270 Park Avenue

The first steel beams of JP Morgan Chase‘s 1,425-foot supertall have begun to rise at 270 Park Avenue as work continues on the demolition of its 52-story former headquarters in Midtown East. The new steelwork is being assembled on the Madison Avenue-facing side of the parcel, where a low-rise podium once stood, while the main 707-foot-tall skyscraper formerly known as the Union Carbide Building continues its descent toward Park Avenue. The new tower will eventually span the entire block between East 47th and 48th Streets from Park to Madison Avenues and yield 2.5 million square feet of office space.

Demolition is progressing rapidly at 270 Park Avenue, the site of JP Morgan Chase‘s new 1,425-foot-tall headquarters in Midtown East and number three on our end-of-year countdown. The firm is demolishing its former 707-foot-tall, 52-story tower to make way for the massive supertall, which will yield 2.5 million square feet of office space. The full-block parcel is located between Park and Madison Avenues and East 47th and 48th Streets.

Demolition has begun for JP Morgan Chase‘s 52-story former headquarters at 270 Park Avenue, which was once known as the Union Carbide Building. The financial titan is razing the 707-foot-tall mid-century skyscraper to make way for a massive 1,425-foot-tall, 2.5-million-square-foot supertall that will be among the tallest structures in New York City.