Banking giant JPMorgan Chase has chosen Foster + Partners to replace its 215m-high headquarters in New York with a skyscraper 150m taller
The project will spell the end for the bank’s existing 52-storey home at 270 Park Avenue, designed by Gordon Bunshaft and Natalie de Blois for Skidmore, Owings & Merrill and completed in 1961.
Taking its place will be a 70-storey tower able to house almost 9,000 more staff than the 6,000 employees currently based in the Miesian-style block which was originally built for chemical company Union Carbide.
JPMorgan Chase announced it was looking to start from scratch on the plot just south of Central Park back in February,
Hero investor relations
Speaking at the time, the financial service behemoth’s chief executive Jamie Dimon said: ’With a new headquarters at 270 Park Avenue, we are recommitting ourselves to New York City while ensuring we operate in a highly efficient and world-class environment for the 21st century.’
The building was only recently refurbished, obtaining a Platinum LEED status following a huge renovation in 2012.
It will be Foster + Partners’ second major skyscraper on the famous street. The UK’s largest architecture practice, which last month won the RIBA Stirling Prize with its new European HQ for Bloomberg in London, is already working on a 260m-tall tower at 425 Park Avenue. That project is expect to complete next year.
JPMorgan said it wanted to start construction on its tower in 2019, subject to planning approval. A provisional completion date of 2024 has been set though concept design have yet to be released.
Shame on @jpmorgan shame on Foster shame on the Landmarks Preservation Commission. This recently entirely upgraded modern masterpiece should be kept and celebrated... what a spectacular act of self-harm this is going to be New York https://t.co/IFJDDkanEp pic.twitter.com/WaLLaP3jNS— AdamNathanielFurman (@Furmadamadam) November 2, 2018