PROJECT · NEW YORK / 2 UPDATES

The Torch

The development timeline, every story tracking The Torch, oldest first.

Sep 11, 2026
Capital & Deals
Extell Finalizes $1.3B Construction Loan for Times Square Torch
Extell closed up to $1.3B in construction financing for The Torch, its 52-story Times Square hotel supertall, a live read on large-loan availability.
Oct 28, 2026
Development
Extell's Torch Tower Lands Hyatt's StandardX as Hotel
Developer Extell named Hyatt's StandardX brand as anchor hotel operator for its 740 Eighth Avenue tower, The Torch, a roughly 1,800-room flag in Times Square.