In the April issue of Portfolio, Paul Smalera contrasts two new bank headquarters: those of Goldman Sachs, downtown, and Bank of America, in midtown. It’s no contest, really: Bank of America wins hands down.
The best news on the bank-headquarters front, though, is the JP Morgan purchase of Bear Stearns. The new JP Morgan headquarters downtown were going to be cheap and ugly and generally bring down the tone of the World Trade Center site by quite a few notches. Now that Jamie Dimon can just move a block or two west into the shiny new Bear Stearns building, he’ll surely put his downtown plans on ice.