Valley breaks ground on new HQ in Morristown — and makes statement about N.J.

CEO Robbins says bank picked state over New York City, Florida

In an era when working remotely has some questioning if that even means working in the state, Valley CEO Ira Robbins said the bank is eager to plant its flag in the Garden State.

On Thursday, Valley officials held the groundbreaking for their new headquarters in Morristown — and Robbins couldn’t be more emphatic about the decision.

A rendering of the building.

“We had the option to move to Manhattan or Florida, where we have a significant amount of operations, but we chose to be here in Morristown because there is an understanding of how important community is,” he said.

“We are excited to stay in Morristown and excited to stay in New Jersey.”

The new headquarters will be across the street from Headquarters Plaza, where the Hyatt Regency is located.

The building, being designed by Gensler, will have 120,000 square feet of office space and nearly 15,000 square feet of available retail space in a first-floor lobby that will feature floor-to-ceiling windows, creating natural light.

Valley currently has 3,825 total employees — about 2,000 of whom will be in New Jersey. Valley officials expect about 660 will work out of the Morristown headquarters.

Morristown Mayor Tim Dougherty is happy to have them.

“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,” he said.