NEW YORK | 270 Park Ave | 1,388 FT | 58 FLOORS
 

APRIL 14, 2022 : EDIT - RENDERINGS REVEALED


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Only in New York!

This is why it's called "The City"!

https://therealdeal.com/2018/02/21/j...massive-tower/

Jinx! Can't wait for renderings.

Let's hope it's something that suits that august address.

That's exciting news. I look forward to seeing some renderings for this project when they're available.

it seems a little kooky that they would tear down a 52 story tower only to rebuild a 70 story tower on the site.

that's an awful lot of money and trouble for 18 additional floors.

Thanks mods for fixing my post. It's not really odd when you consider that the new tower will be 500 feet taller and offer an additional 1 million square feet (2.5 million total).

also, at 707' tall, i believe the current chase HQ tower would be the tallest skyscraper ever voluntarily demolished in the history of our world.


(obviously the WTC twins were much taller, but that was hardly a voluntary demolition)

Yeah, for a financial institution this is comical. Just adds more fuel to the fire of hatred towards bankers and billionaires... This is frivolous.... whatevs, should be fun to watch

This rezoning is going to skyrocket the amount of potential super talls.

Although you'd think they would just stack it atop of the existing tower.

This is fantastic but it has to be the first case of such a solid quality albeit banal modernist box of this height to be taken down anywhere ever. Crazy

^I think its entirely possible that is what they are doing, and the author of the article just misunderstood/his source was misinformed.

If I recall correctly, when the news first broke about 425 Park Avenue, and even in later articles, that was also referred to as a demolition.

This is definitely not the first development under the Midtown Rast rexoning I expected!

The current 1961 Skidmore, Owings & Merrill tower is handsome enough as is. If the new tower were to be 1,500+ I wouldn’t be surprised, however to tear down a 700 fitter to add just 18 floors is kind of crazy?

Let’s hope the design is A+

Yeah I'm hoping its just an error or misinterpretation because just from a cost perspective it would skyrocket the costs. The building itself does its function well. If anything, a conversion to more suitable Class-A space, stacking atop, and renovation/fixing up legacy components would seem suitable. Maybe even a recladd. It could be done.

Unless its cheaper to just demo it and start fresh? IDK what the cost would be for a conversion, but damn, it'll really add to the hard costs starting fresh.

Plus, I wonder what would happen to those existing employees. A renovation/addition seems more likely, because where would they relocate 6000 employees anyways.

This is gonna totally short dick Bear Stearns next door. Strategy?:haha:

Although you'd think they would just stack it atop of the existing tower.
^I think its entirely possible that is what they are doing, and the author of the article just misunderstood/his source was misinformed.

If I recall correctly, when the news first broke about 425 Park Avenue, and even in later articles, that was also referred to as a demolition.



It could be but it's probably easier to have a complete tear down and go with something entirely new then to do what they did at 425 Park. At 425 Park , they tore it down to it's bones and started from there.. limiting it's options going forward in design and build.

The Singer building(612FT) held the title of tallest buildings ever voluntarily torn down.. 277 Park will be come the title holder very soon!

Within a decade or so.. Midtown East is gonna rival any business district in the world with supertalls! Gonna be fun to watch it transform starting with 1 Vanderbilt and 277 Park. BTW- 277 Park at 1200FT not enough for me.. hoping it reaches closer to 1400-1500Ft!!

I would not expect this to be a full tear down. The time frame given is five years, assuming that's correct, this will be some sort of 425 Park Ave situation, where it's a partial demo.

Sort of sad, this is one of the best international style buildings in the city. Somewhat related, the building diagonally across the street is for sale and is from a similar era I expect that to get redveloped soon as well.

I like the current black modernist building. Hopefully they are adding to the existing building rather than tearing it all down.

Worth noting that the building includes a ten-story midrise annex along Madison Avenue that could be torn down, and the existing tower is a pretty flexible Modernist box.

Lots of possibilities to add onto the existing building or reconfigure it (not just stacking more floors on top) to add a ton of SF.

700 foot demolition is not an everyday event. Super cool from a logistics and planning
perspective.

Another day, another super tall for the

Greatest City in the World!!!!

I bet they do this. Demo the Madison Ave annex, add a huge amount of s/f there, and then do some sort of 425 Park Ave reconfiguration/renovation of the Park Ave side.

It's the only way the five year time table makes sense.

You can't even take a break around here without another supertall tower being planned.


This is geat news, and great planning by the city. Hudson Yards is filling up faster than anticipated, and there are only a handful of developers there to work with. The City could have stood by and watched east Midtown age to irrelevance, but it didn't. And now, not only is it renewing itself, the public will get improvements in the process.

