270 Park Avenue, also known as the JPMorgan Chase Building, is a
supertall
According to the CTBUH, a supertall building is defined as a building between in height.
The city with the most supertall buildings is Dubai at 33 entries, followed by Shenzhen and New York City with 21 and 19 supertall buildings respectively. ...
skyscraper on the
East Side of the
Midtown neighborhood of
Manhattan
Manhattan ( ) is the most densely populated and geographically smallest of the Boroughs of New York City, five boroughs of New York City. Coextensive with New York County, Manhattan is the County statistics of the United States#Smallest, larg ...
in
New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
. Designed by the firm of
Foster + Partners
Foster and Partners (also Foster + Partners) is a British international architecture firm with its headquarters in London, England. It was founded in 1967 by British architect and designer Norman Foster. The firm has been involved in the design ...
, the
skyscraper
A skyscraper is a tall continuously habitable building having multiple floors. Most modern sources define skyscrapers as being at least or in height, though there is no universally accepted definition, other than being very tall high-rise bui ...
is expected to rise when completed in 2025.
The tower replaces the 52-story
Union Carbide Building, built in 1960 and demolished in 2021.
The old structure was the headquarters of
JPMorgan Chase
JPMorgan Chase & Co. (stylized as JPMorganChase) is an American multinational financial services, finance corporation headquartered in New York City and incorporated in Delaware. It is List of largest banks in the United States, the largest ba ...
, which is using
383 Madison Avenue
383 Madison Avenue, formerly known as the Bear Stearns Building, is a , 47-story skyscraper in the Midtown Manhattan neighborhood of New York City, New York, U.S. Built in 2002 for financial services firm Bear Stearns, it was designed by archi ...
until it can move into the new building. Before that, the old building was originally the headquarters of
Union Carbide
Union Carbide Corporation (UCC) is an American chemical company headquartered in Seadrift, Texas. It has been a wholly owned subsidiary of Dow Chemical Company since 2001. Union Carbide produces chemicals and polymers that undergo one or more f ...
.
Site
Located in
New York City
New York, often called New York City (NYC), is the most populous city in the United States, located at the southern tip of New York State on one of the world's largest natural harbors. The city comprises five boroughs, each coextensive w ...
's
Midtown Manhattan
Midtown Manhattan is the central portion of the New York City borough of Manhattan, serving as the city's primary central business district. Midtown is home to some of the city's most prominent buildings, including the Empire State Building, the ...
neighborhood, 270 Park Avenue will occupy the entire city block bounded by
Madison Avenue
Madison Avenue is a north-south avenue in the borough of Manhattan in New York City, New York, that carries northbound one-way traffic. It runs from Madison Square (at 23rd Street) to meet the southbound Harlem River Drive at 142nd Stree ...
to the west, 48th Street to the north,
Park Avenue
Park Avenue is a boulevard in New York City that carries north and southbound traffic in the borough (New York City), boroughs of Manhattan and the Bronx. For most of the road's length in Manhattan, it runs parallel to Madison Avenue to the wes ...
to the east, and
47th Street to the south.
The lot measures about with a
frontage
Frontage is the boundary between a plot of land or a building and the road onto which the plot or building fronts. Frontage may also refer to the full length of this boundary. This length is considered especially important for certain types of ...
of on each avenue and on each street.
The lot is part of
Terminal City, the area that developed rapidly after the 1913
completion of the largely underground
Grand Central Terminal
Grand Central Terminal (GCT; also referred to as Grand Central Station or simply as Grand Central) is a commuter rail terminal station, terminal located at 42nd Street (Manhattan), 42nd Street and Park Avenue in Midtown Manhattan, New York Ci ...
. The buildings erected in the following years included office buildings such as the
Chanin Building
The Chanin Building ( ), also known as 122 East 42nd Street, is a 56-story office skyscraper in Midtown Manhattan in New York City, New York, U.S. It is on the southwest corner of 42nd Street (Manhattan), 42nd Street and Lexington Avenue, nea ...
,
Bowery Savings Bank Building, and
New York Central Building, and hotels such as the Biltmore,
Commodore
Commodore may refer to:
Ranks
* Commodore (rank), a naval rank
** Commodore (Royal Navy), in the United Kingdom
** Commodore (India), in India
** Commodore (United States)
** Commodore (Canada)
** Commodore (Finland)
** Commodore (Germany) or ' ...
,
Waldorf Astoria
The Waldorf Astoria New York is a luxury hotel and condominium residence in the Midtown Manhattan neighborhood of New York City, New York. The structure, at 301 Park Avenue between 49th and 50th Streets, is a 47-story, Art Deco landmark des ...
, and Summit.
The site of the future 270 Park Avenue was occupied by a six-building complex, the
Hotel Marguery
The Hotel Marguery was the first of three buildings located at 270 Park Avenue in the Midtown Manhattan neighborhood of New York City. It was a six-building apartment hotel complex built in 1917 as part of Terminal City (Grand Central Termina ...
