4.14.22 - JP Morgan Chase unveils its new Park Avenue headquarters tower
'The coy colossus of Park Avenue — also known as JP Morgan Chase’s new headquarters tower — has finally come out of hiding.
The financial giant on Thursday unveiled the long-secret design of its new, 1,388-feet-tall cloudbuster, which it kept under wraps even after construction started two years ago.
The slowly-rising giant at 270 Park Avenue at East 49th Street, designed by Foster + Partners, boasts a series of classically-inspired setbacks on the Park and Madison sides, with each setback ornamented by a monumental steel diamond.
It will stand 500 feet taller than the bank’s old building and have room for 14,000 employees, compared with 3,500 at the original.
The full-block skyscraper will also have 2.5 times more ground-level public outdoor space than its predecessor.
Monumental triangular braces, now visible at the site, will lift the actual building 80 feet off the ground, creating a view corridor from the Park Avenue entrance through to Madison Avenue.
Completion is due by the end of 2025. '
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