Developer creates artistic hub in Hoboken

New York /
Nov.November 15, 2011 11:45 AM

A plan to transform an industrial zone in Hoboken into a thriving artistic hub is taking shape, the Wall Street Journal reported, as developer Hershey Weiss continues the renovation of a former factory building.

Weiss purchased the building, at Monroe and 7th streets in Hoboken, earlier this year by purchasing the debt on the property from the bank, the Journal said. He is carrying out $3 million in renovation work. The new hub has started to attract new tenants to the offices and artists’ lofts, he said; deals have been signed with a bridal studio, two artists and a children’s fitness center.

The building has been used since 1990 as the Monroe Center for the Arts, but its former owner filed for bankruptcy protection in 2008.

“You would not imagine anything like this in this part of New Jersey,” Weiss said. “It makes you think of Dumbo or the Village [in New York City.]” [WSJ]


Related Articles

arrow_forward_ios
614 Hudson Street in Hoboken (Photos via Brown Harris Stevens)
Sign of the times: Hoboken townhouse sells $1M below ask
Sign of the times: Hoboken townhouse sells $1M below ask
Hoboken City Council's Michael Russo with 308 Willow Avenue (Google Maps, Hoboken, Getty)
Hoboken hospital eyed for eminent domain
Hoboken hospital eyed for eminent domain
75 Park Lane South (Plaza Construction)
This year’s top-selling Hudson County homes
This year’s top-selling Hudson County homes
Skylight Real Estate's Bennat Berger with 300 Grand Street (Skylight Real Estate, Street Easy, iStock)
Scarcity play: Hoboken apartments fetch $56M
Scarcity play: Hoboken apartments fetch $56M
LCOR reveals renderings for Hoboken Terminal redevelopment
LCOR reveals renderings for Hoboken Terminal redevelopment
LCOR reveals renderings for Hoboken Terminal redevelopment
Steven Pozycki, chief executive officer, SJP Properties, in front of 111 River Street in Hoboken, NJ (SJP Properties, LoopNet, iStock)
SJP, David Werner buy waterfront Hoboken office, retail property
SJP, David Werner buy waterfront Hoboken office, retail property
Hoboken penthouse breaks record with $4.2M sale
Hoboken penthouse breaks record with $4.2M sale
Hoboken penthouse breaks record with $4.2M sale
614 Hudson Street in Hoboken, NJ (Redfin)
19th Century townhouse in Hoboken listed for $7M
19th Century townhouse in Hoboken listed for $7M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...