The tall building with the red and blue lighting is 432 Park Avenue and is under construction. "432 Park Avenue is a supertall residential project by CIM Group in midtown Manhattan in New York City. With a height of 1,398 feet (426.11 m), 125 condominium apartments,[1] it will become the 3rd tallest tower in the United States, with the One World Trade Center being taller, as judged by the height of its pinnacle, although 432 Park Avenue is taller if One World Trade Center is measured by roof height. Originally proposed at 1,300 feet (396 m) in 2011,[1][2] the construction began in 2012 and will finish in 2015." Source: Wikipedia