In 2024 another supertall has reached its apex in downtown Manhattan. JPMorgan Chase located at 270 Park Ave- a massive structure is rising on a full-block site: bound by Park Avenue to the east, Madison Avenue to the west, East 47th Street to the south, and East 48th Street to the north. Park 270 stands at 60-stories and will yield 2.5 million square feet of office space with a capacity of 15,000 employees. Park 270 will be the tallest structure in New York completely powered by hydroelectric energy. This is first major development project under the 2017 Midtown East rezoning plan, which incentivized taller commercial project in the Manhattan area.

“JPMorgan Chase is proud to have called New York City home for more than 200 years and this building is a symbol of our long-term investment that will impact future generations of New Yorkers,” Jamie Dimon, JPMorgan Chase Chairman and CEO, said. “I am so proud of the exceptional and dedicated team of people who have worked through very challenging conditions to get the job done and complete this phase of the project.”

The new JPMorgan Chase building is the tallest structure in NY completely powered by hydroelectric energy, a roughly $3 billion dollar investment. Standing at 1,388 feet and 70 stories tall, it is the 6th tallest building in New York City. Ascend to the top floors of JP Morgan Chase building to find the galvanized steel members. The use of hot-dip galvanizing in the upper floors is to control the corrosive environment that the steel will be subject to due to the heat and moisture from electrical components on top of the building. Roughly 1,500 tons of steel was hot-dip galvanized on this super structure, fabricated in the Virginia, New Jersey, and Orlando plants of Banker Steel Company. Hot-dip galvanizing was chosen for the corrosion performance and the longevity of the coating. This building will stand the test of time, minimizing preventative maintenance and allowing the steel framing to last for decades to come.