UK architect Foster + Partners has unveiled its design for a 423m, 60-storey “all-electric” skyscraper for American investment bank JPMorgan Chase at 270 Park Avenue in Manhattan.
The building, which will be bank’s global headquarters, will be able to accommodate 14,000 employees. It will replace a 1950s building that is able to hold only 3,500. It will also have 2.5 times more outdoor space.
The development uses a fan-column structure and triangular bracing that raises it 24m off the ground and allows for views from the Park Avenue entrance through to Madison Avenue.
The skyscraper will have net zero operational emissions and will be fully powered by energy sourced from a New York State hydroelectric plant.
Norman Foster, Foster + Partners’ founder, said: “270 Park Avenue is set to be a landmark that responds to its historic location as well as the legacy of JPMorgan Chase in New York. The unique design rises to the challenge of respecting the rhythm and distinctive streetscape of Park Avenue, while accommodating the vital transport infrastructure of the city below.”
Jamie Dimon, JPMorgan Chase’s chief executive, said: “With our new headquarters, JPMorgan Chase is making a long-term investment in our business and New York City’s future while ensuring that we operate in a highly efficient and world-class environment for the 21st century.
“We are extremely excited about the building’s state-of-the-art technology, health and wellness amenities, and public spaces, among many other features. It is in the best location in one of the world’s greatest cities.”