Manhattan · New York County
383 Madison Avenue
POPS - Outdoor Plaza / Through-Block
- Location
- 383 Madison Avenue, at East 47th Street, Midtown East
- Size
- 0.20 acres
- Hours
- Open during business hours
- Type
- POPS - Outdoor Plaza / Through-Block
383 Madison Avenue is a Privately Owned Public Space at the JPMorgan Chase headquarters tower in Midtown East, one of the most significant corporate addresses in global finance.
The building, known as the Bear Stearns Building (for the investment bank that occupied it before its collapse during the 2008 financial crisis), was acquired by JPMorgan Chase when it purchased Bear Stearns in a government-facilitated emergency sale.
Madison Avenue between 46th and 50th Streets is one of the most commercially valuable corridors in Manhattan, with corporate headquarters, luxury retail, and prestigious professional services firms competing for the avenue's prestige.
The POPS at 383 Madison includes a through-block connection that helps pedestrians navigate between Madison and Park Avenues, providing an alternative to the congested sidewalks of 47th Street.
This plaza provides public space at one of the addresses that witnessed the 2008 financial crisis firsthand, where the collapse of Bear Stearns signaled the beginning of the worst economic downturn since the Great Depression.