JPMorganChase unveiled renovation and expansion plans for its Brickell office location in Downtown Miami. The bank is also opening a 13,000-square-foot office in West Palm Beach at 360 Rosemary. The firm’s expansion of its South Florida footprint is expected to trigger an average of $151 million in additional economic activity for South Florida and support about 380 local construction jobs per year during the construction period.
The firm’s downtown Miami office will double in size from 80,000 square feet to 160,000 square feet in part to accommodate 400 additional employees. The office currently includes more than 500 employees across all of JPMorganChase’s lines of business and functions. The two-year project will also renovate and expand the firm’s Miami Client Center to create a world-class meeting and function space to host client and employee events. This investment in the Brickell office includes refurbished work floors with state-of-the-art technology and furniture, updated meeting rooms, common spaces, restrooms and pantry areas.
“Miami and South Florida are home to an increasing number of our clients, customers, community partners and employees, and a strategic location for our operations in Latin America as well,” Jonathan Bello, head of Chase for Business Miami and co-chair of the firm’s South Florida market leadership team, said. “Like our investment with Inter-Miami CF to create Chase Stadium, these expansions reflect the opportunity that this area represents as well as our commitment to be the bank for all in South Florida.”
In addition to its corporate office expansions, the firm will be opening three J.P. Morgan Financial Centers in Palm Beach, Jupiter and Palm Beach Gardens early next year.
“These new centers will serve clients across banking, lending and wealth, and will offer the best of both worlds – the strength and scale of JPMorganChase and First Republic’s commitment to exceptional client service,” Jen Roberts, CEO of Chase Consumer Banking, said.
In addition to its growth in South Florida, the firm is also adding new offices in Melbourne, Sarasota and Fort Myers, and is in the midst of executing a significant investment in its Tampa Corporate Center offices.
