hoboken411

Archived Posts from "'Real Estate News'"

300 Washington – When?

When will 300 Washington be built in Hoboken?

Over two years ago, a raging fire essentially destroyed the historical building located at 300 Washington Street. It’s been an empty lot since they demolished it.

However, the Architects over at Minervini Vandermark have had the design of the replacement structure (which has apparently been “approved” by City Hall) sitting on the shelf for a while.

When will they start building it to restore the look of this neighborhood? Is the fact that nothing has happened yet a sign of upcoming economic stress for our area?

Below is a superimposed image of what the spot would look like once built. What do you think of this design? Or should they have tried replicating the building that perished?

Minervini Vandermark Architecture 300 Washington Street Hoboken NJ

Hoboken NJ

Technorati Tags: , , , , , ,

Another church turned condo in Hoboken

Hoboken trend continues: Church turned condo on Willow

Continuing the documentation of the Hoboken trend of “church turned condo,” this time at 707 Willow Ave., as the Bethesda Christian Church (Spanish) is getting converted into condo.

Minervini Vandermark Architecture is responsible for the design (rendering below on left).

Again, doesn’t that look kind of weird? If you’re not going to preserve the entire structure, why bother keeping the “mask” on?

It’s not like this church had groundbreaking design to begin with, and it’s VERY FAR from a St. Patrick’s Cathedral that’s for sure.

Bethesda Christian Church turned condo Hoboken NJ Minervini Vandermark

[Click to continue reading the rest....]

Hoboken NJ

Technorati Tags: , , , , , , , , , , , ,

Willow14 – Mixed-Use Development Coming

Spring is here – Willow14 work resumes in Hoboken

Well – after a brutal (and odor-free) winter, work has resumed at the Willow14 Project uptown. Gotta love that “prop” (an environmental air-tester) they have posted outside the work zone. I wonder what it would say if it could (honestly) speak?

Regardless – this, along with many other blocks in Hoboken, is truly changing the “landscape” of the once quaint city. When we crack 100,000 residents – will the existing woes remain the same, or will we have new “super-sized” problems to deal with? (like parts of the city simply sinking underground?)

PS – time to get a real estate (or insurance) license, right?

Willow14 Work continues hoboken NJ

Click to see all previous updates…

Hoboken NJ

Technorati Tags: , , , , , , , , , , , , , , , , ,

Luxury Roach Motel at Maxwell Place

Can’t win? Maxwell Place still a “Luxury Roach Motel” in Hoboken

You figured that if you live in one of the most “desired” spots in Hoboken – like at Maxwell Place along the Hudson River Waterfront, you’d have little to worry about (other than your massive property tax bill each quarter). But several residents have mentioned that one problem that is typically known to affect “blighted” areas like inner-cities, has been a problem for the past five years: Unwanted Critters. Will Maxwell Place always be considered a “Luxury Roach Motel,” or will they finally tackle the problem once and for all?

Is Maxwell Place in Hoboken NJ a luxury roach motel

Are solving roach problems so close to the river impossible?

Residents we spoke to are quite fed up. They’ve had issues with essentially an “infestation” of roaches at all the outdoor sun decks and pool areas in the building located at 1125 Maxwell Lane.

They say that Toll Brothers and various employees of the building refuse to call them what they are, and instead use the term “water bugs” (sounds a lot less disgusting that way, doesn’t it.) And that the management rarely does anything until countless people make a (public) stink of it.

One resident said: “They’re everywhere! In the spring and summer months it’s virtually impossible to enjoy the 4th, 6th and 7th floor outdoor areas because of them! You know spring has officially arrived the day you spot your first roach!”

Maxwell Place has supposedly tried addressing this in the past, first blaming it on the landscaping mulch (“it wasn’t treated with pesticide…”) and later calling extermination companies to come in and treat the problem.

Makes you wonder if “extermination” companies actually ever do the proper job. Because if they did, wouldn’t they eventually go out of business?

Anyway, sucks to pay top dollar for “luxury” residences, only to have to deal with “third world” problems like this. Perhaps “water bugs” and living so close to the murky Hudson River make it impossible to fix?

