Steelwork Begins on Fourth Tier of JPMorgan Chase’s Supertall Headquarters at 270 Park Avenue in Midtown East, Manhattan

Construction and steelwork has begun on the fourth tier of JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, the 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and will become the tallest structure in New York completely powered by hydroelectric energy. AECOM Tishman is the general contractor for the full-block property, which is bound by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

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Affordable Housing Lottery Launches for Virginia House Senior Residences in East Harlem, Manhattan

The affordable housing lottery has launched for Virginia House Senior Residences, a seven-story mixed-use building at 124 East 112th Street in East Harlem, Manhattan. Designed by PM Architecture and developed by Acacia Network, the structure yields 57 residences. Available on NYC Housing Connect are 33 units for residents at 50 percent of the area median income (AMI), ranging in eligible income from $72,000 to $167,570.

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