Foster + Partners

Updated Design Revealed for 350 Park Avenue Supertall in Midtown East, Manhattan

8:00 am on April 17, 2024 By Michael Young and Matt Pruznick

New renderings have been revealed for 350 Park Avenue, a proposed supertall office skyscraper in Midtown East, Manhattan. Designed by Norman Foster of Foster + Partners and developed by Ken Griffin, Vornado Realty Trust and Rudin, the 62-story structure is planned to rise roughly 1,600 feet tall and yield 1.8 million square feet of office space, with 54 percent to be occupied by the hedge fund Citadel LLC. The project site is bound by East 52nd Street to the north, East 51st Street to the south, and Park Avenue to the east.

425 Park Avenue, courtesy of L&L Holding

L&L Holding Company Secures Refinancing For 425 Park Avenue In Midtown East, Manhattan

7:30 am on April 13, 2024 By Max Gillespie

L&L Holding Company has secured $911 million in refinancing for 425 Park Avenue, an office skyscraper in Midtown East, Manhattan. Sumitomo Mitsui Trust Bank led the refinancing as the principal lender, with the new five-year floating rate loan intended to replace a similar-sized loan from 2021 that supported the tower’s final construction and leasing activities.

270 Park Avenue’s Exterior Continues to Progress in Midtown East, Manhattan

8:00 am on April 4, 2024 By Michael Young and Matt Pruznick

Exterior work is continuing on JPMorgan Chase‘s 1,388-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamson Associates as the architect of record and developed by Tishman Speyer, the topped-out 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 project, which occupies a full city block 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.

Rendering of the new Midtown Bus Terminal, courtesy of Port Authority of New York and New Jersey

Funding Approved For New Port Authority Bus Terminal In Midtown, Manhattan

7:00 am on March 17, 2024 By Max Gillespie

Governor Kathy Hochul, New York City Mayor Eric Adams, and the Port Authority of New York and New Jersey (PANYNJ) have agreed to work together to finance a $10 billion project to replace and expand the Port Authority Bus Terminal in Midtown, Manhattan. The city has agreed to allocate 40 years of tax revenue from three new commercial developments to fund the project, which has been designed by Foster + Partners. The tax allocation is expected to generate around $2 billion and cover approximately 20 percent of the total anticipated $10 billion cost of construction for the project.

JPMorgan Headquarters Reaches 1,388-Foot Pinnacle at 270 Park Avenue in Midtown East, Manhattan

8:00 am on February 23, 2024 By Michael Young and Matt Pruznick

Construction has fully topped out on 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 project, 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.

Renderings Revealed for Port Authority Bus Terminal Overhaul in Midtown, Manhattan

8:00 am on February 4, 2024 By Michael Young and Matt Pruznick

Last week, the Port Authority of New York and New Jersey (PANYNJ) revealed a pair of renderings for its proposal to reconstruct Port Authority Bus Terminal in Midtown, Manhattan. The $10 billion project is being designed by Foster + Partners and will replace the rundown 74-year-old, 2.1-million-square-foot structure that spans two city blocks between Eighth and Ninth Avenues and West 40th and 42nd Streets. The bi-state agency submitted a draft Environmental Impact Statement (EIS) last Thursday to the Federal Transit Administration, which green-lit a 45-day public comment period. Four hearings will be held from February 20 to 22.

JPMorgan Chase’s Supertall Nears its Pinnacle at 270 Park Avenue in Midtown East, Manhattan

8:00 am on December 31, 2023 By Michael Young and Matt Pruznick

The tallest building on our year-end construction countdown is 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.

Revamped Penn Station Entrance at 7th Avenue and 32nd Street, via amtrak.com

Amtrak, Vornado Unveil Revamped Entrance at New York Penn Station in Midtown, Manhattan

7:30 am on November 24, 2023 By Max Gillespie

Amtrak and Vornado Realty Trust have recently completed the transformation of New York Penn Station‘s busiest entrance at Seventh Avenue and 32nd Street in Midtown, Manhattan, significantly enhancing accessibility and customer experience for the station’s 600,000 daily visitors.

JPMorgan Celebrates the Topping Out of its Supertall Headquarters at 270 Park Avenue in Midtown East, Manhattan

8:00 am on November 21, 2023 By Michael Young and Matt Pruznick

Construction has structurally topped out on 270 Park Avenue, JPMorgan Chase‘s 1,388-foot supertall headquarters in Midtown East. Designed by Lord Norman Foster of Foster + Partners with Adamsom Associates as the architect of record and developed by Tishman Speyer, 60-story skyscraper will yield 2.5 million square feet of office space with a capacity of 15,000 employees, and is the tallest project currently underway in New York. AECOM Tishman is the general contractor for the property, which spans a full city block 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.

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

8:00 am on September 20, 2023 By Michael Young and Matt Pruznick

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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