Following its June groundbreaking, Valley National Bank’s new headquarters on Morristown’s Speedwell Avenue has topped out at six stories in height. Developed by SJP Properties in partnership with Scotto Properties, the financial institution’s new headquarters is one of the few major office projects under construction in New Jersey, and is expected to bring more than 660 professionals to Morristown’s dynamic downtown upon its completion in the Spring of 2023.
“Thanks to the expertise of our team, accomplished project partners and support from local leadership, we are one step closer to delivering a transformative office environment for Valley and its team of esteemed professionals,” said Steve Pozycki, CEO of SJP Properties.
Valley National Bank will relocate its operations from Wayne, to the state-of-the-art,120,000-square-foot workspace. The bank’s new base of operations will replace a string of vacant structures located on five separate lots along Speedwell Avenue.
A build-to-suit office building designed by global architecture firm Gensler, Valley’s new headquarters is a modern interpretation of the masonry tradition of historic Morristown. Design hallmarks include operable glass walls that open to three outdoor terraces, which create an indoor-outdoor environment. The ground floor features a lobby entrance with high ceilings, along with 14,500 square feet of available retail space, a portion of which is planned to house a new Valley retail banking branch.
Designed to achieve LEED certification, the building reflects SJP Properties’ longstanding commitment to creating healthy, sustainable and inspiring office ecosystems. The building’s technological advances include improved air quality using a combination of enhanced MERV filtration and UV light purification, advanced digital controls, energy-efficient base building systems that feature variable frequency drives, solar reflective roofing, low flow water fixtures, energy and consumption metering, and energy-efficient lighting. By integrating meaningful technology, sustainability measures, and concierge-style services that bolster the employee experience, the building will be ideally suited to help Valley attract and retain top talent that demands more than a traditional suburban office building.
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