The lot is part of Terminal City, the area that developed rapidly after the 1913 completion of the largely underground Grand Central Terminal. The lot measures about 80,000 square feet (7,400 m 2) with a frontage of 200 feet (61 m) on each avenue and 400 feet (120 m) on each street. Located in New York City's Midtown Manhattan neighborhood, 270 Park Avenue will occupy the entire city block bounded by Madison Avenue to the west, 48th Street to the north, Park Avenue to the east, and 47th Street to the south. The old structure was the headquarters of JPMorgan Chase, which is using 383 Madison Avenue until it can move into the new building. The tower replaces the 52-story Union Carbide Building, built in 1960 and demolished in 2021. Designed by the firm of Foster + Partners, the tower is expected to rise 1,388 feet (423 m) when it is completed in 2025. Artist's impression of the planned JPMorgan Chase Building at 270 Park AvenueĢ70 Park Avenue, New York, NY 10017, U.S.Ĥ0☄5′21″N 73★8′31″W / 40.7558°N 73.9754°W / 40.7558 -73.9754Ģ70 Park Avenue, also known as the JPMorgan Chase Building, is a skyscraper under construction in the Midtown Manhattan neighborhood of New York City.
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