Maybe they should factor these nasty conditions in when they do the property revaluation? Haha – not gonna happen!

Hoboken NJ

Technorati Tags: , , , , , ,

The Artisan

Hoboken still a “hot” Real Estate market apparently

To most people – whether a rental property like The Artisan building at 14th Street between Clinton and Grand Streets gets sold and “changes hands” might not seem like a big deal. But when “big shots” in the Real Estate world like LaSalle Investment Management get involved, it is supposedly a testament to the “strength” of the Hoboken rental market. Read on and see if you agree with that statement…

The Artisan Hoboken under new ownership LaSalle Investment Management

The Artisan sold for $33.5m – Just five months after leasing commenced

LaSalle Investment Management purchases 59-unit luxury residential development in Hoboken, NJ.

Argo Real Estate and Alpine Development announced this week that The Artisan, a 59-unit luxury residential development located at 1400 Clinton Street and 1440 Grand Street in Hoboken, NJ, has been sold for $33.55 million. The 102,000-square-foot, six-story, mixed-use building is comprised of two separate four-story apartment towers joined by a two-story base retail space. The property was purchased by LaSalle Investment Management in an off-market transaction.

Argo Real Estate, one of New York City’s longest-standing independent real estate companies, partnered with Alpine Development in a joint-venture for the project. They received a $16 million loan from Sovereign Bank in August 2012 to finance construction of the mixed-use development and began leasing of the 59 luxury residential units in October 2013.

With The Marketing Directors, Inc. as the exclusive marketing and leasing agent for the property, residential units at The Artisan were fully leased within four months.

For more than 60 years Argo has operated a property management, brokerage, and development firm in New York City. The Artisan marked Argo’s first development foray into the New Jersey residential market. Prior to this development, Argo completed several gut-rehabs including 562 West End Avenue.

“LaSalle Investment Management recognized that this development truly brought luxury loft-style living to the Hoboken residential rental market,” said Mark Moskowitz, CEO of Argo Real Estate. “Throughout construction, the entire development team remained dedicated to ensuring that The Artisan offered the highest quality amenities.”

The Artisan features luxury lifestyle amenities, including a state-of-the-art fitness center; lounge with catering kitchen, business bar, billiards and flat screen television, private courtyard with outdoor seating and fire pit, package room, and an on-site parking garage – all within walking distance from area transportation including the Light Rail, NY Waterways Ferry and local bus service.

Loft-style apartments feature soaring 9’4” ceilings, Golden Oak hardwood floors, Pella double-glazed Architect Series windows, in-home washer/dryers and floor to ceiling windows and private roof decks in select homes. Prices range from one-bedroom’s starting in the $2,400’s, two-bedroom’s starting in the $3,200’s, and three-bedroom’s starting in the $4,500’s. Ten of the 59 units are live/work style apartments and a gallery is located on the second base floor with an entryway on the first.

The Artisan is conveniently located near the last express bus stop before Manhattan, making the ride to the city a mere 15 minutes. The development is also adjacent to the 14th Street viaduct beautification project, which will provide green space and pedestrian throughways leading directly to 1400 Clinton Street and 1440 Grand Street upon completion.

Interiors within the residences boast premium custom kitchen finishes and fixtures, including contemporary Modena cabinetry with a custom wine rack, stainless steel pulls and soft close drawers, eggshell Ceasarstone countertops, premium Bosch stainless steel appliances, and polished chrome Kohler fixtures. Spa-like master bathrooms feature contemporary Modena vanity, Lagos Blue Ceasarstone vanity tops and backsplashes, and polished chrome Kohler fixtures.

