Here’s a little tidbit about the abandoned warehouse at 900 monroe that received Zoning Board approval for the first high-rise in the Northwest area of the city.
Right near the homeless “Shanty Town” village, Tarragon got the go ahead for a 12-story blob to further stress Hoboken’s infrastructure to the limits. Just as a note, I don’t have issues with nice buildings, friendly tenants, and more economic injection to our city, but when all this building takes place with zero regards to what impact it may have to: traffic, sewerage, parking, quality of life, (and so on – ad infinitum) I start to get worried.
Have 5th Ward Council Candidates addressed this issue yet? I’m sure many residents are wondering what all this development will mean. I suggest that parking regulations be re-organized. For instance, if a building has 112 units… they should build 400 parking spots on-site (for visitors, multiple vehicle units, and even public parking) but that never happens. Which is why each new building that goes up they just build to the “maximum”, thus further stressing that neighborhood further and further?
WHEN WILL SOMEONE GET THIS? Do we need a complete overhaul of our City Council for this to happen?
Tarragon, URSA Get Approval for 112 Unit Hoboken Multi Family
April 23, 2007
By Adam Perrotta, News Writer
Tarragon Corp. and locally-based URSA Development Group have received the necessary approval to begin construction on a 12-story, 112-unit condominium project in Hoboken, N.J. On Friday, the city’s zoning board of adjustment granted final site plan approval for 900 Monroe, which is to be the first luxury high-rise development and seventh residential building in Tarragon and URSA’s Upper Grand community.
With the approval in place, the developers will begin construction in June of this year. 900 Monroe is planned to include one-, two- and three-bedroom units, including 10 two-bedroom duplexes. In addition, the building will feature 7,600 square feet of retail space and an outdoor café. The development will be located adjacent to the 9th Street light rail station. In February of 2007, the Upper Grand community was awarded the National Association of Homebuilders’ Best in American Living Award for “Best Urban Smart Growth Neighborhood/Community.
Tarragon develops both rental and for-sale multi-family housing, concentrating its activity in the Northeast, Florida, Texas and Tennessee. The firm is currently involved in the development of three other multi-family projects in the area: the $115 million mixed-use project in East Hanover, N.J., which will include 200 townhouses and condos along with 100,000 square feet of retail; a $350 million, 783-unit development in Ridgefield, N.J., which will feature 220,000 square feet of retail as well as a 150-room hotel; and a $125 million, 167-unit condo project in Stonington, Conn.
As of this afternoon, shares of the publicly-traded firm were trading at $9.71 on NASDAQ, down 1.32 percent.