Jamie Dimon was the 'master architect' of JPMorgan's new $3 billion skyscraper, the bank's real estate head says | Fortune
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Jamie Dimon was the 'master architect' of JPMorgan's new $3 billion skyscraper, the bank's real estate head says | Fortune
"JPMorgan Chase's six-year-long process to deconstruct its headquarters in Midtown Manhattan and build up a new $3 billion skyscraper from its foundation is nearly completed, with Jamie Dimon and other execs taking an active part in its design. Architect Norman Foster, who's behind Apple's headquarters in California and Hearst Tower in Manhattan, said the project may top his previous work."
"But Dimon essentially acted as the building's "master architect," David Arena, the bank's head of real estate, told The Journal. Other JPMorgan execs were intimately involved in the design process, Dimon told The Journal. Doug Petno, co-head of commercial and investment banking, was tasked with looking at the ground floor and lobby. Mary Erdoes, head of asset and wealth management, and Marianne Lake, the consumer head, planned office floors and client spaces. And Erdoes joined former president Daniel Pinto to look at the executive floor."
JPMorgan Chase completed a six-year reconstruction of its Midtown Manhattan headquarters, replacing the former building with a new $3 billion, 60-story tower at 270 Park Avenue. Jamie Dimon and other senior executives were deeply involved in design decisions, with Dimon acting as a de facto master architect and leaders assigned to areas like the lobby, office floors, client spaces, and the executive level. Architect Norman Foster said the project pushes boundaries in leisure, entertainment, and lifestyle at every level. The tower houses 19 restaurants, coffee shops, a company store, a gym, and an English pub, and will accommodate roughly 10,000 employees at full capacity. Executives sought input to ensure the sky-lobby's retail and eateries appear professional rather than mall-like.
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