Posted Jul 30, 2020, 12:23 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,838
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One Vanderbilt was an example of excellent planning and execution. And it come in under budget. I expect 270 to rise pretty steadily once we get beyond demo. There will be a lot of work in the area, as demo of other sites in the area get underway.
https://www.jpmorganchase.com/corpor...0-park-ave.htm
Quote:
JPMorgan Chase CEO Dimon and NYC Mayor de Blasio Announce New, State-of-the-Art JPMorgan Chase Headquarters to Rise at 270 Park Ave
Company Will Be First to Develop a Major Project under the City’s Innovative Midtown East Rezoning
February 21, 2018
“At JPMorgan Chase, we believe that investing for the long-term is a hallmark of our success,” said Jamie Dimon, Chairman and Chief Executive Officer of the company. “With a new headquarters at 270 Park Avenue, we are recommitting ourselves to New York City while also ensuring that we operate in a highly efficient and world-class environment for the 21st century. We look forward to working constructively and collaboratively with Mayor Bill de Blasio, Governor Andrew Cuomo, Deputy Mayor Alicia Glen, the New York City Council, and other key City and State officials on this important project,” Dimon added.
“This is our plan for East Midtown in action. Good jobs, modern buildings and concrete improvements that will make East Midtown stronger for the hundreds of thousands of New Yorkers who work here. We look forward to working with JPMorgan Chase as it doubles-down on New York as its international home,” said Mayor Bill de Blasio.
New York State Governor Andrew Cuomo said: “New York State is the business capital of the globe, and our investments in workforce development and commercial enterprise have positioned us at the forefront of innovation and growth. JPMorgan Chase’s commitment to build their new, state-of-the-art corporate headquarters and support thousands of jobs here in New York is proof that our economic development strategies are successful, and I look forward to working with them to keep New York State’s momentum moving forward.”
With the new, modern facility, which is expected to create over 8,000 construction-related jobs during the building period, JPMorgan Chase would consolidate its global headquarters from a variety of locations into a fully LEED-certified, energy-efficient office tower in Midtown Manhattan. The headquarters project would build on the firm’s strong legacy of investment in local communities and the City of New York, its home since 1799.
The building’s modernized infrastructure and design, including 21st century systems and technology, would allow for improved business adjacencies, synergies and collaboration. Clients, shareholders and the surrounding community would benefit from this innovative project, which would also support the firm’s commitment to attracting and retaining best-in-class talent. The new building would house about 15,000 employees, replacing an outdated facility designed in the late 1950s for about 3,500 employees.
Once the project’s approvals are granted, redevelopment and construction are expected to begin in 2019 and take approximately five years to complete. Most employees currently located at 270 Park Avenue would be relocated nearby during the development period.
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