Overview
270 Park Avenue, New York, NY 10172, stands as JPMorgan Chase’s new global headquarters—an iconic 1,388-foot, 60-story tower designed by Foster + Partners. Slated for completion in 2025, it will be the largest all-electric skyscraper in New York City, reaching net zero operational emissions and replacing the former Union Carbide Building with 2.5 million square feet of adaptive, future-ready workspace for up to 10,000 employees.
Located within the heart of Midtown Manhattan and framed by Park Avenue, Madison Avenue, 47th and 48th Streets, the development serves as a catalyst for the Midtown East Rezoning initiative. The project delivers significant urban enhancements including a landscaped Madison Avenue plaza, widened sidewalks, and integrated upgrades to regional transit infrastructure in collaboration with the Metropolitan Transportation Authority.
Sustainability
270 Park Avenue exemplifies JPMorgan Chase’s commitment to sustainable leadership. Powered entirely by renewable hydroelectric energy sourced from New York State, the tower operates with net zero emissions. Cutting-edge environmental systems—such as AI-integrated HVAC, solar-responsive shading, and triple-glazed façades—optimize energy performance. Water efficiency measures reduce consumption by over 40% through onsite reuse and advanced retention strategies.
Demolition of the prior structure achieved a 97% material recycling or reuse rate, significantly exceeding sustainability benchmarks. The tower targets LEED Platinum, WELL Platinum, and Fitwel 2-Star certifications, underscoring its role as a best-in-class model for high-performance, health-focused, and resilient workplace environments.
Economic Impact
As a cornerstone of New York’s economic landscape, JPMorgan Chase advances its longstanding civic and financial legacy with the development of 270 Park Avenue. The construction effort alone drives 8,000 union jobs across more than 40 local labor organizations, delivering an estimated $2.6 billion in city-level and $3.6 billion in state-level economic impact.
According to independent analysis by Deloitte, JPMorgan Chase contributes $29.8 billion in annual economic activity within New York City—supporting 40,000 additional jobs—and $39.8 billion statewide, enabling 61,000 roles. The project also expands opportunity through inclusive procurement, with 20% of contracts awarded to Minority and Women-Owned Business Enterprises.
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