OPPENHEIMER ANNOUNCES NEW HEADQUARTERS
The headquarters commitment retains more than 1,000 jobs in Manhattan.
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Rhea-AI Summary
Oppenheimer & Co., a subsidiary of Oppenheimer Holdings (NYSE: OPY), plans to relocate its headquarters to 32 Old Slip in Lower Manhattan. The firm will occupy approximately 220,000 square feet across six full floors, with phased move-in targeted to begin in the first quarter of 2028.
The headquarters represents a $66 million investment. JLL represented Oppenheimer in the transaction with building owner RXR, and Gensler will design the space. Oppenheimer intends the new layout, dedicated conference center and expanded client hospitality areas to support collaboration and client engagement.
Positive
- Minor point. Forward-looking: it has not happened yet and may not happen.Planned headquarters will provide approximately 220,000 square feet across six full floors, with move-in targeted for first-quarter 2028.
Negative
- Minor point. Forward-looking: it has not happened yet and may not happen.New headquarters represents a $66 million investment.
Key Figures
- Headquarters space
- Approximately 220,000 square feet
- Planned space at 32 Old Slip
- Building floors
- Six full floors
- Planned headquarters occupancy
- Phased move-in
- First quarter of 2028
- Targeted start
- Investment
- $66 million
- Investment cited by New York Governor Kathy Hochul
- Jobs retained
- More than 1,000
- Jobs cited by New York Governor Kathy Hochul
AI-generated analysis. How Rhea-AI works. Not financial advice.
Move Demonstrates Firm's Commitment to New York City's Historic Financial District and Reflects Investment
in the Firm's Culture and Future
Firm Will Occupy Approximately 220,000 Square Feet Across Six Floors at 32 Old Slip, With Phased Move-In Targeted to Begin in Early 2028
The firm will occupy approximately 220,000 square feet across six full floors of the 36-story building, with a phased move-in targeted to begin in the first quarter of 2028. The new headquarters will bring colleagues closer together and offer state-of-the-art workplace infrastructure, a dedicated conference center and expanded hospitality for clients and guests.
"For 145 years, Oppenheimer has grown alongside Wall Street, and our new headquarters at 32 Old Slip in Lower Manhattan reaffirms our commitment to the area," said Robert Lowenthal, President and Chief Executive Officer of Oppenheimer. "This move is an investment in our culture, bringing our teams together on six floors with modern technology and a dedicated space to welcome clients. In doing so, we are building a workplace that honors our heritage and is designed for what comes next."
Oppenheimer's roots in the Wall Street neighborhood date back to 1881, when the firm was established at 2 Wall Street. The new headquarters will remain a short distance from its existing offices and only blocks away from where it was founded. The firm was represented by JLL in the transaction with building owner RXR and will partner with Gensler to design the new space.
Oppenheimer is creating a headquarters that honors its heritage while supporting the firm's continued growth and evolution. The workplace will blend classic and contemporary design elements, reflecting the firm's character and culture while supporting greater collaboration, connectivity and engagement across its businesses. The location and views will connect the space to the waterfront heritage of
"Oppenheimer's decision to stay and grow in Manhattan is a win for New York, retaining more than 1,000 quality jobs in a modern, new headquarters, representing a
The layout is intended to make it easier for colleagues across businesses to meet, exchange ideas and work together, both through scheduled meetings and everyday interactions. Throughout the office, Gensler's design will combine natural light, open gathering spaces and integrated digital tools to create an environment that supports productivity, collaboration and innovation.
That emphasis on connection will also shape the client experience. A dedicated conference center, equipped for both in-person and hybrid engagement, will accommodate client meetings and firmwide events. Expanded hospitality spaces will provide additional settings to welcome clients and colleagues visiting from around the world.
"We want our headquarters to be a place where colleagues learn from one another, build lasting careers and welcome clients into the life of our firm," Lowenthal added. "As we plan for Oppenheimer's future, we are creating an environment that supports those relationships and the work our people do every day."
About Oppenheimer Holdings Inc.
Oppenheimer Holdings Inc., through its Oppenheimer & Co. Inc. subsidiary and related entities, provides a full range of wealth management, securities brokerage and investment banking services to high-net-worth individuals, families, corporate executives, businesses and institutions. For more information, please visit oppenheimer.com.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of
About RXR
Headquartered in New York City, RXR is a real estate investment manager, operator and developer managing over 85 commercial properties and investments with approximately
About Gensler
Gensler is a global design firm uniting creativity, research and innovation to enhance the human experience. Founded in 1965, its 6,000 professionals partner with clients in over 100 countries each year to create a better world through the power of design.
Media Contact:
Michael Dugan
Haven Tower Group LLC
424 317 4852
mdugan@haventower.com
View original content:https://www.prnewswire.com/news-releases/oppenheimer-announces-new-headquarters-302932742.html
SOURCE Oppenheimer & Co. Inc.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
Where is Oppenheimer moving its headquarters, and when will the move begin?
Oppenheimer plans to move to 32 Old Slip in Lower Manhattan, with phased move-in targeted to begin in the first quarter of 2028. The firm will occupy approximately 220,000 square feet across six full floors.