- \n
- Firm contributes $42 billion annually to New York City\u2019s economy as one of its largest employers<\/i><\/li>\n
- Project created 8,000 construction jobs across 40 local unions<\/i><\/li>\n
- New York City\u2019s largest all-electric tower sets new standards in sustainability, health and wellness<\/i><\/li>\n<\/ul>\n
\nKey points:<\/p>\n
- \n
- \nJPMorganChase is one of New York City\u2019s largest employers and contributors to the local economy.<\/p>\n
- \n
- \nJPMorganChase Tower will be home to 10,000 employees by year-end, as part of the firm\u2019s broader investment in Midtown Manhattan.<\/p>\n<\/li>\n
- \nThe project created 8,000 construction jobs across 40 local unions.<\/p>\n<\/li>\n
- \nA new study by Vista Site Selection shows JPMorganChase contributes $42 billion annually to the city\u2019s economy, supporting an additional 40,000 jobs across local industries.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n
- \n
- \nThe new tower features 2.5 times more outdoor public space than the previous building and redefines the modern workplace with state-of-the-art technology and world-class amenities for employees and clients.<\/p>\n<\/li>\n<\/ul>\n
- \n
- \nAs New York City\u2019s largest all-electric tower with net zero operational emissions, the headquarters sets new standards in building sustainability, health, and wellness.<\/p>\n<\/li>\n<\/ul>\n
NEW YORK–(BUSINESS WIRE<\/a>)–
\nJPMorganChase (NYSE: JPM) officially opened its new global headquarters at 270 Park Avenue<\/a>, marking a major milestone in its commitment to New York City. Designed to accommodate 10,000 employees and thousands of daily guests, the building offers 2.5 million square feet of flexible workspace, smart technology, and advanced infrastructure for the future of work. With 2.5 times more outdoor space than the previous building \u2013 including a public plaza, green spaces, and wider sidewalks \u2013 JPMorganChase Tower fosters a vibrant environment for the Midtown community. As the city\u2019s largest all-electric tower, it operates at net zero emissions and delivers exceptional indoor air quality, setting new standards for sustainability, health, and wellness.<\/p>\nThis press release features multimedia. View the full release here: https:\/\/www.businesswire.com\/news\/home\/20251021352922\/en\/<\/a><\/p>\n
![\"270](\"https:\/\/mms.businesswire.com\/media\/20251021352922\/en\/2615605\/4\/NYC_Skyline_View.jpg\")
<\/p>\n270 Park Skyline View (Photo credit: Max Touhey for JPMorganChase)<\/p>\n<\/div>\n
Boosting New York City\u2019s economy<\/b><\/p>\n
\nJPMorganChase remains one of the city\u2019s 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\u2019s 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.<\/p>\n
Part of firm\u2019s broader investment in Midtown Manhattan and workspaces globally<\/b><\/p>\n
\nThe new headquarters at 270 Park represents a major step in JPMorganChase\u2019s 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\u2019s infrastructure across several blocks. The opening of 270 Park also marks the start of renovations at the firm\u2019s 383 Madison Avenue building, directly across the street. Both projects will enhance public spaces with a new plaza on Madison Avenue, wider sidewalks, and improved access to Grand Central Terminal.<\/p>\n
\nBeyond New York, JPMorganChase has invested billions of dollars to renovate and expand offices throughout the U.S. and worldwide, reflecting its commitment to creating modern, collaborative work environments for employees everywhere.<\/p>\n
Setting a new standard for office towers<\/b><\/p>\n
\nThe 60-story skyscraper reimagines the workplace for employees, clients, and the community. Key features include:<\/p>\n
- \n
- \n2.5 million square feet of dynamic workspace and collaboration areas, including 285,000 square feet of dedicated client entertainment space, powered by smart technology and advanced infrastructure.<\/p>\n<\/li>\n
- \nInnovative fan column structure and triangular bracing create 2.5 times more public space at street level than the previous building, including wider sidewalks, and a public plaza on Madison Avenue.<\/p>\n<\/li>\n
- \nVibrant streetscape and outdoor amenities create a \u2018city within a city\u2019 for residents, workers, and visitors.<\/p>\n<\/li>\n
- \nA welcoming lobby, eight expansive trading floors, a triple-height \u2018Exchange\u2019 hub for dining and large gatherings, and a world-class client center at the top.<\/p>\n<\/li>\n
- \nTouchless journey for employees with more than 50,000 connected devices delivering a seamless, data-driven experience.<\/p>\n<\/li>\n
- \nHigher ceilings that far exceed typical office standards, along with 50% more communal spaces, and 25% more volume of space per person.<\/p>\n<\/li>\n
- \nSplit elevator core and shuttle elevators enhance connectivity and flexibility.<\/p>\n<\/li>\n
- \nColumn-free floor plates allow for adaptable layouts.<\/p>\n<\/li>\n
- \nOutdoor terraces with natural plantings and biophilic design elements.<\/p>\n<\/li>\n<\/ul>\n
Sustainability<\/b><\/p>\n
- \n
