New York, NY – Lynchburg, Virginia, based Banker Steel Company is proud to announce its participation in the construction of the new JPMorgan Chase Global Headquarters at 270 Park Avenue in New York City’s Midtown. JPMorgan Chase unveiled the plans on April 14, 2022, for the building designed by Foster + Partners and developed in collaboration with Tishman Speyer and AECOM. The building will include 2.5 million square feet of space with state-of-the-art technology, health and wellness amenities, and public spaces, among other features. Banker Steel will provide 95,000 tons of fabricated steel for this 1,388-foot, 60-story skyscraper, which Banker Steel’s subsidiary NYC Constructors will erect.
The building will serve as both a celebration of Park Avenue’s architectural history and a look to the future as New York City’s largest all-electric tower with net zero operational emissions. The headquarters will be 100% powered by renewable energy sourced from a New York State hydroelectric plant and will include state-of-the-art building technology and systems to ensure it operates as efficiently as possible. The project will incorporate 97% reused or upcycled materials from the demolition, far surpassing the 75% requirement of the leading green building standard.
The project is expected to be completed by the end of 2025. Once completed, the headquarters will house up to 14,000 employees, replacing the much smaller facility from the 1950s.
About Banker Steel: Founded in 1997, Banker Steel Company is a majority-owned subsidiary of DBM Global. Based in Lynchburg, Virginia, with additional fabrication facilities in Florida and New Jersey, Banker Steel provides fabricated structural steel and erection services together with its subsidiary NYC Constructors for the east coast commercial construction market. The company also provides design-assist services and has had the privilege of fabricating steel for design-build projects such as the award-winning One Vanderbilt in New York City and the Barclays Center in Brooklyn, New York. For more information, please visit www.bankersteel.com.
About DBM Global: Based in Phoenix, Arizona, DBM Global delivers high quality, sustainable value to its clients through the collaborative work of its subsidiaries. These companies provide design-assist, design-build, engineering, BIM participation, 3D steel modeling / detailing, fabrication, advanced field erection, project management and asset management solutions. Visit www.dbmglobal.com for more information.
Foster + Partners