JPMorganChase doubles down on its commitment to San Francisco

• Plans to expand and renovate its local offices at 560 Mission Street and One Front Street.
• Commits $3.8 million in philanthropic support in 2025 to boost the downtown economy, support small business growth, and bring residents and visitors back to downtown.
• Independent study shows JPMorganChase contributes $1.2 billion annually to the city’s economy, stimulating an additional 750 jobs across local industries.
• Firm plans to open seven J.P. Morgan Financial Centers in the Bay Area by year-end 2025.
• J.P. Morgan Healthcare Conference will return to downtown San Francisco in 2026.

JPMorganChase announced today that it is doubling down on its commitment to San Francisco by expanding and renovating its local offices at 560 Mission Street and One Front Street. The firm is also providing $3.8 million in new philanthropic support to boost the downtown economy that will support small business growth, help bring residents and visitors back to downtown, and restore the vibrancy of its streets.

JPMorganChase is set to expand its presence at 560 Mission Street to nearly 280,000 square feet, establishing it as the local headquarters and accommodating over 1,600 employees. As part of this expansion, the building will be renamed to the JPMorganChase Center. It is owned and managed by CommonWealth Partners. Additionally, the company will maintain approximately 125,000 square feet at One Front Street, which is owned by Paramount Group. The firm is investing in renovations at both locations to transform them into modern, state-of-the-art workplaces for employees and clients.

With these investments, JPMorganChase will continue to be one of the city’s largest employers, with nearly 7,000 employees in the Bay Area, and will help revitalize the city’s core by attracting top talent and boosting the local economy. An independent study by Vista Site Selection found that JPMorganChase’s local employees and operations contribute $1.2 billion annually to San Francisco’s economy, stimulating an additional 750 jobs across various local industries. The renovation projects alone are expected to create nearly 500 local construction jobs.

“San Francisco is a key growth market for JPMorganChase and we have been hard at work with local leaders, partners, and clients to understand how we can best deploy our resources and expertise to power continued economic growth across the city,” said Tim Berry, Global Head of Corporate Responsibility for JPMorganChase. “Working in close consultation with these local stakeholders, we’ve developed a firmwide strategy to support the city’s downtown revitalization. Through our business and philanthropy investments, we are creating over $1.2 billion in economic growth for San Francisco to boost the downtown economy, support local businesses, create jobs, and bring workers, residents and visitors back to the city.”

“JPMorganChase is showing the kind of partnership San Francisco needs," said San Francisco Mayor Daniel Lurie. “By renaming and renovating 560 Mission as the JPMorganChase Center, they’re making a clear bet on our city’s future. My administration is focused on creating the conditions for growth downtown – through safer, cleaner streets and reforms to make permitting faster. The message is getting out, and San Francisco is on the rise.”

Redefining the modern workplace

JPMorganChase’s newly renovated offices will offer employees and clients top-tier hospitality and workplace experiences, featuring refurbished work floors equipped with state-of-the-art technology and furniture, collaborative workspaces, updated meeting rooms, pantry area, as well as prayer and maternity rooms.

The renovation and expansion of the JPMorganChase Center will be highlighted by the addition of JPMorganChase’s logo prominently displayed on the building’s ground floor exterior and other key locations, symbolizing the firm’s enduring presence and future aspirations in San Francisco. Originally opened in 2002, the building will undergo renovations to expand JPMorganChase’s leased area by over 65,000 square feet, bringing the total to nearly 280,000 square feet. The building also features a fitness center, café, and dining area for tenants and is considered one of the premier assets buildings in San Francisco.

“CommonWealth Partners, through its ownership, investment and management of 560 Mission Street for the past 15 years, has a long-term commitment to the city of San Francisco and is thrilled to be a part of its continuing success moving forward in partnership with our highly valued customer JPMorganChase,” said Brett Munger, CEO and Managing Partner of CommonWealth Partners. “Together we are committing to a significant investment into the property for JPMorganChase to deliver advanced standards of wellness, sustainability and vitality to support the firm’s business for years to come.”

Our Commitment to Downtown San Francisco

JPMorganChase recognizes its business is only as strong as the communities it serves and has spent significant time with partners and leaders across the Bay Area to strategically deploy its resources in support of the city’s economic revitalization. Given downtown San Francisco’s role as a critical engine of the city’s economy, the firm recognizes that a vibrant city economy depends on a strong downtown comeback.

The firm is working with other companies to pave the way for a more vibrant future for downtown San Francisco, including through the Downtown Volunteer Coalition, focused on engaging the firm’s employees to beautify San Francisco, and through $3.8 million in new philanthropic support to provide small businesses with loan capital and technical assistance, help them establish tenancy in vacant storefronts, and reduce costs for them to open and expand. The new support for Main Street Launch’s Downtown San Francisco Vibrancy Loan Fund, SF New Deal’s Small Business Storefront Accelerator, and the San Francisco Bay Area Planning and Urban Research Association will also support Chinatown Community Development Center’s efforts to preserve and develop affordable housing and support the recovery of small businesses in San Francisco’s Chinatown neighborhood.

As part of these efforts, JPMorganChase will continue sponsoring a range of initiatives helping bring residents and visitors back to downtown, from the Advance SF’s Clean & Safe Streets Program and the SF Chamber of Commerce’s Safety Workshops Initiative to Downtown First Thursdays and Winter Walk.

JPMorganChase is also an executive member of AdvanceSF and a founding member of Partnership for SF. Both initiatives are rooted in promoting San Francisco as a world class destination with a growing economy where businesses, innovation and communities thrive.

JPMorganChase in San Francisco

With more than 2.8 million consumer customers, over 230,000 business clients, and nearly 7,000 employees, JPMorganChase has been serving the San Francisco Bay Area for over 120 years. The firm’s long-term and growing commitment to the San Francisco Bay Area includes a previous 5-year, $75 million philanthropic commitment that helped provide over 500 households with access to affordable housing, empowered nearly 7,000 small businesses, and supported 5,000 individuals with jobs and skills and financial health support programs, including 3,500 underserved individuals in tech.

JPMorganChase inaugurated its flagship J.P. Morgan Financial Center at 111 Pine Street in San Francisco in October 2024, as part of its commitment to expand its affluent banking offering following its acquisition of First Republic Bank. The Financial Centers are designed to deliver a high-touch financial experience, backed by the global capabilities of JPMorganChase. Plans call for six additional centers throughout the Bay Area by the end of 2025, and a total of 31 by the end of 2026 in prominent California, New York, Massachusetts and Florida locations.

JPMorganChase is a proud sponsor of Chase Center—home to the Golden State Warriors and Golden State Valkyries. Since 1989, the firm has hosted the J.P. Morgan Corporate Challenge, a 3.5-mile running event in San Francisco that connects thousands of participants from the broader Bay Area business community each year. It hosts the annual J.P. Morgan Healthcare Conference in the heart of downtown San Francisco, which generated nearly $104 million in economic growth for the city in 2025. The conference will return to downtown San Francisco in 2026.

About JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $351 billion in stockholders’ equity as of March 31, 2025. 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.

Media Contacts

Peter Kelley
JPMorganChase Regional Communications, California
peter.kelley@jpmchase.com