The Real Deal New York

Tri-state briefs: LG Electronics to build new $300M North American headquarters

January 09, 2012 03:30PM

From the January issue: Local officials voted last month to allow LG Electronics USA to build its new $300 million North American headquarters in Englewood Cliffs, the Bergen Record reported. LG had filed an application last year to replace the company’s current headquarters on Sylvan Avenue — and office space it rents in two other buildings — with a 493,167-square-foot complex. At eight stories, the facility’s central building will be the tallest in the borough and peak above the tree line of the Palisades, a fact that has drawn criticism from the Palisades Interstate Park Commission. The Englewood Cliffs Zoning Board of Adjustment voted to grant the company several variances, including one that would allow a 143-foot-tall building in an area zoned for structures no taller than 35 feet. “This is really a major milestone and gives us the confidence to move forward with this major project,” said John Taylor, vice president of public affairs and communications at LG, which manufactures cell phones, televisions and other appliances. The company said it hopes to break ground in 2012, pending approval from the state Department of Transportation. [more]