LG Electronics broke ground on its North American headquarters in Englewood Cliffs, New Jersey. The start of construction for the 350,000-square-foot sustainably designed building marks a major milestone for the $300 million project, which has been in the works since 2009.
The new corporate campus will allow LG to double its local employment to more than 1,000 by 2019, while creating more than 2,000 New Jersey construction jobs in the shorter term. It will also contribute to the local economic and tax base with an estimated $26 million annually in direct, indirect and induced recurring revenues, the company said.
According to the company, the buildings’ LEED Gold design includes protecting woodlands and six wetlands on the 27-acre site in Englewood Cliffs, where LG will be increasing the green space by 50% and planting more than 1,500 trees.
William Cho, CEO of LG Electronics North America, said, “Englewood Cliffs has been home to LG in the United States for 30 years, and now we look ahead to the next 30 years and beyond with a world-class corporate campus that will support LG’s growth and our commitment to being a good corporate citizen focused on the environment.”