New JPMorgan Chase State-of-the-Art Headquarters to Rise At 270 Park Ave

JPMorgan Chase intends to pursue building a new 2.5 million-square-foot headquarters at its 270 Park Avenue location. On February 21, 2018, Mayor Bill de Blasio and JP Morgan Chase Chairman and CEO Jamie Dimon announced the construction of a new 2.5 million-square-foot headquarters at its 270 Park Avenue location in Manhattan, which will be the first project under the City’s innovative East Midtown Rezoning plan passed in 2017. Under the East Midtown rezoning, JPMorgan Chase … <Read More>

Zoning Subcommittee Approves One Vanderbilt Project, With Modifications

Proposal returns to City Planning with additional infrastructure improvements.  On May 5, 2015 the City Council Subcommittee on Zoning and Franchises voted to modify and approve the proposed One Vanderbilt skyscraper project and Vanderbilt Corridor rezoning plan.  (See previous CityLand coverage here.) The proposal as approved now includes a second transit hall on 42nd Street and Vanderbilt Avenue, as well as a 22 percent increase in the below-grade pedestrian space. The below-grade increase allows … <Read More>

Council Subcommittee Hears Testimony on One Vanderbilt

Representatives of the project and the Department of City Planning spoke during a four-hour hearing.  On April 13, 2015 the City Council Subcommittee on Zoning and Franchises held a public hearing on One Vanderbilt, a proposed 1,450-foot commercial tower in East Midtown, as well as an accompanying proposal to rezone five blocks of Vanderbilt Avenue to create the Vanderbilt Corridor.  The building will be located adjacent to Grand Central Terminal, bounded by East 42nd Street … <Read More>

City Planning Holds Hearing on One Vanderbilt Proposal

Representatives from the project developers, Grand Central Terminal, and private citizens argued the proposal.  On February 4, 2015 the City Planning Commission held a public hearing on the proposed One Vanderbilt skyscraper project.  The proposed building would be 1,450 feet high and take up a block bounded by Madison Avenue to the west, Vanderbilt Avenue to the east, 42nd Street to the south, and 43rd Street to the north.  The project would also include transit … <Read More>

New York City’s Parking Odyssey: A Play in Several Acts

Traffic congestion in 2013 stems in large part from how the City has allocated street space among motorists, pedestrians, bicyclists, CitiBike stations, pedicabs, and horse-drawn carriages. While changes to address street space allocations can be anticipated, the logic and purpose of the allocations have changed over time.

Act I – Suffocation on the Streets

Facing public streets “choked” with cars, the City in 1950 amended the 1916 Zoning Resolution to require developers of residential buildings … <Read More>