NEW YORK – JULY 19: The JPMorgan Chase & Co. building at 270 Park Avenue July 19, 2006 in the Manhattan borough of New York City. The third-biggest U.S. bank, JPMorgan Chase & Co. said second-quarter profit more than tripled to a record as trading revenue rebounded and fewer credit-card customers defaulted on debts. (Photo by Michael Brown/Getty Images)
An electrical fire in the basement prompted an evacuation Thursday morning at 270 Park Avenue, one of New York City's largest demolition projects ever. About 200 workers had to leave.
The FDNY said it responded at 7:25 a.m. for a fire in a Con Ed vault in the basement of the building. Operations were still ongoing an hour later, though there were no reports of injuries.
The former J.P. Morgan world headquarters, the building is now down to about 30 floors from its original 52. The Council on Tall Buildings and Urban Habitat considers it the tallest structure to ever be voluntarily demolished.
J.P. Morgan Chase intends to build a new, taller headquarters on the site once the demolition work is completed.
