7 Seventy House at 700 Jackson St. in Hoboken — Courtesy: Bijou Properties
By Joshua Burd
The owner of two luxury apartment buildings in western Hoboken has tapped Ripco Real Estate as its leasing agent for a series of street-level retail spaces at the properties.
The buildings, both developed by Bijou Properties, include the 424-unit 7 Seventy House at 770 Jackson St. and the 135-unit Vine at 900 Monroe St. Ripco’s Deborah Stone and Daniel Zappala are now marketing a total of three retail spaces at the locations, seeking to fill a combined 11,600 square feet.
“The ground-floor retail component at 7 Seventy House and Vine represent a trend we are seeing in the mixed-use category,” said Zappala, a director with Ripco and Hoboken resident. “Developments such as these tend to be close in proximity to a train or light rail station.”
He touted the success of two tenants, Sangria and Black Rail Coffee, at a nearby building at 800 Jackson St. They are capitalizing on an established resident base and exposure to the 30,000 weekly passengers on the Hudson-Bergen Light Rail, serving as an amenity to the neighborhood that is also accessible to patrons living outside Hoboken.
Spaces at 7 Seventy House, which sits directly across from the light rail’s 9th Street and Congress Street station, include units of 4,656 and 5,074 square feet, Ripco said. Current retail tenants include Mile Square Early Learning Center and Prime Time Cleaners.
At Vine, Ripco is marketing 1,882 square feet of first-floor retail, also adjacent to the light rail and minutes from ShopRite and an Amazon distribution hub. The Learning Experience is a current tenant.
“As we continue to bring new retailers to both of these buildings, we are confident that it will offer a prime location for a mix of retail ranging from, group fitness, café and restaurant and small-format specialty grocers and pharmacies,” said Stone, managing director at Ripco. “A top priority when filling the available space is meeting the needs of the surrounding community by offering access to retailers that fit their lifestyles.”