
"JPMorgan Chase & Co. could soon leave its mark on the Boston skyline. The bank has applied to mount "JPMorgan" in 12-foot letters more than 650 feet above the city on South Station Tower, according to Bloomberg. If approved, the signage will join other a handful of other branded high-rise buildings in Boston, including the Prudential Tower and the John Hancock Tower."
"JPMorgan also plans to become the tower's largest tenant, and would lease 250,000 square feet of office space. The New York-based bank employs 2,200 people in Massachusetts, with its main Boston office currently operating out of Rowes Wharf in downtown Boston. It also has 89 retail locations statewide - all opened since 2018. South Station Tower, which includes 680,000 square feet of office space in all, currently has a 19% vacancy rate - nearly double its pre-pandemic level, Bloomberg reports."
"The 51-story tower, Boston's sixth tallest, also features a Ritz-Carlton branded residential section with 166 luxury condominiums and a small park for office users on the 11th floor. JPMorgan received the city's provisional approval for its signage design in October, but has yet to obtain a building permit, according to Bloomberg. On Oct. 31, the bank was permitted to test out select letters on the skyline spelling "ProM" to avoid revealing its plans during the trial run."
JPMorgan Chase & Co. plans to become the largest tenant at South Station Tower by leasing 250,000 square feet and seeking approval to mount 12-foot "JPMorgan" signage more than 650 feet above the city. The bank employs 2,200 people in Massachusetts and operates its main Boston office from Rowes Wharf; it has opened 89 retail locations statewide since 2018. South Station Tower has notable vacancy above pre-pandemic levels and incoming tenants include FM Global, Jones Day and Citadel. The 51-story building also contains Ritz-Carlton condominiums and an 11th-floor park. JPMorgan received provisional signage approval but still needs a building permit and tested letters spelling "ProM" on Oct. 31.
Read at Boston.com
Unable to calculate read time
Collection
[
|
...
]