Development firm LCOR is seeking to revitalize the long-dormant, two-story ferry terminal in Hoboken — envisioning uses such as event space, market-style retail and other concepts — in what could be the centerpiece of a plan to transform the city’s historic transit hub.
The long-awaited plan to improve Hoboken Terminal and build new apartments, office space and public amenities nearby took a key step forward this week with the city’s approval of a redevelopment agreement with LCOR, the firm that is spearheading the project.
In this month’s cover story we highlights the plan to restore and reactivate the property’s long-dormant and long-vacant ferry terminal. The master development team at LCOR envisions it as a unique destination for commuters, city residents and visitors — and as the centerpiece of the plan called Hoboken Connect — which became clearer after I recently toured the space with the firm’s Brian Barry. The building’s second floor, with its 21-foot ceiling heights and a large, column-less floorplate stretching nearly 500 feet, has all the makings of such a destination and the potential to achieve one of LCOR and NJ Transit’s top objectives: opening the terminal to the public while enhancing the commuter experience.
A developer has unveiled new details of a plan to transform the area around Hoboken Terminal, including a proposed 635,000-square-foot office tower and nearly 400 apartments alongside open space, infrastructure upgrades and a renovation of the historic transit hub.
LCOR, the developer tapped to transform the sprawling rail yards in southern Hoboken, has unveiled its team of design, construction and leasing professionals for the project.
Gov. Phil Murphy has announced a long-awaited plan for a flood barrier at the southern end of Hoboken, although its location could threaten or dramatically alter a proposal to redevelop the rail yards alongside the city’s busy train terminal.
State officials could soon make a decision on key flood protection measures in Hoboken — one that could make or break a long-awaited, 2.3 million-square-foot redevelopment of the rail yards at the southern edge of the city.