The steel superstructure for JP Morgan Chase‘s new 1,425-foot supertall headquarters continues to rise on the western half of 270 Park Avenue‘s full-block parcel as work progresses on the demolition of the company’s 52-story former home on the opposite end of the Midtown East lot. Construction workers are busily lifting and welding new steelwork along Madison Avenue between East 47th and 48th Street, where the low-rise podium of the original 707-foot-tall skyscraper formerly known as the Union Carbide Building once stood.
Midtown East Rezoning
The Department of Buildings has awarded Norman Foster’s 425 Park Avenue a temporary certificate of occupancy, or TCO, signaling imminent completion of the commercial skyscraper in Midtown East. From developers L&L Holding Company, Tokyu Land Corporation, and co-managing partner BentallGreenOak, the 47-story office tower comprises around 667,000 square feet.
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.
Exterior work is progressing on 425 Park Avenue, an 897-foot-tall commercial skyscraper in Midtown East and number 12 on YIMBY’s construction countdown. Designed by Norman Foster of Foster + Partners and developed by L&L Holding Company LLC with Adamson Associates, the 47-story tower will yield 666,966 square feet of office space.