JPMorganChase has officially opened its new global headquarters at 270 Park Avenue, marking a major milestone in its commitment to New York City. Designed to accommodate 10,000 employees and thousands of daily guests, the building features 2.5 million square feet of flexible workspace and smart technology. It also offers 2.5 times more outdoor space than the previous building – including a public plaza, green spaces, and wider sidewalks – JPMorganChase Tower fosters a vibrant environment for the Midtown community. As the city’s largest all-electric tower, the building cost $4 billion to build and is 1,388 feet tall with 60 floors.
[Photo above: The New JPMorganChase building. Photo by Max Touhey]
JPMorganChase remains one of the city’s largest employers, with the new building housing 10,000 of its 24,000 New York City employees. According to an independent study by Vista Site Selection, the firm contributes $42 billion annually to the city’s economy, supporting an additional 40,000 jobs across local industries. The construction of the new building alone created 8,000 jobs across 40 local unions.
The new headquarters at 270 Park represents a major step in JPMorganChase’s ongoing investment in Midtown Manhattan and its global office network. In Midtown, the firm worked closely with the Metropolitan Transportation Authority to significantly improve the neighborhood’s infrastructure across several blocks. The opening of 270 Park also marks the start of renovations at the firm’s 383 Madison Avenue building, directly across the street.
For more than 225 years, JPMorganChase has been deeply rooted in New York City,” said CEO Jamie Dimon. “The opening of our new global headquarters is not only a significant investment in New York, but also a testament to our commitment to our clients and employees worldwide. By creating world-class environments where our employees can thrive, we are strengthening our ability to serve our clients and communities – locally and globally – for generations to come.”
The new building features state-of-the-art health and wellness center with fitness areas, yoga/cycling rooms, medical services, mother’s rooms, and meditation spaces.
Foster + Partners served as the lead architect for the building’s design, with Tishman Speyer as the developer manager. Adamson Associate Architects served as the architect of record and executive architect, with Jaros, Baum & Bolles (JB&B) as the mechanical and services engineers. In addition to Foster + Partners, interior spaces were designed by Gensler, Skidmore, Owings & Merrill (SOM), and STUDIOS. Vishaan Chakrabarti, Architect and Founder of Practice for Architecture and Urbanism served as the project’s overall design advisor.
JPMorganChase partnered with experts including Dr. Joseph Allen, Director of Harvard University’s Healthy Buildings program; wellness expert Deepak Chopra; Danny Meyer of Union Square Hospitality Group to create world-class wellness and hospitality experiences.
The construction project was managed by AECOM Tishman, with New York City Constructors overseeing the frame’s installation and Severud Associates serving as the structural engineer. JRM Construction Management, Structure Tone Building Group, and McKissak, Turner and Valez (MTV) performed the fit-out of the interior spaces.
Rob Speyer, CEO of Tishman Speyer, said : “Since day one, Jamie Dimon and his leadership team have demonstrated an unwavering commitment to developing the greatest office tower in the world. Every element of the building was crafted with JPMorganChase’s clients and people in mind. 270 Park is a building all New Yorkers can be proud of.”
John Kovacs, Chief Operating Officer, AECOM Tishman, said: “We are honored to have been entrusted by JPMorganChase to build their awe-inspiring new headquarters at 270 Park Avenue. The sheer complexity of this project, from its all-electric infrastructure to its intricate structural system to its remarkable amenities and green spaces, showcases the creativity and capabilities of the entire design and construction team, as well as the thousands of skilled tradespeople who helped take 270 Park Avenue from concept to reality. Throughout our 127-year history, AECOM Tishman has built numerous projects that have shaped the New York City skyline, and we are thankful to JPMorganChase for allowing us to continue that tradition and for making this investment in New York’s future.”
