Boris Kuzinez purchased the buildings at 260, 262, and 264 Fifth Avenue in 2015 and 2016 for a total of $101.8 million.[1][2] Kuzinez also purchased air rights for $5.8 million.[2] In September 2016, SLCE Architects applied to build a 54-story, 928 foot structure on the site at 262 Fifth Avenue designed by Russian firm Meganom.[1] Before receiving the commission to design 262 Fifth Avenue, Meganom had not designed a building in the United States.[3] Five Points JV, L.P. acted as the representative of the site's owner.[1] Demolition of the structure at 262 Fifth Avenue was completed by September 2017.[4] Nikolai Fedak, writing for New York YIMBY, compared plans to incorporate 260 Fifth Avenue into the new building's base to plans for 111 West 57th Street.[4]
In January 2019, New York YIMBY reported that work on the building was apparently not progressing.[5] Work had resumed by November 2021 with the start of excavation.[6] In 2022, work began on the structure's foundation.[7] Between August and December 2022, the planned height of the structure was reduced from 1,043 feet to Шаблон:Cvt.[8][9]
Due to the building's location and height, it obscures views of the Empire State Building from portions of Fifth Avenue.[10]
