The first official DOB applications have been filed for JPMorgan’s new 57-story supertall office tower at 270 Park Avenue in Midtown East, Manhattan. YIMBY last reported on the 270 Park Avenue site when developer JPMorgan Chase filed a text amendment with City Planning for a tower designed by Foster + Partners Architects. Located between East 47th Street and East 48th Street, the lot is five blocks north of Grand Central Station, serviced by Metro North, as well as 4, 5, 6, 7, and S trains.
The proposed 1,322-foot-tall development will yield 2,439,635 square feet, with 1,871,767 square feet designated for office space. The steel-based structure will also have two sub-cellar levels, a cellar and seven enclosed parking spaces.
This proposal is noticeably shorter than the original diagrams that called for a 1,566-foot, eight-inch height, which would have made it the tallest tower in the city by roof height. It’s also well below the 1,400-foot height that JPMorgan projected in its plan with the zoning text amendment late last year. In May, the New York City Council approved JPMorgan’s new headquarters as the first site to utilize the City’s East Midtown Rezoning, which included a $42 million contribution to the public realm improvement fund following an air rights purchase from Grand Central Terminal in 2018.
Nickolas Zigomanis of Adamson Associates is listed as the architect of record, however, Foster + Partners is still likely the project architect.
Demolition permits were filed in January of this year, and work has already begun on dismantling the existing building. Construction of the new tower is expected to begin in January 2021, but no completion date has been announced.