7/27/2010:

Does Toll step on Hoboken residents for profit?

Toll Brothers has been a popular subject for quite a while in Hoboken – primarily because of their massive landscape-changing real estate construction projects in town. The Hudson Tea Building area and Maxwell Place being the most notorious.

However, along with these projects – come quite a few concerns from both tenants of said buildings, and nearby residents. Below is a summary of some recent goings-on with Toll:

Misleading Potential Customers?

Until recently, Toll Brothers ran the condo association at the Hudson Tea Building. Apparently, there were many areas on the exterior façade of the building that were in need of repair – and leaked during rain storms. From what some current residents have said – Toll failed to not only address the leaks – but also failed to make buyers aware of the problems.

Now that the condo association is owner-controlled, the repairs have finally been tended to – with talk of the HTB condo association suing Toll over the costs of repair.

I guess condo sales, profits and making shareholders happy was more important than the actual tenants that made such profits possible. Go figure.

Latest Construction Project

What some are calling another version of Toll “misleading” customers – the new construction project at 15th and Washington is underway. Why are some Harborside Lofts residents mad about this? Because they were promised that the other phase of this project (at 15th and Hudson) was supposed to start next – the building that’s supposed to contain all the amenities (fitness club, pool, residents club, etc.)

Instead Toll chose the current building, which will delay these “amenities” that Harborside customers were promised during the sales pitch – by at least five years or more. However, look at the bright side – when both buildings are complete – they expect 70,000 square feet of retail space – making it “the highest density retail shopping area in Hoboken.” Whether the economy is strong enough to support all the new residents and stores remains to be seen.

Stop Goosing Around!

Hoboken is thankful that the waterfront near Maxwell Place wasn’t completely gobbled up by buildings, but rather some basic park and pier amenities that are used by both tenants and visitors alike.

Besides enjoying the riverfront breeze and stunning views of the NYC Skyline (or watching miracle plane landings) – one major aspect to keep your eyes on, is the ongoing geese pooplets that pepper the walkway on a daily basis.

In the past – Toll had metal dog cutouts which helped keep geese away – as well as employed the “Geese Police,” which is the equivalent of simply allowing dogs run around the park. Residents believe this all came to an end – because “Toll was cheap,” and didn’t feel like providing these services to keep the park looking it’s very best.

Blighted Sidewalk Conditions

Believe it or not, Hoboken411 still gets emails from residents – who are miffed that the unfinished northwest corner of the Maxwell Place at 12th and Hudson remains “blighted.” Some expect that Toll should “move the pile of debris 20 feet over and install a sidewalk on 12th.” A Toll Brothers representative said “just use the sidewalk on the other side of the street.”

I guess in the grand scheme of things – it really is a minor issue. Just relaying what folks are thinking!

Fan of Toll Brothers? Bought or sold their stock recently?

Hoboken NJ

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