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With a bigger building, maybe JPMorgan Chase can rig more markets and get away with it
JPMorgan Sticks with Plan to Build Giant New York Headquarters
By David Henry and Herbert Lash
Reuters
Tuesday, October 13, 2020
NEW YORK -- 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.
"We're building that headquarters for 50 years! It is not a short-term decision," Dimon said during a call with reporters after posting quarterly results.
... Dispatch continues below ...
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Slated to open in 2024 with a price of as much as $3 billion, the building at 270 Park Ave. is to house about 14,000 employees.
At 1,425 feet it would be the second-tallest office building in Manhattan behind 1 World Trade Center, nearly 200 feet higher than the Empire State Building, and more than 400 feet above the nearby Bank of America Tower, according to the Council on Tall Buildings and Urban Habitat.
An illustration by Lewis Garrison, a 3-D architectural illustrator who likes to make video flyovers of skylines, envisions JPMorgan's new headquarters towering over Midtown Manhattan, a T-Rex in what might seem like a field of dinosaurs.
... For the remainder of the report and an artist's conception of the building:
https://www.reuters.com/article/us-jpmorgan-results-realestate/jpmorgan-...
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