On the bustling shopping strip of Fifth Avenue in New York City sits something you might not expect to find: an empty lot.

But it won’t stay empty for long. The development site at 570 Fifth Avenue, between 46th and 47th Streets, is slated to become a 33-story office tower, anchored by an 80,000-square-foot IKEA store at its base, according to the developer, Extell Development.