Tall & Urban News

Final Steel Beam Raised at New York Global Headquarters

Photo: Foster + Partners
Photo: Foster + Partners
21 November 2023 | New York City, United States

JPMorgan Chase Chairman & CEO Jamie Dimon, along with New York Governor Kathy Hochul, New York City Mayor Eric Adams, and local officials, gathered on-site today as the final steel beam was raised to complete the framing for JPMorgan Chase's new 423-meter (1,388-foot) global headquarters at 270 Park Avenue. The 60-story building is anticipated to open by the end of 2025. 

The construction effort engaged more than 300 Local 40 ironworkers, alongside hundreds of engineers, crane operators, and construction workers, collaborating over three years to erect the steel frame. Notably, 93% of the structural steel is recycled.

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JPMorgan Chase, a significant contributor to New York City's economy, is set to house approximately 14,000 employees in its new global headquarters. The construction phase alone will generate over 8,000 jobs across 40 local unions, leading to an additional economic impact of $2.6 billion (USD) for New York City. 

The construction project is overseen by AECOM Tishman, with New York City Constructors managing the frame's installation, and Severud Associates serving as the structural engineer. 

Designed by Foster + Partners, the 60-story skyscraper is set to redefine the modern workplace. It will be New York City's largest all-electric tower, boasting net zero operational emissions and exceptional indoor air quality that exceeds the highest sustainability, health, and wellness standards. The building, equipped with 21st-century infrastructure and smart technology, offers 232,258 square meters (2.5 million square feet) of flexible and collaborative space designed to adapt to the evolving dynamics of the future of work. 

Read more about this story at JPMorgan Chase & Co.