JPMorgan Chase’s new global headquarters will be entirely powered by renewable energy from a hydroelectric plant.
New York’s first all-electric skyscraper is already one year into construction. It will be one of the city’s tallest skyscrapers at 1,400 feet. (For comparison, their tallest building is One World Trade Center, which stands at 1,776 feet.)
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JPMorgan Chase’s new global headquarters will be entirely powered by renewable energy sourced from a local hydroelectric plant. The nearly 60-story skyscraper will have “net-zero operational emissions” and accommodate 14,000 employees daily, including a public plaza on Madison Avenue.
Architecture and engineering firm Foster + Partners developed its design. “The unique design rises to the challenge of respecting the rhythm and distinctive streetscape of Park Avenue while accommodating the vital transport infrastructure of the city below,” Norman Foster, the founder of Foster + Partners, said in an official statement.
New vision
“The result is an elegant solution where the architecture is the structure, and the structure is the architecture, embracing a new vision that will serve JPMorgan Chase now and well into the future.”
Located at 270 Park Avenue, it will feature more eco-friendly elements, like automatic solar shades connected to HVAC (heating, ventilation, and air conditioning) systems for better energy efficiency. For water conservation, a water storage system will be installed to cut usage by more than 40 percent. In addition, outdoor terraces will house greenery, and the building will be equipped with technology to predict and adapt to energy needs.
To begin construction, the investment bank had to demolish the 700-foot Union Carbide Building, which New Yorkers met with criticism per Timeout. However, the new building will provide more in the long run in terms of sustainability and space efficiency.
The JPMorgan Chase headquarters will be complete by 2025.
Images from the Foster + Partners website.
