Taksim 360, located in the Tarlabaşı neighborhood of Istanbul, is one of the first state-led urban transformation projects in Turkey. Originally scheduled to be finished in 2014, the project is still under construction. Concordant with broader discussions, Tarlabaşı’s urban transformation has been largely studied through spatial lenses centered on accumulation by dispossession and displacement. These works assume that urban transformation projects necessarily follow a linear trajectory from inception to completion. Building on and diverging from this body of research, I examine the relationships between construction companies, subcontractors, and politicians involved in Taksim 360 through ethnographic fieldwork and media analysis with a critical emphasis on temporality. I argue that urban transformation in fact works through manipulations of time, which necessitates a temporal analytical lens that does not take teleologies of buildings projects for granted. It is specifically through delays that economic and political power is exerted, navigated, and negotiated within Taksim 360 using legal contracts, work stoppages, and stand-offs; conjuring of continued investment; and improvisations with labor and political capital. And so, delays emerge as modus operandi of urban transformation rather than measures of its failures or successes.