A Boost for Morristown: Valley Bank

On Jul 3, 2024

When Valley Bank decided to relocate its headquarters from Wayne to downtown Morristown, developers zeroed in on a row of vacant retail shops on Speedwell Avenue, just off Morristown Green. In October, Valley moved into its new multi-million-dollar home, which brings about 660 employees to the downtown area, stimulating the economy and attracting corporate employers looking for highly amenitized workplace ecosystems.

The 124,000-square-foot building, developed by SJP Properties, has prime access to the area’s many restaurants and retailers, as well as the NJ TRANSIT hub. It features glass, metal, and warm brick undertones in line with the masonry of historic Morristown, in addition to floor-to-ceiling windows, skyline views, operable glass walls that open to three outdoor terraces, and a dramatic lobby entrance. The forward-thinking designers also included MERV filtration and UV light purification, solar reflective roofing, low-flow water fixtures, and energy-efficient lighting.

Valley’s new building has boosted the community by employing about 400 during construction and working with the Town of Morristown to ensure no residents were displaced by this development. In addition to a new Valley retail banking branch, the ground floor houses the nonprofit organization Ethan & The Bean, which trains and employs people with intellectual and developmental disabilities. Altogether, Valley’s presence in the Morris Station neighborhood will strengthen the area’s candidacy as an Opportunity Zone for NJ Benefits – all part of the company’s mission to give back to its surrounding communities. 

Architect

Gensler

Morristown

Builder

SJP Properties

Parsippany

Nominator

Kathleen McMorrow, principal, The Communications Optic

Chatham

To access more business news, visit NJB News Now.

Related Articles: