Real Estate

JPMorgan Plans Major Revamp of Madison Avenue Skyscraper

  • Firm is still building new headquarters space on Park Avenue
  • Renovation will allow bank to have even more NYC offices

383 Madison Avenue in New York.

Photographer: Robert Caplin/Bloomberg

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JPMorgan Chase & Co. is planning a renovation of its old headquarters building at 383 Madison Ave. and will use the space to house Manhattan-based employees alongside its new tower, according to people familiar with the matter.

The bank has hired Foster + Partners to do the renovation, which will begin after its new headquarters at 270 Park Ave. is open, the people said, asking not to be identified citing private information.