Overview
- The Midtown East skyscraper begins operations with capacity for roughly 10,000 employees and 2.5 million square feet of workspace.
- Jamie Dimon said the project cost about $4 billion, conflicting with earlier reports that pegged the price near $3 billion.
- The Foster + Partners design is New York’s largest all-electric office tower, powered by upstate hydro with features like triple-pane glazing and increased fresh-air ventilation targeting LEED and WELL standards.
- The building concentrates eight trading floors and introduces hospitality-focused spaces curated for on-site engagement, including dining, wellness areas, and client facilities.
- JPMorgan says 97% of materials from the prior tower were recycled as construction supported 8,000 jobs and an estimated $2.6 billion in local economic activity, with renovations at 383 Madison set to follow.