Английская Википедия:383 Madison Avenue

Материал из Онлайн справочника
Перейти к навигацииПерейти к поиску

Шаблон:Short description Шаблон:Good article Шаблон:Use mdy dates Шаблон:Use American English Шаблон:Infobox building

383 Madison Avenue, formerly known as the Bear Stearns Building, is a Шаблон:Cvt, 47-story skyscraper in the Midtown Manhattan neighborhood of New York City, United States. Built in 2002 for financial services firm Bear Stearns, it was designed by architect David Childs of Skidmore, Owings & Merrill (SOM). It housed Bear Stearns's world headquarters until 2008, when Bear collapsed and was sold to JPMorgan Chase. Since then, JPMorgan's investment banking division has occupied the building.

383 Madison Avenue occupies an entire city block bounded by Madison Avenue, 47th Street, Vanderbilt Avenue and 46th Street. The eastern two-thirds of the building is erected over two stories of tracks leading to the nearby Grand Central Terminal. Above the rectangular base, there are several setbacks tapering to an octagonal tower. The facade is made of granite with glass panels, and the tower is topped by a Шаблон:Cvt glass crown. To accommodate the railroad tracks under the site, the foundation and superstructure contain large sloped girders and trusses, and the elevators are placed on the west side of the building. The ground story also contains public spaces and an entrance to Grand Central Terminal. Above are seven trading floors, as well as office stories. The building has a usable floor area of Шаблон:Cvt; including mechanical spaces, its total floor area is Шаблон:Cvt.

G. Ware Travelstead, First Boston, and the al-Babtain family acquired the site in 1982 and tried to develop a building with more than 70 stories. That plan stalled after Travelstead could not acquire the required air rights from Grand Central Terminal. HRO International then proposed redeveloping the site, but al-Babtain acquired full ownership in 1995 before HRO could obtain the lot. Bear Stearns agreed to develop the site in 1997 after several potential tenants declined to lease space there. Work started in 1999 and was completed in early 2002. When demolition of JPMorgan Chase's world headquarters at 270 Park Avenue commenced in 2019, the bank's headquarters was temporarily relocated to 383 Madison Avenue, pending the completion of the JPMorgan Chase Tower on the Park Avenue site.

Site

383 Madison Avenue is in the Midtown Manhattan neighborhood of New York City. It occupies an entire city block bounded by Madison Avenue to the west, 47th Street to the north, Vanderbilt Avenue to the east, and 46th Street to the south.[1][2] The land lot covers about Шаблон:Cvt with a frontage of Шаблон:Cvt on either avenue and Шаблон:Cvt on either street.[1] Nearby buildings include the old New York Mercantile Library and 400 Madison Avenue to the northwest; 270 Park Avenue to the north; 277 Park Avenue to the northeast; 245 Park Avenue to the east; the Helmsley Building and MetLife Building to the southeast; and the Roosevelt Hotel to the south.[1]

By the late 19th century, the Park Avenue railroad line ran in an open-cut in the middle of Park Avenue, one block east. The line was covered with the construction of Grand Central Terminal in the early 20th century, spurring development in the surrounding area, Terminal City.[3] 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.[4] By 1920, the area had become what The New York Times called "a great civic centre".[5] Largely commercial International Style skyscrapers replaced many of the residential structures on Park Avenue during the 1950s and 1960s.[6][7]

Previous buildings

The original building at 383 Madison Avenue was the Knapp Building, an office structure designed by Cross & Cross[8][9] and built in 1923 for real estate firm Webb & Knapp.[9][10] The limestone structure was 14 stories tall and contained Шаблон:Cvt.[8] The northern half of the building was erected first; it was quickly rented, prompting Webb and Knapp to build the southern half in the same style.[11] The Knapp Building then served as the headquarters of the Manhattan Savings Bank.[12] By the 1980s, the building also contained offices for advertising firm BBDO[13] and CBS Educational and Professional Publishing.[14]

The building occupied the entire block.[12] The facade resembled a simplified classical palazzo. There were bronze-framed display windows at ground level, a string course above the third floor, paired windows in the intermediate floors, and single windows on the top stories. There were swags between the upper-story windows and a flat cornice atop the building.[15]

