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JPMorgan Chase drops plans to build HQ on West Side Manhattan

It's staying on the East Side after failing to strike a land deal with Related Cos

Published Wed, Oct 29, 2014 · 09:50 PM
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New York

THE possibility that JPMorgan Chase would build a two-towered, US$6.5 billion headquarters on the Far West Side of Manhattan streaked across the skyline in recent weeks, only to die quietly on Tuesday.

Jamie Dimon, chairman of Chase, called Mayor Bill de Blasio and Governor Andrew Cuomo on Tuesday to say that the country's largest bank had decided to stay put on the East Side.

The bank had created a sensation by exploring a proposal to build a 62-storey skyscraper and a second 40-store…

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