TL;DR
JPMorgan Chase has opened a $3 billion headquarters at 270 Park Avenue in New York City. The new building is 60 stories tall and can house 10,000 employees. It includes high-end technology and several employee-friendly features. The bank hopes the new office will help attract and keep talent. It also supports its global workplace strategy.
New building offers advanced technology and comfort
JPMorgan’s new office includes several modern features. Employees can enter the building using biometric access. A special app allows them to order food, book meeting rooms, and use other services. The building also has a drone port for future delivery options. There are several dining choices inside the building. These include a Michelin-starred vegan restaurant, a protein shake cafe inside an Airstream trailer, and an English-style pub. The tower has 50% more hospitality space than any of the bank’s earlier buildings.
Part of a global plan to upgrade workspaces
In the past five years, JPMorgan has upgraded over 125,000 workstations in cities like Bengaluru, Tokyo, Paris, and Mexico City. The bank plans to upgrade another 75,000 workstations in the next five years. CEO Jamie Dimon has often supported returning to the office instead of working from home. The new building is part of that strategy. David Arena, the head of global real estate, said the office is meant to be a place people want to come to. “A workplace needs to be commute-worthy,” he said.
Focus on sustainability and local impact
The new tower was built on the site of JPMorgan’s old headquarters. Around 97% of the old building’s materials were recycled. The new building uses recycled metals and other eco-friendly materials. The construction project involved 8,000 workers and added $2.6 billion to New York’s economy, according to the bank. This makes JPMorgan one of the largest private employers in the city.