The roof of the Knapp Building contained a modernist two-story penthouse designed by I. M. Pei and William Lescaze in 1952.[16][17] The penthouse's reception area alone occupied about one-third of the Шаблон:Cvt lower level.[18] This penthouse included a Шаблон:Cvt circular office on the lower level, used by William Zeckendorf of Webb & Knapp.[16][18][19] Zeckendorf's office was covered in oak panels, and there was a private terrace adjacent to it.[18][19] The offices of the firm's secretaries were arranged around the penthouse as well.[20] On the upper level was a circular dining room accessed by a circular elevator[16][18][21] and a rounded staircase.[21] The penthouse was topped by a small cylindrical tower, cantilevered from the core.[18]

Architecture

Файл:BearStearns.JPG
The glass "crown" at top

Designed by David Childs of Skidmore, Owings & Merrill (SOM) for defunct investment bank Bear Stearns, 383 Madison Avenue is Шаблон:Cvt tall with 47 floors.[22][23]Шаблон:Efn Turner Construction was the general contractor; Jaros, Baum & Bolles and Robert Derector Associates were the main engineers, and Cantor Seinuk was the structural engineer.[24]

Form and facade

The building consists of an octagonal tower rising out of a rectangular base.[10][22][25] The lowest nine stories occupy the entire site, measuring Шаблон:Cvt. Above a setback on the ninth story, the cross section of the 10th and 11th stories is rectangular, measuring Шаблон:Cvt. There is a further setback at the 12th story, where the building shrinks to an octagon measuring Шаблон:Cvt.[26] The octagonal tower sets back again at the 18th story (numbered as floor 14), where the building rises straight to its crown.[26][27] This design maximized the size of the perimeter wall, and it created eight corners for private offices on each story.[27]

The facade is made of granite with glass panels. The tower terminates at a Шаблон:Cvt glass crown, which is illuminated at night.[22][28] The glass crown consists of Шаблон:Cvt panels, which can also reflect sunlight during the daytime.[28] Childs described the crown as being made of "crinkled glass", which is laminated and rolled.[10][29]

Mechanical and structural features

Foundation

About two-thirds of the building's foundation sits above two levels of Metro-North Railroad tracks just north of Grand Central Terminal, rather than being attached to the bedrock itself.[30][31]Шаблон:Efn The columns of the building's substructure had to be arranged to avoid the tracks, which descended as much as Шаблон:Cvt beneath ground level. There is also a utility tunnel Шаблон:Cvt below the lower track level, which was built in the early 20th century, with unreinforced concrete walls measuring Шаблон:Cvt thick. The footing subgrade has a bearing capacity of Шаблон:Cvt.[30]

The general contractors reinforced many of the Knapp Building's existing columns and added new footings where necessary. Additionally, a new footing was placed atop the utility tunnel. During the building's construction, the tracks under the site were closed temporarily.[30] The contractors removed most of the track beds for storage, though one track remained in place. The contractors then installed new foundation walls.[31] Each of the new concrete walls is Шаблон:Cvt thick and can carry loads of Шаблон:Cvt. Steel grillages, measuring Шаблон:Cvt long by Шаблон:Cvt wide, are placed under the walls, distributing the loads to the bedrock.[30]

Superstructure

The superstructure of the first 18 stories is placed on an orthogonal grid.[32] The elevator pits could not descend below the first story, due to the presence of the tracks on the eastern portion of the site. Thus, the structural engineers placed the elevators, as well as the structural core of the lower stories, on the western portion of the site. This created large floor areas but also decreased the effectiveness of the building's lateral bracing.[26] North and south of the lower core are Шаблон:Cvt concrete shear walls, which run to the building's western elevation.[33] To compensate for the offset core, the building's eastern elevation contains a Vierendeel truss with columns spaced every Шаблон:Cvt.[32]

Above the double-height lobby are two trusses, each measuring Шаблон:Cvt long. These trusses support all of the upper floors while allowing the lobby to be designed as a column-free space.[34] At ground level, the building contains storefronts, with columns at each corner. Above the ground level, the corners of the building contain executive offices without any columns at the corners. This required the installation of slanted girders at each corner, as well as spandrel beams that connect opposing corners.[35] The trading floors, which are immediately above the lobby and storefronts, contain fewer columns than usual, requiring that the upper stories be supported by complex trusses.[26][31] On the trading floors, the easternmost Шаблон:Cvt and the westernmost Шаблон:Cvt of each story do not have columns.[36]

