270 Park Avenue in New York City (NYC), US, is the new global headquarters of investment bank JPMorgan Chase.
With a height of 1,388ft (423m), the building is the city鈥檚 largest all-electric skyscraper with net-zero operational emissions, operating entirely on renewable energy sourced from a New York State hydroelectric plant.
Recommended Buyers Guides
The building was built at the site of the erstwhile Union Carbide Building, the demolition of which began in 2019. The final steel beam of the new building was raised in November 2023, completing the skyscraper鈥檚 steel frame after a three鈥憏ear erection period.
JPMorgan Chase officially opened 270 Park Avenue in October 2025. The bank invested around $4bn to build the project.
The construction phase of the project generated more than 8,000 jobs across 40 local unions.
Location of 270 Park Avenue
Set amid the iconic Manhattan skyline, 270 Park Avenue is a flagship development under the Midtown East rezoning plan, initiated in 2017 to promote contemporary office space and improve public areas and transport facilities in the district.
The 52-storey, 707ft (215m) tall Union Carbide Building, which it replaced, was built in the late 1950s. The Union Carbide Building was originally designed for 3,500 employees.
270 Park Avenue design and structure details
JPMorgan Chase鈥檚 new 60-storey headquarters spans 2.5 square million feet (232,257m虏) of flexible and collaborative space, designed to be easily adaptable. This includes 285,000ft虏 (26477.37m虏) of dedicated client entertainment space, enabled by smart technology and advanced infrastructure.
Overall, the building can accommodate up to 10,000 employees and thousands of daily guests.
The structure showcases a tiered design with five levels and a distinctive fan-shaped column structure at its base and triangular bracing. The innovative structural system allows for a minimal footprint at street level. The building鈥檚 elevation, approximately 80ft above the ground, opens up sightlines from Park Avenue to Madison Avenue.
The unitised curtain wall system in the building鈥檚 facade utilises full-height triple-glazed insulating glass units with a custom high-performance coating.
The building offers 50% more communal space and 25% more volume per person, providing a variety of workspaces. The flexible, column-free floor plates facilitate easy reconfiguration of layouts and designs, including connections between floors.
The tower design provides 2.5 times more outdoor space at ground level, including wider sidewalks and a large public plaza on Madison Avenue with green areas and other amenities. The building adheres to healthy building principles, setting a benchmark for employee wellness and hospitality.
270 Park Avenue features
The new global headquarters building features a welcoming lobby, eight expansive trading floors and a client centre at the top. A three-storey space called Exchange, located above the trading floors, serves as a social hub for the building.
It includes a state-of-the-art health and wellness centre with fitness areas, yoga/cycling rooms, physical therapy, medical services, modern mothers鈥� rooms and prayer and meditation spaces.
In addition, the tower features a curated art collection, a large and modern food hall with diverse, healthy options, and a fully touchless experience using 50,000 connected devices, making it the most data-driven high-rise in NYC.
The building also incorporates a split elevator core and shuttle elevators to improve connectivity and flexibility, and column-free floor plates to enable adaptable layouts.
Sustainability features of 270 Park Avenue
270 Park Avenue is designed to achieve sustainability certifications: LEED Version 4 Platinum and WELL Health Safety Certification.
The building utilises advanced technology and systems for efficient operations. Intelligent building technology, incorporating sensors,聽AI and machine learning, optimises energy use.
Water conservation is a key feature, with systems in place to cut water consumption by more than 40%.
Outdoor terraces incorporate green spaces to enhance the environmental quality, and the use of advanced heating, ventilation, and air-conditioning (HVAC) filtration systems ensures the continuous purification of both outdoor and recirculated air. Automatic solar shades are linked to the HVAC systems to improve energy efficiency.
The building design incorporates biophilic elements, bringing nature indoors with the use of natural plants and healthier materials. The building also offers 30% more daylight than typical office buildings and employs circadian lighting to support a healthier indoor environment.
In line with its commitment to sustainability, 97% of the materials were recycled, reused or upcycled from the demolition, surpassing the 75% target set by leading green building standards.
Contractors involved
The project team for 270 Park Avenue consists of developer Tishman Speyer and architects Foster + Partners.
Vishaan Chakrabarti, architect and founder of Practice for Architecture and Urbanism, served as the project鈥檚 overall design advisor.
Severud Associates Consulting Engineers is the structural engineer, and AECOM Tishman is the general contractor for the project.
Steel fabricator Banker Steel and steel erecting company NYC Constructors fabricated 93,600t of structural steel for the project. The structural steel contains 93% recycled content and is fully recyclable.
ESAB, a welding company, in collaboration with NYC Constructors, provided welding filler metals and welding and cutting equipment. Air-conditioning contractor JDP Mechanical handled all heating and cooling systems for the building.
Robert Bird Group, an engineering consultant, offered construction engineering and virtual design and construction consulting services for the project.
Heintges Consulting Architects & Engineers provided building envelope consulting, roofing and waterproofing consulting services, NYC special inspections, and building enclosure commissioning services.
The Pace Companies, a provider of mechanical, electrical, plumbing and fire protection services, supplied more than 20 interior water tanks, a rain harvest system, and a dozen packaged pump skids.
Adamson Associates Architects served as the architect of record and executive architect while Jaros, Baum & Bolles (JB&B) provided mechanical and building services engineering.
Interior spaces were designed by Gensler, Skidmore, Owings & Merrill (SOM), and STUDIOS. JRM Construction Management, Structure Tone Building Group, and McKissack, Turner & Vales handled the interior fit-out.
The new facade at 270 Park Avenue was manufactured by New Hudson Facades.