Waterfront Corporate Center III

10/26/2007:

Ran across this article about the third installment of office buildings down at the south waterfront in Hoboken.

The article claims “construction has begun”, but I’m not sure that’s correct, since there’s still construction equipment for the W Hotel there.

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550,000-SF Office Tower Under Construction

SJP Properties has started construction for Waterfront Corporate Center III, a 550,000-sf office tower here. Final plans had been announced a year ago, paving the way for the current start of work.

The Parsippany-based SJP started work on 11 Times Square, a 40-story, 1.1-million-sf spec office tower in Manhattan earlier this year, slated for delivery in 2009. With Waterfront Corporate Center III now under way, the company will have a total of nearly 1.7 million sf of new spec offices in the pipeline.

“With vacancy rates in New York at historic lows and virtually no new class A space being developed, we have never seen the market as tight as it is now,” says SJP EVP Peter Eppie. “We’re confident that our strategy of starting construction will help meet the need for new-generation space in the New York metro area.”

The Waterfront III site directly faces Midtown Manhattan across the Hudson River. It’s the final phase of a joint venture between SJP, the Port Authority of NY/NJ, owner of much of the site, and the City of Hoboken that, to date, has produced 934,000 sf in the form of Waterfront Corporate Centers I and II. The latter two buildings are home to such tenants as Marsh & McLellan, publisher John Wiley & Sons’ global headquarters, Sumitomo Trust and Mizuho Securities.

The office campus also includes a retail component, and Waterfront III will be the final piece of the development, rising on a site adjacent to the new W Hotel, currently under construction. Designed by architects HLW, the new building will also be adjacent to Hoboken Terminal, a multi-modal public transportation center.

“Both Waterfront Corporate Center and 11 Times Square represent a new standard in environmentally responsible development,” says SJP founder, chairman and CEO Steven J. Pozycki. “With the construction of both of these class A buildings, multinational corporations have two opportunities to meet their operational and aesthetic space requirements.”

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8 Comments on "Waterfront Corporate Center III"

Westsider II
Member
Westsider II

[quote comment=”50253″]I have a feeling Westsider is a huge Beth Mason fan, as are most of the posters here.[/quote]

Just to be clear, I didn’t mean to slight Cunningham, Mason, or Zimmer. I should have said “some MORE council folks not working for the condo builders”. Cunningham, Mason, and (when she returns)Zimmer sure need allies.

At the moment I only have time to consider myself a huge Dawn Zimmer fan, because unless we get her back, Mason and Cunningham will have no more luck than Marsh and Soares did. Lots of great points — few legislative accomplishments.

3 votes out of nine is MUCH better than 2. It means that with any confusion on the status quo side of the board, it is possible to steal a vote. Look what happened when Dawn proposed the corrective amendment to the Open Space Fund Referendum — LaBruno and Ramos signed on, and it passed.

If you support what Cunningham and Mason ran on, you really need to be doing everything you can for Zimmer.

ron mexico
Member
ron mexico

I have a feeling Westsider is a huge Beth Mason fan, as are most of the posters here.

The “Preaching to the choir” expression means you are telling people what they already know / believe.

Sunshine
Member
Sunshine

Ron Mexico,
I was responding to this that Westsider II wrote:
“Maybe if we can elect some council folks not working for the condo builders.”

I don’t think Westsider is part of the choir.

ron mexico
Member
ron mexico

your preaching to the choir

Sunshine
Member
Sunshine

Westsider II,

I’m new to Hoboken politics, but you really should watch the council meetings on channel 78. You’d see
Councilwoman Beth Mason is fighting for the taxpayers at every meeting. She’s demanding open government and accountability.

I think we need to elect more council people like Mason.

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