HVAC and mechanical equipment are placed on several intermediate stories, since there is not enough room in the basement. The building was designed to run for four days without exterior power through four Шаблон:Cvt emergency electrical generators, its own steam turbines, and tanks that can store Шаблон:Cvt of emergency water.[31] The mechanical spaces are on the 14th through 17th stories[26][27] (labeled as floors 10 through 13).[31] The core of the upper stories is at the center of the site. Therefore, diagonal girders are installed within the mechanical levels to shift loads up to Шаблон:Cvt westward, between the upper and lower cores. The sloped girders measure up to Шаблон:Cvt across and can carry up to Шаблон:Cvt. The girders intersect at nodes, which each consist of several layers of Шаблон:Cvt steel plates. Each node connects up to four girders.[26]

Above the 18th story, the columns at the perimeter of the octagonal tower are placed Шаблон:Cvt apart, creating a rigid moment frame. Each corner of the octagon has no columns. Additionally, the perimeter columns are not aligned with the steel frame below, which required the use of a double-height ring truss wall on the 18th and 19th stories to distribute loads to the lower stories.[32] The 18th and 19th stories contain technological equipment for the tenants.[27] In total, the superstructure has Шаблон:Cvt of steel.[31]

Interior

Файл:383 Madison Avenue from One Vanderbilt.jpg
The building at night as seen from One Vanderbilt

The building has a total floor area of Шаблон:Cvt.[24][25][36] The usable floor area covers only Шаблон:Cvt, giving it a floor area ratio (FAR) of 21.6. At the time of the building's planning, this was the maximum FAR allowed in any building in New York City.[37] This includes Шаблон:Cvt of space that the developers could build "as-of-right" without additional zoning provisions, as well as Шаблон:Cvt of air rights from above the terminal.[38] About 26 percent of the building is mechanical space, which does not count toward FAR calculations.[36] This was allowed since 383 Madison Avenue's zoning district does not specify any height limit.[39] Under normal zoning regulations, the maximum FAR for any building on the tower's site was 15, but the developers received two bonuses of 20 percent each, bringing the FAR to 21.6. The developers had to include privately owned public space at the building's base for the first bonus, and they built a transit entrance for the second bonus.[40]

Ground floor

There is a set of escalators and a staircase near the northwest corner of the building, which contains an entrance to Grand Central Terminal.[40] Work on this entrance began in 1997 as part of the Grand Central North passageway system,[41][42] which was completed in 1999.[43] The Grand Central North entrance covers Шаблон:Cvt.[40] Above the Grand Central North entrance is a mosaic panel showing Manhattan's skyline before the World Trade Center was built. The panel is one of three that were commissioned by the Manhattan Savings Bank around 1950; they were initially installed above the entrance to the Knapp Building.[44] Each panel measured about Шаблон:Cvt wide.[45] Before the mosaic panel was reinstalled in the Bear Stearns Building, it was restored and cleaned, and new mosaic pieces were fabricated to replace broken pieces. A new white background measuring Шаблон:Cvt was created and installed behind the skyline.[44]

There are also several recessed corner entrances totaling Шаблон:Cvt; a mass-transit access point covering Шаблон:Cvt; and a "through-block connection" covering Шаблон:Cvt.[40] The through-block passageway connects 46th and 47th Streets along the eastern side of the building, providing access to Grand Central North from 46th Street.[10][40] To comply with zoning regulations, there are also shops along the Madison Avenue side of the building.[10] The lobby has a Шаблон:Cvt ceiling with Шаблон:Cvt pillars and a black security desk.[31] The lobby has hosted Christmas parties, executive meetings, and even a wedding between employees.[46]

Offices

When it opened, the building contained 23 elevators;[31] Шаблон:As of, the building has 30 elevators.[22] In addition, the building has a 450-seat auditorium, employee dining areas, a broadcast studio, and an employee fitness center.[24] The auditorium and employee dining areas are within the lowest nine stories of the building.[36] Floors 12 and 13 contain executive dining rooms.[26] The offices also include multimedia rooms, electronic "data walls", and remote data centers.[47] Each story also has three electrical closets and two telecom rooms.[31] The interiors use Шаблон:Cvt of moldings, Шаблон:Cvt of terrazzo, Шаблон:Cvt of Maine granite, and ceilings made of medium-density fiberboard.[31]

When the building was being developed, the lowest portion of the building was to contain seven rectangular trading floors, which could accommodate 2,000 traders.[10][36] As built, floors 3 through 11 served as Bear Stearns' trading floors.[31][26] The trading floors originally spanned only four stories, two each for equity and fixed income departments.[47] Each floor is Шаблон:Cvt and can fit 285 traders.[31] The trading floors each contain about Шаблон:Cvt of usable space. The placement of the concrete foundation walls between the railroad tracks mandated that the trading floors be divided into bays, each measuring Шаблон:Cvt wide by Шаблон:Cvt long.[26]

