New York, Chase Headquarters to Be Replaced by Taller Building

  • Posted by a hidden member.
    Log in to view his profile

    Mar 09, 2018 5:36 PM GMT
    270-park-ave-at-night.jpg

    JPMorgan Chase to Demolish Its Midtown East Headquarters Next Year.
    (NYT, Thu., Feb. 22, 2018 )
    JPMorgan Chase announced on Wednesday that it will demolish its headquarters on Park Avenue between 47th and 48th Streets and build a new 70-story world headquarters on the site for its 15,000 employees. The new tower will soar as much as 500 feet higher than the existing 52—story headquarters on the west side of Park Avenue and contain an additional one million square feet of office space.

    “With a new headquarters at 270 Park Ave.” the bank’s chairman and chief executive, Jamie Dimon, said in a statement, “we are recommitting ourselves to NYC while also ensuring that we operate in a highly efficient and world-class environment for the 21st century.”

    Chase is expected to begin demolition of the building at 270 Park early next year; with the new tower set to open five years later. Employees will be relocated to 237, 245 and 277 Park Avenue and 390 Madison Avenue.

    Chase has long been unhappy with its aging headquarters at 270 Pk. Built in 1961, it originally housed Union Carbide. The bank currently has about 6,000 employees crammed into the 52-story tower which was built for 3,500. (I do not know how many employees worked in the building when I worked there. We weren’t crammed. I moved there after 30 Rock. After 270 Park, we were off to 1211 6th, then 345 Park.)
  • roadbikeRob

    Posts: 18415

    Mar 10, 2018 1:25 PM GMT
    Is this the international style skyscraper in lower Manhattan that was one of the first buildings built after WW2?
  • Posted by a hidden member.
    Log in to view his profile

    Mar 10, 2018 5:28 PM GMT
    For the 25 or so people who viewed the original post, this morning I added the image.
  • Posted by a hidden member.
    Log in to view his profile

    Mar 10, 2018 5:33 PM GMT
    Then I worked at MetroTech before going to work for a different financial firm at the World Financial Center.
  • roadbikeRob

    Posts: 18415

    Mar 11, 2018 12:20 PM GMT
    ChartsAndMapAstrologer saidFor the 25 or so people who viewed the original post, this morning I added the image.
    Where is the link to the image?
  • whytehot

    Posts: 1278

    Mar 14, 2018 1:29 AM GMT
    That's unfortunate. Don't buildings like these have heritage protection? Can't imagine how the proforma can justify demolishing 52 stories to build only 70 stories. Meanwhile plenty of eyesores all around this building that no one would miss.
  • roadbikeRob

    Posts: 18415

    Mar 14, 2018 4:20 PM GMT
    whytehot saidThat's unfortunate. Don't buildings like these have heritage protection? Can't imagine how the proforma can justify demolishing 52 stories to build only 70 stories. Meanwhile plenty of eyesores all around this building that no one would miss.
    Like all them lookalike steel and glass boxes that proliferated during the urban renewal boom days of the 50s, 60s, and 70s.
  • Happenis

    Posts: 608

    Mar 14, 2018 6:53 PM GMT
    I agree that this building is really nothing special architecturally.. Just a big black boxy office building and there are tons of others throughout the city and the USA.