"The bronze and steel tower at 270 Park, which reportedly cost $3 billion, replaced the Union Carbide Building, which sat on a full city block between 47th and 48th Street and Park Avenue and Madison Avenue for nearly 60 years. JPMorgan expects to house roughly 10,000 of its 24,000 New York-based employees in the new building, with some employees starting their first workday at the tower at the same time as the company holds its ribbon cutting ceremony."
"The completion of the new 270 Park is a major accomplishment for Dimon, who has been one of loudest voices calling for employees to report to an office for work. The building was designed before the COVID-19 pandemic made remote work more common. The bank held meetings to consider halting work on the building to either redesign it or scale it back, but Dimon was insistent that work should continue as designed."
The 60-story bronze and steel tower at 270 Park cost about $3 billion and replaced the Union Carbide Building on a full city block between 47th and 48th Street and Park and Madison Avenues. The building will house roughly 10,000 of JPMorgan’s 24,000 New York-based employees, with some starting their first workday at the ribbon-cutting ceremony. The opening signals a major investment in New York and a commitment to clients and employees worldwide. The tower was designed before the COVID-19 pandemic; project leaders considered redesigning or scaling back, but work continued as originally planned. Political leaders attended, celebrating the city’s ambition.
Read at Newsday
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