History

Travelstead plans

Early proposals

Файл:Madison Av Apr 2022 164.jpg
View of the building from ground level in 2022

By the 1980s, Grand Central Terminal had about Шаблон:Cvt of unused air rights, which its owners (a subsidiary of the former Penn Central) sought to sell off. Since the terminal was a city landmark, its owners could not use the air rights to expand the terminal. In Penn Central Transportation Co. v. New York City (1978), the United States Supreme Court had ruled that the city government had the right to designate the terminal as a landmark, even if the designation prevented Penn Central from using its air rights. Afterward, Penn Central planned to sell the air rights to other developers; however, many potential development sites could not receive Grand Central's air rights because they were too far away.[48]Шаблон:Efn Manhattan Savings Bank was also looking to sell the Knapp Building at 383 Madison Avenue in the early 1980s.[12][49]

Developer G. Ware Travelstead, who led First Boston Real Estate, acquired the old building from Manhattan Savings Bank in October 1982 for $77.75 million.[50] Travelstead and First Boston were joined by a Saudi partner,[51] the al-Babtain family.[52] The developers hired SOM to design a replacement for the site. Initial plans reached up to Шаблон:Cvt and 140 stories, taller than Sears Tower, the tallest building in the world at the time.[8][9] At the time, all leases at the Knapp Building were set to lapse in three years.[8] For this project, First Boston arranged to buy at least Шаблон:Cvt of air rights from Grand Central.[8][53] By 1984, Travelstead planned to build a shorter tower of 50 to 70 stories, saying: "It's not clear to me that anybody wants to pay an $8, $10 or $12 premium to be in a very tall building."[54] Subsequently, Travelstead hired Kohn Pedersen Fox (KPF) to redesign the project.[55][56] KPF created new plans for the building with assistance from structural engineer William LeMessurier.[56][57]

Travelstead proposed a tower of about 70 stories and over Шаблон:Cvt.[58]Шаблон:Efn The building would have been one of the tallest in New York City;Шаблон:Efn it would have contained a floor area of Шаблон:Cvt.[55] The office floors were to be arranged in a cross, with columns in the building's core to avoid underground tracks at Grand Central Terminal.[55][56][57] The below-ground structure would have been made of steel because a concrete foundation could not fit between the tracks.[57] To redistribute loads from the exterior to the core, diagonal beams would be installed at intervals of eight floors.[57] There would have been trading floors made of concrete (corresponding to the first ten stories above ground[57]), as well as a series of office stories capped by a shoulder truss. The top 20 stories would have been above the truss.[55][57][59] To blend in with nearby buildings, the lower stories would have contained a granite facade, while the upper stories would have been made of metal and glass.[59] The Royal Institute of British Architects lauded the proposal as one of the ten best designs in the 20th century.[60] Architecture writer Ada Louise Huxtable derided it as "a ski-slide tower of Brobdignagian scale and bulk in what might be called Mesopotamian-Motorola style".[60][61]

Air rights dispute

By 1986, Travelstead planned to start work on its tower the next year.[62] The site was only zoned for Шаблон:Cvt and Travelstead needed to purchase Шаблон:Cvt of air rights from Grand Central Terminal to attain his desired square footage.[63] Without a zoning subdistrict across which air rights could be distributed, the terminal's air rights could typically only be transferred to adjacent sites with one exception. Penn Central could transfer air rights from Grand Central through adjacent buildings that it also owned, thus forming a "chain of ownership".[60][64][65] Such a chain between Grand Central and 383 Madison Avenue no longer existed aboveground, since Penn Central had sold off the Biltmore and Roosevelt hotels, which would have connected the two sites.[65] Travelstead and Penn Central claimed that there was a chain of ownership through the underground tracks, which Penn Central did own.[60][64][65] City officials did not believe that underground property or railroad tracks were part of a chain of ownership, saying that, if such a chain was valid, air rights from Grand Central could be transferred up the Park Avenue line to the New York City border.[66][67]

Travelstead submitted a special-permit application and a draft environmental impact statement to the city government in 1986, but the city did not take any action on the matter for two years.[68] Even as Travelstead continued to advocate for the 70-story plan, a scaled-down proposal called Scheme III was unveiled in 1987 (despite the name, there had been no Scheme II). This proposal called for a 48-story tower with a similar massing to KPF's 70-story proposal, though the pinnacle would contain multiple spires, evocative of Manhattan's older skyscrapers.[36] The Knapp Building was empty by the late 1980s.[69] Though Travelstead left First Boston in 1988, he continued to be involved in the project.[51] He sued the city in early 1988, and a State Supreme Court judge ruled that the city had to decide within 30 days on whether to allow the plans to proceed.[68]