- \nNew York City\u2019s largest all-electric skyscraper with net zero operational emissions, 100% powered by renewable energy sourced from a New York State hydroelectric plant.<\/p>\n<\/li>\n
- \nDesigned to achieve LEED Platinum v4 and WELL Health-Safety Rating.<\/p>\n<\/li>\n
- \nIntelligent building technology uses sensors, AI, and machine learning systems to predict, respond, and adapt to energy needs.<\/p>\n<\/li>\n
- \nAdvanced water storage and reuse systems reduce water usage more than 40%.<\/p>\n<\/li>\n
- \nTriple-pane glazing on the fa\u00e7ade and automatic solar shades connected to HVAC systems for greater energy efficiency.<\/p>\n<\/li>\n
- \n97% of demolition materials recycled, reused, or upcycled \u2013 far exceeding green building standards.<\/p>\n<\/li>\n<\/ul>\n
Health and wellness<\/b><\/p>\n
- \n
- \nDouble the amount of outside, fresh air and continuous air quality monitoring.<\/p>\n<\/li>\n
- \nAdvanced HVAC filtration systems for cleaner air.<\/p>\n<\/li>\n
- \nState-of-the-art health and wellness center with fitness areas, yoga\/cycling rooms, medical services, mother\u2019s rooms, and meditation spaces.<\/p>\n<\/li>\n
- \n30% more daylight and circadian lighting for healthier indoor environment.<\/p>\n<\/li>\n<\/ul>\n
Enhancing New York City\u2019s skyline and streets with public art<\/b><\/p>\n
\nJPMorganChase has commissioned five new artworks from world-class artists that will enrich the cultural fabric of New York City:<\/p>\n
- \n
- A Parallel Nature <\/b>by Maya Lin: This large-scale artwork is the centerpiece of the new public plaza on Madison Avenue, inspired by the natural bedrock of the city and the rock faces of Central Park.\n<\/li>\n
- Celestial Passage <\/b>by Leo Villareal: This distinct light-based artwork transforms the city\u2019s skyline, illuminating the 1,388-foot building\u2019s crown nightly with gently shifting waves of monochromatic light.\n<\/li>\n
- Color Chase One <\/b>and Color Chase Two <\/b>by Gerhard Richter: The lobby on Park Avenue features two large-scale, painted works made with interlocking, hard-angled aluminum shapes that are visible to pedestrians and visitors.\n<\/li>\n
- Wind Dance <\/b>by Lord Norman Foster: A 3-D printed column in bronze serves as a centerpiece in the lobby, visible from both Madison and Park Avenues. It replicates outdoor airflow to ensure the flag inside moves in harmony with those outside.\n<\/li>\n
- Living Building <\/b>by Refik Anadol: The lobby\u2019s elevator banks become a vibrant display of light and movement, powered by custom AI models.\n<\/li>\n<\/ul>\n
Project partners<\/b><\/p>\n
\nFoster + Partners served as the lead architect for the building\u2019s 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\u2019s overall design advisor.<\/p>\n
\nJPMorganChase partnered with experts including Dr. Joseph Allen, Director of Harvard University\u2019s Healthy Buildings program; wellness expert Deepak Chopra; Danny Meyer of Union Square Hospitality Group to create world-class wellness and hospitality experiences.<\/p>\n
\nThe construction project was managed by AECOM Tishman, with New York City Constructors overseeing the frame\u2019s 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.<\/p>\n
Images and video: <\/b>Click here<\/a> to access a full media kit, including images and video.<\/p>\n
Official statements<\/b><\/p>\n
Jamie Dimon, Chairman and CEO of JPMorganChase: <\/b>\u201cFor more than 225 years, JPMorganChase has been deeply rooted in New York City. 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 \u2013 locally and globally \u2013 for generations to come.\u201d<\/p>\n
Government official statements<\/i><\/p>\n
New York State Governor Kathy Hochul: <\/b>\u201cThe official opening of JPMorganChase\u2019s new global headquarters does more than add a signature building to Manhattan\u2019s skyline \u2013 it reaffirms New York as the world\u2019s financial capital, built on the strength of our workforce and infrastructure. Even better, 270 Park Avenue delivers benefits beyond its four walls, with critical investments to modernize the Grand Central train shed, ensuring safer, faster commutes for hundreds of thousands of New Yorkers. I commend Jamie Dimon and the JPMorganChase Operating Committee for their steadfast commitment to New York and the men and women for making this vision a reality. There is no better place to do business than New York.\u201d<\/p>\n
U.S. Senate Minority Leader Chuck Schumer:<\/b> \u201cThe opening of JPMorganChase\u2019s stunning 270 Park, a spectacular addition to Manhattan\u2019s iconic skyline, sends an emphatic message to the world that New York City remains the greatest city on the planet \u2013 one where the most brilliant, creative, ambitious, and hardworking people from all around the world come to make their mark. In so doing these employees do so much to create jobs, support countless workers in related industries that power the New York and American economy. I\u2019m excited to see CEO Jamie Dimon put this exclamation point on JPMorganChase\u2019s commitment to New York, and to Gary LaBarbera, Vinnie Alvarez, and all of the union leaders and laborers who made it a reality, not to mention the significant contributions from the City of New York, the MTA and more. In Manhattan, 270 Park will support 10,000 high-skilled employees in good-paying jobs that will have a cascading ripple effect on the entire economic ecosystem of NYC, from the small business owner opening a new caf\u00e9 or restaurant to the taxicab driver and fruit stand vendor. Our city is strongest when those with the most invest locally in their community, and 270 Park is a literally shining example of the best version of this. Onward and upward!\u201d<\/p>\n
