One Chase Manhattan Plaza

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One Chase Manhattan Plaza
One Chase Manhattan Plaza 1.jpg
One Chase Manhattan Bank
General information
Status Complete
Location 1 Chase Manhattan Plaza, Manhattan, New York, NY 10005, United States
Coordinates 40°42′28″N 74°00′32″W / 40.70778°N 74.00889°W / 40.70778; -74.00889Coordinates: 40°42′28″N 74°00′32″W / 40.70778°N 74.00889°W / 40.70778; -74.00889
Construction started 1957
Completed 1961
Owner Fosun
Height
Antenna spire 813 ft (248 m)
Technical details
Floor count 60
Design and construction
Architect Skidmore, Owings and Merrill
Structural engineer Skidmore, Owings and Merrill, Weiskopf & Pickworth LLP
Main contractor Turner Construction

One Chase Manhattan Plaza is a banking skyscraper located in the downtown Manhattan Financial District of New York City, between Pine, Liberty, Nassau, and William Streets. Construction on the building was completed in 1961. It has 60 floors, with 5 basement floors, and is 248 meters (813 ft) tall, making it the 15th tallest building in New York City, the 43rd tallest in the United States, and the 200th tallest building in the world.[1]

The building is built in the International style, with a white steel facade with black patterns just below the windows. Designed by Gordon Bunshaft of Skidmore, Owings and Merrill, the building echoes the Inland Steel Building in Chicago.

A direct entrance to the Wall Street station (2 3 trains) of the New York City Subway is in the lobby.

History[edit]

One Chase Manhattan Plaza (right) and 40 Wall Street (center)

The Chase Manhattan Bank president of that time, David Rockefeller, the current patriarch of the Rockefeller family, was the prime mover of the construction and the building's location, notably because many corporations had moved uptown, and the Financial District had languished as a result. One Chase Manhattan Plaza is currently occupied by the successor to the "Rockefeller Bank", JPMorgan Chase & Co.

Originally, its major tenants included the white shoe firms Milbank, Tweed, Hadley & McCloy (then the bank's main outside counsel), Davis Polk & Wardwell and Cravath, Swaine & Moore. Davis Polk and Cravath moved to Midtown in the nineties, but Milbank remains.

"The building is an enormous steel-framed rectangle, 813 feet (248 m) high, containing about 1,800,000 square feet (170,000 m2) above ground level, with another 600,000 square feet (55,742 m²) below grade for a truck entrance, mechanical equipment rooms, vaults, a branch bank, and a cafeteria. On the facade are anodized aluminum panels, mullions, and column cladding. Aluminum was chosen because it was cheaper than stainless steel, and the curtain wall manufacturer, General Bronze Corporation, offered a long performance guarantee. The columns, nearly 3 x 5 feet (0.9 x 1.5 m) in size, stand 29 feet (8.8 m) apart on the long axis and project from the long façades of the building; on the short sides, floors are cantilevered beyond the columns."

"...When seen from a distance, the bank looks bulky among the slender towers of pre- Depression skyscrapers. Its surface can also appear obtrusive because the earlier building surfaces of brick and stone absorb light while Chase's aluminum and glass reflect it. Seen from ground level, especially from its principal plaza, the building is a commanding presence."Chase's tall rectangle is asymmetrical in plan, with the elevator and service core shifted off center to allow a 45-foot (14 m) wide clerical pool on the south and individual offices and a corridor 29 feet (8.8 m) wide on the north. These broad spaces are uninterrupted by columns, adding to the cost but producing about 6 percent more continuous space for desks."[2]

The New York Landmarks Preservation Commission designated One Chase Manhattan Plaza a landmark in 2008.[3]

The October, 18th, 2013, JPMorgan sells the Chase Manhattan Plaza building to Fosun, a Chinese investment company, for the amount of $725 million.[4]

Tenants[edit]

See also[edit]

References[edit]

  1. ^ Emporis.com, Design Specs
  2. ^ Great Buildings Online, by Carole Herselle Krinsky, quoted by Gordon Bunshaft
  3. ^ http://www.nyc.gov/html/lpc/downloads/pdf/reports/ChaseManhattanReport.pdf
  4. ^ Levitt, David M. (2013-10-18). "JPMorgan Sells Chase Manhattan Plaza in NYC to China’s Fosun". Bloomberg. Retrieved 2013-11-27. 
  5. ^ "Office Details". Agcs.allianz.com. 2012-06-12. Retrieved 2013-11-27. 
  6. ^ Geiger, Dan. "EXCLUSIVE: In a Reversal, Law Firm Milbank Tweed Considers a Renewal". Commercialobserver.com. Retrieved 2013-11-27. 

Further reading[edit]

  • Wilson, John D. (1986). The Chase: The Chase Manhattan Bank, N.A., 1945-1985. Boston, Mass: Harvard Business School Press. ISBN 978-0-87584-134-2. 

External links[edit]