Demolition is progressing rapidly at 270 Park Avenue, the site of JP Morgan Chase‘s new 1,425-foot-tall headquarters in Midtown East and number three on our end-of-year countdown. The firm is demolishing its former 707-foot-tall, 52-story tower to make way for the massive supertall, which will yield 2.5 million square feet of office space. The full-block parcel is located between Park and Madison Avenues and East 47th and 48th Streets.
Recent photos show how far demolition has progressed since YIMBY’s last visit in August. The mid-century skyscraper, which was formerly known as the Union Carbide Building, has surpassed the halfway mark and is rapidly approaching street level.
Only the last chunk of the lower floors remains, and stands enclosed in a thick assembly of metal scaffolding and black netting. The construction crane that is set up on the southern elevation is constantly lifting and lowering metal dumpsters filled with debris from each dismantled floor. Additional smaller cranes can be seen among what was once the multi-story annex on the western end of the full-block property.
All the glass from the window frames has been taken out, leaving them hollow and surrounded by tall metal gates or boarded up with plywood.
The project will eclipse the record for the tallest building to be peacefully demolished that was set when the Singer Building was torn down in 1968. The ornate 674-foot-tall tower was replaced by the 54-story, 804-foot-tall One Liberty Plaza.
YIMBY predicts that 270 Park Avenue should be fully demolished by the first half of 2021. Details regarding its replacement are slim, with no architect, finalized rendering, or construction timetables released so far.