U.S. Representative Jerry Nadler (NY\/12): <\/b>\u201cJPMorganChase\u2019s new worldwide headquarters right here in Manhattan shows a commitment like no other in our great city. This project spurred thousands of union jobs and billions in economic activity and will continue to contribute to our economy and the economic wellbeing of our entire City, State and region. I welcome the opening of JPMorganChase\u2019s new HQ that will continue to cement New York City as the undisputed financial capital of the world.\u201d<\/p>\n
New York City Mayor Eric Adams: <\/b>\u201cAs the mayor of the greatest city in the world, I am proud to not only celebrate the opening of JPMorganChase\u2019s new global headquarters in Manhattan but their continued investment in New York City and our people. With this world-class building, JPMorganChase will give over 10,000 workers a high-quality home, raise the bar for sustainability, and open even more public space for New Yorkers to enjoy. Four years ago, major employers and office workers were fleeing our city; now, thanks to our administration\u2019s relentless focus on public safety and growing our economy, jobs are at a record high and businesses from start-ups to global titans are opening new offices block by block. This transformation would not be possible without partners like JPMorganChase, who are proving, once again, that New York City is open for business.\u201d<\/p>\n
Manhattan Borough President Mark Levine: <\/b>\u201c270 Park Avenue was one of the most complicated construction projects in recent memory, including significant transit upgrades. Its completion is a milestone moment for New York City, solidifying Midtown\u2019s comeback post-pandemic as one of the world\u2019s leading economic hubs. I congratulate JPMorganChase on this enormous accomplishment and look forward to their solidified role as a major employer in New York City.\u201d<\/p>\n
New York State Senator Liz Krueger: <\/b>\u201cI am very pleased to see 270 Park \u2013 the first new office tower built under the East Midtown Rezoning \u2013 open for business. Not only does this building bring brand new Class A office space to East Midtown, but it also demonstrates the viability and the benefits of all-electric construction on a massive scale. Combined with the community benefits realized through the design and the funds resulting from air rights transfers, this project is a big win for Manhattan.\u201d<\/p>\n
New York State Senator Brad Hoylman-Sigal: <\/b>\u201cJPMorganChase has reaffirmed Manhattan\u2019s position as the international capital of finance with their soaring, state-of-the-art global headquarters location at 270 Park Avenue. In addition to being the new home for over 10,000 employees, this gleaming new tower is an enormous boost to the local economy, having created 8,000 construction jobs from 40 local unions and triggering additional economic activity of $2.6 billion for New York City and $3.6 billion for New York State overall. I\u2019m grateful to the leadership of JPMorganChase, the Building and Construction Trades Council of Greater New York, and my partners in government for their help making this project possible.\u201d<\/p>\n
New York State Assemblymember Alex Bores: <\/b>\u201cToday\u2019s ribbon cutting at 270 Park Avenue honors the New Yorkers who built it. This project showcases the ingenuity and creativity that keep New York City leading the way in building the future. Thank you to the more than 8,000 union tradespeople across 40 local unions who made it possible.\u201d<\/p>\n
New York City Councilmember Keith Powers: <\/b>\u201cThe new headquarters of JPMorganChase in the heart of my district will be a massive economic driver in New York City. The building is leading the way on sustainability and public space, and provides an example for future commercial development. I\u2019m thrilled to see it open today, and to welcome the 10,000 employees who will now be spending their workdays in my district.\u201d<\/p>\n
Gary LaBarbera, President of the Building and Construction Trades Council of Greater New York: <\/b>\u201cThe grand opening of JPMorganChase\u2019s global headquarters represents an impeccable milestone for New York City and the tradesmen and tradeswomen who benefitted from the union construction careers this project created. Now, thousands of hardworking New Yorkers have been granted the opportunity to pursue the middle class and support their families, all while acting as a driving force behind this historical investment in our city and the economic stimulus it will create. We congratulate JPMorganChase on their new home at 270 Park Avenue and commend our highly-skilled members who played a pivotal role in getting this modern, cutting-edge, best-in-class, building across the finish line.\u201d<\/p>\n
