Image via Wikimedia
In March, the Archdiocese of New York reached a deal to sell 30,000 square feet of development rights from St. Patrick’s Cathedral to MRP Realty and Deutsche Bank, the owners of 405 Park Avenue in Midtown East. But, as Crain’s reported on Thursday, an exclusive men-only club has undercut the Archdiocese by offering the developers the deal at a lower price. The Brook, known for its billionaire clientele, will sell its air rights over its property at 111 East 54th Street to the owners of 405 Park Avenue. The owners plan to use the air rights to add four new floors to the 17-story property, a high-end office building.
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Back in February, 6sqft reported that the Union Carbide Building at 270 Park Avenue–currently the JP Morgan Chase headquarters–was set to be the largest intentionally demolished building in history when plans move forward to replace the 700-foot-tall structure with a tower that will likely rise to over 1,200 feet. ArchDaily brings us a study done by the Council on Tall Buildings and Urban Habitat (CTBUH) that looks at the 100 tallest buildings ever to be demolished by their owners. The study, aptly titled, “Tallest Demolished Buildings,” confirms that if the current plans move forward, Skidmore, Owings & Merrill’s 270 Park Avenue would indeed become the tallest to go down–and the first over 200 meters in height.
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270 Park Avenue via MikePScott’s Flickr
Plans to replace JPMorgan Chase’s current headquarters at 270 Park Avenue with a much taller tower at the same site is facing opposition from architecture and preservation buffs, shortly after the proposal was announced. Not only will the project become the largest intentionally demolished building in history, as YIMBY reported, the landmark-worthy Union Carbide Building was also designed in 1960 by Natalie de Blois, a pioneer of American architecture and one of the few female senior designers at that time. As the first project under the Midtown East rezoning, JPMorgan Chase’s existing 700-foot tall structure will be bulldozed to make way for a tower that will most likely be over 1,200 feet tall.
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A model of what the future 270 Park Ave building might look like via CityRealty
Mayor Bill de Blasio and JPMorgan Chase announced on Wednesday plans to build a new 70-story world headquarters at the site of the bank’s current offices at 270 Park Avenue, the first project under the East Midtown Rezoning plan. Approved by the City Council in August, the rezoning affects 78 blocks running from East 39th Street to East 57th Street and from Third Avenue to Madison Avenue. The updated zoning code is expected to clear the way for 6.5 million square feet of modern office space and allow for taller buildings. JPMorgan Chase’s new building will have enough room for about 15,000 employees, compared to the old building’s capacity of just 3,500 employees.
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