Work on the site began in 2017 when the existing structures were demolished, though construction of the skyscraper's foundation did not begin until 2022.

[2] In September 2016, SLCE Architects applied to build a 54-story, 928-foot (283 m) structure on the site at 262 Fifth Avenue designed by Russian firm Meganom.

[5] Kuzinez submitted plans for apartments to the New York City Department of Buildings (DOB) in the middle of that year.

[6] Demolition of the existing structure at 262 Fifth Avenue was completed by September 2017,[7] and the DOB approved the skyscraper plans the following month.

[8][9][10] The plans called for as many as 41 apartments, with floors measuring 47 to 52 feet (14 to 16 m), though potential buyers would be able to combine units.

[18][19] That November, Madison Realty Capital and Cottonwood Group lent the project a combined $180 million.

The building measures 860 feet (260 m) tall, giving it a height-to-width ratio of approximately 19:1; thus, it is classified as a pencil tower.

[27][28] Additional backlash targeted the building's design, an example of the pencil tower trend, as well as the small number of units relative to its height.