02.21.18 - Following East Midtown rezoning, JPMorgan commits to new headquarters
"City Hall announced JPMorgan Chase plans to build a 2.5-million-square-foot headquarters at 270 Park Ave., pending further approval from the City Council and state officials."
"To complete the transaction, the company will buy unused development rights, also known as air rights, from landmarked properties in the surrounding area. The money would pay for upgrades to public spaces in the neighborhood."
"Mayor Bill de Blasio and Gov. Andrew Cuomo applauded the news. JPMorgan has called New York home since 1799."