"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,"
"The other buildings in Dimon's campus, or "JP Morgan's own neighborhood," as Bloomberg puts it, include the old Bear Stearns offices across the street at 383 Madison Avenue, which is about to get a $1 billion renovation. The Madison Avenue office served as JPMorgan's temporary headquarters while 270 Park was going up (the bank tore down its old headquarters to build 270, taking advantage of the Midtown East rezoning to go bigger)."
Employees began moving into JPMorgan's 60-story Norman Foster-designed tower at 270 Park several months ago, with the building officially opening later this month. The tower serves about 10,000 bankers and offers unusually luxurious office space, positioning it as an outlier rather than a bellwether for the broader office market. The building anchors Jamie Dimon's multi-block midtown campus that includes renovated Bear Stearns offices at 383 Madison Avenue, potential hotel conversion at 250 Park, and extensive nearby leased office space. JPMorgan's midtown footprint approaches 6 million square feet, reflecting the firm's exceptional scale compared with other corporate and tech campuses.
Read at Curbed
Unable to calculate read time
Collection
[
|
...
]