Somerset Development has inked more than a dozen new office leases at Bell Works, the massive mixed-use campus at the former site of the Bell Labs complex in Holmdel.
Somerset Development has tapped an international hospitality brand as its operator for a planned rooftop hotel at Bell Works, the landmark mixed-use complex in Holmdel.
At full build-out, the massive Bell Works project in Holmdel will be home to some 8,000 daily office workers. But newly unveiled plans for a rooftop hotel are a reminder of the project’s potential to be much more than a repurposed corporate campus.
A flavor and fragrance creator is the latest tenant to commit to the newly imagined Bell Labs complex in Holmdel, where it has leased 60,000 square feet for a new creative hub.
Investors Bank is providing a $70 million loan to Somerset Development for its landmark Bell Works project in Holmdel, under a financing deal negotiated by Meridian Capital Group.
Somerset Development has hired a creative director to help it implement the transformation of the 2 million-square-foot former Bell Labs building into the mixed-use hub known as Bell Works.