PMorgan Chase Unveils New Net-Zero Emissions Headquarters Plan in New York City

JPMorgan Chase unveiled the design for its new avant-garde global headquarters at 270 Park Avenue, reassuring its commitment to New York City.

The skyscraper stands 1,388-foot tall, covering 60 floors, and is designed by Foster + Partners. It will be New York City’s largest all-electric tower with net-zero operational emissions and exceptional indoor air quality that exceeds the highest standards in sustainability, health, and wellness.

This is the first project under New York City’s innovative Midtown East Rezoning Plan, which pushes for modern office construction and improvements to the business district’s public realm and transportation.

With this new headquarters commitment, JPMorgan Chase will remain one of New York’s largest employers and continue to make a significant impact on the local economy.

During its development period, the project will create more than 8,000 construction jobs from across 40 local unions – triggering additional economic activity of $2.6 billion for New York City and $3.6 billion for New York State overall.

The new building will have the capacity to hold 14,000 employees, a large upgrade from the outdated facility designed in the late 1950s for about 3,500 employees. It will offer 250% more outdoor space on the ground level of Park and Madison Avenues.

The headquarters will be New York City’s largest all-electric skyscraper with net-zero operational emissions and will be fully powered by renewable energy sourced from a hydroelectric plant in New York State.

The firm recycled, reused, or upcycled 97% of the building materials from the demolition – far exceeding the 75% requirement of the leading green building standard.

Jamie Dimon, Chairman and Chief Executive Officer, JPMorgan Chase, said, “With our new headquarters, JPMorgan Chase is making a long-term investment in our business and New York City’s future while ensuring that we operate in a highly efficient and world-class environment for the 21st century. We are extremely excited about the building’s state-of-the-art technology, health and wellness amenities, and public spaces, among many other features. It is in the best location in one of the world’s greatest cities.”