New 70-story JPMorgan Chase tower will be the first project under Midtown East rezoning...

http://imgs.6sqft.com/wp-content/upl.../270pa-355.jpg

A model of what the future 270 Park Ave building might look like via CityRealty

http://www.6sqft.com/new-70-story-jp...east-rezoning/

Way to start off the rezoning with a bang. This is definitely good publicity for DeBlasio.

Not happy.

This is the first of two 600'+ International style towers (277 Park-1962) in MidTown, and as such should be respected.

Keep it and do a ground-up job onthe annex.

How big is the annex ft^2 wise?

Seems like the criticism is starting already. That was quick!

= = = = = =

City’s plan to demolish & replace SOM-designed 270 Park Avenue sparks criticism
===========================
https://ny.curbed.com/2018/2/21/1703...c-architecture

So landmark it yesterday and do what you have to to the interior.

Gut and retrofit the whole damn thing if need be.

Knock down the annex, build to 270P's full height (with exterior intact) and cantilever the newer structure above it.

(Someone must've telepathically received the essence of my earlier post.)

I don't care if it's the first of anything, it looks the same as any other 60s era building. A glass/steel box. Tear that box down and let's get something more creative or classy going.

I don't see the outrage either. Of course, there would be people who complain regardless. But people also would have complained about this:

https://mobile.nytimes.com/2018/02/2...ww.google.com/


This is a better deal for the city...

I bet its a full demolition, start from scratch.

It's vastly more expensive and complex to try and build within the existing structure. 425 Park only went that route because they had no other choice.

Of course these assholes want to landmark some shitty, cheap box.

https://www.usatoday.com/story/money...nyc/358343002/


https://www.bloomberg.com/news/artic...15-000-workers

The House That Dimon Built: JPMorgan Plans Soaring HQ in Midtown

February 21, 2018

Okay....

Then go sic the demo team on 277 and 245, too. I mean it.

...And FTR, not because I'm what one might call a nut-swinging fan-boy of the type of classic skyscraper architecture that seems to be finding itself increasingly unwelcome in this City, pending the fate of the first 600'+ example of it in MidTown (Isn't that worth landmarking?).

It would and will be a sad day--for me; that's a cinch--if they raze this one...Or worse, all three. If is what Mayor DeBlinkero blithely gives the name "progress", I want 1095 Sixth flayed of its woefully stultified tacky-turqioise skin and re-clad as it was...with the Bell Atlantic logo on the sumbitch.

They'd better seriously think about this. Sure, certain painful compromises have to be made oftentimes in ensuring a growing metropolis't transition to modernity; but let us for now at least consider what's on the table here: A full demo on a 707' structure. Surely no one here considers this a quick job. Also, let's let sink in the fact that this would be the tallest controlled demo of a skyscraper in NY since the Singer...612' and a year to do it.

I haven't beem this pissed about adding to MidTown since they mulled over the deservedly ill-fated exterior overhaul to 1 Astor Plaza @1515 Broadway back in '07.

"To what?", you ask?

Yep. You guessed it.

A fizzecking box. Oh...but a LEED Platinum box (!) furnished with all the latest amenities (!!) for today's Internet-driven business tenants blah blah blah and their clientelle!(!!!)......:no:

I'm hoping fervently that the Times isn't reporting this as a fait accompli.

If the footprint of the future building is not yet known, that definitely points to a full tear down of the current building.

I say bring it on!!

No offense really but that's a pretty specific and arbitrary qualification for claiming this building has special historical value.

Personally, I dig it. It'll definitely make the view down Park Avenue more impressive than it already is. Plus this could play nicely with 1 Vanderbilt.

I'm not happy about this, 270 and 277 are a couple of my favorites on that stretch of Park Avenue- they look like a pair of pinstriped bookends, or perhaps mates. As for 245 Park, a modern reclad could do that one some good- a modern update on what's there- perhaps bronze/copper tinted glass to replace the brown brick, and some modern terra cotta, like they're using on Steinway tower up on 57th street.

As for 277, I've read articles recently suggesting that they're doing maintenance and renovations aimed at keeping it going a good while longer. It's a beautifully maintained building.
As for 1095, if I'd had my druthers, I might have given it a blend of what it had before, and what it has now- replace those white marble pinstripes with glass similar to what was used for the reclad of First Canadian Place, and swap out that that old black glass for the green. It would still have its cool pinstripe/piano keys pattern, but with a nice modern update.

You should make a sign and go stand in front of those buildings and call for it then.

Meanwhile, there is a very specific a serious proposal to take this one down and replace it with a larger and modern office tower that can accommodate the bank's needs under one roof. And it will be in an area of Midtown that the city is desperately trying to hold as the number one business district in the city, even as it provides room for expansion elsewhere. With all of the improvements already coming to the area, thanks to One Vanderbilt (which is really the first tower to move forward under rezoning, just a technicality) and the Eastside Access of the LIRR make this the logical place to add density. I don't hate this building, but I think the improvements (in both the new building, and area) outweigh just trying to hold on to a building just because it's old. And it Chase had decided to refurbish the building again, it would likely get a new facade like some of the other buildings are doing now anyway, so it wouldn't even look like the same building, losing the point of trying to keep it.