A six-month public review process for the planned building began in April 1989.[60] Travelstead encountered opposition in trying to transfer the air rights.[53][63] Manhattan Community Board 5 voted unanimously to deny the transfer in June 1989.[58][70] Following the Community Board's opposition, the New York City Planning Commission (CPC) also disapproved of the transfer that August.[67][71] Travelstead then sued the city in the State Supreme Court.[36][72] By late 1990, the Metropolitan Transportation Authority (MTA) sought to buy Grand Central and build 383 Madison on First Boston's behalf, as MTA officials believed the agency could qualify for a zoning exemption. Under that plan, the MTA would have built a driveway in the tower's base, connecting to a new truck-loading dock within Grand Central.[73]

Meanwhile, the CPC had suggested creating a zoning subdistrict in November 1989, wherein Grand Central's Шаблон:Cvt of air rights could be transferred to any building in the district.[74][75] In 1991, the CPC issued a report on the proposed Grand Central Subdistrict, which would allow Penn Central to transfer air rights to any building in a seven-block area. Among those sites was 383 Madison Avenue, where Travelstead had to finalize his purchase of the air rights within a year of his State Supreme Court lawsuit being decided.[63] In return, Penn Central and MTA proposed expanding the proposed district significantly.[76] When the district was created that year, it covered 22 blocks.[37] After the Supreme Court upheld the city's decision to deny the air rights transfer in 1991,[36][77] Travelstead appealed the decision.[63] By then, office demand in New York City had decreased significantly, and 383 Madison Avenue was put on hold, along with several other large office projects citywide.[78] First Boston removed Travelstead from the project in 1992,[51] and the Knapp Building remained empty for over a decade.[69]

Ronson/HRO and al-Babtain plans

HRO International, led by British developer Howard Ronson, acquired an option in 1994 to buy the property from First Boston.[79][80] HRO planned a 24-story, $200 million building named Park Avenue Place, with Шаблон:Cvt of space.[81] These included column-less spaces for trading floors and workstations; high ceilings; and an electrical supply that was twice that of older buildings.[36][81] HRO planned to reuse the old building's foundations and also solicited tax breaks from the city government.[81] The New York Times characterized the new plans as a symbol of the city's economic recovery.[82] HRO intended for the building to be a speculative development.[83] Ronson reportedly discussed with J.P. Morgan & Co. (a predecessor to JPMorgan Chase) and Swiss Re about anchoring the building.[84] After half of the building was pre-leased, Ronson planned to apply for a $100 million construction loan.[85] Ronson sought to charge rents of Шаблон:Cvt, but many prospective tenants balked at the high prices.[79]

HRO agreed in July 1994 to buy the site for $57 million;[86] at the time, the tower was to be completed in 1996.[81][87] HRO had intended to start clearing the site in 1995, after taking control.[88][87] After First Boston postponed the sale, HRO pushed back the planned completion date to 1997.[87] HRO ultimately never finalized its purchase.[84] In January 1996, First Boston signed a contract to sell the land to Bear Stearns, whose lease at 245 Park Avenue was expiring.[89][90] Ronson disputed the sale, claiming that he had already spent $8 to $10 million on the site.[79] The next month, the al-Babtain family announced it would be buying First Boston's stake,[52][84] taking full control of the site for $55 million.[52][91] Bear Stearns CEO James Cayne had bought an option for $10 million worth of air rights from the site, leading the al-Babtains' lawyers to accuse Cayne of tortious interference.[92] Cayne then sold the option on the air rights to the al-Babtains for a nominal fee, and the family stopped communicating with him.[92]

Afterward, Bear Stearns negotiated for space at another building instead.[93] Ronson hoped to attract Morgan Guaranty to 383 Madison, but the company indicated in mid-1996 that it was no longer considering that site.[94] Chase Bank, another predecessor of JPMorgan Chase, entered negotiations with the al-Babtain family in October 1996, hoping to develop a new tower next to its existing headquarters at 270 Park Avenue.[84][95] Chase Bank ultimately canceled its plans in April 1997,[91] supposedly after Chase CEO William B. Harrison Jr. failed to show up at a meeting with the al-Babtains.[96] Despite this, observers expected that the planned building's proximity to Grand Central would attract a tenant before the end of the year.[97]

