740 Eighth Avenue
| The Torch 740 Eighth Avenue | |
|---|---|
 Artist's impression | |
 | |
| General information | |
| Status | Under construction (stalled) |
| Type | Hotel |
| Location | 740 8th Avenue, New York, NY 10036, U.S. |
| Coordinates | 40°45′34″N 73°59′16″W / 40.75944°N 73.98778°W |
| Construction started | 2022 |
| Estimated completion | 2027 (revised timeline pending) |
| Height | 1,067 feet (325 m) |
| Technical details | |
| Floor count | 52 |
| Design and construction | |
| Architect(s) | ODA Architecture |
| Developer | Extell Development Company |
740 Eighth Avenue, also known as The Torch,[1] is a supertall hotel skyscraper under construction in Midtown Manhattan, New York City, designed by ODA Architecture. It is planned to reach a height of 1,067 feet (325.1 meters) and originally expected to be completed in 2027. However, construction has stalled as of March 2024, with the site cleared of most equipment and materials.[2]
Stalling of construction
[edit]Construction stalled in March 2024, and the New York City Department of Buildings confirmed no activity at the site during inspections in May 2024. While no official stop-work orders have been issued, the site has faced legal and logistical issues, including lawsuits over unsafe conditions and unpaid services owed to subcontractors.[3] The project has also been embroiled in financial disputes, with Extell and its contractors reportedly owing over $2 million to Bronx-based CFS Steel Company for unpaid services. Despite the challenges, the foundation has been completed, and diagonal beams now buttress the retaining walls in preparation for resumed activity.[3]
Residents and businesses near the site, including the Playwright Celtic Pub, welcomed the pause in construction, citing relief from excessive noise and disruption. However, the incomplete state of the project continues to negatively impact the area's economy.[2]
Design and features
[edit]The 56-story building will incorporate a 260-foot drop tower and an observation deck. The Torch's design, featuring a 500-foot spiraling glass structure at the top, is inspired by the Statue of Liberty's torch. Additional amenities include retail space, a restaurant, a VIP lounge, and a pool deck for hotel guests. Renderings showcase its prominent position in the Midtown skyline.[4]
See also
[edit]- List of tallest buildings in the United States
- List of tallest buildings in New York City
- List of tallest hotels
References
[edit]- ^ Young, Michael; Pruznick, Matt (March 15, 2024). "Renderings Revealed For The Torch At 740 Eighth Avenue In Midtown, Manhattan". New York YIMBY. Retrieved June 6, 2024.
- ^ a b Allen, Dashiell (May 30, 2024). "Intermission at The Torch: Mega Hotel Construction Site Goes Quiet in Heart of Theater District". W42ST. Retrieved December 30, 2024.
- ^ a b Young, Michael; Pruznick, Matt (November 24, 2024). "Work Stalls on The Torch at 740 Eighth Avenue in Midtown Manhattan". New York YIMBY. Retrieved December 30, 2024.
- ^ Jacobs, Karrie (July 18, 2023). "Times Square's New Thrill Ride Looks Like It Came From Las Vegas". Curbed. Retrieved March 30, 2024.
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