Prism Capital Partners, Angelo Gordon and Parkwood Development have unveiled a collection 15 new condominiums at 731 Clinton St. in Hoboken, across from the distinctive adaptive reuse project known as Wonder Lofts. — Courtesy: Prism
By Joshua Burd
A development team has unveiled a new condominium building across from Hoboken’s Wonder Lofts, a historic industrial building that’s now home to dozens of upscale residences.
The five-story property at 731 Clinton St. has brought new construction to the site of the high-profile adaptive reuse project, adding 15 for-sale units to the existing 68 condos inside the repurposed Wonder Bread factory. Designed by MVMK Architecture + Design, the building is meant to blend seamlessly with the original structure, with a mix of red brick with glass and light grey aluminum.
A team that includes Prism Capital Partners, Angelo Gordon, and Parkwood Development noted that owners in the new building will have access to the collection of amenities at Wonder Lofts.
“There’s certainly a segment of the buying public that favors all new construction, and these homes allow them to enjoy the same high level of luxury, comfort and soaring living spaces for which Wonder Lofts is known but in a brand-new building and an even more intimate setting,” said Robert Fourniadis, Prism’s senior vice president for residential. “The appeal of this boutique offering is clear with half of its homes already sold, and we’re delighted to now showcase a furnished residence to further demonstrate its unique lifestyle.”
The main Wonder Lofts building, which dates to 1909, has also sold more than 75 percent of its units, according to a news release. Remaining homes at the site are priced from just under $1.9 million to some $3.5 million, while the development team has arranged special mortgage financing with rates as low as 5.125 percent available for a limited time to qualified buyers.
Residents, meantime, have access to amenities such as a rooftop with skyline views, an infinity-edge swimming pool with lounge chairs and a circular outdoor bar underneath the restored water tower, among others. Indoors, the property features a second-floor lounge, a children’s playroom and a full gym and yoga studio.
Aside from MVMK Architecture + Design, Wonder Lofts’ team includes Manhattan-based Workshop/APD as the interior designer. As part of the project, the developers have preserved the factory’s original brick detail, archways, high ceilings, large windows, a smokestack and a water tower, while adding modern features such as a glass and light gray aluminum façade.
Every home includes a parking space in a secured garage, while the property also boasts a location just west of downtown Hoboken, mass transit access and a host of park and recreation spaces.