Posted Feb 21, 2018, 9:02 PM
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New Yorker for life
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Join Date: Jul 2001
Location: Borough of Jersey
Posts: 51,815
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https://www.usatoday.com/story/money...nyc/358343002/
Quote:
Redevelopment and construction are scheduled to start in 2019, and take roughly five years to complete, the bank and government officials said. The project is expected to create more than 8,000 construction-related jobs during the building period.
Upon completion, JPMorgan plans to consolidate employees who currently work in other New York City locations with headquarters staffers in the new tower. In all, roughly 15,000 bank employees are expected to be based in the new tower.
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https://www.bloomberg.com/news/artic...15-000-workers
The House That Dimon Built: JPMorgan Plans Soaring HQ in Midtown
February 21, 2018
Quote:
JPMorgan announced on Wednesday it will tear down its Park Avenue headquarters and construct a modern tower that will mark a new era for both midtown Manhattan and the lender. The monument to the success of the largest U.S. bank will set in motion a years-long logistical feat that in all likelihood will culminate just about the time that Chief Executive Officer Dimon, 61, hits retirement.
JPMorgan has remained at 270 Park Ave., a glass International-style affair completed in 1961, even as several other big banks have built flashier New York offices in recent years. The details of the design are pending, but one thing is sure: the new building will be bigger than before -- not unlike JPMorgan, which has more than doubled in size under Dimon.
The headquarters will house 15,000 of the bank’s employees and could be between 70 and 75 stories, depending on how wide its footprint is, said a person with knowledge of the company’s plans.
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“Office buildings are our factories – whether for tech, creative or traditional industries we must continue to grow our modern factories to create new jobs,” said United States Senator Chuck Schumer.
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