Construction continues to rise on 270 Park Avenue, JPMorgan Chase‘s new 1,388-foot-tall, 70-story supertall headquarters in Midtown East. Severud Associates is the engineer of record and Mueser Rutledge Consulting Engineers (MRCE) designed the structural foundation elements for the 2.5 million-square-foot tower, which takes up a full city block between Park and Madison Avenues and 47th and 48th Streets.
Several office floors have been added since our last update at the end of December, when the flared base had recently finished. There are now four levels with metal decking standing above that point, and progress should pick up in the coming weeks as the weather gets warmer.
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
The construction elevator hoist facing Park Avenue has also climbed higher above street level, while the construction cranes should also follow suit.
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
270 Park Avenue. Photo by Michael Young
On the western half of 270 Park Avenue is a flat cantilevering section that protrudes beyond the first office level, and wraps around the northern and western corners. The opposite eastern elevation does not have any steel connections that would indicate a replicated assembly.
270 Park Avenue. Photo by Michael Young
So far the core of the edifice has yet to appear at the center of the project, but this should occur sometime in the coming weeks. Workers could possibly reach the first setback by the end of spring or early summer, and the superstructure could conceivably hover just below the halfway point by the end of the year. The gradual reduction in floor size should aid in the speed of construction.
270 Park Avenue’s completion date remains undisclosed, but is estimated to take several more years.
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The devil’s base looks unstable.
It had to be unstable because there is a railroad tunnel underneath it and that’s why.
Something tells me the hundreds or hours of structural analysis done by the engineers is a little more trustworthy than you eyeballing it.
Quite a project, but giant office towers seem like such a waste at this point. Restaurants, theatres, sports arenas, and bars are busier than ever, but offices are still less than half full. We just can’t get people back in these places if we want to keep them as employees – and I think it’s no longer temporary, but a long-term shift in behavior.
*Some office towers are still less than half full. All modern office towers over transit access are sold out and their developers wish they had bigger buildings.
Besides none of that matters, this is JP Morgan Chases HQ, and if you think they’re going to let their workers work from home you are sorely mistaken.
Everyone is back to work except financial and legal industries. I guess jobs too cushy.
2-3 days a week (maybe) in the office for media and advertising. No longer able to rationalize 5 days in, for any employees. Company I work for will use half of the space we have now when time to renew lease.
Not so sure about that. Recently, for example, Google ordered ALL their employees back to the offices (with some exceptions which will require approval). Google has seen enough. ON a long-term basis, you simply can’t run a global corporation from everybody’s living rooms, in their underwear.
Agreed for the most part, I think within the coming years people will see that the office isn’t as finished as everyone thought it was.
This is an extreme employees market. Therefore employers are being wary in forcing their staff back into the office, especially since the whole COVID fear has not fully subsided. People are afraid of using the “deal with it” response to anything COVID related, and everyone else knows it. Therefore, at the moment, employers are satiating their employees with hybrid work schedules. However I think most people agree that business efficiency (read: not personal efficiency resulting from all that time you save not commuting) is not on par with office efficiency. There are exceptions of course, but those careers had remote work schedules before the pandemic.
Employers want their employees in the office, and that’s going to be a much more prominent sticking point when the labor market isn’t so tight. Once the next downturn comes, I suspect the remote workers will be the first to get canned. They are the easiest to replace, and have the least emotional attachment to other colleagues. This will be double so for all those who think they won the lottery by keeping a Manhattan salary while living in some quaint rural area.
A state-of-the-art building like this is not a waste.
I do wonder what will happen to the space in the various buildings that Morgan Chase will vacate to consolidate its headquarters employees to 270 Park a couple of years from now.
People who think offices are obsolete will wake up to a reality call within the coming years, all big tech and finance are requiring more rto and they do not have a shortage of people applying, it’s over saturated if anything at the entry and mid levels. This isn’t to say there won’t be more remote jobs than ever before but it surely isn’t replacing the office in the next few centuries.
Well this is certainly exciting to see. I don’t understand why final renderings have been so sketchy to date. Pardon the pun.
this is an excellent photo montage, but you must see it in person to really appreciate – will get me back in mid-town soon
Worked there, woke, clicks, snobby…horrible work environment, go do banking and brokerage elsewhere and save your high fees.
An exciting development , what makes Manhattan what it is and has always been. All the naysayers touting work-at-home might consider that some very skilled economists gave the go-ahead for these projects.
Agreed!
Excellent summary (Cheesemaster200), well put; however..hybrid is here to stay; advancements in remote work technologies (i.e. Zoom/Logitech/Meta/MSFT-Teams/ medical visits–on and on)are not going away..Metropolises however (LA/NYC) will regain increasing power over time(5-10 years)IMO.. as many (younger!) people will tire in droves from the isolation of digital/remote work and value deeper/more varied/complex (and importantly)–nearby- social connections.. nothing exceeds the energy of NYC at Night!
..
Agreed. Office workers in NYC are a MAJOR factor in the life and livliness of the city. Keep in mind work-at-home existed well before the virus in March 2020. It was mostly consulting/artistic/software/sales work. But the virus lock-downs also forced many other types of work, such as accounting/law/engineerig/medical, to go remote – work that is better suited to an office environment with fellow workers, and equipment. As a professional services firm owner, my office worked MUCH better with everyone here in the office. And here everyone is, and has been since May 2020. Remote for two months kept us alive, but was not that efficient. Certainly NOT a long-term solution.
Is anybody else “concerned” about the stress factor on that cantilevered base, supporting that massive tower?! 😨
Absolutely!
Not as much as I do when looking at the base of One Manhattan West.
I believe the cantilevered section on the Madison Avenue side is a temporary structure to supplement the sidewalk sheds.
The NY Unions are pushing for these monster buildings