JPMorganChase to Anchor South Station Tower in Downtown Boston

Financial giant to relocate over 1,000 employees to new state-of-the-art office space, boosting city's economy

Mar. 17, 2026 at 10:04am

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JPMorganChase announced plans to relocate its Boston operations to the newly constructed South Station Tower beginning in 2028. As the anchor commercial tenant, the firm will occupy over 8 floors and accommodate up to 1,000 employees, with plans to add hundreds of new jobs in the coming years. The move underscores JPMorganChase's long-term commitment to Boston and will serve as a hub for the firm's continued growth in the region, supporting clients in key sectors.

Why it matters

This move by JPMorganChase, one of the world's largest financial institutions, represents a significant investment in downtown Boston's economic future. It will bring hundreds of new high-paying jobs to the city, strengthen the downtown core, and reinforce Boston's standing as a premier destination for global companies to grow their operations.

The details

JPMorganChase's expansion in Boston includes plans to add more than 300 new jobs over the next several years across all lines of business. The firm will also continue to open new Chase branches across New England, reflecting its ongoing investment in the region. Located in the heart of Boston's financial district and directly above the region's busiest transit hub, the South Station Tower offers unrivaled connectivity, world-class amenities, and high-performance sustainable design.

  • JPMorganChase plans to relocate to South Station Tower beginning in early 2028.

The players

JPMorganChase

A leading financial services firm based in the United States with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billion in stockholders' equity as of December 31, 2025.

Hines

A leading global real estate investment manager that owns and operates $91.8 billion of assets across property types and on behalf of a diverse group of institutional and private wealth clients.

APG Asset Management

The largest pension services provider in the Netherlands, managing approximately €590 billion in pension assets for 4.6 million participants.

Dune Real Estate Partners

A New York City-based real estate investment firm executing a strategy focused on high yielding real estate equity investments resulting from capital markets dislocation, primarily in the United States.

Mayor Michelle Wu

The current mayor of Boston.

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What they’re saying

“I'm thrilled to welcome JPMorganChase as a new headquarters anchor in our city at South Station Tower. This investment will bring hundreds of new jobs, strengthen our downtown, and reinforce Boston's standing as a place where global companies choose to invest and grow.”

— Mayor Michelle Wu

“We are excited to deepen our roots in Boston and invest in the city's future. The move to South Station Tower represents a new chapter for our firm in Boston and in New England, providing a dynamic environment for our teams and reinforcing our commitment to supporting economic growth and opportunity in the city and across the region.”

— Rick MacDonald, New England Region Manager for Commercial Banking, J.P. Morgan

“This move will allow us to bring more of our growing team under the same roof. We believe South Station Tower will not only enhance our ability to serve clients and attract top talent, but also contribute to the city's ongoing growth and vibrancy.”

— Dan Curtin, New England Market Manager at J.P. Morgan Private Bank and Vice-Chair of the New England Market Leadership Team

What’s next

JPMorganChase plans to begin relocating employees to the new South Station Tower location in early 2028.

The takeaway

JPMorganChase's decision to anchor the new South Station Tower in downtown Boston represents a major vote of confidence in the city's economic future. The influx of over 1,000 high-paying jobs, along with the firm's continued investment in the region, will help drive growth, innovation, and opportunity for Boston's residents and businesses.