(WASHINGTON DC) – Hines, the global real estate investment, development, and property manager, along with JPMorgan Chase, today announced that The Square, Hines’ flexible workspace platform, will open at the Bowen Building, in Washington D.C. this fall. The historic Bowen Building, located at 875 15th St. NW at the corner of McPherson Square, is owned by JPMorgan Chase and home to their regional headquarters, and managed by Hines. This marks The Square’s fifth location globally, with additional locations in Houston, Salt Lake City, and Mexico City.
The Square at the Bowen Building will deliver a solution for today’s hybrid workforce needs, that combines hospitality-driven property management and high-quality furnished offices and suites in a modern Class AA space. The Square offers flexible memberships by the hour, day, month, or year and a variety of floorplans and offerings, designed to accommodate company sizes ranging from start-ups to larger enterprises.
- Enterprise suites: large private suites range for teams of 25+ that feature private amenities, including kitchenettes, printer stations, conference rooms, and individual offices.
- Private offices & suites: enclosed customizable offices for teams of 1-75.
- Shared workspaces: for a dynamic workday. Members gain access to a large communal lobby lounge, a café space, private phone booths, a roof deck lounge with Wi-Fi, and conference rooms.
- Memberships: monthly access that allows teams to use communal spaces, dedicated desks and meeting rooms, including mail receiving services.
- Services and customizations: The Square offers space customization including design and branding, furniture, IT infrastructure and hospitality services to align with each company’s design and experience standards.
“The hybrid work environment creates variable demand for office space and requires creative office solutions. We partnered with Hines to bring The Square to the Bowen Building as a direct response to these changing needs and the current nature of the workplace,” said D’Juan O’Donald, Executive Director at JPMorgan Chase. “With this hospitality-driven, curated offering, the Bowen Building differentiates itself in the local D.C. market through its wide range of amenities, Hines’ expertise in property management globally, and our capability to offer high-quality flexible and conventional office leasing options.”
The Square at the Bowen Building, which is already 20% pre-leased, can accommodate up to 225 people in total, spread across 30 offices and three suites. Members will have access to all building amenities including an expansive rooftop with views of the National Mall, lounge and event space, and a fully equipped fitness center. They will also gain access to The Square’s network of collaboration and office spaces, including Mexico City, Houston, Salt Lake City, and a growing list of additional cities.
The 12-story, 231,000 square foot Bowen Building is newly renovated with the main lobby and interiors redesigned by STUDIOS Architecture, incorporating state-of-the-art building technology and systems, while the original historic beaux-arts limestone facade was restored and retained.
“Our partnership with JPMorgan Chase has been vital in bringing The Square to the D.C. market,” said Andrew Cooke, senior vice president, management services at Hines. “The Bowen Building is a landmark in the downtown business district and the addition of The Square will elevate the experience further for clients who desire a high-quality product, with the ability to ebb and flow in a building and across conventional and flexible office products.”
To learn more about The Square at the Bowen Building or inquire about memberships, visit www.thesq.com.
Hines is a global real estate investment, development and property manager. The firm was founded by Gerald D. Hines in 1957 and now operates in 30 countries. We manage nearly $96B1 in high-performing assets across residential, logistics, retail, office, and mixed-use strategies. Our local teams serve 685 properties totaling nearly 216 million square feet globally. We are committed to a net zero carbon target by 2040 without buying offsets. To learn more about Hines, visit www.hines.com and follow @Hines on social media.
¹Includes both the global Hines organization and RIA AUM as of December 31, 2022.
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. JPMorgan Chase had $4.0 trillion in assets and $285.9 billion in stockholders’ equity as of March 31, 2022. 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.