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.
Midtown East Rezoning
Exterior work is progressing on 425 Park Avenue, an 897-foot-tall commercial skyscraper in Midtown East and number 12 on YIMBY’s construction countdown. Designed by Norman Foster of Foster + Partners and developed by L&L Holding Company LLC with Adamson Associates, the 47-story tower will yield 666,966 square feet of office space.
An Environmental Assessment Statement for 109 East 42nd Street in Midtown East reveals details for the proposed Project Commodore, a 1,646-foot-tall skyscraper on the site currently occupied by Grand Hyatt New York. Developed under the Commodore Owner LLC by RXR Realty and TF Cornerstone, the mixed-use supertall is designed by Skidmore, Owings & Merrill. Components include 2,108,820 square feet of office space, a smaller 500-room Grand Hyatt hotel, approximately 10,000 square feet open-air publicly accessible space, and 43,370 square feet of retail including some controlled by the MTA on the cellar, ground, and second floors.
Exterior work is getting closer to completion on 425 Park Avenue, an 897-foot-tall office skyscraper in Midtown East. Designed by Norman Foster of Foster + Partners and developed by L&L Holding Company LLC with Adamson Associates as the architect of record, the building stands 47 stories tall and will span 666,996 square feet.
Demolition is moving along on JP Morgan Chase‘s 52-story headquarters at 270 Park Avenue. Formerly referred to as the Union Carbide Building, the financial company is in the midst of razing the 707-foot-tall mid-century skyscraper in order to make way for a 1,425-foot-tall, 2.5-million-square-foot supertall, which will be one of the tallest structures in New York City.