JPMorgan Turns to Apple HQ Architect for New Manhattan Tower

(Bloomberg) -- JPMorgan Chase & Co.’s Jamie Dimon has said he wants to build a new world-class headquarters for the 21st century. Now he’s hiring the architect behind Apple Inc.’s futuristic offices to design the new Park Avenue tower.

Foster + Partners will serve as the lead architect on the project, said bank spokesman Joseph Evangelisti. The JPMorgan building will be the second on the famous boulevard for the firm, whose founder, Norman Foster, is a Pritzker Prize winner. It also designed 425 Park Ave., under construction a few blocks to the north. The bank didn’t disclose details of the design.

JPMorgan said in February it would knock down its headquarters at 270 Park Ave. and replace it with a 2.5 million-square-foot (232,000-square-meter) skyscraper that could rise as much as 500 feet higher than the current building. In March, the bank struck a deal with a nearby church to acquire as much as 555,000 square feet of development rights, facilitated by a recent rezoning.

JPMorgan Turns to Apple HQ Architect for New Manhattan Tower

JPMorgan plans to start construction next year, once it gets the necessary approvals, according to an earlier statement.

Foster + Partners also designed Bloomberg LP’s London headquarters, which opened last year.

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