On the southern edge of Ground Zero, where the doomed Deutsche Bank Building is being disassembled at 130 Liberty Street, glad tidings for bankers and the people who love them: JPMorganChase is set to announce a deal with the city to build a new, 42-story skyscraper on the site to serve as its headquarters. The deal has been rumored for awhile, so there's been time to get ducks in a row. Alors, what sort of headquarters? Scant details on the architectural plans at this point, but oh, in case you missed this:
Because the site is relatively small, the bank tower will have to jut out about 100 feet over a planned park and church on Liberty Street, as well as over Cedar Street, to accommodate trading floors for the investment bank. The tower will therefore cast a permanent shadow over the one-acre park. The building's design will require public hearings and a change in the master plan for rebuilding Lower Manhattan.Brace for big fun for everyone! More on this to come, rest assured.
· Chase Bank Set to Build Tower By Ground Zero [NYTimes]
· New JP Morgan Tower at 5 WTC! [Wired New York]