JPMorgan Said to Plan Tripling Size of New York Technology Hub
- Bank said in talks to lease 300,000 additional square feet
- Firm’s tech hub located at 5 Manhattan West near Hudson Yards
Employees work at JPMorgan Chase & Co.'s. new technology hub across the street from the Hudson Yards development on Manhattan’s West Side in New York.
Photographer: Chris Goodney/BloombergJPMorgan Chase & Co., the biggest U.S. lender, is planning to more than triple the size of its technology hub in New York City to increase space for the bank’s coders and data engineers, a person with knowledge of the matter said.
The firm is in discussions with Brookfield Property Partners LP to lease an additional 300,000 square feet on the upper levels of 5 Manhattan West near Hudson Yards, said the person, who asked not to be identified because the plans aren’t public. The bank currently occupies about 125,000 square feet in the building. The talks are ongoing and could still fall apart, the person said.