Future of North Hoboken?

8/28/2010 Update:

Construction progressing at 1450 Washington Street

Construction has picked up pace at the new Toll Brothers project called “1450 Washington.”

Spotted these Toll Brothers representatives having what appeared to be a very serious conversation last week. They said the site was safe and no problems should be expected.

Toll Brothers Construction at 15th and Washington Streets in Hoboken NJ - Future of North Hoboken?

See previous updates – after the jump!

7/2/2010 Update:

Construction starting at 1450 Washington in Hoboken

Last week, Hoboken411 told you that action was picking up in the area of 15th Street between Bloomfield and Hudson Streets. Well, it’s official: The project known as 1450 Washington Street (no fancy names for this building) – has begun.

1450 Washington Street Toll Brothers Construction Begins July 2010 Real Estate - Future of North Hoboken?

Good news: No pile driving!

Since this building is far enough from the waterfront, extensive pile driving is not necessary, as the building is being constructed with a “spread foundation” (or spread footing). Area residents should be thankful for that. The building will be 12 stories high, and have mixed-use retail on the ground floor. There are provisions in the plans for one restaurant (of a high caliber) – but that will depend on market conditions when the project is completed in about two years or so. Most buildings that Toll Brothers construct typically start out with the intention to be sold as condos.

6/26/2010 Update:

The construction noise is about to begin!

A Toll Brothers representative said that the next phase of construction is going to begin “any day now.”

Toll Brothers Construction Project uptown near Tea Building June 23 2010 Hoboken NJ - Future of North Hoboken?

6/3/2010 Update:

What’s up with this parking lot action?

A flurry of activity taking place at one of the parking lots along 15th Street this week. They moved the construction trailers from the lot west of Washington – to the lot to the east.

Does this mean that Toll Brothers is ready to break ground on yet another Hoboken hi-rise?

(click to see super-sized expanded version)
4074535 1b1 - Future of North Hoboken?


Often times, we just acknowledge what we “see” around us. But how frequently do you wonder what the future may bring, and what effects it might have on you, or the city you live in?

hoboken echo alley apartments - Future of North Hoboken?

Hoboken changes fast

A lot has changed in Hoboken in the past 10-15 years. So much new development has crept in, it’s totally shifted the look of entire quadrants of the city. Much of it is good, with safer streets, more places to live, play & hang out. However, the down side is the utter lack of parking, crumbling infrastructure and the economic risks associated with over-development.

This seems to be the “third renaissance,” as in the 1970’s and late 80’s the Barry’s (Applied Development), while much maligned at times, played an essential role in reviving Hoboken to what is is today. More on that another time.

In the mid-90’s the North/Northeast section of Hoboken was crap. Since then, thousands of new units have been created as the mid-rise apartment towers sprouted up. Starting with the Hudson Tea Building, and including Maxwell Place (once finished), over a dozen new towers have been created. This isn’t even considering the western edge of town, either! With Applied, Toll Brothers, Tarragon/URSA and Metro Homes all competing to get a piece of the Hoboken “Pot ‘O Gold,” it makes you wonder “when is it going to stop?”

What’s Next?

While the Real Estate market has been in the news lately, along with the volatile economy in general, doesn’t mean we’re all done with the growth.

In the picture below, I’ve put into perspective as to what the last remaining lots of N. Hoboken may have in store. Most of this property is owned by Toll Brothers. It’s part of the “Planned Urban Development” or PUD that includes all of the open properties around the Tea Building. Most of the property doesn’t have any final plans yet, and any changes or site plan approvals need to go before the planning board.

(click to see super-sized expanded version)
4074535 1b1 - Future of North Hoboken?

Toll is probably not in a big hurry to build there in this market. Their priority is to finish Maxwell Place and Harborside Lofts and then move back to the Tea Building complex. They are already at risk of flooding this market, and the last thing they want is Hoboken condo prices to drop further because they are putting to much inventory into the system. Supply and demand, you know?

There is one additional Applied building on the block just west of the Sovereign which is also moving forward through the planning board. On the north is another 12 or 13 story rental building, and possibly another to the south. Toll owns the property west of Hudson Street while the properties east are a combination of Applied-owned and city-owned land.

What will four or five additional towers mean for some small business in that area?

What about the “tiny” buildings like the bank, or City Bistro and Uptown Pizza? Imagine being on that rooftop bar completely surrounding by brick? Or maybe they’ll get a nice payday as the developer may want to buy them out.. who knows.

With tiny two-lane roads in and out of Hoboken, I’m not sure how much more growth we can sustain.

What are your thoughts?

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Sunday, August 29, 2010 1:46 pm

Why would anyone want to live in any of these buildings uptown? You’re living amongst a sea of giant condos, the parks are plastic and there’s very little true living space, the parks are green…..its cold in the shade because of all the towering buildings……..such a waste of $800,000 for 700 sq. ft. —

Tuesday, July 6, 2010 12:53 pm

This project makes complete sense, that is why it won’t get done. It consists of a World Class Developer that is capable of building in the worst real estate market since the “Great Depression”, with the ability to self finance. Oh yes, and they want to build commercial which will help pay for all the bonding for Parks and other improvements that the City will be doing over the next few years. But than again, we have to keep in mind all those that want to live in the past and have no vision for the future. I mean after all, Great Cities just appear right, they are not planned and built???? And don’t forget the argument of how a tall building on the out skirt of town will devastate Hoboken. Before buying that nonsense, go take a look at Paulus Hook and check out the Goldman Sachs Tower a block or two from the Brownstones. There are no traffic issues there or negative impacts that the naysayers predicted. Just a huge $5,000,000.00 check each year that goes to Jersey City directly. How terrible…..lol. If this Administration is interested in getting things done, they will have to stand up to the same groups that swore that the W Hotel, The Wiley Building, Maxwell Place, and the Rehab of the Tea Building would destroy Hoboken. Instead, those same buildings have helped elevate Hoboken, and pay for it’s 100 Million dollar budget. Just imagine how high your taxes would have been without… Read more »

Tuesday, July 6, 2010 10:25 am

“The company that built New York’s famed Rockefeller Center says it is putting the finishing touches on plans to construct a skyline-altering project in Hoboken’s industrial northern end.”


Thursday, June 3, 2010 10:07 am

Something’s definitely going on over there-now the trailers are gone!

Thursday, June 3, 2010 9:19 am

This is all interesting, but the REAL question is:


They’re actually doing something there as opposed to simply shuffling around trailers.

Reply to  emarche
Thursday, June 3, 2010 1:41 pm

My guess – astroturf for a soccer field. another lovely plastic park. [quote comment=”193133″]This is all interesting, but the REAL question is: WHAT IS BEING BUILT BETWEEN THE TWO BRIDGES UPTOWN?They’re actually something there as opposed to simply shuffling around trailers.[/quote]

Reply to  emarche
Friday, June 4, 2010 1:26 pm

Remediation site.[quote comment=”193133″]This is all interesting, but the REAL question is: WHAT IS BEING BUILT BETWEEN THE TWO BRIDGES UPTOWN?They’re actually something there as opposed to simply shuffling around trailers.[/quote]

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