The House That Dimon Built: JPMorgan Plans Soaring HQ in Midtown
- Bank plans to consolidate locations into a bigger building
- Construction to begin next year to replace ‘outdated’ facility
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It will be the house that Jamie Dimon built -- a soaring monument to JPMorgan Chase & Co. and, in some ways, to its longtime CEO.
JPMorgan announced on Wednesday it will tear down its Park Avenue headquarters and construct a modern tower that will mark a new era for both midtown Manhattan and the lender. The monument to the success of the largest U.S. bank will set in motion a years-long logistical feat that in all likelihood will culminate just about the time that Chief Executive Officer Dimon, 61, hits retirement.