Project partner statements<\/i><\/p>\n
Norman Foster, Founder and Executive Chairman, Foster + Partners: <\/b>\u201cThis new all electric tower is hydro powered to minimize its carbon footprint. The unique cantilevered structure, clad in bronze, delivers two and a half times the amount of public space at the base, including a garden, than its predecessor. The unparalleled range of venues and leisure activities, couple to tall spaces with generous natural light and high levels of fresh filtered air (twice that of building codes) combine to set new standards of wellbeing. It is the workplace of the future designed for today.\u201d<\/p>\n
Rob Speyer, CEO of Tishman Speyer: <\/b>\u201cSince 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\u2019s clients and people in mind. 270 Park is a building all New Yorkers can be proud of.\u201d<\/p>\n
John Kovacs, Chief Operating Officer, AECOM Tishman: <\/b>\u201cWe 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\u2019s future.\u201d<\/p>\n
Rocco Giannetti, Regional Managing Principal, Gensler: <\/b>\u201cNew York City is a magnetic city, and the new JPMorgan Chase headquarters at 270 Park emphasizes the magnitude of excellence that pulls people and leading companies to Manhattan and keeps them here. Gensler is pleased to have contributed to the design and execution of the dynamic and multifaceted workplace, client centers, and amenities of the headquarters, where prioritizing social, functional, and restorative spaces will serve JPMorganChase\u2019s employees and clients for decades to come.\u201d<\/p>\n
Walter Mehl, Managing Partner, JB&B: <\/b>\u201cThe JPMorganChase Tower at 270 Park Avenue is one of the greatest accomplishments of our time: the construction of a 60-story state-of-the-art skyscraper that, once completed, will be New York City\u2019s largest all-electric building. With its net-zero operational emissions, unsurpassed indoor air quality, and 21st<\/sup> century infrastructure, the building not only radically reimagines the urban workplace but also represents a quantum leap in the evolution of design and engineering. The JB&B team was honored to be part of this historic building, reaching new heights in sustainability and electrification, and truly engineering the building of the future.\u201d<\/p>\n
About JPMorganChase<\/b><\/p>\n
\nJPMorganChase serves more than 4 million New York City consumers and small businesses through 290 Chase branches across all five boroughs, with nearly 40 branches offering free workshops, skills training, and support for small businesses. Since 2019, the firm has contributed more than $123 million to local nonprofits, helping address housing affordability, supporting small businesses, and creating jobs.<\/p>\n
\nTo learn more about JPMorganChase\u2019s impact in New York City, please visit: https:\/\/www.jpmorganchase.com\/communities\/new-york<\/a><\/p>\n
\nJPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (\u201cU.S.\u201d), with operations worldwide. JPMorganChase had $4.6 trillion in assets and $360 billion in stockholders\u2019 equity as of September 30, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world\u2019s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com<\/a>.<\/p>\n
<\/p>\n
View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20251021352922\/en\/<\/a><\/span><\/p>\n
Media Contact: <\/i>Michael Fusco, 212-270-2495, michael.f.fusco@jpmchase.com<\/a><\/p>\n
KEYWORDS:<\/b> United States North America New York<\/p>\n
INDUSTRY KEYWORDS:<\/b> Arts\/Museums Banking Entertainment Architecture Professional Services Sustainability Commercial Building & Real Estate Asset Management Construction & Property Environment Urban Planning Building Systems Finance<\/p>\n
- Celestial Passage <\/b>by Leo Villareal: This distinct light-based artwork transforms the city\u2019s skyline, illuminating the 1,388-foot building\u2019s crown nightly with gently shifting waves of monochromatic light.\n<\/li>\n
- A Parallel Nature <\/b>by Maya Lin: This large-scale artwork is the centerpiece of the new public plaza on Madison Avenue, inspired by the natural bedrock of the city and the rock faces of Central Park.\n<\/li>\n
- \nAs New York City\u2019s largest all-electric tower with net zero operational emissions, the headquarters sets new standards in building sustainability, health, and wellness.<\/p>\n<\/li>\n<\/ul>\n
- \nThe new tower features 2.5 times more outdoor public space than the previous building and redefines the modern workplace with state-of-the-art technology and world-class amenities for employees and clients.<\/p>\n<\/li>\n<\/ul>\n
- Project created 8,000 construction jobs across 40 local unions<\/i><\/li>\n
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