NEW YORK | 270 Park Ave | 1,389 FT | 57 FLOORS

[NYguy]

Originally Posted by Amanita

I'm with the CB on this- this is a precedent setting project, and we really shouldn't set a precedent of letting developers weasel out of legal requirements, while offering nothing in return.

It's not really setting a precedent. There wasn't really any plan put in place for this in the Midtown East rezoning, so that's why this is a site specific text amendment, meaning it will apply to this site only...

The proposed text amendment is specific to the site, and designed to be inapplicable to other sites with similar conditions

Originally Posted by Busy Bee

Are we entering a situation where we end up with a crumby public space that admittedly nobody wants but get the taller tower? A jeeeeez… the dilemma... the collision of values... what to dooooo?

I think that the CB feels this will move forward as planned anyway, and the no vote is mostly symbolic. But still, Chase should call the bluff, build a 1,600 ft tower, and let the chips fall where they may.

[NYguy]

http://thejewishvoice.com/2018/12/19...ring-headache/

JPMorgan Tower Makes Grand Central LIRR Project An Engineering Headache

12/19/2018

...plans may be in jeopardy if JPMorgan Chase goes ahead and builds the new headquarters at 270 Park Ave, Crain’s New York reports.

For now, the city and state still have the upper hand, as the new tower would have to be built around the infrastructure for East Side Access.

This situation could further be complicated by the amount of political power such a large banking institution has and the fact that some critics and skeptics don’t think the railroad project will ever even be fully realized.

As a tower that’s planned to exceed 1,000 feet, such a structure would need an especially large and deep base. Unfortunately for JPMorgan, train tracks running to and from Grand Central Terminal lie beneath the proposed tower site. The deep-cavern Long Island Railroad station being built beneath the existing Grand Central Terminal further complicates the tower project because now even more infrastructure will be in the way.

Construction crews for both projects could also wind up doing work in close proximity to each other, causing potential logistical headaches for the construction teams and for everything nearby. Having to shut down multiple streets to allow construction vehicle access or having excessive noise coming from two different projects in close proximity could become a hot-button issue for neighbors.

[Busy Bee]

That story sounds like it was written by an eighth grader. Why even post that?

[NYguy]

Originally Posted by Busy Bee

That story sounds like it was written by an eighth grader. Why even post that?

Specifically so you could ask that question.

[jackster99]

Originally Posted by nyguy

specifically so you could ask that question.

^lol

[Zapatan]

I take it the impending stock market crash/recession won't effect this tower at all? Sorry to the *that* guy but just wondering.

[NYguy]

Originally Posted by Zapatan

I take it the impending stock market crash/recession won't effect this tower at all? Sorry to the *that* guy but just wondering.

You could say there was a comet on course for New York City in the year 2019, and they're still all in on this headquarters.

[Busy Bee]

They'd walk away unscathed and richer than ever from a recession anyway based on recent history.

[JMKeynes]

Originally Posted by Zapatan

I take it the impending stock market crash/recession won't effect this tower at all? Sorry to the *that* guy but just wondering.

It’s the Financial Capital of the World, and this will rise.

[Zapatan]

Originally Posted by JMKeynes

It’s the Financial Capital of the World, and this will rise.

I know, that's what I assume but still can't help but wonder.

[JMKeynes]

There’s nothing to wonder. JPMC has very deep pockets. A few billion dollars is nothing to it. Also, it has already leased temporary space and is preparing for demolition .

[chris08876]

Exterior elevator is being set up on the existing tower.

JPMC is serious.

[NYguy]

We'll be watching one come down, and one go up (or wrap up, 1 Vandy is a fast one).



Gene M9000

[NYguy]

Grand Central transfer officially approved.

[NYguy]

DECEMBER 30, 2018


1. The rebuilt/reconfigured 390 Madison, where a good chunk of 270 Park employees are moving temporarily...





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3. Meanwhile, scaffolding continues to wrap around 270 Park Avenue in preparation for the coming demolition...





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11. Neighbors across Park Avenue will get to witness the whole spectacle, from demolition to rebirth...





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14. A few blocks up Park Avenue, more rebirth is taking shape...





15.

[Zerton]

So it's really going to happen... Crazy. Largest demo ever? This tower is larger than the old Deutsche Bank tower.

[Amanita]

I've been working on a 277 Park Avenue cosplay forever, I guess I'll need to add some huge Maleficent style wings to the sketches I've got for 270. Those and a halo Talk about a shitty reason to add some cool things to a costume.

[NYguy]

Originally Posted by Zerton

So it's really going to happen... Crazy. Largest demo ever? This tower is larger than the old Deutsche Bank tower.

Yep, it's happening, and right before our eyes. Blink, and you'll miss it.

Originally Posted by Amanita

I've been working on a 277 Park Avenue cosplay forever, I guess I'll need to add some huge Maleficent style wings to the sketches I've got for 270. Those and a halo Talk about a shitty reason to add some cool things to a costume.

Maybe you'll like the new one better.

[NYguy]

https://www.instagram.com/p/BsNfrIQhlwv/

[Zapatan]

I wonder how far they are into the design process they are, or if they've even chosen no action vs. action.

Some renderings would be just amazing, cannot wait