JPMorganChase announces expansion plans in South Florida

JPMorganChase unveiled renovation and expansion plans for its Brickell office location in Downtown Miami, and announced it is opening a 13,000 square foot office in West Palm Beach, reinforcing the firm’s commitment to South Florida as one of its key strategic regions in the country. The firm’s expansion of its South Florida footprint is expected to trigger an average of $151M in 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. In addition, the firm will open a new 13,000 square foot office in West Palm Beach at 360 Rosemary to bring together more than 60 employees across many of its lines of business and functions who were previously sitting in a number of locations across Palm Beach County. 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 locations are among more than 20 J.P. Morgan Financial Centers to be opened across the country. Many of these locations were previously First Republic offices that will be converted into an entirely new experience, leveraging First Republic’s existing branch format. 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.