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11h ago

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

The opening signals JPMorgan’s bet that a showcase workplace can anchor New York’s office recovery.

FILE - Chase Bank ATMs are shown, Thursday, March 25, 2021, in New York. (AP Photo/Mark Lennihan, File)
Jamie Dimon, Chairman and Chief Executive Officer of JPMorgan Chase & Co., holds a U.S. flag that was given to him during an event honoring local construction workers who helped build the firm's new headquarters at 270 Park Avenue, in the Midtown area of New York City, U.S., September 9, 2025. REUTERS/Shannon Stapleton/File Photo
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Jamie Dimon, CEO of JPMorgan Chase, called the company's new tower office building in Manhattan a labor of love

Overview

  • JPMorgan and Gov. Kathy Hochul held a ribbon-cutting at 270 Park Avenue, with the bank targeting roughly 10,000 daily occupants by the end of 2025.
  • The 2.5 million-square-foot tower, designed by Foster + Partners, features an 80-foot lifted base with fan columns, a triple-height Exchange hub, and eight trading floors.
  • The building is all-electric and powered by upstate hydroelectricity, with 97% of demolition materials recycled as it seeks LEED Platinum and WELL ratings.
  • Amenities and technology—including a 19-restaurant food hall curated by Danny Meyer, a pub, wellness spaces, biometric access, and a workplace app—are positioned to attract and retain talent.
  • Reports differ on the price tag, with most citing about $3 billion while Jamie Dimon said about $4 billion, and the bank plans to begin renovating 383 Madison next.