At 60 stories, the 423-meter-tall tower will be the largest such building in the city and promises to feature an array of high-tech construction systems with space for up to 14,000 employees in what is billed as a renaissance of traditional offices under the new Midtown East rezoning plan.
Foster + Partners claims will be New York's largest all-electric tower, with net-zero operational emissions, with 100% of its energy use reportedly being taken from renewables and 97% of the construction materials derived from reused and recycled sources: "[It] will be 100 percent powered by renewable energy sourced from a New York State hydroelectric plant." Its shape references classic New York tall buildings according to the rules of the 1916 Zoning Law.
JPMorgan Chase headquarters in Manhattan by Foster + Partners. Rendering by DBOX for Foster + Partners
Announcing the new design, Norman Foster said the building would rise “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.”
The controversial project is part of the financial institution’s “long-term investment” in physical office space in what is seen as a rebuke of the remote-work movement. JPMorgan’s CEO Jamie Dimon, an outspoken proponent of return-to-office for some time, hopes to lure workers back to physical workplaces with a slate of health and wellness amenities integrated into the new 270 Park Avenue facility.
The previous structure, originally known as the Union Carbide Building, had earned LEED energy-efficient status upgrade in the year prior to the new project's announcement, prompting the local AIA chapter to issue a statement in which it expressed concern over the "precedent this may set for sustainable design in New York."
Foster + Partners claims will be New York's largest all-electric tower, with net-zero operational emissions, with 100% of its energy use reportedly being taken from renewables and 97% of the construction materials derived from reused and recycled sources: "[It] will be 100 percent powered by renewable energy sourced from a New York State hydroelectric plant." Its shape references classic New York tall buildings according to the rules of the 1916 Zoning Law.
JPMorgan Chase headquarters in Manhattan by Foster + Partners. Rendering by DBOX for Foster + Partners
Announcing the new design, Norman Foster said the building would rise “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.”
The controversial project is part of the financial institution’s “long-term investment” in physical office space in what is seen as a rebuke of the remote-work movement. JPMorgan’s CEO Jamie Dimon, an outspoken proponent of return-to-office for some time, hopes to lure workers back to physical workplaces with a slate of health and wellness amenities integrated into the new 270 Park Avenue facility.
The previous structure, originally known as the Union Carbide Building, had earned LEED energy-efficient status upgrade in the year prior to the new project's announcement, prompting the local AIA chapter to issue a statement in which it expressed concern over the "precedent this may set for sustainable design in New York."
