What’s going on here?
JPMorgan Chase just opened its $3 billion, 60-story headquarters in Midtown Manhattan, raising the bar for what top-tier office spaces can offer—and what top talent might expect.
What does this mean?
JPMorgan Chase’s new headquarters, built to house 10,000 employees, takes aim at reinventing the workplace. Packed with future-focused features—think biometric entry, a drone port, and an all-in-one app for everything from food orders to meeting bookings—the tower blends luxury perks with serious sustainability chops. Around 97% of materials from the old site were recycled, landing it among New York’s greenest buildings. While hybrid work has staying power, Wall Street’s biggest bank is betting that on-site Michelin-level dining and pubs will make coming into work irresistible. The result: a project that created 8,000 construction jobs, injected $2.6 billion into the local economy, and reaffirmed JPMorgan’s place as a cornerstone of NYC’s business scene.
Why should I care?
For markets: Prime real estate gets a new lease on life.
Despite record-high office vacancies across the US—now close to 20%—JPMorgan Chase is making a bold bet on the enduring value of physical offices. The banking giant’s splashy investment points to ongoing demand for high-quality, flexible workspaces in key sectors. With recent upgrades to 125,000 workstations and another 75,000 on the way, companies that want to nab top talent are rethinking office investments rather than writing off real estate entirely.
The bigger picture: Green, smart, and built to inspire.
This new headquarters isn’t just a statement piece—it’s a template for the post-pandemic workplace, where sustainability targets and premium employee experiences walk hand in hand. As cities and firms worldwide search for ways to spark downtown revivals, JPMorgan Chase’s investment shows how refreshing physical offices can breathe new life into urban economies and shift the narrative around in-person work. The move also reflects a broader trend among big employers to align their offices with future leadership and workforce expectations.
Introducing Meanwhile
What do bitcoin and life insurance have in common?
Very little… Except that together, they could help secure your family’s financial future
Meanwhile has brought these two worlds together, creating the first life insurance policies entirely denominated in bitcoin. So now, you can protect and grow long-term wealth while staying fully within the bitcoin economy.
That first-of-its-kind model just earned Meanwhile $82 million in new funding from some of the biggest names in finance and crypto – led by Bain Capital Crypto and Haun Ventures, with early backing from OpenAI’s Sam Altman.
Come and meet the founder behind it all: Meanwhile CEO Zac Townsend will be speaking at our Modern Investor Summit this December.