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JP Morgan's $4B HQ: A Bronze Behemoth or City's Demise?
3 Dec
Summary
- JP Morgan's new HQ uses 95,000 tonnes of steel, enough to circle the globe twice.
- The $4bn building replaced a recently refurbished office tower, drawing criticism.
- The bank's new London headquarters will be larger than The Shard combined.
JP Morgan's colossal new global headquarters in New York City, costing $4bn, has become a stark symbol of the bank's dominance. The building's immense scale, utilizing 95,000 tonnes of steel, has been criticized for its domineering presence on the Manhattan skyline and its disregard for existing structures, notably replacing a recently refurbished office tower.
Designed by Foster+Partners, the tower's design emphasizes bulk and extravagance, featuring opulent interiors and amenities intended to retain employees. However, its structural choices and sheer material usage have also raised environmental concerns, with engineers suggesting more sustainable alternatives were overlooked in favor of aesthetic boldness.
The controversial development, enabled by a 2017 zoning change, signals a trend of increasingly large skyscrapers in Midtown Manhattan. Furthermore, JP Morgan's planned European headquarters in London, also by Foster+Partners, is set to be the capital's largest office building, raising similar concerns across the Atlantic.
