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Old 03-30-2017, 03:12 PM
 
Location: Phoenix
5,361 posts, read 7,056,012 times
Reputation: 3973

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Quote:
JPMorgan Chase & Co. is developing a big new 67-acre campus in Tempe with plans of eventually locating more 4,000 jobs there.

Chase (NYSE: JPM) will land the big campus at the Discovery Business Campus at Elliot Road and the Loop 101 freeway. The bank will be shifting a number of jobs from the Chase Tower in downtown Phoenix to the new Tempe campus.
http://www.bizjournals.com/phoenix/n...landing-4.html
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Old 03-30-2017, 03:18 PM
 
3,248 posts, read 6,802,874 times
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Quote:
Originally Posted by AZLiam View Post

Does it say what the net add of jobs will be? I can't get past the paywall. Good news for the area, the Price Corridor is turning into a financial hub with Wells Fargo, Bank of America, GM Financial, Nationstar and others having large campuses. Wells Fargo is planning a big expansion with mid rise buildings to accommodate everyone.
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Old 03-30-2017, 03:23 PM
 
Location: Casa Grande, AZ (May 08)
1,490 posts, read 3,342,702 times
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Quote:
Originally Posted by asufan View Post
Does it say what the net add of jobs will be?
Yeah its subscriber content only - but no - other than saying there are 2000 in Downtown now and about 1200 of them will move to the new buildings at some point. Doing the math that means 2800 net?? Right?
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Old 03-30-2017, 03:28 PM
 
Location: Phoenix
5,361 posts, read 7,056,012 times
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Quote:
Originally Posted by asufan View Post
Does it say what the net add of jobs will be? I can't get past the paywall. Good news for the area, the Price Corridor is turning into a financial hub with Wells Fargo, Bank of America, GM Financial, Nationstar and others having large campuses. Wells Fargo is planning a big expansion with mid rise buildings to accommodate everyone.
It doesn't state specifically, but it does mention that "a number of jobs" from Chase Tower downtown will shift over to the new campus and that there are around 2,000 Chase employees currently working in downtown Phoenix. I didn't see anything about 1200 jobs moving though. I would hate to see so many jobs leave downtown Phoenix.
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Old 03-30-2017, 03:42 PM
 
Location: Casa Grande, AZ (May 08)
1,490 posts, read 3,342,702 times
Reputation: 1159
Quote:
Originally Posted by AZLiam View Post
It doesn't state specifically, but it does mention that "a number of jobs" from Chase Tower downtown will shift over to the new campus and that there are around 2,000 Chase employees currently working in downtown Phoenix. I didn't see anything about 1200 jobs moving though. I would hate to see so many jobs leave downtown Phoenix.
Hmmm....you are right on my re-read - but I am pretty sure they had a paragraph above this one before:

"Chase will keep some operations in downtown Phoenix. It has 2,000 workers in downtown Phoenix. Chase Tower is the tallest building in the state."

Otherwise I am not sure where I would have pulled 1200 out of my head from. Maybe they backed off that or something.

BTW - its no longer paid content only.
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Old 03-30-2017, 04:30 PM
 
Location: Phoenix
5,361 posts, read 7,056,012 times
Reputation: 3973
Quote:
Originally Posted by sh9730 View Post
Hmmm....you are right on my re-read - but I am pretty sure they had a paragraph above this one before:

"Chase will keep some operations in downtown Phoenix. It has 2,000 workers in downtown Phoenix. Chase Tower is the tallest building in the state."

Otherwise I am not sure where I would have pulled 1200 out of my head from. Maybe they backed off that or something.

BTW - its no longer paid content only.
Well, I wouldn't be surprised if you're right about the 1200.
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Old 03-30-2017, 04:57 PM
 
594 posts, read 433,388 times
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Great news !
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Old 03-31-2017, 11:41 AM
 
Location: Sonoran Desert
27,840 posts, read 37,873,803 times
Reputation: 17415
The loss of thousands of jobs is a blow to downtown development.
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Old 03-31-2017, 11:46 AM
 
Location: Chandler, AZ
2,526 posts, read 2,141,005 times
Reputation: 3346
Quote:
Originally Posted by Ponderosa View Post
The loss of thousands of jobs is a blow to downtown development.
Well...movement of jobs. If any of those 2000 positions moving live in DT, the light rail makes it an easy commute. Frankly, I think people on this board put WAY too much emphasis on developing downtown Phoenix. Good for Tempe though.
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Old 03-31-2017, 12:31 PM
 
Location: Phoenix, AZ
1,652 posts, read 1,888,541 times
Reputation: 2488
This project is not a net add of jobs, really. The article is incorrect and misleading. There are some 4,500 jobs in the downtown Phoenix offices. They are keeping 400-500 in the Chase Tower building just to keep their name on the building. The other ~4,000 jobs are moving to the Tempe campus when completed. So really, this is just a shifting of jobs from downtown to the East Valley. Not good for downtown Phoenix, but great for Tempe/Chandler. (my info is straight from a friend of mine who works for the City of Tempe)
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