Jamie Dimon went to great lengths to entice bankers to return to the office and encourage them to work extended hours.
TL;DR
- JPMorgan Chase's new $3 billion skyscraper at 270 Park Ave offers extensive amenities to encourage office returns.
- The 60-story headquarters features 19 dining options, coffee ordering via app, and 24/7 operation.
- Designed by Norman Foster, the building aims to be a recruitment tool and future blueprint for global offices.
JPMorgan Chase's new $3 billion skyscraper at 270 Park Ave in Midtown Manhattan features numerous amenities aimed at encouraging full-time office workers to return to the workplace, such as 19 dining establishments and an A selection of coffee vendors accessible for ordering via a building's dedicated application.
This week marks the opening of the new 60-story headquarters, which will accommodate up to 10,000 employees when operating at its maximum capacity. In addition to a gym and a company store, the tower features biometric access and operates around the clock. David Arena, the head of global corporate real estate at the bank, told CNBC the new HQ will serve as a blueprint for the global bank’s future offices worldwide.
“We tried to future-proof the building,” Arena said Tuesday.
Norman Foster, the architect behind Apple's California headquarters and Manhattan's Hearst Tower, suggested this new endeavor could surpass his prior creations. He told The Wall Street Journal last week: “In terms of leisure, entertainment, lifestyle, I would say that every level of this tower pushes those boundaries further than anything we’ve done before.”
On-site dining choices include Morgan’s, an English pub, a Michelin-starred vegan eatery, and a cafe offering protein shakes from An Airstream trailer, as reported by CNBC. According to Arena, the tower offers 50% more hospitality space compared to any prior JPMorgan development.
JPMorgan's headquarters, undergoing a six-year renovation, showcases Dimon's commitment to in-person teamwork, a factor he considers vital for creativity and young worker development.
Last week, Dimon informed The Journal that he and other executives were deeply involved in the building's design. Arena described Dimon as the building’s “master architect.”
A strong advocate for in-office work over remote, Dimon has overseen JPMorgan's renovation of 125,000 global workspaces in the last five years, with an additional 75,000 planned. Dimon stated that the new headquarters establishes the gold standard. “We think of the building as a recruitment tool,” Arena told CNBC. A workplace should be a place people want to go, making the commute worthwhile. It's designed to offer a superior experience for staff, clients, and guests alike.