Argo Real Estate is one of New York City’s longest-standing independent real estate companies. For more than half a century, Argo has set the standard for hands-on, consumer-focused, and ethical service as an owner/manager, third-party manager, and broker. Its portfolio includes residential and commercial holdings in Manhattan, Queens, the Bronx and New Jersey, with 5,500 units owned and managed by Argo, and 6,500 units managed on behalf of condominiums and cooperatives. The firm also specializes in converting buildings and has successfully transitioned numerous residential rentals to cooperatives and condominiums, covering all aspects from design, renovation and sales. Argo and its staff, many of whom have been with the company for decades, maintain a hands-on, client-driven philosophy. Mark Moskowitz leads the firm, which was founded in 1952 by his father Henry Moskowitz (1906-2008). www.argo.com

Alpine Development is led by William Rosato and specializes in high-quality, urban, multi-family developments. Mr. Rosato has over 20 years of experience in planning, designing and building residential developments, and has developed over 1,000 residential units in Hoboken over the past 10 years. www.alpinedevelopment.co

[Click to continue reading the rest....]

Hoboken NJ

Technorati Tags: , , , , , ,

Hoboken to the burbs

Hoboken to the burbs

Many people move to Hoboken from the outskirts of the NYC metro area so they can “live the city life.” Living in Hoboken has its share of upsides: Bustling night life, proximity to the “big city” and jobs, communal living amongst others and relative ease in transportation (without need for a car).

However, on the flip side, many people are also making the transition from “Hoboken to the burbs!” Those upsides include: Land, privacy, lower taxes, peace and quiet, better schools, and much more space.

To help people with their decision to vacate the flood-plain birthplace of baseball, Hoboken real estate agent Brian Murray has created the “Hoboken to the Burbs” seminar – along with a bus to schlep you around! (First bus leaves this weekend – Saturday, March 29th!)

Hoboken to the burbs

The “Hoboken to the Burbs” seminar gets wheels

On Saturday March 29th, the inaugural HOBOKEN to the BURBS Bus Tour leaves from the corner of 4th and Washington Streets at 9:15am to visit properties in Summit and Chatham – two of NJ’s most popular suburbs. Guided by top real estate agents from those areas, it’s a great way to start a home search because buyers can learn more and see more than they ever could on their own.

Just like the original seminar series, attendees can benefit from an expert’s account of the different towns, taxes, commutes, communities, prices, parks, etc. On these unique tours, as the bus visits several listings (some of which may be exclusives and all of which will be chosen specifically for a personalized experience), attendees can see first-hand how the location, features and condition of the house can affect the market value, and learn about the different types of homes for sale in these markets. Along the way, the suburban specialists will answer questions and point out the key areas and amenities – that may be essential in deciding where to live within a given town. As Stan Kay of Keller Williams Premier Properties, explains “Many buyers that go to an open house miss half of the town and seem overwhelmed with choices. This seminar is an easy way for families to reduce that stress, get the information they need, work with a team of top agents, and ultimately understand which town is the best fit for them.”

Tour homes with local experts in Summit, Chatham & Westfield

There is a second bus tour planned for April 12 to the Westfield area at 9am (both tours return to Hoboken by 1pm), then the HOBOKEN to the BURBS Bus Tour won’t hit the road again until the Fall of 2014. Sponsored by Amber Sky Mortgage VP and 13-year veteran of the mortgage banking industry, Joe Berg, who immediately saw the potential for home shoppers. “Buying a home is one of the most important life decisions, I am honored to help support an innovative program that offers an expanded platform of information and a team-integrated approach to help families have a smooth transition to the burbs.”

To RSVP, email Bus@HOBOKENtotheBURBS.com or visit HOBOKENtotheBURBSBusTour.com. Keep in mind that seating is limited and the sooner you register the more personalized the seminar will be.

About HOBOKEN to the BURBS

Conceived by Hoboken Realtors, Todd Filipps & Brian Murray, HOBOKEN to the BURBS is an informational Q&A session focusing on the suburban towns that many Hobokenites move to, and has helped over 150 people since the program started November 2012. The next scheduled (original) HOBOKEN to the BURBS seminar is Thursday, April 24 at 6:30pm. For more information on any of these programs, you can visit HOBOKENtotheBURBS.com or call the team directly @ (800) 355-1333.

BUS Tours:

  • Saturday, March 29 – Summit / Chatham areas
  • Saturday, April 12 – Westfield areas

Timing:

  • Trip is from 9am to 1pm.

Departs from:

Hoboken NJ

Technorati Tags: , , , , , ,