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JPMorgan seeks to attract staff with $3 billion skyscraper in New York
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JPMorgan seeks to attract staff with $3 billion skyscraper in New York
Oct 21, 2025 3:41 AM

NEW YORK, Oct 21 (Reuters) - As JPMorgan Chase

opens its new 60-story, $3 billion headquarters in Midtown

Manhattan this week, the bank hopes its modern amenities will

help recruit more employees.

The tower can accommodate 10,000 workers and will serve as a

model for the company's future offices worldwide, said David

Arena, the head of global corporate real estate for the largest

U.S. lender.

"We tried to future-proof the building," Arena said.

The new site on Park Avenue will have biometric access and a

building app that allows employees to order food and reserve

meeting rooms. It will also have a drone port for package

deliveries.

Amenities in the new skyscraper include a Michelin-starred

vegan restaurant, a cafe serving protein shakes from an

Airstream trailer and an English-style pub. The tower has 50%

more hospitality space than any previous JPMorgan ( JPM ) property,

Arena said.

The bank has upgraded 125,000 workstations in Bangalore,

Tokyo, Paris and Mexico City in the last five years, with 75,000

more planned over the next five years.

CEO Jamie Dimon has been a prominent advocate of working from

the office rather than at home. The new headquarters, including

revamped workstations, are meant to attract and retain talent.

"We think of the building as a recruitment tool," Arena

said. "A workplace needs to be a destination, it needs to be

commute-worthy. It needs to provide an elevated experience for

employees, for clients and for visitors."

About 97% of the material from the bank's demolished old

building, which stood on the same site, was recycled. The new

structure was built with sustainability in mind, including use

of recycled metals and other materials.

JPMorgan ( JPM ) is one of the largest employers in New York City.

Construction of the headquarters required 8,000 workers and

added $2.6 billion to the city's economy, the bank said last

year.

The building's completion is an important milestone for

Dimon, the longest-serving leader among the nation's biggest

banks. The 69-year-old CEO was deeply involved in the details of

the project, Arena said.

Earlier this year, Dimon said JPMorgan's ( JPM ) succession plans remain

unchanged, reiterating his intention to step down within five

years without giving a more specific timeline.

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