At the time, the section of Park Avenue north of Grand Central Terminal contained many apartment houses for the rich. By 1920, the area had become what The New York Times called "a great civic centre". The stone-clad hotel was 12 stories high and designed in the Renaissance Revival style. The site of 270 Park Avenue was developed with a six-building complex, the Hotel Marguery, which opened in 1917 and was developed by Charles V. Among the developments were office buildings such as the Chanin Building, Bowery Savings Bank Building, and New York Central Building, as well as hotels like the Biltmore, Commodore, Waldorf Astoria, and Summit. The line was covered with the construction of Grand Central Terminal in the early 20th century, spurring development in the surrounding area, Terminal City. īy the late 19th century, the Park Avenue railroad line ran in an open-cut in the middle of Park Avenue. Nearby buildings include the old New York Mercantile Library and 400 Madison Avenue to the west Tower 49 to the northwest 277 Park Avenue to the east 245 Park Avenue to the southeast and 383 Madison Avenue to the south. The land lot covered about 80,000 sq ft (7,400 m 2) with a frontage of 200 ft (61 m) on either avenue and 400 ft (120 m) on either street. It occupied an entire city block bounded by Madison Avenue to the west, 48th Street to the north, Park Avenue to the east, and 47th Street to the south. Despite preservationists' objections, the Union Carbide Building was demolished from 2019 to 2021.Ģ70 Park Avenue was in the Midtown Manhattan neighborhood of New York City. The bank announced plans to demolish the building in 2018. Through several mergers, Manufacturers Hanover became part of JPMorgan Chase. Manufacturers Hanover moved into 270 Park Avenue in 1980 and renovated the building. After three years of negotiations, Union Carbide agreed in 1978 to sell the building to Manufacturers Hanover Corporation. Union Carbide moved into its headquarters in 1960 and acquired the underlying land in 1976 after Penn Central went bankrupt. Union Carbide leased the land from New York Central Railroad (later Penn Central) and announced plans for the building in 1955. The site had been occupied by the Hotel Marguery between 19. The Union Carbide Building received mixed reviews during its existence. The offices contained flexible furnishings and partitions, as well as luminous ceilings. Union Carbide's offices were designed around a grid of 5 by 5 ft (1.5 by 1.5 m) modules. This not only prevented a basement from being built under most of the site but also required that the lobby be one story above ground level. About two-thirds of 270 Park Avenue was built atop two levels of underground railroad tracks, which feed directly into Grand Central Terminal to the south. There was a 12-story annex facing west toward Madison Avenue. The main shaft, facing east toward Park Avenue, was 52 stories tall. The building occupied a full city block bounded by Madison Avenue, 48th Street, Park Avenue, and 47th Street and was composed of two sections. A taller skyscraper with the same address, to be completed in 2025, is being constructed on the site. When it was demolished in 2021, the Union Carbide Building was the tallest peacefully demolished building in the world. The 52-story, 707 ft (215 m) skyscraper later became the global headquarters for JPMorgan Chase. Built in 1960 for chemical company Union Carbide, it was designed by architects Gordon Bunshaft and Natalie de Blois of Skidmore, Owings & Merrill (SOM). 270 Park Avenue, also the JPMorgan Chase Tower and Union Carbide Building, was a skyscraper in the Midtown Manhattan neighborhood of New York City.
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