JPMorganChase Unveils Plans for New Winnetka Office Building

JPMorganChase unveiled plans for a new three-story Winnetka office building at the corner of Green Bay Rd and Elm St. (791 Elm St.), which will include a state-of-the-art Private Bank facility and a new Chase retail branch on the ground floor. The project will enable the bank to double its Winnetka-based Private Bank team to more than 50 employees, better serve customer needs, and reinforce the firm’s longtime commitment to the Village of Winnetka and greater North Shore community.

The new building will use sustainable building practices to create modern meeting spaces for employees and clients. The project is expected to be completed by mid-2026.

“J.P. Morgan Private Bank has proudly served the strategic private investing needs of the North Shore for more than 20 years,” said Jaime Freeman, Head of North Shore for J.P. Morgan Private Bank. “This long-term investment reaffirms our commitment to the Winnetka community, allowing us to grow our team at a superb location in the heart of this great region, helping our clients achieve their personal wealth goals.”

With more than 14,500 employees, JPMorganChase is one of Chicagoland’s largest employers and this investment will solidify its impact on North Shore community and local economy. Under Freeman, the local Private Bank team has doubled in size since 2022. The project will create 250 local construction jobs during the course of the construction, with 20% of the work planned to be awarded to local minority and women-owned businesses.

“Winnetka is more than a place where we do business – it is home to our customers, clients, and employees,” said Maria Holmes, Regional Director for Chase. “The Chase branch on the street level of this beautiful new facility will combine the personal service of a local bank with the world-class talent and services of a global financial institution.”

Transitional design, modern workplace

Standing at the most prominent corner in downtown Winnetka, the building will create a gateway to the village’s central business district. The architectural palette of limestone, brick, and glass materials on the exterior will reflect the pedestrian scale at the ground level and express rhythm and depth at the upper levels. The design style references traditional Art Deco buildings and carefully considers the context and character of the surrounding neighborhood to seamlessly integrate into the fabric of the community.

The new building will more than double the square footage of the former building to nearly 35,000 square feet of retail and office space across three floors and include 32 new parking spaces – most underground and protected from the elements.

The new Chase retail branch on the ground floor will combine a modern design, layout and state-of-the-art banking technology. Self-service transaction areas will be available, including one interior ATM and one exterior to the branch, which is accessible by debit card after hours. Upper floors will include Private Bank offices and a Client Center – a dedicated space to host clients and their families for personal wealth discussions, curated events, and meetings.

Demolition of the current building will begin in January. Throughout construction, Chase banking customers can visit nearby branches at 851 Spruce St. or 400 Central Ave. in Northfield. J.P. Morgan Wealth Management clients can meet with advisors at the Skokie and Glenview branch located at 50 Skokie Blvd. in Wilmette for their wealth management needs. In addition, Private Bank clients can meet with advisors at a temporary client center located at 565 Lincoln Ave. in Winnetka.

JPMorganChase has been serving clients in Chicagoland for more than 160 years and has been part of the city’s fabric since 1860 by supporting its residents and businesses, financing its schools, hospitals, infrastructure projects, and investing in its neighborhoods and people. Across Chicagoland, the firm currently serves more than 3 million customers and 354,000 small businesses through more than 275 local Chase branches.

Over the last three years in Chicago, the firm has committed $800 million in philanthropic and business investments to increase homeownership opportunities, accelerate wealth creation, help small businesses grow and expand financial health for local residents, specifically on the South and West sides. The firm has also provided more than $17 billion over the last five years to help finance Chicago’s essential institutions, including hospitals, schools, colleges, universities and other large corporations and employers.

About JPMorganChase

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $4.1 trillion in assets and $341 billion in stockholders’ equity as of June 30, 2024. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com