Despite pandemic, JPMorgan builds new HQ

06:02 Tue, 24 May

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14.Oct .2020 12:15

Despite pandemic, JPMorgan builds new HQ

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JPMorgan Chase & Co is forging ahead with plans to build a mammoth new headquarters in New York, Chief Executive Jamie Dimon said on Tuesday, despite the coronavirus pandemic casting serious doubt on the future of office buildings - Reuters reports. Slated to open in 2024, for a price tag of as much as $3 billion, the building at 270 Park Avenue is to house about 14,000 employees.

At 1,425 feet, it would be the second-tallest office building in Manhattan behind One World Trade Center, nearly 200 feet higher than the Empire State Building and 225 feet above the nearby Bank of America Tower, according to the Council on Tall Buildings and Urban Habitat.

JP Morgan