Ernst & Young announced the official opening of its 170,000-square-foot office in Hoboken on Tuesday. The new location will be home to over 1,000 employees and will support learning and high performance capabilities.
“EY continues to grow and expand in serving our clients and our people across the Tri-State region,” Ray Mikovits, partner at EY and Hoboken office managing partner, said. ”Today’s opening of the Hoboken office and learning center, an inspiring, state-of-the-art environment, aligns with EY’s focus on innovation across all aspects of business.”
EY’s office at 121 River St., Hoboken, is part of EY@Work’s initiative, which emphasizes efficiency in the environment and workforce.
The firm recently closed on a lease agreement at One Manhattan West and opened two EY wavespace locations in New York City. Wavespace locations, according to EY, are part of a network of innovation centers.
”We are investing in strategic locations in the areas where our clients and prospects have a strong presence,” Anthony Caterino, vice chair, EY, and regional managing partner for the financial services organization. “Opening EY Hoboken, and our recent announcement of our future US headquarters at One Manhattan West, place our talented professionals in close proximity to the prime areas where financial services companies conduct their business.”
EY said many of its professionals dedicated to the financial industry will be based in Hoboken.
The space at 121 River St. is comprised of over 100 collaboration rooms and 130 flexible work areas that, EY said, will promote teamwork.
“We are constantly exploring ways to expand our presence and show our commitment to our clients in the Tri-State region,” Richard Jeanneret, vice chair and Northeast region managing partner said. “We believe Hoboken is a key solution in accomplishing these efforts and we look forward to continuing to grow as an innovation leader in the NYC metro area.”
SJP Properties developed and manages 121 River Street. The developer is the co-owner of the location with PGIM and oversaw the build out of EY's space at the property.