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Banker Steel, NYC Constructors Celebrate Topping Out at the New JPMorgan Chase Headquarters

NEW YORK, NY — DBM Global Inc. celebrates a milestone of its subsidiaries Banker Steel Co. LLC and NYC Constructors LLC (NYCC) in erecting the last piece of major structural steel atop 270 Park Avenue in New York City. The topping out ceremony celebrated the completion of the steel framework of the 60-story building, the new global headquarters of financial services firm JPMorgan Chase. The building is the largest steel structure in New York City and will provide 2.5 million square feet of flexible and collaborative space for up to 14,000 employees. The topping out celebration included appearances by JPMorgan Chase Chairman & CEO Jamie Dimon, New York Governor Kathy Hochul, New York City Mayor Eric Adams, and other local officials.

“Banker Steel continues to successfully complete some of the largest and most complex structures in New York and along the Eastern seaboard," DBM Global CEO James Rustin Roach said. “Banker Steel and NYCC continue to add substantial value to the DBM Global family of companies across the United States.”

For 270 Park Avenue, Banker Steel fabricated and NYCC erected 93,600 tons of structural steel. With over 800 craft workers in shop and field, Banker Steel and NYCC employees contributed over 1.6 million fabrication man hours and 1.2 million field hours. Banker Steel’s fabrication expertise, efficient workflow processes, and effective collaboration with stakeholders facilitated an early finish with the topping out many weeks ahead of schedule.

“We are extremely proud of our entire team," Banker Steel President Chet McPhatter said. "The men and women in both our fabrication shops and on site are incredible, world class builders. It took years of intense planning and execution to fabricate and erect one of the most iconic structures in the history of NYC.”

The project team included developer Tishman Speyer, architects Foster + Partners, structural engineer Severud Associates Consulting Engineers P.C., and construction manager AECOM Tishman.

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The 1,388-foot building provides an iconic addition to the New York skyline as it has a unique fan-column structure and triangular bracing support for its massive “tabletop” shape that reaches across the entire city block. As New York City’s largest all-electric tower, 270 Park Avenue's sustainability features include:

  • All-electric skyscraper, 100 percent powered by renewable energy
  • Net-zero operational emissions
  • Best-in-class air quality
  • Intelligent, sensor-based controls
  • Efficient water use and storage
  • High-performance glazing

Sustainability was front of mind throughout construction with the use of structural steel as the primary material. Structural steel is 93 percent recycled and 100 percent recyclable, making it a prudent construction material choice. "Our motto has always been, ‘If you can dream it, we can build it,’" McPhatter said. "And that has never proven more true than in the case of the construction of 270 Park Avenue.”

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