Developers and elected officials recently celebrated the commencement of construction for Valley National Bank’s new headquarters in Morristown, New Jersey. From SJP Properties and Scotto Properties, the new office building will accommodate more than 660 employees and is expected to debut in spring 2023.
The construction site is located at Speedwell Avenue near Cattano Avenue in the city’s downtown area, where the development has replaced a strip of vacant commercial properties.
“This new headquarters is a critical facet of Valley’s commitment to creating a world-class experience for our professionals that inspires and energizes them every day,” said Valley CEO Ira Robbins. “Modern, tech-enabled, and sustainable in design, our new home will reflect our values as an organization. Perhaps most importantly, it will enable our people to be part of the vibrant Morristown community, where we have established valued relationships with numerous local organizations and nonprofits over many years.”
Designed by Gensler, the new building will comprise approximately 120,000 square feet. The façade features a mix of brick masonry and metal accents that are meant to complement the character of the surrounding neighborhood. To maximize the flow of natural light, the building offers floor-to-ceiling windows and operable glass walls that open to three outdoor terraces.
The ground floor will house a 14,500-square-foot Valley National Bank retail branch that will be open to the public.
“Breaking ground on this milestone commercial development—the second new headquarters building for Morristown in just the last two years—cements our town’s stature as an in-demand hub for corporations that want to offer their workforces more than just a great building, but an entire community rich with culture and connectivity,” said Timothy Dougherty, mayor of Morristown. “We’re eager to welcome Valley into the fabric of our renowned community and enjoy the enriching symbiotic relationship that Valley’s corporate workforce presence will share with our downtown businesses, associations, and institutions.”
Rendering of the lobby at Valley National Bank’s Morristown headquarters
With a focus on sustainability, the structure was designed to achieve LEED certification and includes high-efficiency air purification and ventilation systems, energy-efficient building mechanicals, solar reflective roofing to decrease the amount of heat transferred into the building through UV light, low-flow water fixtures, and energy efficient lighting among a host of other energy-efficient systems.
“Having a forward-thinking, best-in-class office environment is only half the battle when it comes to staying nimble and competitive in today’s recruiting market; connectivity to a vibrant community that serves as its own lifestyle amenity to the workforce is just as crucial,” said CEO of SJP Properties’ Steve Pozycki. “The ability to leverage a desirable residential area that’s also a center of commerce with a population of skilled professionals is key to creating a headquarters for Valley that sets them up for the future.”
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This design is vastly better than the tacky 1970’s urban renewal project across the street. There’s been progress in the last 50 years!