JPMorgan Unveils New 60-Story HQ in Manhattan

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00:00Three, two, one.

00:03JPMorgan Chase's new midtown Manhattan megatower is officially open to the public.

00:08Standing at 60 stories tall, 270 Park Avenue caps one of the most expensive construction projects in New York history.

00:16It's believed to have cost close to $5 billion and required the demolition of its old building,

00:22which was the tallest ever to be voluntarily knocked down in the U.S.

00:26The new all-electric building boasts of amenities, including a 13th floor pub called Morgan's

00:32and a fitness center that, as Bloomberg previously reported,

00:35was an uphill battle between executives and chairman and CEO Jamie Dimon.

00:40Now, the new building can be seen as a manifestation of JPMorgan's dominance over global finance

00:45and of Dimon's reign at the company.

00:47In fact, a major consideration when building was Dimon's return to office mandate.

00:52270 Park will fit about 10,000 workers, but it still won't be enough for its Manhattan workforce of 24,000.

01:00The next renovation project on the docket is for 383 Madison, which is just across the street from 270 Park.

01:06It will close at the start of the new year so they can cover the facade in glass and redo the interior

01:11and is slated to reopen at the end of 2027.