Demolition work is continuing at 270 Park Avenue, where JP Morgan Chase is tearing down its current 707-foot-tall headquarters to construct a new 1,425-foot-tall, 2.5-million-square-foot home. Designed by Foster + Partners, the future Midtown East supertall is the fifth-tallest project underway in New York City.
Photos from around the site show the mid-century Modernist-style skyscraper almost completely enveloped in scaffolding and black netting. A construction crane has been assembled on the southern elevation and stands ready for work above the flat roof parapet. The building’s upper levels should begin to come down, gradually eroding the height of the old skyscraper in the coming months.
YIMBY recently released a rendering created by ATCHAIN that shows a design scheme for the new 270 Park Avenue, despite a chance that it may be outdated. Nonetheless, it is still the closest depiction of what the final product may look like. 270 Park Avenue would surpass the height of Kohn Pedersen Fox’s supertall One Vanderbilt and stand just 125 feet shorter than Extell’s Central Park Tower on 57th Street.
New York’s construction boom over the past decade has been relentless, with multiple neighborhoods across Manhattan and the surrounding boroughs undergoing a constant evolution. Midtown East is poised to be the next great corridor for such change, with 270 Park Avenue joining One Vanderbilt and Harry Macklowe’s proposed Tower Fifth to dramatically transform the skyline over the coming years.
Demolition of the existing superstructure could wrap up by the end of 2020, while completion of the new 270 Park Avenue could plausibly occur sometime between 2022-2023.