They say this would kick off next year, so that means the approval process (a formality) would have to kick off this year to get things in place. I'm looking forward to learning and hearing more about this proposal as it moves forward.

In the meantime, some Google Earth images...



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https://www.businesswire.com/news/ho...n-NYC-Mayor-de

JPMorgan Chase CEO Dimon and NYC Mayor de Blasio Announce New, State-of-the-Art JPMorgan Chase Headquarters to Rise at 270 Park Ave

Company Will Collaborate Closely with Other Key Government Officials, Including New York City Council and Governor’s Office, to Quickly Move Process Forward

February 21, 2018





https://nypost.com/2018/02/21/jpmorg...ry-skyscraper/

The first of many to come in Midtown East!

This will fit right in.

Agree. Ya'll make sure to take some pics.

I think it will also go a lot faster than most would think. I can imagine a steel and glass structure going exponentially faster than a concrete structure or even a steel building with a masonry facade. Once a rhythm is achieved with rigging and removal, it wouldn't surprise me if this thing is down to the foundation in 4-6 months. Which is another thing I've wondered about: I would assume they are intending to reuse the foundations, it would surprise me if they did not.

^ That's true. And the city and state are looking to move this along quickly. Also, this isn't like a developer looking for a tenant before trying to get financing, etc.

About the foundations, It will likely be something new.

I'm hoping it has a crown of sorts. If it's just a box, I prefer it at least won't top 1 Vanderbilt's crown.

By Point:

Maybe I should...or for all that's worth, maybe I should just watch holographic flying Rocky Mountain spotted osyters sprout forth fom my nostrils.....:D


I suggested this earlier; but is it possible...even instead of doing a grander-scale 425 Park job on the existing tower as was previously suggested...to build around it, i.e using the square footage from the annex, building to 700' at the existing tower--which itself would become the new annex--and actually cantilevering the remaining 500' or whatever over it?


No denying from me that it's a hard, yet necessary compromise for a hardliner like me. I mean the Three Sisters of Park Avenue were for me as a kid what the Three Musketeers (Times, Conde Nast and BofA) are for many today...and rightly so. But I guess if one wants to make an omelette...

Ah...Old from a standpoint of practicality for today's technological and business models; Tha's for sure. But it's status as the first true skyscraper of its type in MidTown cannot be overlooked.
And this is the saddest part of the story for me: We're looking, for all intents and purposes, at a modern-day version of the Singer Building swan-song. The only difference here is that this potential dismantling is being prompted by real-world circumstances that indeed need to be addressed.


A. Could they have recladded with newer materials yet keeping the feel of the original design? B. It bears repeating; but I am reminded of the disastruous plans to re-purpose One Astor Plaza...I dunno: apples and oranges maybe. :shrug:

You can bet I'll be on this like something on a stick.........

^ There are no points to be made.


https://therealdeal.com/2018/02/22/t...avenue-report/

Tishman Speyer top candidate to develop 270 Park Avenue: report
No deal yet, but the prolific developer is considered overwhelming favorite

February 22, 2018





https://www.bloomberg.com/news/artic...alive-and-well

JPMorgan Plan for Soaring Tower Signals Midtown’s Alive and Well


https://assets.bwbx.io/images/users/.../v0/740x-1.jpg


By David M Levitt
February 22, 2018



This is a point that keeps getting lost...

Hmm...

From the looks of it in that pic, it has seen better days. :(
But life goes on within us/without us........

@Guy; This very well could be the spire-topped dominant tower you're looking for. Build something at 1,200' even and add something as tall as the WTC1 spire (408') and voila.
I'm cautiously assuming no height limit in the immediate area.

BTW, YIMBY is reporting that as a controlled demo, it will be the largest such undertaking ever:

From today:

https://newyorkyimby.com/2018/02/270...d-history.html

Just occurred to me, where is JP Morgan going to put its 6000 employees that currently occupy 270 Park while the demo/new construction is going on?

The plan for finding a space for 5 years and moving all those employees there, and back to the new 270 Park again would be quite the logistical nightmare I would think

I love that Simcity 4 model. I found the artist's website where he posted it yesterday while searching for news about this.

I posed same question earlier too. I know JP scatters its employees, Brooklyn being one point, but 6000 is quite a lot. There's also 28 Liberty, but I'd imagine the occupancy on that tower is quite full.

But all in all, given the amount of folks working there, seems like they want this to happen and will go full speed. 5 years is a long time in real estate ( a lot can happen ), but so long as the time table is consistent, no complaints from me.