For more than 80 years, we have had a business presence in Detroit. Highlights of our recent projects—and the ways in which we are serving and supporting our clients and community in Detroit and throughout Michigan—include:
Some of the recent projects we have financed:
The Griswold Lofts
(1212 Griswold Street):
$15.2 million in debt and equity used to finance the rehabilitation of one of Detroit’s oldest skyscrapers; once complete, the Lofts will be the new home of the Archdiocese of Detroit and 56 units of mixed-income apartments.
Community Health and Social Services Center
(5635 West Fort Street):
$4.9 million in financing to help fund the construction of a new Community Health and Social Services Center in southwest Detroit; the 48,000-square-foot medical facility, which opened in 2012, serves 28,000 patients a year – 17,000 more than in the former facility.
University Prep Science & Math Elementary School
(2251 Antietam Avenue):
$3.8 million in financing to renovate the historic Sidney D. Miller High School on Detroit’s east side; the 450-student, tuition-free University Prep Science & Math Elementary is the new home to internationally acclaimed Mosaic Youth Theatre of Detroit.
Detroit Edison Public School Academy
(1903 Wilkins Street):
$3.1 million in financing to help construct a new facility for the Detroit Edison Public School Academy.
(4240 Cass Avenue):
$2.4 million investment and leverage of another $6 million in financing for the construction of The Auburn; the mixed-use development includes 50 market-rate and affordable rental apartments and 9,000 square feet of retail space.
JPMorgan Chase & Detroit by the Numbers
Employees statewide, making us one of Michigan’s largest financial services employers
Statewide and Detroit depository market shares
Raised for local Michigan governments and nonprofits in 2013
Lent to Michigan small businesses in 2013
Provided in financing to the Michigan State Housing Development Authority in 2013
Goods and services purchased from Michigan companies in 2013
Donated to Detroit nonprofits and charities over the past decade
Consumer mortgage lender in Michigan in 2013
Among the largest financial services providers to the auto industry, equipment manufacturers, suppliers and auto dealerships; largest noncaptive auto lender in the U.S.