JPMorgan Chase officials on Tuesday held a ribbon cutting to mark the official completion of the company’s 1,389-foot supertall headquarters at 270 Park Avenue in Midtown East. Designed by Lord Norman Foster of Foster + Partners and developed by Tishman Speyer, the 60-story skyscraper yields 2.5 million square feet of office space with a capacity of 14,000 employees, and is the tallest structure in New York completely powered by upstate hydroelectric energy.

Adamson Associates was the architect of record, Skidmore, Owings & Merrill designed eight expansive trading floors spanning 500,000 square feet that can accommodate 4,000 traders, and Gensler was the workplace designer for the $3 billion project, which occupies a full city block bounded by East 48th Street to the north, East 47th Street to the south, Park Avenue to the east, and Madison Avenue to the west.

Speakers at the ceremony included Jamie Dimon, chairman and CEO of JPMorgan Chase; Lord Norman Foster of Foster + Partners; Rob Speyer, president and CEO of Tishman Speyer; David Arena, global head of real estate at JPMorganChase; and several New York State officials.

All remaining construction has concluded on the public plaza since our last update in late August, particularly on the rock walls flanking the western entrance to the lobby and elevator cores. Outdoor tables are scattered around the newly planted trees, and benches are built into the walls of the raised garden beds.

The hoist is also continuing its disassembly from the northern elevation, and should be fully removed over the course of the next couple months.

The entrance to Grand Central Madison remains closed at the southwestern corner of the block. It is unclear when this stairwell will be opened.

The JPMorgan Chase Tower was expected to generate more than 8,000 jobs by the end of construction, spanning 40 local unions and producing $2.6 billion of economic activity for New York City. JPMorgan Chase is also expected to contribute $29.8 billion annually to the city’s economy and stimulate an additional 40,000 jobs across local industries.

Building systems include sensors, AI, and machine learning for energy optimization, triple-pane glazing with automated shading, and enhanced fresh-air delivery. The SOM-designed trading floors are located at the base of the tower with two-floor suites, a double-height atrium, a work cafe, a central conference room, and smaller meeting areas and pantries around the perimeter.

“JPMorgan Chase Tower signals the future of workplace design, and it all starts with the individual and creating a sense of belonging. Workstations are designed to maximize each employee’s day-to-day experience while collectively supporting teams to do their best work. Protected backdrops make virtual meetings feel intentional, team-based clusters bring people together so that mentorship is a natural part of the workday, and double-height cafés link together adjacent floors to create two-story communities where employees can gather and engage – all of this adds up to a new office tower filled with the best practices and latest thinking in how people and organizations work today and into the future.”

Office amenities are headlined by a Danny Meyer-catered food hall from Union Square Hospitality Group with 19 dining options on the upper floors, as well as a health and wellness center operated by Exos with yoga/cycling rooms and physical therapy. Other features include medical services, mother’s rooms, prayer rooms and meditation spaces, and a coffee-tracking system for desk-side deliveries. JPMorgan Chase services and wayfinding are also available through a dedicated workplace app.

Find out more at New York YIMBY