JPMorgan Chase (NYSE:JPM), one of New York City’s largest employers, officially opened its new global headquarters, which will house 10,000 employees by year-end, in midtown Manhattan on Tuesday.
“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,” Chairman and CEO Jamie Dimon said.
The company also expects the high-tech, sustainable, net-zero emissions office tower will serve as a recruiting tool. “A workplace needs to be a destination, it needs to be commute-worthy. It needs to provide an elevated experience for employees, for clients and for visitors,” David Arena, JPMorgan Chase’s head of global corporate real estate, told Reuters.
The building has 2.5M square feet of flexible workspace and collaboration areas, including 285K square feet for client entertainment space. It features higher ceilings than typical office standards and 25% more volume of space per person, the company said. In addition, the new building has 2.5 times more outdoor public space than the previous building.
With the new global headquarters completed, JPMorgan Chase (NYSE:JPM) is starting renovations on its 383 Madison Avenue building, across the street from its 270 Park Avenue HQ. The company also owns 410 Madison Avenue and 250 Park Avenue, and leases more than 1M square feet of office space close by, Bloomberg reported.