, which opened in 1917 and was developed by
Charles V. Paterno
Charles Vincent Paterno (born Canio Paternò, August 4, 1878 – May 30, 1946) was an Italian-born American real estate developer. He was called the "Napoleon of the Manhattan Skyscraper Builders".
Life and career
Paterno was born in Castelmez ...
. The stone-clad hotel was 12 stories high and designed in the
Renaissance Revival
Renaissance Revival architecture (sometimes referred to as "Neo-Renaissance") is a group of 19th-century architectural revival styles which were neither Greek Revival nor Gothic Revival but which instead drew inspiration from a wide range of ...
style.
By 1920, the area had become what ''
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'' called "a great civic centre".
The Hotel Marguery was replaced by the 52-story
Union Carbide Building, the first structure to occupy the entire block, which opened in 1960. The building eventually became JPMorgan Chase's world headquarters. Among the site's current neighbors are the old
New York Mercantile Library
The Center for Fiction, originally called the New York Mercantile Library, is a not-for-profit organization in New York City, with offices at 15 Lafayette Avenue in Fort Greene, Brooklyn. Prior to their move in early 2018, The Center for Fiction ...
and
400 Madison Avenue
400 Madison Avenue is a 22-story office building in Midtown Manhattan in New York City. It is along Madison Avenue's western sidewalk between 47th Street (Manhattan), 47th and 48th Streets, near Grand Central Terminal. 400 Madison Avenue was de ...
to the west;
Tower 49
Tower 49 is an office skyscraper in the Midtown Manhattan neighborhood of New York City. The lot has frontage on both 48th and 49th Streets between Fifth Avenue and Madison Avenue. The street frontages were offset by about the width of an NYC bro ...
to the northwest;
277 Park Avenue
277 Park Avenue is an office building in the Midtown Manhattan neighborhood of New York City. It stands on the east side of Park Avenue between East 47th and 48th Streets, and is tall, with 50 floors. It is tied with two other buildings, 55 Wat ...
to the east;
245 Park Avenue
245 Park Avenue is a skyscraper in Midtown Manhattan, New York City. Designed by Shreve, Lamb and Harmon, it was completed in 1967 and contains on 48 floors. The Building Owners and Managers Association awarded the 2000/2001 Pinnacle Award to ...
to the southeast; and
383 Madison Avenue
383 Madison Avenue, formerly known as the Bear Stearns Building, is a , 47-story skyscraper in the Midtown Manhattan neighborhood of New York City, New York, U.S. Built in 2002 for financial services firm Bear Stearns, it was designed by archi ...
to the south.
Architecture
Foster and Partners
Foster and Partners (also Foster + Partners) is a British international architecture firm with its headquarters in London, England. It was founded in 1967 by British architect and designer Norman Foster. The firm has been involved in the desig ...
designed the building, which will be tall.
Sources disagree on the number of stories. ''
The New York Times
''The New York Times'' (''NYT'') is an American daily newspaper based in New York City. ''The New York Times'' covers domestic, national, and international news, and publishes opinion pieces, investigative reports, and reviews. As one of ...
'' indicates that the building will rise 70 stories,
Emporis
Emporis was a real estate data mining company with headquarters in Hamburg, Germany. The company collected data and photographs of buildings worldwide, which were published in an online database from 2000 to September 2022.
Emporis was acquired ...
cited a figure of 63 stories,
and the
Council on Tall Buildings and Urban Habitat
The Council on Tall Buildings and Urban Habitat (CTBUH) is an international body in the field of tall buildings, including skyscrapers, and Sustainable design, sustainable urban design. A non-profit organization based at the Monroe Building in ...
gives a figure of 60 stories.
There are 24 massive columns at the base,
which will support a lobby measuring about high, with public space facing Madison and Park Avenues. Above the lobby will be a series of
setbacks to the west and east, tapering to a pinnacle.
The interior will fit 15,000 employees and will contain a food hall, a penthouse conference center, a fitness center, and large spaces illuminated by natural lights.
The floor plates will be able to be configured in several layouts. To comply with city legislation, which bans the use of natural gas in all new buildings constructed after 2027, the structure will be powered entirely by hydroelectric energy. Ninety-seven percent of materials from the old building were
creatively reused, recycled, or otherwise diverted from landfills.
The design team also includes
Adamson Associates
Adamson Associates is a Toronto-based architectural firm founded in 1934. It also has affiliated offices in Vancouver, Los Angeles (Adamson Associates, Inc.), New York City, New York (AAI Architects, P.C.) and London (Adamson Associates as architect of record;
nternatio ...
as architect of record; Jaros, Baum & Bolles as MEP engineer; Vishaan Chakrabarti">Jaros, Baum & Bolles">nternatio ...