The Wall Street Journal

NYC Offices Are Back. Nothing Proves It More Than JPMorgan’s $3 Billion Tower.

Bank prepares to move thousands of employees into its new, 2.5-million-square-foot Midtown headquarters

The JPMorgan Chase headquarters in Manhattan has been under development for more than six years.
The JPMorgan Chase headquarters in Manhattan has been under development for more than six years. Photo: Shuran Huang for WSJ

The New York City office market is recovering from its pandemic debacle faster than any other in the U.S. Nothing speaks more to the turnaround than the gleaming new office tower built for JPMorgan Chase.

After more than six years of development, the bank is preparing to move thousands of employees into its new, 2.5-million-square-foot headquarters at 270 Park Ave. later this month before its October grand opening. The 60-story building is a roughly $3 billion bet that New York is definitively back after years of uncertainty about whether it would maintain its leadership in business and finance.

WSJ Logo
Strong Crop of Earnings Eases Investors’ Economic ConcernsExternal link

Strong Crop of Earnings Eases Investors’ Economic Concerns