Development and opening

By mid-1997, Bear Stearns was again negotiating for the site with the al-Babtain family.[96][98] That August, the bank agreed to develop a new headquarters at 383 Madison Avenue.[99][100] In exchange, the mayoral administration of Rudy Giuliani agreed to give Bear Stearns up to $75 million in sales tax exemptions, on the condition that Bear Stearns maintain 5,800 employees and create 13,300 new jobs in New York City over the next fifty years.[99][101] The bank planned to move its headquarters and most of its 4,500 employees to the new building.[10] The skyscraper was to have large trading floors to accommodate those functions.[102] The developers acquired Шаблон:Cvt of air rights from Grand Central;[37] they were the first developers to use air rights from the Grand Central subdistrict, which had just been created.[36] The al-Babtain family agreed to hire Sterling Equities to develop the skyscraper for Bear Stearns,[100][103] although Hines Interests ended up managing the development process.[104][105]

The demolition of the old Knapp Building began in May 1998, with the old Manhattan Savings Bank mosaics being removed from that building's facade for preservation.[45] Bear Stearns signed a 99-year lease for the land beneath the building in August 1998.[106] Bear Stearns would control the building for the duration of the lease.[107] Later the same year, a construction worker was killed when he was struck in the head by debris.[108] By mid-1999, the building's structural steel was being constructed,[109][110] and the building was planned to be complete in 2002.[109] At the time, the city had a shortage of skilled construction workers.[110] Due to the complexity of the site, Turner Construction hired 85 subcontractors (compared to 50 in comparable projects). Up to 1,500 workers were employed in the construction process at any time.[31] Cayne also oversaw many of the smaller details of the project, hiring an inspector to check all invoices, then firing the inspector because he could not collaborate with the contractors.[111]

In mid-2001, before the September 11 attacks, the bank reinstalled one of the Manhattan Savings Bank mosaics in its lobby.[44] Despite the attacks, Bear Stearns began moving employees into the new building in October 2001.[47] Near the building's completion, some of the wood in the crown developed mold after it was exposed to the rain.[111] Though this problem was fixed, it led to a dispute between Cayne and his longtime associate Fred Wilpon; due to defects in the quality of the work, Wilpon refused to authorize a $20 million discretionary bonus for Cayne.[112] The crown was first illuminated on April 4, 2002, at a ceremony attended by Cayne, U.S. senator Chuck Schumer, and New York governor George Pataki. At the time, the building had 4,200 employees.[28] The building had cost over $500 million to build, half of which was the cost of the equipment.[31][113][114] As a tax-avoidance measure, the bank held a synthetic lease on the building, which was worth $570 million.[113][115]

Operation

Deconstruction of 270 Park Ave in the foreground with 383 Madison Ave in background in April 2021.
383 Madison Avenue in background with ongoing demolition of 270 Park Avenue in foreground, April 2021

Four of the seven trading floors were in operation when the building opened,[28][47] providing space for 1,250 traders.[47] The haberdasher Charles Tyrwhitt was among the building's original retail tenants.[116] Due to security concerns following the attacks, Bear Stearns initially prohibited visitors from going to the upper floors unless they were accompanied by an employee.[117] Cayne had liked the building's location because he could walk to it from his apartment 13 blocks away.[114] In 2007, just five years after the building had opened, Bear Stearns became involved in the subprime mortgage crisis when two of its subprime hedge funds lost nearly all of their value.[118]

Following the hedge funds' collapse, Bear Stearns faced sudden bankruptcy in March 2008 during the financial crisis of 2007–2008. JPMorgan Chase initially offered to buy Bear Stearns $2 a share, which would have valued the latter at $250 million.[119][120][121] Real-estate experts estimated the building's value at $1.1 to $1.4 billion,[113] so 383 Madison Avenue would have been worth five times as much as Bear Stearns itself.[113][115][121] At the end of May 2008, JPMorgan Chase acquired Bear Stearns for $10 a share.[122][123] Rather than sell 383 Madison Avenue, JPMorgan Chase planned to move its investment division there.[124] The bank immediately started replacing Bear Stearns signage with a logo that resembled J.P. Morgan & Co., its predecessor investment bank.[125] This allowed JPMorgan Chase to reduce the space it occupied at other buildings.[126][127]

