[...] a demolition application was filed for 270 Park Avenue, the current, but not for long headquarters of JPMorgan Chase. The filing is a pivotal step for the bank, which plans to replace the 1.5 million-square-foot Modernist tower with a 2.5 million square foot supertall skyscraper designed by Lord Norman Foster. — CityRealty
The clock is ticking for the midcentury modernist HQ of banking giant JPMorgan Chase: despite preservationist and environmental concerns, the fate of 270 Park Avenue appears sealed, and the 50-story structure is likely to become the world's tallest building ever to be intentionally demolished.
"Full demolition work is slated to begin in early 2019, and a construction elevator has already been erected alongside the building," reports CityRealty. "Once the new 270 Park is completed in 2024, it will become one of the tallest buildings in NYC and the hemisphere's tallest office building by roof height."
Two options for a Foster + Partners-designed replacement tower were revealed in November.
10 Comments
just in case you thought the banking and media elites were smart ... they spent 1 Billion to renovate then three years later are tearing it all down when they could just build up on the other side. No more bailouts for you!
Quite the opposite. They are smart cuz its all borrowed money anyways, and they can "create jobs" under the guise of all of this.
You could “create jobs” with government building public housing towers (by Foster?). This is just the priorities of our current corrupt economic-government-media system.
What a waste.
I'm not even that upset about the loss of a significant piece of modernist history - it's a gigantic waste of resources.
+1
Replace a monument to fascism with an even bigger one. Perfect.
Doesn't say much for the bleeding-heart New York City mayor de Blasio that signed off on it.
DeBlasio is all about giveaways to billionaires and developers.
the heighth of arrogance in the age of trump
Say what you want but the transformation of the Old Post Office Building in DC to the Trump hotel is a tremendous boost for the District. 'Jamie' Dimon of JP Morgan and Mayor de Blasio would have torn it down in a heartbeat had it been in NYC.
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