Final steel beam raised at JPMorgan Chase’s new global HQ at 270 Park Avenue


New York Construction Report staff writer

The final steel beam was raised this week at JPMorgan Chase’s new global headquarters on Park Avenue, completing the building’s frame.

The building’s steel frame was erected over the last three years by more than 300 Local 40 iron workers as well as hundreds of engineers, crane operators and construction workers using more than 93,600 tons of US-made steel fabricated by Banker Steel Company. The structural steel used is 93 percent recycled and 100 percent recyclable, making it a prudent construction material choice.

The construction project is managed by AECOM Tishman with New York City Constructors overseeing the frame’s installation and Severud Associates serving as the structural engineer.

“The topping out of 270 Park Ave. represents a milestone of yet another key development project that not only created thousands of family-sustaining union careers for hardworking New Yorkers, but also acted as a sparkplug for our economy,” said Gary LaBarbera, President of Building and Construction Trades Council of Greater New York. “We congratulate both JPMorgan Chase on this milestone and our dedicated and skilled tradesmen and tradeswomen who masterfully and efficiently got us here today.

“The success of this development shows the value of continuing to encourage investment in New York City and green light projects that pave accessible pathways to the middle class and create critical economic stimulus that benefits all New Yorkers.”

Designed by Foster + Partners, the 60-story skyscraper will be New York City’s largest all-electric tower with net zero operational emissions and exceptional indoor air quality that exceeds the highest standards in sustainability, health and wellness. It will help define the modern workplace with 21st century infrastructure, smart technology and 2.5 million square feet of flexible and collaborative space that can easily adapt to the future of work.

The building will offer 2.5 times more outdoor space on the ground level of Park and Madison Avenues, featuring wider sidewalks and a large public plaza on Madison Avenue with natural green space and other amenities geared towards the residents, workers and visitors who frequent the neighborhood on a daily basis.

“To see the final beam being set in its place today is a symbolic moment, when you truly appreciate the scale of the project and JPMorgan Chase’s ambition,” said Norman Foster, Founder and Executive Chairman of Foster + Partners. “It has been incredible to be a part of the team – working in lockstep with engineers, fabricators, other contractors and the construction workers – all working tirelessly to bring our collective vision to life.”

Click here for more details on the building’s design and features.


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