By 2014, JPMorgan Chase was looking to develop a new corporate campus in the Hudson Yards development, relocating from 270 Park and 383 Madison.[128] The bank dropped its plans after failing to secure tax exemptions from the city and state governments.[129][130] In 2016, SL Green Realty proposed that JPMorgan Chase swap 270 Park and 383 Madison with One Vanderbilt, a skyscraper that SL Green was constructing five blocks south. Though JPMorgan Chase considered the proposal, the two firms never entered into formal negotiations.[131] In February 2018, JPMorgan Chase announced it would demolish 270 Park to make way for the JPMorgan Chase Tower on the same site, which would be almost twice as tall.[132][133] During the project, JPMorgan moved its headquarters temporarily to 383 Madison Avenue.[134] Deconstruction of 270 Park was completed in mid-2021,[135][136] and Шаблон:As of the new building was estimated to be completed in 2025.[137][138]

Impact

The building's design generally received mixed to negative reviews. Joseph Giovannini of New York said, "This is a building you wouldn't want to get anywhere near at a cocktail party. Dressed nearly head to toe in dour granite, and geometrically proper, it's stiff to the point of pass-out boredom."[114][139] Giovannini summarized he building as being "lugubrious" and "predictable".[29][139] Architectural critic Carter B. Horsley wrote that, compared to the pinnacles of the Chrysler Building and the Empire State Building, "this beacon is not dainty and is very bright."[25] Herbert Muschamp of The New York Times, in describing SOM's work, said: "Skidmore specializes in period pastiche versions of Art Deco skyscrapers, like the new Bear, Stearns building in Midtown Manhattan."[140] In 2010, the New York Daily News ranked 383 Madison as one of New York City's ten ugliest buildings.[141]

See also

Шаблон:Portal

References

Notes

Шаблон:Notelist

Citations

Шаблон:Reflist

Sources

External links

Шаблон:Commons category

Шаблон:Midtown North, Manhattan Шаблон:Grand Central Terminal Шаблон:JPMorgan Chase

