270 Park Avenue, JP Morgan Chase Building: 52-story Class A office tower in Midtown Manhattan.
270 Park Avenue, JP Morgan Chase Building: 52-story Class A office tower in Midtown Manhattan.
Address 270 Park Avenue Class A
Cross Streets 47th & 48th Streets Size 1,496,790 SF
Year built 1959 Architect Skidmore, Owings And Merrill

Description

The 52-story office tower at 270 Park Avenue in Midtown Manhattan was previously known as the Union Carbide Building upon its completion in 1961, and today it houses the headquarters of JPMorgan Chase. The Plaza District office building was designed by SOM’s Natalie de Blois, and held a 50-year record for being the tallest building designed by a female architect. The 1.5 million-square-foot tower was built right on top of the train tracks that lead to Grand Central Terminal, thus offering easy access to all parts of New York City.

In 2019, JPMorgan Chase’s plan to demolish the existing building and replace it with a taller, more modern office tower, was approved. Demolition is set to start this year and the new tower is scheduled for completion in 2024.

LEED Platinum, Class A Midtown Manhattan Office Space

The existing 52-story building that JPMorgan calls home consists of 1.5 million square feet of Class A Midtown Manhattan office space. The skyscraper underwent an expansive renovation effort in 2012 to make it more energy efficient, and has earned LEED Platinum certification from the USGBC.

The office space at 270 Park Avenue has become insufficient for JPMorgan Chase, which currently fits 6,000 employees in a space that was designed to fit 3,500. Following the approval of the Midtown East rezoning plan, which allows for taller buildings to be developed in the area, JPMorgan plans to demolish the existing tower at 270 Park Avenue and built a 70-story, 2.4 million-square-foot replacement that would fit 15,000 employees. Tishman Construction will manage the project, while the design of the new tower will be handled by Foster + Partners. 270 Park Avenue will be the tallest voluntarily demolished building in the world.

Getting to and from 270 Park Avenue

JPMorgan’s office tower at 270 Park Avenue benefits from an ideal location close to Grand Central Terminal, offering workers and visitors in the building easy access to several subway lines, including the 4, 5, 6, and 7 trains. Employees also have access to Metro North and Amtrak lines out of Manhattan.

 

Available Spaces

Interested in office space at 270 Park Avenue, JP Morgan Chase office space for lease? Contact us today

Listing Location & Nearby Public Transportation

Nearby Transportation

Subway

42nd Street–Grand Central - 8 minutes Walk
53rd Street–Lexington Avenue - 8 minutes Walk
Grand Central - 8 minutes Walk
51st Street (6) - 6 minutes Walk
53rd Street–5th Avenue - 7 minutes Walk

Bus

East 50th Street/3rd Avenue - 7 minutes Walk
East 50th Street/Lexington Avenue - 4 minutes Walk
East 50th Street/Madison Avenue - 3 minutes Walk
East 50th Street/5th Avenue - 6 minutes Walk
East 49th Street/5th Avenue - 6 minutes Walk
East 49th Street/Madison Avenue - 3 minutes Walk
East 49th Street/Lexington Avenue - 3 minutes Walk
East 49th Street/3rd Avenue - 5 minutes Walk
East 49th Street/2nd Avenue - 9 minutes Walk
Madison Avenue & East 48th Street - 3 minutes Walk
East 42nd Street & Park Avenue - 8 minutes Walk
5th Avenue & West 44th Street - 8 minutes Walk
3rd Avenue & East 47th Street - 5 minutes Walk

Important information

This listing is presented for illustrative purposes only, it may no longer be available, and is provided merely as an exemplary representation of the types of spaces in a given neighborhood for a given price