JPMorgan is preparing to demolish its Midtown skyscraper at 270 Park Ave. The banking giant filed an application for demolition permits earlier this month, according to a report by 6sqft.
The permit application was filed on Jan. 15 with the city’s Department of Buildings. It is a preliminary step toward the construction of the bank’s new headquarters.
If the demolition of the Union Carbide building is completed, it will be the tallest building in the world to be purposely razed. At the site, JP Morgan will build a 70-story, 2.5 million-sq.-ft. spire that could accommodate 15,000 employees.
The bank expects to complete the demolition sometime in the fourth quarter of 2020.
