JPMorgan Chase announced the completion of the framing for its global headquarters at 270 Park Avenue with the raising of the final steel beam, a 1,388-foot structure. JPMorgan Chase Chairman & CEO Jamie Dimon, New York Governor Kathy Hochul, New York City Mayor Eric Adams, and local officials were present at the event. The headquarters will house approximately 14,000 employees upon completion.

The new JPMorgan Chase building is not only set to become a major employment hub but also an economic stimulator for the city. The forthcoming 60-story structure is anticipated to house approximately 14,000 employees. Throughout the construction phase, the project is set to generate over 8,000 construction jobs across 40 local unions, contributing to an additional economic impact of $2.6 billion for New York City, according to a press release by JPMorgan Chase.

Aside from its economic contribution, this project also symbolizes JPMorgan Chase's commitment to New York City. "JPMorgan Chase is proud to have called New York City home for more than 200 years and this building is a symbol of our long-term investment that will impact future generations of New Yorkers," said Dimon, according to a press release by JPMorgan Chase. "I am so proud of the exceptional and dedicated team of people who have worked through very challenging conditions to get the job done and complete this phase of the project."

Beyond serving as a workspace for thousands of employees, efforts were taken in designing enhanced ground-level outdoor spaces that cater well to residents and visitors alike. The building's design emphasizes enhanced ground-level outdoor spaces along Park and Madison Avenues, offering 2.5 times more space. This includes broader sidewalks and a substantial public plaza on Madison Avenue, featuring natural green spaces and amenities tailored for residents, employees, and visitors who frequent the neighborhood daily, according to a press release by JPMorgan Chase.

The project is viewed as a testament to the resilience of New York City's economy post-pandemic. "New York City has regained all of the jobs it lost during the pandemic – and we’re not stopping there," said Mayor Adams, according to a press release by JPMorgan Chase. "JPMorgan Chase and companies across the city are doubling down on New York City, because there’s no city on the planet with better talent, diversity, and opportunity for growth. This project has already generated $2.6 billion in economic activity and 8,000 good-paying union jobs, and we know that’s just the start because when companies bet on New York City, we all win."