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Four years after the project’s initial announcement, Foster + Partners has finally revealed designs for JPMorgan Chase’s new headquarters in Manhattan. At 60 stories, the 1,388-foot-tall tower will be the largest such development in the city and promises to feature an array of high-tech... View full entry
The City Council approved JP Morgan Chase’s plans Wednesday for a soaring 70-story tower to replace the Union Carbide Building in East Midtown. [...] The new tower will consolidate all of JPMorgan Chase’s employees in one building and will come with a 10,000 square-foot privately owned public space after Community Board 5 and elected officials pushed for more square footage. — Curbed NY
Despite environmental concerns, demolition of the historic 270 Park Avenue tower in East Midtown, New York has already started to make way for JPMorgan Chase's new 70-story headquarters, which Foster + Partners was selected to design. Construction of the new tower is currently scheduled to begin... View full entry
[...] 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... View full entry
[...] the second supertall to result from the Midtown East rezoning is moving forward, with JPMorgan Chase filing a text amendment with City Planning for a 1,400-foot tower on the site of 270 Park Avenue. Designed by Foster + Partners Architects, the plans also come with the first renderings of the 2.4 million square foot supertall, and massing diagrams that offer a look at what’s in store for New York City’s most central business district. — New York YIMBY
After announcing Foster + Partners as design architect for its new 270 Park Avenue HQ tower a few days ago, JPMorgan Chase has now filed a zoning text amendment with NYC's City Planning department. The document shows two options for a massive supertall tower to replace the current building from... View full entry
JPMorgan Chase & Co.’s Jamie Dimon has said he wants to build a new world-class headquarters for the 21st century. Now he’s hiring the architect behind Apple Inc.’s futuristic offices to design the new Park Avenue tower.
Foster + Partners will serve as the lead architect on the project[...]. It also designed 425 Park Ave., under construction a few blocks to the north. The bank didn’t disclose details of the design.
— Bloomberg
Banking giant JPMorgan Chase initially floated plans to demolish its current New York City home at 270 Park Avenue back in February, and this week's selection of Norman Foster as the design architect of the replacement building appears to seal the fate of the old tower. Completed in 1961 and... View full entry
The company is negotiating a lease in 1 World Trade Center to take over about 200,000 square feet in the building, a source close to the deal told CNNMoney.
WeWork recently became the second-largest renter of office space in the borough, according to a Cushman & Wakefield report earlier this month. WeWork trails just about 74,000 square feet behind JPMorgan's New York tenancy. If the deal goes through, WeWork would surpass the bank.
— money.cnn.com
According to Crain's New York Business, WeWork is close to finalizing the lease with 1 World Trade Center. The co-working space company has grown tremendously in the past 8 years it has been operating with offices now in over 20 countries around the world. For more backstory on WeWork's... View full entry
270 Park Avenue, also known as the Union Carbide Building, is slated for demolition. Designed by Skidmore Owings & Merrill partner, Natalie Griffin de Blois, and completed in the early 60s, the mid-century office tower will be town down in order for the building's owner, JPMorgan Chase, to... View full entry
Earlier today, news broke that the De Blasio administration has hashed out a deal with JPMorgan Chase to demolish its existing headquarters at 270 Park Avenue, and replace the structure with a shiny new 70-story building. The deal was negotiated in the wake of the Midtown East rezoning, which loosened zoning regulations for the area in exchange for developers providing street-level and infrastructure improvements. — Curbed New York
Not so fast! said architecture critics and preservationists when news broke that the midcentury 270 Park Avenue tower in Manhattan's East Midtown, currently home of banking giant JPMorgan Chase, had quietly been selected—not for landmark designation—but for the chopping block. Designed by... View full entry
