Real Estate

Exclusive: JP Morgan Chase begins moving thousands into its Legacy West campus (Video)

The first of thousands of JP Morgan Chase & Co. (NYSE: JPM) will begin moving into the company’s new regional campus in Plano’s Legacy West by the end of the week — with the initial group of employees moving into the new campus from Lewisville.

The financial giant plans to move a few hundred employees at a time, with more than 3,000 people expected to work at the new 1 million-square-foot campus by the end of the year.

"We’ve worked closely with our people to make sure everything goes smoothly," said Steve Hemperly, head of mortgage originations and location leader for JP Morgan Chase. "We’re excited to share this new space with our North Texas colleagues. This new campus offers an event better work environment for our employees."

By 2019, JP Morgan Chase expects to employ roughly half of its North Texas workforce — or about 6,000 employees — in the campus. The Plano hub will be the company’s biggest employment site in the region.

Last month, JP Morgan Chase’s Chief Administrative Officer David Owen said the Plano campus is a key example of how the financial services’ firm wants to manage its future office operations.

"We like to invest in top-notch office buildings and we like having campuses where we have a critical mass of employees," Owen said, in the interview. "We like to put in great amenities and we like this model. We will get this one under our belt and focus on what happens next."

JP Morgan Chase also has a significant presence in downtown Dallas, as well as about 3,500 employees in Fort Worth.

Officials say the recently completed Plano campus gives JP Morgan Chase employees a high-performance workplace with new ways to work and collaborate together. With campus construction still wrapping up, JP Morgan Chase was not immediately able to show off their new digs.

The campus will be powered in part by wind energy and JP Morgan Chase is also exploring options to use solar panels on the new facility.

Toyota North America, one of the company’s Legacy West neighbors, decided to use solar panels on its newly completed 100-acre campus.

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