JPMorgan Chase announces plans for New York City's 1st all-electric skyscraper

MANHATTAN, New York (WABC) -- A groundbreaking development is in the works that would bring New York City's largest all-electric skyscraper.

JPMorgan Chase announced its new global headquarters, located on Park Avenue in Manhattan, will be fully powered by renewable energy.

The 60-story tower - 1,388 feet tall - will achieve "net-zero operational emissions" by using power that comes from a state hydro-electric plant, officials say.

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Other green features will include triple-glazed windows and systems that store and re-use water.

The tower is scheduled to be completed by 2025.

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