I hope so, too. Since we’ve waited so long for 2 WTC, it had better be worth the wait.
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It’s more the fact that there are still loads of slums and ghettos in those far eastern cities. Tons of shanty-towns and impoverished areas with ridiculously-high birthrates and limited capabilities to really develop properly without significant economic inequalities being formed. As for this project, it’s a tour de force of New York City architecture, and it’s a truly exemplary instance of what New York is all about. I will likely make a thread about this.
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From the renderings 2 WTC will be fine, nothing special and certainly outclassed by this building and other proposals in this area such as 175 and 350
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JPMorgan Chase Unveils Plans for New Global Headquarters Building in New York City
Firm is one of New York’s largest employers and contributors to the local economy
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JPMorgan Chase today unveiled the design for its new state-of-the-art global headquarters at 270 Park Avenue, reinforcing its commitment to New York City. The 1,388-foot, 60-story skyscraper – designed by Foster + Partners – will be New York City’s largest all-electric tower with net zero operational emissions and exceptional indoor air quality that exceeds the highest standards in sustainability, health and wellness. It will help define the modern workplace with 21st century infrastructure, smart technology and 2.5 million square feet of flexible and collaborative space that can easily adapt to the future of work.
The project is the first under New York City’s innovative Midtown East Rezoning plan, which encourages modern office construction and improvements to the business district’s public realm and transportation. With this new headquarters commitment, JPMorgan Chase will remain one of New York’s largest employers and continue to make a significant impact on the local economy – helping small businesses and supporting additional job growth as the region recovers from the global pandemic. The firm is also making a significant investment to help improve the city’s infrastructure and transit system and working closely with the Metropolitan Transportation Authority. The project is expected to be completed by the end of 2025.
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During the building period alone, the project will create more than 8,000 construction jobs from across 40 local unions – triggering additional economic activity of $2.6 billion for New York City and $3.6 billion for New York State overall. An independent study by Deloitte found that through JPMorgan Chase’s tens of thousands of local employees and operations, the firm contributes $29.8 billion in annual economic activity to New York City, stimulating an additional 40,000 jobs across several local industries. In New York State, the firm contributes a total of $39.8 billion annually to the state’s economy, stimulating an additional 61,000 jobs overall.
The new building will house up to 14,000 employees – replacing an outdated facility designed in the late 1950s for about 3,500 employees. It will offer 2.5 times more outdoor space on the ground level of Park and Madison Avenues, featuring wider sidewalks and a large public plaza on Madison Avenue with natural green space and other amenities geared toward the residents, workers and visitors who frequent the neighborhood on a daily basis.
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The concept for the new design was to create a timeless addition to Park Avenue, which celebrates the city’s iconic architectural history and serves as a powerful new symbol for the next generation of office towers in New York. Using a state-of-the-art structural system to negotiate the site constraints below and at ground level, the innovative fan-column structure and triangular bracing allow the building to touch the ground lightly across the entire block. By lifting the building about 80 feet off the ground, it extends the viewpoint from the Park Avenue entrance through to Madison Avenue.
270 Park will be New York City’s largest all-electric skyscraper with net zero operational emissions and will be 100% powered by renewable energy sourced from a New York State hydroelectric plant.
In addition to operating on net zero carbon emissions, the building will use state-of-the-art building technology and systems to ensure it operates as efficiently as possible, including:
-Intelligent building technology that uses sensors, AI and machine learning systems to predict, respond and adapt to energy needs.
-Advanced water storage and reuse systems to reduce water usage by more than 40%.
-Triple pane glazing on the façade and automatic solar shades connected to HVAC systems for greater energy efficiency.
-Outdoor terraces featuring natural green space and plantings.
The firm also recycled, reused or upcycled 97% of the building materials from the demolition – far exceeding the 75% requirement of the leading green building standard.
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Official statements
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase: “With our new headquarters, JPMorgan Chase is making a long-term investment in our business and New York City’s future while ensuring that we operate in a highly efficient and world-class environment for the 21st century. We are extremely excited about the building’s state-of-the-art technology, health and wellness amenities, and public spaces, among many other features. It is in the best location in one of the world’s greatest cities.”
