The all-electric tower, located at 270 Park Avenue, will accommodate 10,000 employees by the end of the year.

Chief Executive Jamie Dimon, a staunch advocate for office-based work, was deeply involved in the project. The new headquarters is intended to attract and retain top talent by providing an “elevated experience” that makes the commute worthwhile. David Arena, JPMorgan’s head of global corporate real estate, described the building as a “recruitment tool,” stating, “a workplace needs to be a destination”.

To this end, the skyscraper boasts an array of modern amenities. These include biometric access, a building app for ordering food and reserving rooms, a drone port for deliveries, a Michelin-starred vegan restaurant, and an English-style pub. The tower features 50% more hospitality space than any previous JPMorgan property.

Sustainability was a key consideration in the construction. The building is New York City’s largest all-electric tower with net-zero operational emissions. Approximately 97% of the material from the previous building on the site was recycled and reused in the new structure.

The project has had a significant economic impact on New York City. Its construction employed 8,000 workers across 40 local unions, contributing $2.6bn (c. £1.95bn) to the city’s economy. A recent study found that JPMorgan Chase adds $42bn (c. £31.5bn) to the city’s economy annually and supports an additional 40,000 jobs in local industries.

The new headquarters is part of a broader global strategy. Over the last five years, the bank has upgraded 125,000 workstations in cities like Bangalore, Tokyo, and Paris, with another 75,000 planned for the next five years.