JPMorgan is opening a new HQ featuring a sleek gym; monthly costs are unknown.
It’s not the only firm with a sweet space where Wall Streeters can work up a sweat.
We took a look at five Wall Street gyms, from Goldman to Citigroup.
JPMorgan’s new 270 Park Avenue headquarters, opening this year, includes a wellness hub with medical clinics, meditation rooms, and a fitness center run by a company known for training professional athletes. One detail has already stirred grumbling: Employees will have to pay for gym access.
The move highlights a broader shift on Wall Street, where flexing about your workout has become almost as important as closing a big deal. Firms see gyms as both a perk and a way to keep staff anchored to the office, so Wall Street gyms have evolved to include everything from river-view spin studios to juice bars, features designed with the long hours and high demands of finance in mind.
In the past decade, banks and hedge funds have poured money into in-house gyms that now rival independent fitness studios and national gym chains. Josh Love, founder of Kinema Fitness, which runs Bank of America’s gym in Chicago, said he’s seen demand for sophisticated facilities rising as companies connect the importance of work and wellness.
“Ten years ago, the conversation was more about checking the box — ‘What’s the least we can do, Josh, just to make our building competitive and give employees something?'” Love told Business Insider. “Today, the conversation is, ‘What else can we do? We want to do more.’ It’s no longer about the ROI, where I had to convince them of the return. Now, they’re the ones saying, ‘We want to do more.'”
Here’s a look at five of Wall Street’s luxe workout spaces, from Goldman Sachs to Citigroup, which boast amenities from Himalayan salt rooms to Peloton bikes; even skyline views count as a perk.
Goldman Sachs: 200 West Street, NYC
Goldman Sachs has a 40,000-square foot fitness center at its 200 West Street headquarters in Manhattan.Courtesy of Goldman Sachs
At Goldman Sachs, the gym attracts a wide mix of employees, from junior analysts to partners — a setup that means a first-year banker might find themselves lifting weights next to a managing director.
The facility spans about 40,000 square feet — nearly the size of a football field — with floor-to-ceiling Hudson River views, a full suite of cardio and strength machines, and studios offering everything from yoga to HIIT training, according to people familiar with the space.
An on-site laundry service relieves employees from having to pack a gym bag, providing standardized workout clothing, including T-shirts and shorts, people who have used the gym told Business Insider.
“When you join Goldman, especially as an analyst or intern, you’re excited. You pick up the little banker bag, put your gym clothes in it. It’s part of the mentality — the deal toys, the zip-up vest, and the Goldman gym. It’s part of the thing,” a former Goldman Sachs employee said.
Trainers are available, and some senior partners have their regulars, this person said.
Membership, which is subsidized, is tiered with analysts, associates, and administrators paying around $50 a month, vice presidents closer to $70, and managing directors over $100, these people said.
JPMorgan Chase: 270 Park Avenue, NYC
JPMorgan’s new office tower at 270 Park Avenue in New York has already opened for some employees.Beata Zawrzel/NurPhoto via Getty Images
JPMorgan’s new Park Avenue HQ, which has started welcoming some employees and will open more fully later this year, features a state-of-the-art fitness center run by performance-training firm EXOS, which calls itself a “human performance” company specializing in employee wellness programming.
The gym is designed as part of a broader health hub that will also include medical clinics and meditation rooms.
Offerings will include cardio and strength training areas, group fitness classes, nutrition consultations, and access to “well-being performance coaches.” Locker rooms and showers will be integrated into the sleek, futuristic facility.
The bank told employees on its online portal that there’d be a monthly charge, but didn’t say how much. The detail has already sparked grumbling online.
Bank of America: 110 N Wacker Drive, Chicago
Kinema Fitness’ 110Fit+ facility located in same Chicago tower as Bank of America offers a 17,000-square foot fitness space.Bank of America
Monthly Fee: $59
At its tower in Chicago, BofA employees have access to 110Fit+, a 17,000-square-foot facility managed by Kinema Fitness. Kinema operates more than 50 corporate gyms across the country.
The center features high-end locker rooms with overnight storage and laundry, along with a training floor designed around functional rigs and performance equipment rather than rows of machines, the company’s website shows. Amenities include a Himalayan salt room, cryotherapy lounge beds, massage and acupuncture services, reiki, and aerial yoga. A mix of strength, cardio, and free weights equipment is available, as well as Peloton bikes for cyclers.
Members can work with three certified personal trainers, booking 30-, 45-, or 60-minute sessions that cost under $100. Every membership begins with a free fitness assessment before members decide whether to purchase a training package.
Love said Kinema’s Chicago location has drawn 600 members, including Bank of America’s employees. Demand has been strong enough that Kinema recently added new therapeutic offerings, including a salt cave. For finance professionals working long, high-pressure hours, Love says the space offers “a chance to reset.”
Citadel Center: 131 S Dearborn, Chicago
Ken Griffin is the CEO of Citadel.CHANDAN KHANNA/AFP via Getty Images
Monthly Fee: Unknown
The gym at the Chicago office and former headquarters of hedge fund giant Citadel is equipped with cardio machines, weights, and space for group classes, plus locker rooms and training, the Citadel Center website said.
The gym offers midday stretch breaks for 15 minutes on Tuesdays and Thursdays, half-hour classes on training basics, cardio, strength, and core workouts. Trainers are available on demand, giving staff flexibility around demanding schedules. Permanent lockers are $15 a month, a form on the building’s website said.
Less is known about what Citadel has in store for its planned Miami headquarters, where the firm is developing a new tower that could feature an even more ambitious fitness setup. Spokespersons did not respond to requests for comment about the fitness center at Citadel Center.
Citi: 388 Greenwich Street, New York City
Two men in suits walk past Citi’s HQCharly TRIBALLEAU / AFP
Monthly fee: $50
Citi’s Live Well Fitness center in Tribeca, staffed by degreed fitness professionals, features cardio and weight equipment, group classes, and personal training, public documents show.
Membership is $50 per month, according to a spokesperson, but rates fluctuate across Citi locations. A $6 per day rate is also available to offer flexibility to Citi’s hybrid workers.
Membership includes a complementary digital fitness platform.
