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270 Park Avenue, also known as the JPMorgan Chase Building, is a supertall skyscraper under construction on the East Side of the Midtown neighborhood of Manhattan in New York City.
JPMorgan Chase, in its current structure, is the result of the combination of several large U.S. banking companies that merged since 1996, combining Chase Manhattan Bank, J.P. Morgan & Co., and Bank One, as well as asset assumptions of Bear Stearns, Washington Mutual, and First Republic.
270 Park Avenue, also known as the JPMorgan Chase Tower and the Union Carbide Building, was a skyscraper in the Midtown Manhattan neighborhood of New York City. Built in 1960 for chemical company Union Carbide, it was designed by the architects Gordon Bunshaft and Natalie de Blois of Skidmore, Owings & Merrill (SOM). The 52-story, 707 ft (215 m) skyscraper later became the global headquarters ...
270 Park Avenue has been the address of several buildings on the west side of Park Avenue, between 47th Street and 48th Street, in the Midtown Manhattan neighborhood of New York City: Hotel Marguery (1917–1957) 270 Park Avenue (1960–2021), also known as the Union Carbide Building. 270 Park Avenue (2021–present), also known as the JPMorgan ...
Chase branches in the contiguous U.S. in 2020. The company also operates in Hawaii (not shown on the map). JPMorgan Chase Bank, N.A., doing business as Chase, is an American national bank headquartered in New York City that constitutes the consumer and commercial banking subsidiary of the U.S. multinational banking and financial services holding company, JPMorgan Chase. The bank was known as ...
The building currently houses parts of JPMorgan Chase's Investment Bank, Commercial Bank, and other corporate functions. JP Morgan's takeover of Bear Stearns in 2008 resulted in most investment banking employees moving to 383 Madison Avenue to reduce the leased real estate footprint in Midtown. 277 Park Avenue remains under the ownership of the family-owned Stahl Organization, the building's ...
23 Wall Street replaced the Drexel Building, which was the banking headquarters for J.P. Morgan & Co.'s predecessor Drexel, Morgan & Co. When the building was damaged during the Wall Street bombing in 1920, J.P. Morgan & Co. refused to make repairs, in defiance of the bombing's perpetrators.
Work started in 1999 and was completed in early 2002. When demolition of JPMorgan Chase's world headquarters at 270 Park Avenue commenced in 2019, the bank's headquarters was temporarily relocated to 383 Madison Avenue, pending the completion of the JPMorgan Chase Tower on the Park Avenue site.