LCOR has launched leasing for a planned 21-story, 704,355-square-foot office building in Hoboken, part of the sweeping Hoboken Connect project in the city’s downtown. — Renderings courtesy: LCOR
By Joshua Burd
LCOR has launched its leasing campaign for what will be more than 700,000 square feet of waterfront office space in Hoboken, part of the mixed-use development that’s slated to transform the blocks around the city’s iconic transit terminal.
The developer on Thursday unveiled new renderings of the 21-story building at the corner of Hudson Street and Hudson Place, where employees will be steps from the terminal and PATH station entrances. Its plans also call for 4,330 square feet of ground-floor retail space that will contribute to the foot traffic for Hoboken Connect, as the master-planned development is known, which will also include a 389-unit apartment building, a sweeping overhaul of the historic Hoboken Terminal and major streetscape improvements.
LCOR is marketing the 704,355-square-foot office building with Cushman & Wakefield.
“We are excited about the official launch of our leasing efforts for Hoboken Connect’s office component, a major milestone in our execution of this broader redevelopment project,” said Brian Barry, a senior vice president with LCOR. “The vision for Hoboken Connect was developed through an appreciation for the history and significance of Hoboken Terminal, the city of Hoboken and the people who work, live and move through this space.
“This redevelopment will leverage, enhance and complement this multimodal transportation hub’s irreplaceable access to Manhattan and interior part of New Jersey, the vibrancy and culture of this dynamic community, and proximity to an array of amenities that will make Hoboken Connect the opportunity in New Jersey for a corporation to call home.”
The Cushman & Wakefield leasing team includes Ed Duenas, Jon Fales and Ron LoRusso, who will work in partnership with Eric Reimer of Byrnam Wood. The developer on Thursday noted that the office tower is slated to have floorplates ranging from 30,000 to 40,000 square feet, with amenities such as a conference facility, a tenant lounge and open green spaces, along with open work areas, food and beverage options, outdoor and rooftop terraces and a bike room with a locker room and shower facilities.
Tenants, meantime, will have unimpeded views stretching from the George Washington Bridge to Lower Manhattan, the Hudson Waterfront and interior parts of New Jersey, LCOR said.
“Hoboken Connect is a one-of-a-kind development, ideally located to provide ultimate convenience and accessibility,” Reimer and Duenas said in a joint statement. “As the only NJ Transit train station situated on the waterfront, it offers unparalleled connections via NJT train, NJT bus, Hudson-Bergen Light Rail, NY Waterway Ferry and PATH, making it the perfect destination for commuters and residents alike. Its world-class design features a unique blend of office, residential and public spaces, all integrated within a seamless and connected environment, for the ultimate live, work, play community.”
The 1 million-square-foot Hoboken Connect project will look to create a campus-like environment along the city’s southern edge and around Hoboken Terminal, LCOR said. The developer joined public officials last fall for a ceremonial groundbreaking for a plan that is some 15 years in the making, having moved forward recently after a series of key approvals.
It now expects to implement the project in multiple phases over the next five years, including a series of private and public components. Notably, 20 percent of the 386 apartments are designated as affordable, representing the largest brand-new affordable housing offering to be delivered to the city of Hoboken in over a decade.
Equally notable will be a sweeping overhaul of the historic Hoboken Terminal, which includes raising the easternmost plaza to protect against flooding from the Hudson River, as well as a plan to restore and activate the long-dormant ferry terminal building at the site with public-facing uses such as a food hall and event space. Other plans include pedestrian, vehicular and bicycle improvements, including construction of a new bus terminal on Hudson Place and the redevelopment of Warrington Plaza.
A team that includes Beyer Blinder Belle, SLCE, FX Collaborative and Matthews Nielsen Landscape Architects will serve as the project’s architects and lead all design efforts, including private development, public infrastructure improvements, resiliency initiatives and historic preservation, according to a news release. Engineering and construction firms engaged for the development consist of Colliers Engineering, ICOR Associated, MG Engineering, Mueser Rutledge Consulting Engineers, Thornton Thomasetti, Holt Construction, Hudson Meridiaen and Pavarini McGovern.