"Employees started moving in to JPMorgan's new megaskyscraper at 270 Park a few months ago, but it officially opens later this month. And while the 60-story, Norman Foster-designed tower has been described as a symbol of return to office and the revival of midtown Manhattan, it's more of an outlier than a bellwether of the office market. Not only is the tower an unusually luxe space for the 10,000 bankers who've been mandated to return to work there,"
"it's the centerpiece of something even more ambitious: Jamie Dimon's multi-block midtown campus, as Bloombergreports. Not everyone can afford to do this, and indeed, most companies are not - its scale reflects JP Morgan's dominant position in the banking industry - it's not just a top-tier bank, it is the top bank, earning more profit last year than any lender in the history of American finance."
Employees have begun occupying JPMorgan's 60-story, Norman Foster-designed tower at 270 Park, which officially opens later this month. The building provides unusually luxurious workspace for roughly 10,000 bankers who have been required to return to the office. The tower serves as the centerpiece of Jamie Dimon's multi-block Midtown campus that includes the former Bear Stearns offices at 383 Madison Avenue, slated for a $1 billion renovation. JPMorgan demolished its previous headquarters to build 270 Park and is leasing additional nearby space, including 250 Park which may become a hotel. The bank's Midtown footprint approaches 6 million square feet and exemplifies a trend of tech and finance giants assembling dense urban campuses.
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