3rd & Park – What Next?
3rd & Park – What Next? Any Takers?
The retail space the former Hoboken Dive Center took up at 3rd & Park was still for rent the last time we checked. Wonder what’s taking so long?
Same goes for other curious spots in Hoboken like at 13th & Park as well.
What could be the reasons?
- My first guess is that the rent is likely too steep for most prospects. I’d suspect the property owner can only tolerate an empty, non-revenue-producing space for so long before the rent drops.
- A funny location? It’s not far from the main action in town, has a park a block away, and is south enough to the PATH to have at least some appeal. But Park cuts off for drivers too, and might play a role?
- Limited tenants? Not sure if they can zone this for food or not.
What does this area of town need? Or want?