ARTFEED — Contemporary Art Intelligence

New York's 262 Fifth Avenue Blocks Iconic Empire State Building View

architecture-design · 2026-05-14

The 262 Fifth Avenue skyscraper, a 50-story residential tower nearing completion in Manhattan, has sparked outrage by obstructing the historic view of the Empire State Building from Madison Square Park. Designed by Russian architecture firm Meganom and developed by Five Points Development Group, the pencil-thin tower stands over 250 meters tall and houses only 26 ultra-luxury apartments, with prices exceeding $18 million. Construction began in 2017, with foundations laid in 2022, and the building reached its final height in spring 2024 after a downsizing from an initial 300-meter plan. Residents and tourists have complained that the tower ruins the iconic vista, forcing tour guides to reroute walking itineraries. Critics describe the building as "obscene" and "out of scale," using sexual metaphors for its slender form. The controversy echoes past disputes over other supertall towers like 432 Park Avenue, nicknamed "Awful Waffle" and "The middle finger building," and the new JPMorgan Chase headquarters designed by Norman Foster, criticized as "monstrous." Journalist Christopher Bonanos notes that New Yorkers have historically resisted new skyscrapers, including the Empire State Building itself, which was once contested as a disruptive element.

Key facts

  • 262 Fifth Avenue is a 50-story, 250-meter residential tower in Manhattan.
  • The building blocks the view of the Empire State Building from Madison Square Park.
  • It contains 26 ultra-luxury apartments with prices over $18 million.
  • Designed by Russian firm Meganom and developed by Five Points Development Group.
  • Construction started in 2017, foundations in 2022, topping out in spring 2024.
  • Initial plan was over 300 meters but was downsized.
  • Residents and tourists have protested, calling the building 'obscene' and 'out of scale.'
  • Similar controversies include 432 Park Avenue and the JPMorgan Chase headquarters.

Entities

Artists

Institutions

  • Meganom
  • Five Points Development Group
  • JPMorgan Chase
  • The Guardian
  • New York magazine

Locations

  • New York City
  • Manhattan
  • Fifth Avenue
  • West 29th Street
  • Madison Square Park
  • Washington Square Park
  • Flatiron Building
  • Central Park
  • Park Avenue
  • 432 Park Avenue

Sources