100% Renewable Energy
Powered entirely by hydroelectric energy from New York State, achieving net zero operational emissions and setting a new standard for commercial buildings.
Overview
A landmark achievement in modern architecture and urban development
A $3–4 Billion Corporate Asset
270 Park Avenue stands as JPMorgan Chase's new global headquarters — a 60-story, 1,388-foot tower completed October 21, 2025. Designed by Foster + Partners with Severud Associates as structural engineer and AECOM Tishman as construction manager, the 2.5 million square foot facility represents the largest all-electric, net-zero-operational-emissions commercial building in North America.
The development occupies a full-block site at Block 1283, Lot 21 in Manhattan's Midtown East subdistrict. JPMorgan Chase acquired 666,766 square feet of development rights from Grand Central Terminal for $208 million (NYC Department of Finance filings). The project delivered under the 2017 Greater East Midtown Rezoning framework—the first major supertall utilizing these FAR mechanisms.
- $208M development rights from Grand Central Terminal
- $50M contribution to Grand Central Train Shed reconstruction
- 10,000 sq ft publicly accessible open space (Madison Ave)
- Direct underground connection to Grand Central Terminal
Sustainability
Setting new standards for sustainable building design and operation
A Model for the Future
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 — including AI-integrated HVAC, solar-responsive shading, and triple-glazed façades — optimize energy performance throughout the year.
Demolition of the prior structure achieved a 97% material recycling or reuse rate, significantly exceeding industry 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 workplace environments.
40%+ Water Reduction
Advanced water systems with onsite reuse and sophisticated retention strategies significantly reduce consumption compared to conventional buildings.
97% Material Recycled
Demolition of the former Union Carbide Building achieved exceptional recycling and reuse rates, far exceeding industry sustainability standards.
Dining & Amenities
20+ culinary concepts, premium brand partners, and world-class wellness
World-Class Hospitality
The Exchange spans Floors 13–16 and serves as the social and culinary heart of 270 Park Avenue. With 20+ distinct dining concepts, the program features premium brand partners including Sweetgreen, Starbucks, Daily Provisions (Union Square Hospitality Group), and Michelin-starred Chef Amanda Cohen's Dirt Candy.
Morgan's, the flagship full-service restaurant, has earned "Jamie Approved" recognition from the Wall Street Journal. The wellness program includes fitness facilities, a Registered Dietitian, and advisory partnerships with Joseph Allen and Deepak Chopra.
- Morgan's — Jamie Approved per Wall Street Journal
- Sweetgreen, Starbucks, Daily Provisions (Danny Meyer)
- Dirt Candy — Michelin-starred vegetarian cuisine
- The Shop — JPMC retail, Candy Wall, premium snacks
Menu items and ratings supplied by users via TikTok and social media. Information may be outdated or inaccurate. Contact us with corrections.
Explore All Amenities
20+
Dining Concepts
4
Brand Partners
4
Floors
5.0★
Morgan's Rating
Economic Impact
Verified financial metrics from JPMorgan Chase disclosures and independent analysis
$3–4 Billion Development
The 270 Park Avenue headquarters represents a total project cost between $3 billion and $4 billion, as cited by major construction publications and JPMorgan Chase's CEO. This includes approximately $160 million for demolition of the prior structure, $208 million paid for 666,766 square feet of development rights acquired from Grand Central Terminal's ownership entities (per NYC Department of Finance filings), and a $41.67 million contribution to NYC's Public Realm Improvement Fund.
JPMorgan Chase committed $50 million to the Grand Central Train Shed reconstruction (MTA Sector 2 partnership). Construction generated 8,000 jobs across 40+ union trades, with estimated construction-phase economic output of $2.6 billion for New York City and $3.6 billion statewide. The implied unit cost of $1,200–$1,626 per square foot reflects the extreme complexity of building over active rail infrastructure.
| Category | Amount (USD) | Recipient / Purpose | Source |
|---|---|---|---|
| Total Project Investment | $3–4 Billion | Building Development | CEO Statements |
| Development Rights | $208,000,000 | Grand Central Terminal | NYC DoF Filing |
| Train Shed Contribution | $50,000,000 | MTA Sector 2 | MTA Agreement |
| Public Realm Fund | $41,670,000 | NYC PRIF | Rezoning Requirement |
| Demolition | $160,000,000 | Site Preparation | Industry Reports |
$12.4–$17.5 Billion Building Contribution
Independent analysis commissioned by JPMorgan Chase (Deloitte) reports $29.8 billion in annual NYC economic activity firm-wide, supporting 40,000 additional jobs. A separate Vista Site Selection study cited $42 billion annually with equivalent job support. The 270 Park Avenue headquarters houses 10,000 of JPMorgan Chase's 24,000 NYC employees (41.7% of local workforce), with capacity for 14,000.
Applying proportional allocation by workforce yields an estimated annual economic contribution of $12.4–$17.5 billion and approximately 16,700 additional jobs supported by operations at this single facility. This methodology treats the building's share of firm-wide impact as linear with employee count—a conservative baseline given the concentration of trading and corporate functions.
- 10,000 employees at opening (December 2025 target)
- 14,000 maximum employee capacity
- 8 trading floors — high-revenue infrastructure
- Thousands of daily client/guest visits
$29.8B
JPM NYC Annual Impact
8,000+
Construction Jobs
40,000+
Jobs Supported
40+
Union Trades
Timeline
Key milestones in the development of 270 Park Avenue
2018
Project Announcement
JPMorgan Chase announces plans to construct a new global headquarters at 270 Park Avenue, the first major development under Midtown East Rezoning.
2019
Demolition Begins
Controlled demolition of the former Union Carbide Building commences, achieving a 97% material recycling rate — a record for buildings of this scale.
2021
Construction Milestone
Steel structure rises above street level. Over 8,000 union workers from 40+ trade organizations contribute to the construction effort.
2023
Topping Out
The tower reaches its full 1,388-foot height, becoming visible across the Manhattan skyline. Façade installation and interior work begin.
2025
Grand Opening
JPMorgan Chase employees begin moving into the completed headquarters, the largest all-electric skyscraper in North America.
Latest News
Updates from JPMorgan Chase and 270 Park Avenue development
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Gallery
Construction progress and architectural highlights
Photography by Michael Young
Contact
We welcome inquiries from media, researchers, and the public