Jefferson Trust - 1st and Clinton
26
May
5/26/2009 Update:
“Like a (not so) good neighbor…”
Construction and development in a packed, densely populated city is no easy task. Permits from the city, approvals from planning and zoning boards, community acceptance and safety are all factors. Consideration for your neighbors should be paramount for any new project - and it seems like the Jefferson Trust Bank site is a source of controversy this week.
Anthony L., who is a resident (and board of trustees member) of the Jefferson Trust Condominiums adjacent to this project on First & Clinton is frustrated with the utter lack of regard the developer has for his neighbors. Unable to effectively contact First Ward councilwoman Theresa Castellano, he’s reached out to Mayoral candidates Peter Cammarano and Dawn Zimmer to see if they can help.

Can Mayoral Hopefuls save the day?
“Dawn / Peter,
I appeal to you both since one of you will be our Mayor in a matter of weeks. I live in 300 Newark St (aka Jefferson Trust Condominiums) on the corner of Willow and Newark Street and am on the Association Board of Trustees. We are in the first ward but I have not been able to contact Theresa Castellano; the email I have is not current.
I am writing about my concerns regarding the demolition of the adjacent building - the Jefferson Trust Bank Building. While our building is in favor of having the poorly maintained back buildings razed and a new building in it’s place, we are overwhelmed by the lack of adherence to an established easement agreement as well as any concern or consideration for the safety and welfare of the residents of our building. We have been involved in the evolution of this project for the last four years and have tried to act preemptively to prevent what is presently happening.
The developer is allowing his contractors to use our driveway (which is not permitted based on the easement agreement we entered in 1997) for dumpsters, trucks, bobcat, materials, etc. while we use this for our parents with small children, handicap access and a 15-minute parking space. We have gone out of our way to communicate with the developer (Mr. Seth Martin) but he has done nothing to keep us apprised of his plans. We have written letters and made numerous phone calls to no avail. In addition, we had just paid approximately $87k (a portion of which Mr. Martin still owes us) to repair the driveway and our back entrance, much of which will have to be rebuilt (I’m hoping to our satisfaction by Mr. Martin).
As an example, our lawyers were notified via fax at 2:17pm the day before work commenced in earnest. I have tried to speak to the construction official but he is convinced that the property is the developer’s and told me that he had a copy of the easement. This document clearly states that the property is ours and that there is a certain protocol to be followed. This protocol is being ignored as is our requests for a discourse with this developer. We have reached out to his lawyer and had a meeting scheduled yesterday which they canceled at the last minute. We have discussed our options with our lawyer but do not want to use our replacement reserve to achieve an unsatisfactory result in the courts at a point when most of the work is done. We spent about $120k in ‘07/’08 fighting the original application for an 8-story building. As someone who has worked in construction and development in NYC my entire career I am baffled that this is allowed to happen. From looking at the plans, there are many ways this work could be completed with minimal impact to the driveway area but my belief is that Mr. Martin is taking the most cost-effective and expedient route despite the affect on his neighbors or the legal obligations in place.
I want to reiterate that we are most concerned about the safety and welfare of our residents which is being compromised.
Thank you for your consideration,
Anthony“
Read more history about this project after the jump…
5/20/2009 Bump / Update:
Quite a few area residents have been emailing me about the construction/demo that has been taking place at the old Jefferson Trust Bank site at First and Clinton.
Here’s a little background about the project from back in 2007…
9/26/2007 Update:
Local resident Sean, has an update regarding a compromise that has been reached for this project:
He writes:
“As a result of the public’s concern, the developer compromised by changing the part of the area of the proposed restaurant into a retail store & area for the condo project. Also, the height of the tower was reduced significantly, keeping in-line with the height of the surrounding neighborhood. Gone was the valet parking, and there is a still a point of contention about the parking which we hope to resolve soon.
The developer also detailed multiple structural enhancements, keeping in line with the historic preservation of the site. The Bank sits in a flood plain, and the developer also plans to increase the height of the entire structure (more details on this to follow, from what I understood it would be raised about 5 feet). The facade, windows, moulding and copper treatments would be restored. The sidewalk, lighting and trees would be enhanced or added.”
Read previous updates below, and check his site for the full story.

