Greater East Midtown Rezoning

Midtown East, New Developments

Image via Flickr

In response to pushback, JPMorgan Chase will be redesigning its planned 1,400-foot office tower at 270 Park Avenue with additional open public space, as Crain’s first reported. Under the East Midtown rezoning, new developments are required to provide 10,000 square feet of public space, but because two-thirds of the site sits above the Grand Central Terminal train shed, architects for the project argued they could only come up with 7,000 square feet. This notion was challenged by members of Manhattan Community Board 5 and elected officials. JPMorgan has now agreed to submit new designs increasing the size of the public space to 10,000 square feet and making it an open-air area instead of enclosed as it was in the initial design proposal.

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Midtown East, New Developments

The existing 270 Park Avenue, MikePScott via Flickr

Demolition permits were filed Tuesday for the JPMorgan Chase HQ at 270 Park Avenue, CityRealty reports. The building will be the tallest planned demolition in history. The filing is a significant step for the bank on the way to replacing the 1.5-million-square-foot Modernist tower previously known as the Union Carbide Building with a 2.5-million-square-foot skyscraper, to be designed by British Pritzker Prize winner Norman Foster/Foster + Partners architectural firm.

Down with the old, up with the new

Midtown East, New Developments

270 Park Avenue enclosed public space (with action); image from City Planning.

In late October, JPMorgan Chase announced the selection of Foster + Partners, led by British Pritzker Prize winner Norman Foster, as the architects of a new 70-story headquarters on the site of its current offices at 270 Park Avenue between East 47th and 48th streets, CityRealty reports. The plan, announced in February, represents the first major project under the 2017 Midtown East Rezoning Plan that upzoned 78 blocks of Midtown to allow for the construction of larger, more modern skyscrapers. The 70-floor, 1,400-foot height would make the new headquarters one of the tallest buildings in the city and the tallest office building by roof height.

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