New York State Governor Kathy Hochul: “New York is unmatched in our visionary innovation, educated workforce and business-friendly climate, and I commend JPMorgan Chase for expanding their investment in Midtown and recommitting their future to our great state. JPMorgan Chase’s new state-of-the-art global headquarters will not only support thousands of working professionals to New York City, but also will create thousands of good paying, union construction jobs and further spur our state’s economic comeback. As we recover from the pandemic, we will continue to make transformative investments in our infrastructure and workforce so that when it comes to starting or growing your business, there’s no better place than in New York.”
New York City Mayor Eric Adams: “New York City’s central business districts were hit hard by the pandemic, and restoring their vibrance is an integral part of our blueprint for an equitable economic recovery. This investment by JPMorgan Chase not only reflects their commitment to keeping and growing good jobs in New York City, it will also catalyze additional investment and new office space throughout Midtown East. And by incorporating sustainable design into the building, they are helping our city prepare for and mitigate the impacts of climate change.”
Norman Foster, Founder and Executive Chairman of Foster + Partners: “270 Park Avenue is set to be a new landmark that responds to its historic location as well as the legacy of JPMorgan Chase in New York. The unique design rises to the challenge of respecting the rhythm and distinctive streetscape of Park Avenue, while accommodating the vital transport infrastructure of the city below. The result is an elegant solution where the architecture is the structure, and the structure is the architecture, embracing a new vision that will serve JPMorgan Chase now and well into the future.”
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MTA Chair and CEO Janno Lieber: “It was challenging to thread the foundation of the new headquarters through historic Grand Central Station and the new LIRR Terminal below it, but we couldn’t have a better partner than JPMorgan Chase. Putting top-tier companies and 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.”
Rob Speyer, Chief Executive Officer of Tishman Speyer: “Tishman Speyer is proud to act as the development partner for JPMorgan Chase’s future headquarters. This project will benefit JPMorgan Chase’s workforce, area commuters, visitors and city residents more broadly for decades. 270 Park Avenue will stand as a global model for the next generation of office buildings, serving as an engine for economic growth, fostering a healthy work environment, and prioritizing sustainability.”
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Troy Rudd, Chief Executive Officer of AECOM: “With a proud history shaping New York City’s future, we applaud JPMorgan Chase’s commitment to New York City at this important moment and we are excited to be part of the team transforming Midtown. This project will continue to fuel New York’s recovery, creating thousands of jobs and generating millions in economic activity, and help the city reach its key sustainability goals.”
Vishaan Chakrabarti, Collaborating Architect and Founder, Practice for Architecture and Urbanism: “The new 270 Park will earn its place among Manhattan’s revered Jazz Age skyscrapers. It is a gift to our skyline and our streets, with a monumental axis connecting Park and Madison Avenues, gracious and enduring materials, generous public spaces and sidewalks, and robust connections to Grand Central Station. JPMorgan Chase’s new headquarters is a great example of New York’s resilience and rebirth.”
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Did this tower suffer any height reductions lol.
Also, the glowy put at the top makes it look shorter than it is. Is that part occupied?
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Between your avatar and now that GIF, I take it you like Mulan lol
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I’m very impressed with this figure:
“The firm also recycled, reused or upcycled 97% of the building materials from the demolition”
Does anyone have more details about this? Has this ever been done before on this scale?
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The first article mentioned that this building will be the first built under the MIdtown East Rezoning, but I thought One Vandy was the first one to be built under the rezoning.
I believe 1 Vanderbilt opted to start before the rezoning so it would go faster. Though I wish they would have waited, we probably would have gotten a lot more height. Maybe even the original 1,501 ft figure.
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Looking at these renderings gives the impression of some sort of bracing lighting. One can hope it is the case because I too would have liked to see some awesome bracing lighting. If not, I’ll take it in its current state because at least they put some effort into the top lighting. If the top can change colours that’d be even more awesome.
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Imagine if 175 Park has the same materials as 270 Park 
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I thought it was just light bleed from the inside of the atrium, but if you follow the bracing up you can clearly see some brace lighting. Hopefully that actually makes it in.
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All hail, Yimby, for scooping this design years ago!
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This one gives an even better look at the bracing and there are definitely bracing lights. That’s not bleed from the interior lighting. This building is gorgeous.
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Yeah that’ll look amazing in the night time. Especially if 350 Park gets built as is, we’ll be able to view it from the Bar on top. There’s also 1 Vandy’s observation deck. And when 175 park is complete you can view from a hotel room if you want. (also the Chrysler observation deck when it gets built. )
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