevue Inpatient Psychiatry Expansion
A Hospital at 98 Percent
Health + Hospitals said Bellevue’s psychiatric units run at 98 percent occupancy. Becker’s reported the money is split across the 2027 and 2028 fiscal years.
Sources: NYC Health + Hospitals (Sept. 2026); Becker's Behavioral Health
Under Way & Waiting
Towers rising between Madison and Third Avenues, and sites held up by holdouts, objections or no plan at all.
4
567 Third Avenue
A Tower That Grew on Paper
Lalezarian bought the assemblage for $20.05 million, YIMBY reported in April 2025. Records from 2024 cite damage to a neighboring apartment during demolition.
Sources: New York YIMBY (Apr. 2025); CityRealty (Mar. 2026); NYC DOB NOW job M00749928-I1 (Oct. 2026)
5
The Morgan (38 East 35th Street)
Built After a Fatal Demolition
Continuum bought the church property for $66 million, Commercial Observer reported in November 2024. A construction worker was killed at the demolition site in December 2024, Crain’s and the Daily News reported.
Sources: Field Condition (Apr. 2026); Commercial Observer (Nov. 2024); Crain's New York Business (Dec. 2024); NYC DOB NOW job M01062289-I1 (Sept. 2026)
6
218 Madison Avenue
Across From the Morgan Library
CityRealty gives completion as late 2026 in one place and 2027 in another.
Sources: New York YIMBY (Apr. 2025); NYC DOB NOW job M01042409-I1 (Oct. 2026)
7
260 Madison Avenue
Upgrading Offices, Not Converting Them
It is one of several Midtown office buildings being upgraded to compete for tenants; others are on the Midtown East tracker.
Sources: New York YIMBY (Oct. 2026); NYC DOB NOW jobs M01428014-I1 and M01428061-I1 (Oct. 2026)
8
339-345 East 33rd Street
Six Tenants Who Won't Leave
A state application to end the regulated leases for demolition has been pending since 2023, The City Reporter reported, and the developer could lose a tax benefit if the building is not finished in time.
Sources: The City Reporter (Aug. 2026); Crain's New York Business; NYC DOB BIS job 121205686 and violation 25-01727 (July 2025)
9
12 East 37th Street
Filed Five Years Ago
No public plan or timeline has been announced.
Sources: New York YIMBY (Mar. 2021); NYC DOB NOW job M00665956-I1 (accessed Oct. 2026)
10
203-215 East 38th Street
A Corner Waiting for a Building
CityRealty reported that an earlier idea for a consulate tower is no longer moving forward.
Sources: CityRealty (Mar. 2026); NYC DOB NOW job M00843309-I1 (June 2026)
11
9 East 36th Street
A Walk-Up Slated to Come Down
A violation issued in April 2026 suggests the building was still occupied at the time.
Sources: The Real Deal (Mar. 2026); NYC DOB NOW job M01348273-I1 (July 2026)
Finished in 2025 & 2026
Five buildings with more than 550 apartments between them, from a converted office building to a condo tower whose unsold units changed hands.
12
The Dian (162 East 36th Street)
Finishing After Long Pauses
City inspection records show long stretches with no activity on the site in 2025 and early 2026.
Sources: New York YIMBY (Oct. 2026); NYC DOB BIS job 121207942 and CO records (Oct. 2026)
13
The Lotus (255 East 39th Street)
Leasing Near the Tunnel
It topped out in September 2024, YIMBY reported.
Sources: CityRealty (Mar. 2026); New York YIMBY (Sept. 2024); NYC DOB NOW job M00672872-I1 and CO records (Aug. 2026)
14
650 First Avenue
An Office Conversion on First Avenue
6sqft described the building as a former brewery.
Sources: New York YIMBY (Dec. 2025); 6sqft; NYC DOB NOW job M08030325-I1 and CO records (Sept. 2026)
15
The Willow (201 East 23rd Street)
Brick at 23rd Street
YIMBY reported the brick façade taking shape in September 2025.
Sources: New York YIMBY (Sept. 2025); Naftali Group; NYC DOB NOW job M00992159-I1 and CO records (Oct. 2026)
16
609 Second Avenue
A Slow-Selling Condo Changes Hands
Terms of the takeover were not disclosed.
Sources: The Real Deal (Oct. 2026); NYC DOB BIS job 123756015 and CO records (Mar. 2026)
What We're Watching Next
Any new plan for the Freedom Plaza site, construction at 567 Third Avenue and which height it is built to, a decision on the East 33rd Street holdouts, new-building filings for the BLDG and Chetrit sites, and whether the East 34th Street open space has opened are next.
Hush Street also tracks Flatiron, NoMad & Gramercy, including SPARC Kips Bay and 567 Second Avenue, and Midtown East north of 40th Street, where 383 Madison Avenue is one of several office towers being reworked.
Header photo: the East River esplanade at Waterside Plaza, Kips Bay, 2025, by Transpoman, via Wikimedia Commons, CC BY-SA 4.0.
By Hush Street Editorial Updated Built from city filings and published reporting. About Hush Street