6/18/2007 Update:
The Zoning Board has cancelled the meeting that was supposed to happen Tuesday the 19th, which means the Jefferson Trust Bank Building item will be carried, along with the rest of the agenda, to July 17th at 7pm. There was some question as to whether the ZBA would consider the Jefferson Trust item while it was still pending at the Historic Preservation Board. A developer proposal to build a seven story parking garage across Newark Street from the Jefferson Trust Condos in between Neumann Leather and the Napa Auto Parts was also on Tuesday’s ZBA agenda, and will be carried to July. Updated the Event Calender accordingly.
6/15/2007 Update:
Hoboken411 reader ‘Furey”, who’s a condo owner in the area had attended the recent meeting regarding this project.
He said:
There is simply no support by the public here, and many members of the committee seriously questioned this project. Everyone loves his idea to restore the Bank and how it could be made to look, but mostly everyone agrees that adding residential units on top of the building isn’t in the best interest of the community. The owner is trying to get thirteen - THIRTEEN - variances for this property.
Read the rest of his observations on his blog, Philly2Hoboken.com. More meetings scheduled this month.
6/9/2007 Update:
Originally, the next Historical Preservation Committee meeting was scheduled for Tuesday, June 12th. However, the city has moved the date up to MONDAY, June 11th at 7pm. The Hoboken Planning Board meeting is still on for Tuesday, June 19th at 7pm.
5/22/2007 Update:
In case anyone is interested, there will be a low-key review of this proposal in front of the Historic Preservation Committee tonight at 7:00pm (basement of city hall).
There will be an opportunity for the public to comment or “inquire within”. Not many important people will be there it seems, as some have other commitments. However, it has been said that this project/property shouldn’t even be listed by any Realtor since there is no official zoning in place. It may considered unethical, etc..
5/14/2007:
Over at the forever vacant (and still historically intact) Jefferson Trust building on 1st and Clinton, there finally appears to be some action happening.
Here is the letter that has been posted as of late (thanks 411 reader Furey):
“Dear Neighbor,
Below is an artist’s rendering of the proposed changed to the Jefferson Trust Bank Building.
The proposed changes are scheduled to be discussed at the Tuesday June 19th meeting of the Hoboken Zoning Board of Adjustment, City Hall, at 7pm.
If you’d like to voice your opinions regarding the proposed changes, I urge you to attend.
If possible, please could you notify any of your neighbors who may also be interested in attending.
Bill wfs4@optonline.net
wfs4@optonline.net”
Another reader wrote in that they have requested the city for numerous variances to build this eight-story luxury building and an extension of the bank to accommodate retail space and a restaurant.
This is of great concern to the residents in the area, as it may dramatically block the natural light to nearby residences. It is interesting to note that the residents of his building apparently only received one letter addressed to the Condo Board. It’s possible that many other neighbors are completely unaware of this proposal.
There are other concerns regarding the restaurant and possible bar, which may be within 500 feet of existing bars, which is considered a zoning violation.

89 Responses to ** Jefferson Trust - 1st and Clinton **
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May 27th 2009 - 11:14:31 |
I don’t think there is one. This is in the R-3 zone. Parking permitted at ground level, but not mandatory.
In response to strand tramp who said:
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May 27th 2009 - 11:33:57 |
you can build condo’s annywhere in hoboken without parking? well there’s your city council at work.
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May 27th 2009 - 11:43:23 |
strand tramp, it may depend on the size of the project and the zone that it is in, but generally speaking smaller rehab and infill projects like this do not have a minimum parking requirement. The Redevelopment and PUD zones have the most clear cut parking requirements.
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May 27th 2009 - 12:32:42 |
i wouldn’t call this a “smaller rehab”…adding a 5 story AND the main building conversion?
and BTW, what kind of Fng moron thinks this is the best design for this property? look, there are enough empty condos in this town. why would the city approve this? why are we adding MORE density down there?? WTF is wrong with….wait a minute. i forgot the zoning board is packed with insider criminals. yeah, the owner must be some kind of cousin. i saw a NYT spread on a restaurant in Phil that was a former bank. and i have been to a gorgous bar in downtown Manhattan that was a massive vault. both look fantastic.
building condo’s in this market, it that part of town. only the unimaginative shallow gene pools of hoboken would come up with this. say…i bet the town forced a pilot on the guy too !!!!!!!!!
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May 27th 2009 - 12:57:13 |
This is a beautiful building. I hope they do the right thing and preserve the exterior and interior properly. I am not crazy about the extension that they are putting on. The problem here was that the developer was allowed to do certain things as of right, including demolishing the building.
FYI. This particular developer was not well liked by the board and some other developers in the area. He put the board in a tough spot, because they wanted to see something done with the building, and he had some leverage. I really wish they just converted it to a restaurant or other commercial use.
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May 27th 2009 - 14:25:11 |
I’m curious about the demo, what kind of insulation etc is in there? Any chance there’s asbestos?
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May 27th 2009 - 14:42:19 |
about 100%…but probably only in the boiler room. 100yr old banks have 2ft thick stone walls and don’t need much insulation of the main lobby area.
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May 27th 2009 - 17:46:50 |
Nice to see that they are just ripping all of that shit out and dumping it into an open air container.
I wonder if they will make an attempt to dispose of that stuff properly…
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May 27th 2009 - 17:51:15 |
asbestos?!?! Oh no, where’s the Fund for a Better Waterfront?!
In response to Easy-E who said:
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