JPMorgan Chase won’t Move West

JPMorgan Chase has decided against moving to Manhattan’s Far West Side and elected to remain at its current home on the East Side. Chase had spoken of plans of constructing two towers at Related Companies’ 50 and 55 Hudson Yards. In exchange for the 62 and 40-story towers, the city would bequeath the bank over a $1 billion in tax breaks. Mayor de Blasio, however, rejected such notions. Alicia Glen, deputy mayor for economic development stated, “This is an outcome that validates our approach, and our belief that these deals often come down to factors that have nothing to do with taxpayer subsidies. We’re glad that JPMorgan has decided to maintain its buildings and its work force right where they are for the forseeable future.” [NYTimes]

Atelier’s Ice Skating Rink

The Atelier tower at 635 West 42nd Street has plans to build an ice-skating rink upon its roof. The 46-story tower located between 11th and 12th Avenues intends to open the 3,000-square-foot rink November 15th and skating residents will be treated to views of the Hudson River, as well as the Empire State Building and Times Square as they skate. Board President Dan Neiditch told the Daily News, “The outside space has always been wasted during the winter. Now, you’ll be able to skate around while overlooking the city.” [TRD]

Skadden Arps has signed a Letter of Intent for Manhattan West

Skadden, Arps, Slate, Meagher & Flom LLP has officially signed a letter of intent to occupy space within Brookfield Office Properties’ Manhattwan West Development, despite prior conflicting reports. The law firm’s letter states:

“We are pleased to inform you that the Firm has signed a Letter of Intent for a 20-year lease at Brookfield Properties’ Manhattan West Development. Our new, state-of-the-art building, 1 Manhattan West, will be built at Ninth and 33rd Street, which is part of what we believe will be the most exciting new neighborhood in the city…” [newyorkyimby]