SJP Properties has topped out the building that will become Valley National Bank’s new 120,000-square-foot headquarters in downtown Morristown. — Courtesy: SJP
By Joshua Burd
Valley National Bank’s new headquarters in Morristown is on track to open next spring after the completion of vertical construction at the downtown site, its developer announced Wednesday.
SJP Properties, which has teamed with Scotto Properties to build the 120,000-square-foot building, said the structure has reached its six-story apex along Speedwell Avenue. Construction is slated to continue in the coming months after a groundbreaking this past June, as the project transforms what was a string of vacant structures across from the Hyatt Regency Morristown.
One of the few major office projects under construction in New Jersey, the facility is slated to bring more than 660 professionals to the popular downtown.
“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. “Besides a variety of transit options and robust lifestyle amenities, Morristown offers an elevated quality of life that employers like Valley prioritize when selecting office locations that will appeal to current employees and prospective talent. We are proud of the project’s progress to date and look forward to bringing the next generation of office space to this highly desirable community.”
Valley will relocate its operations from Wayne to the build-to-suit office building, which was designed by Gensler, in a project that will evoke Morristown’s historic architecture with a balance of glass, metal and warm brick tones, according to a news release. Features will include operable glass walls that open to three outdoor terraces, along with a dramatic ground-floor lobby entrance and 14,500 square feet of available retail space, a portion of which is planned to house a new Valley retail banking branch.
SJP added that the project is slated to achieve certification on the U.S. Green Building Council’s Leadership in Energy and Environmental Design scale, while benefiting from the amenities of downtown Morristown. And it follows the firm’s recent delivery of Deloitte’s new 110,000-square-foot office space at M Station, SJP and Scotto’s mixed-use development in the downtown, where they continue to market a second building.