Banking Giant To Bring More Than 300 Jobs To MA With Upcoming Move To South Station Tower

BOSTON, MA — The brand-new tower above Boston's South Station is getting a new tenant.

JPMorganChase announced it would relocate to the newly constructed South Station Tower beginning in early 2028, according to a news release. The major multinational banking institution will occupy more than eight floors and host up to 1,000 employees.

The bank said it also has plans to add more than 300 new jobs in the coming years across all lines of business, including opening new Chase branches across New England.

The South Station Tower, owned and developed by real estate investment manager Hines, is 51 stories tall and has 680,000 square feet of office space.

JPMorganChase said the relocation highlights the company's long-term commitment to Boston.

The company already employs more than 1,600 employees in Boston through its corporate offices and Chase bank branches. The firm also contributes more than $1,4 billion annual in local economic output, according to the news release.

“I’m thrilled to welcome JPMorganChase as a new headquarters anchor in our city at South Station Tower,” said Mayor Michelle Wu. “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.”

The new tower comes amid some expansion at South Station. The train station, which serves subway, bus, and Commuter Rail Lines, has undergone construction to expand its bus terminal, build a parking garage, and build the mixed-use tower.

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