  1. 1,0 1,1 1,2 Шаблон:Cite web
  2. Шаблон:Cite aia5
  3. Шаблон:Cite book
  4. Шаблон:Cite report
  5. Шаблон:Cite news
  6. Шаблон:Cite book
  7. Шаблон:Cite news
  8. 8,0 8,1 8,2 8,3 8,4 Шаблон:Cite news
  9. 9,0 9,1 9,2 Шаблон:Harvnb
  10. 10,0 10,1 10,2 10,3 10,4 10,5 10,6 Шаблон:Cite news
  11. Шаблон:Harvnb
  12. 12,0 12,1 12,2 Шаблон:Cite news
  13. Шаблон:Cite news
  14. Шаблон:Cite news
  15. Шаблон:Harvnb
  16. 16,0 16,1 16,2 Шаблон:Cite news
  17. Шаблон:Harvnb
  18. 18,0 18,1 18,2 18,3 18,4 Шаблон:Harvnb
  19. 19,0 19,1 Шаблон:Harvnb
  20. Шаблон:Harvnb
  21. 21,0 21,1 Шаблон:Harvnb
  22. 22,0 22,1 22,2 22,3 Шаблон:Cite web
  23. Шаблон:Cite web
  24. 24,0 24,1 24,2 Шаблон:Cite web
  25. 25,0 25,1 25,2 Шаблон:Cite web
  26. 26,0 26,1 26,2 26,3 26,4 26,5 26,6 26,7 26,8 Шаблон:Harvnb
  27. 27,0 27,1 27,2 27,3 Шаблон:Harvnb
  28. 28,0 28,1 28,2 28,3 Шаблон:Cite web
  29. 29,0 29,1 Шаблон:Harvnb
  30. 30,0 30,1 30,2 30,3 Шаблон:Harvnb
  31. 31,00 31,01 31,02 31,03 31,04 31,05 31,06 31,07 31,08 31,09 31,10 31,11 31,12 31,13 Шаблон:Cite news
  32. 32,0 32,1 32,2 Шаблон:Harvnb
  33. Шаблон:Harvnb
  34. Шаблон:Harvnb
  35. Шаблон:Harvnb
  36. 36,0 36,1 36,2 36,3 36,4 36,5 36,6 36,7 36,8 36,9 Шаблон:Harvnb
  37. 37,0 37,1 37,2 Шаблон:Cite news
  38. Шаблон:Cite news
  39. Шаблон:Cite news
  40. 40,0 40,1 40,2 40,3 40,4 Шаблон:Cite web
  41. Шаблон:Cite news
  42. Шаблон:Cite news
  43. Шаблон:Cite news
  44. 44,0 44,1 44,2 Шаблон:Cite news
  45. 45,0 45,1 Шаблон:Cite news
  46. Шаблон:Cite web
  47. 47,0 47,1 47,2 47,3 47,4 Шаблон:Cite magazine
  48. Шаблон:Cite news
  49. Шаблон:Cite magazine
  50. Шаблон:Cite news
  51. 51,0 51,1 51,2 Шаблон:Cite news
  52. 52,0 52,1 52,2 Шаблон:Cite news
  53. 53,0 53,1 Шаблон:Cite news
  54. Шаблон:Cite news
  55. 55,0 55,1 55,2 55,3 Шаблон:Cite web
  56. 56,0 56,1 56,2 Шаблон:Harvnb
  57. 57,0 57,1 57,2 57,3 57,4 57,5 Шаблон:Cite magazine
  58. 58,0 58,1 Шаблон:Cite news
  59. 59,0 59,1 Шаблон:Harvnb
  60. 60,0 60,1 60,2 60,3 60,4 Шаблон:Cite news
  61. Шаблон:Cite news
  62. Шаблон:Cite news
  63. 63,0 63,1 63,2 63,3 Шаблон:Cite news
  64. 64,0 64,1 Шаблон:Cite news
  65. 65,0 65,1 65,2 Шаблон:Harvnb
  66. Шаблон:Cite news
  67. 67,0 67,1 Шаблон:Cite news
  68. 68,0 68,1 Шаблон:Cite news
  69. 69,0 69,1 Шаблон:Cite news
  70. Шаблон:Cite news
  71. Шаблон:Cite news
  72. Шаблон:Cite news
  73. Шаблон:Cite news
  74. Шаблон:Cite news
  75. Шаблон:Cite news
  76. Шаблон:Cite news
  77. Шаблон:Cite news
  78. Шаблон:Cite news
  79. 79,0 79,1 79,2 Шаблон:Cite news
  80. Шаблон:Cite magazine
  81. 81,0 81,1 81,2 81,3 Шаблон:Cite news
  82. Шаблон:Cite news
  83. Шаблон:Cite news
  84. 84,0 84,1 84,2 84,3 Шаблон:Cite magazine
  85. Шаблон:Cite magazine
  86. Шаблон:Cite magazine
  87. 87,0 87,1 87,2 Шаблон:Cite magazine
  88. Шаблон:Cite news
  89. Шаблон:Cite news
  90. Шаблон:Cite news
  91. 91,0 91,1 Шаблон:Cite magazine
  92. 92,0 92,1 Шаблон:Harvnb
  93. Шаблон:Cite news
  94. Шаблон:Cite news
  95. Шаблон:Cite news
  96. 96,0 96,1 Шаблон:Harvnb
  97. Шаблон:Cite news
  98. Шаблон:Cite magazine
  99. 99,0 99,1 Шаблон:Cite news
  100. 100,0 100,1 Шаблон:Cite news
  101. Шаблон:Cite news
  102. Шаблон:Cite magazine
  103. Шаблон:Cite news
  104. Шаблон:Cite news
  105. Шаблон:Cite news
  106. Шаблон:Cite news
  107. Шаблон:Cite news
  108. Шаблон:Cite news
  109. 109,0 109,1 Шаблон:Cite news
  110. 110,0 110,1 Шаблон:Cite news
  111. 111,0 111,1 Шаблон:Harvnb
  112. Шаблон:Harvnb
  113. 113,0 113,1 113,2 113,3 Шаблон:Cite news
  114. 114,0 114,1 114,2 Шаблон:Harvnb
  115. 115,0 115,1 Шаблон:Cite web
  116. Шаблон:Cite news
  117. Шаблон:Cite news
  118. Шаблон:Cite news
  119. Шаблон:Cite web
  120. Шаблон:Cite web
  121. 121,0 121,1 Шаблон:Harvnb
  122. Шаблон:Cite news
  123. Шаблон:Cite web
  124. Шаблон:Cite news
  125. Шаблон:Cite web
  126. Шаблон:Cite news
  127. Шаблон:Cite news
  128. Шаблон:Cite news
  129. Шаблон:Cite news
  130. Шаблон:Cite news
  131. Шаблон:Cite news
  132. Шаблон:Cite web
  133. Шаблон:Cite news
  134. Шаблон:Cite web
  135. Шаблон:Cite web
  136. Шаблон:Cite web
  137. Шаблон:Cite web
  138. Шаблон:Cite web
  139. 139,0 139,1 Шаблон:Cite web
  140. Шаблон:Cite news
  141. Шаблон:Cite web