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JPMorgan Opens 60-Story All-Electric Headquarters on Park Avenue

The Foster + Partners tower anchors JPMorgan's push to draw employees back to a hydro-powered, amenity-rich workplace.

Overview

  • The 2.5 million-square-foot building is expected to host roughly 10,000 employees on a typical day by the end of 2025.
  • Jamie Dimon said the project cost about $4 billion, though several reports have cited a price tag near $3 billion.
  • Promoted as New York City’s largest all-electric skyscraper, the tower runs on upstate hydropower and targets net-zero operational emissions.
  • A lifted base with fan-shaped columns opens wider sidewalks and a Madison Avenue plaza, while engineers built over active rail lines and recycled about 97% of demolition material.
  • Amenities include biometric access, a workplace app, a Danny Meyer–curated 19-restaurant hall, a pub, wellness facilities and a drone port, with renovations starting next at 383 Madison.