share

Share on facebook
Share on twitter
Share on linkedin

JP Morgan Chase unveils its new Park Avenue headquarters tower

Share on facebook
Share on twitter
Share on linkedin


Rendering of JP Morgan Chase's new tower at 270 Park Avenue
JP Morgan Chase’s new headquarters at 270 Park Avenue will have room for 14,000 employees. It’s currently under construction.
DBOX / Foster + Partners

The coy colossus of Park Avenue — also known as JP Morgan Chase’s new headquarters tower — has finally come out of hiding.

The financial giant on Thursday unveiled the long-secret design of its new, 1,388-feet-tall cloudbuster, which it kept under wraps even after construction started two years ago.

The slowly-rising giant at 270 Park Avenue at East 49th Street, designed by Foster + Partners, boasts a series of classically-inspired setbacks on the Park and Madison sides, with each setback ornamented by a monumental steel diamond.

It will stand 500 feet taller than the bank’s old building and have room for 14,000 employees, compared with 3,500 at the original.

The full-block skyscraper will also have 2.5 times more ground-level public outdoor space than its predecessor.

Monumental triangular braces, now visible at the site, will lift the actual building 80 feet off the ground, creating a view corridor from the Park Avenue entrance through to Madison Avenue.

Completion is due by the end of 2025.

270 Park Avenue
270 Park Avenue
DBOX / Foster + Partners
Lobby of new JPM tower
The tower’s lobby will be a hive for workers and others to congregate in the new nearly 1,400-foot building.
Lobby of new JP Morgan tower.
The tower was built by threading the required foundation through Grand Central Terminal, which had to be approved by the Metropolitan Transportation Authority, which says having such a big employer near a transit hub is ideal for New York City.

The project caps bank CEO Jamie Dimon’s long quest for a new Manhattan home, which scoured other locations on which to build from the Battery to Central Park. Tishman Speyer is the firm’s development partner.

Dimon praised the tower’s “state-of-the-art technology, health and wellness amenities and public spaces” at “the best location in one of the world’s greatest cities.”

The new 270 Park Ave. is the first project to exploit recent East Midtown rezoning, which allows much larger structures than were permitted previously.

New York City skyline rendering with new JP Morgan tower
The 1,388 foot-tall JP Morgan Chase tower will make a statement on the New York skyline — seen here in a rendering with the tower at 270 Park Avenue in the foreground.
DBOX / Foster + Partners

In exchange for a size bonus, JP Morgan Chase contributed about $65 million in “public realm” improvements.

They included a large plaza on the Madison Avenue side and a new street entrance to the Grand Central underground passage.

The complex project required threading the foundation through Grand Central Terminal and the new LIRR terminal beneath.

MTA chairman Janno Lieber said, “Putting thousands of jobs next to the best mass transit is key to New York’s future and this project has been a model public-private partnership.”



Source link

Leave a Comment

Your email address will not be published. Required fields are marked *