383 Madison Avenue
Encyclopedia
383 Madison Avenue is an office building in New York City
located on Madison Avenue between 46th and 47th Streets and owned by JP Morgan Chase. Designed by David Childs
of Skidmore, Owings & Merrill LLP, it is 755 ft (230 m) tall with 47 floors. It was completed in 2001 and opened in 2002, at which time it was, by some reports, the 88th tallest building in the world. The building has approximately 110 000 rentable square meters (1,200,000 sq ft). Formerly known as the Bear Stearns
Building, it housed the world headquarters of the now defunct investment bank from the building's completion until Bear's collapse and sale to JPMorgan Chase in 2008.
The building has an octagonal tower that rises out of a rectangular base to a 20 m (70 ft) crown made of glass which is illuminated at night.
The building's visually decorative design differs from the conventional functionalist style of neighboring office buildings, and hence has proven unpopular with some critics. 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. Out of character with SOM's (Skidmore, Owings & Merrill's) current work, the design recalls the firm's unfortunate postmodern interlude a decade ago." http://newyorkmetro.com/nymetro/arts/architecture/reviews/5815/
A 72-story tower proposed by G Ware Travelstead
for the site during the 1980s was never built. The building (also being referred as Travelstead Tower http://skyscraperpage.com/cities/?buildingID=8332) was designed by Kohn Pedersen Fox
.
The building changed hands in 2008 during JP Morgan's takeover of Bear Stearns. On their second-quarter 2008 conference call, JP Morgan estimated the building's value at $1.1—1.4 billion.
A night time photograph of the building taken at a steep angle from its base appears on the cover of William D. Cohan
's book, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street (2009).
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
located on Madison Avenue between 46th and 47th Streets and owned by JP Morgan Chase. Designed by David Childs
David Childs
David M. Childs is the Consulting Design Partner at Skidmore, Owings and Merrill. He is best known for his redesign of the new One World Trade Center in New York....
of Skidmore, Owings & Merrill LLP, it is 755 ft (230 m) tall with 47 floors. It was completed in 2001 and opened in 2002, at which time it was, by some reports, the 88th tallest building in the world. The building has approximately 110 000 rentable square meters (1,200,000 sq ft). Formerly known as the Bear Stearns
Bear Stearns
The Bear Stearns Companies, Inc. based in New York City, was a global investment bank and securities trading and brokerage, until its sale to JPMorgan Chase in 2008 during the global financial crisis and recession...
Building, it housed the world headquarters of the now defunct investment bank from the building's completion until Bear's collapse and sale to JPMorgan Chase in 2008.
The building's visually decorative design differs from the conventional functionalist style of neighboring office buildings, and hence has proven unpopular with some critics. New York
New York (magazine)
New York is a weekly magazine principally concerned with the life, culture, politics, and style of New York City. Founded by Milton Glaser and Clay Felker in 1968 as a competitor to The New Yorker, it was brasher and less polite than that magazine, and established itself as a cradle of New...
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. Out of character with SOM's (Skidmore, Owings & Merrill's) current work, the design recalls the firm's unfortunate postmodern interlude a decade ago." http://newyorkmetro.com/nymetro/arts/architecture/reviews/5815/
A 72-story tower proposed by G Ware Travelstead
G Ware Travelstead
Gooch Ware "G" Travelstead is an American property developer and entrepreneur, born in Kentucky in 1938.While head of First Boston Real Estate, a subsidiary of Credit Suisse First Boston, Travelstead was the original designer and promoter of the Canary Wharf estate in London Docklands.- Family...
for the site during the 1980s was never built. The building (also being referred as Travelstead Tower http://skyscraperpage.com/cities/?buildingID=8332) was designed by Kohn Pedersen Fox
Kohn Pedersen Fox
Kohn Pedersen Fox Associates , an architectural firm responsible for several world-renowned buildings, provides architectural, interior and urban design as well as programming and master planning services for clients in both the public and private sectors...
.
The building changed hands in 2008 during JP Morgan's takeover of Bear Stearns. On their second-quarter 2008 conference call, JP Morgan estimated the building's value at $1.1—1.4 billion.
A night time photograph of the building taken at a steep angle from its base appears on the cover of William D. Cohan
William D. Cohan
William D. Cohan is a contributing editor at Fortune, and award-winning former investigative newspaper reporter based in Raleigh, North Carolina, who worked on Wall Street for seventeen years. He spent six years at Lazard Frères in New York and later became a managing director at JP Morgan Chase....
's book, House of Cards: A Tale of Hubris and Wretched Excess on Wall Street (2009).
External links
- Wired New York
- Model of the building
- Emporis.com - Building ID 100372