{"id":314258,"date":"2025-10-18T20:24:11","date_gmt":"2025-10-18T20:24:11","guid":{"rendered":"https:\/\/www.europesays.com\/us\/314258\/"},"modified":"2025-10-18T20:24:11","modified_gmt":"2025-10-18T20:24:11","slug":"jamie-dimon-was-the-master-architect-of-jpmorgans-new-3-billion-skyscraper-the-banks-real-estate-head-says","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/314258\/","title":{"rendered":"Jamie Dimon was the ‘master architect’ of JPMorgan’s new $3 billion skyscraper, the bank’s real estate head says"},"content":{"rendered":"

JPMorgan Chase\u2019s six-year-long process to deconstruct its headquarters in Midtown Manhattan and build up a new $3 billion skyscraper from its foundation is nearly completed, with Jamie Dimon and other execs taking an active part in its design.<\/p>\n

Architect Norman Foster, who\u2019s behind Apple\u2019s headquarters in California and Hearst Tower in Manhattan, said the project may top his previous work.<\/p>\n

\u201cIn terms of leisure, entertainment, lifestyle, I would say that every level of this tower pushes those boundaries further than anything we\u2019ve done before,\u201d he told<\/a> The Wall Street Journal on Friday.<\/p>\n

But Dimon essentially acted as the building\u2019s \u201cmaster architect,\u201d David Arena, the bank\u2019s head of real estate, told The Journal.<\/p>\n

Other JPMorgan execs were intimately involved in the design process, Dimon told The Journal.<\/p>\n

Doug Petno, co-head of commercial and investment banking, was tasked with looking at the ground floor and lobby. Mary Erdoes, head of asset and wealth management, and Marianne Lake, the consumer head, planned office floors and client spaces. And Erdoes joined former president Daniel Pinto to look at the executive floor.<\/p>\n

The 60-story building at 270 Park Avenue is also home to 19 restaurants, as well as coffee shops, a company store, a gym and Morgan\u2019s, an English pub, The Journal reported.<\/p>\n

Some execs feared the headquarters\u2019 sky-lobby looked more like a mall than an office building. So Dimon asked Rick Caruso, a billionaire Los Angeles developer of high-end shopping centers, for advice on how to make the space lined with retail and eateries appear more professional, according to The Journal.<\/p>\n

\"TheThe JPMorgan tower at 270 Park Avenue takes up a whole block.<\/p>\n

Michael Nagle\/Bloomberg via Getty Images<\/p>\n

For nearly 20 years, Dimon has been the chief executive of the country\u2019s largest bank. He recently emphasized the importance of in-person work during an expletive-laced rant<\/a> to employees. His answer to workers hesitant to work in-office? Build one they can hardly refuse.<\/p>\n

The building, which spans a city block and plans to hold 10,000 employees at full capacity, opened in late August, and designer Foster + Partners announced<\/a> Sept. 10 that construction had wrapped up.<\/p>\n

But it won\u2019t be complete until next year.\u00a0Dimon and other execs don\u2019t expect the upper-floor offices for them to be ready until Christmas, The Journal reported. A not-yet-opened trading floor has rows of wooden desks still covered in blue masking tape, the Friday report said.<\/p>\n

As more employees filter into the building next year, the $3 billion investment reflects Dimon\u2019s broader bet on the future of office life, built on the conviction that real culture and creativity thrive only when people work side by side.<\/p>\n","protected":false},"excerpt":{"rendered":"JPMorgan Chase\u2019s six-year-long process to deconstruct its headquarters in Midtown Manhattan and build up a new $3 billion…\n","protected":false},"author":3,"featured_media":314259,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[32],"tags":[648,1032,64,18313,9886,71677,87329,1033,171,57411,21279,16672,3457,403,6766,34815,25852,67,132,68,105914,22171],"class_list":{"0":"post-314258","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-arts-and-design","8":"tag-arts","9":"tag-arts-and-design","10":"tag-business","11":"tag-chief-executive-officer-ceo","12":"tag-construction","13":"tag-corporate-culture","14":"tag-corporate-leadership","15":"tag-design","16":"tag-entertainment","17":"tag-investment-banking","18":"tag-jamie-dimon","19":"tag-jpmorgan-chase","20":"tag-leadership","21":"tag-new-york-city","22":"tag-remote-work","23":"tag-return-to-office","24":"tag-success","25":"tag-united-states","26":"tag-unitedstates","27":"tag-us","28":"tag-view-from-the-c-suite","29":"tag-workers"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115397045134386399","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/314258","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=314258"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/314258\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/314259"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=314258"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=314258"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=314258"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}