JPMorgan Chase headquarters at 270 Park Avenue

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Jamie Dimon was the ‘master architect’ of JPMorgan’s new $3 billion skyscraper, the bank’s real estate head says
Yahoo Finance· 2025-10-18 18:25
Core Insights - JPMorgan Chase is nearing completion of its $3 billion headquarters project in Midtown Manhattan, with significant involvement from CEO Jamie Dimon and other executives in the design process [1][2][6] - The new 60-story skyscraper at 270 Park Avenue will accommodate 10,000 employees and features various amenities, including 19 restaurants, coffee shops, a gym, and a company store [3][6] - The project reflects Dimon's belief in the importance of in-person work for fostering culture and creativity within the organization [7] Design and Construction - Architect Norman Foster, known for high-profile projects, is leading the design, which aims to push boundaries in leisure, entertainment, and lifestyle [1][2] - Executives such as Doug Petno, Mary Erdoes, and Marianne Lake were involved in planning different aspects of the building, including the lobby, office floors, and client spaces [3] - The construction was completed in September 2023, but some upper-floor offices and the trading floor are expected to be ready by Christmas 2024 [6] Executive Involvement - Jamie Dimon has taken on a role akin to "master architect," guiding the design to ensure it meets professional standards while incorporating retail elements [2][4] - Concerns about the sky-lobby resembling a mall led Dimon to consult with billionaire developer Rick Caruso for advice on enhancing the professional appearance of the space [4][5] Future Outlook - The investment in the new headquarters signifies a strategic bet on the future of office life, emphasizing collaboration and creativity through in-person interactions [7]