Hoboken redevelopment project with hotel and 207 resi units moves forward

New York /
Apr.April 30, 2019 04:45 PM

A 1.83-acre property at 1300 Jefferson Street in Hoboken secured city council support last week, JerseyDigs reported. Hoboken City Council members adopted the redevelopment plan for the property, which includes the construction of a hotel, 207 residential units and 18,213 square feet of retail space. According to city documents, the redevelopment plans submitted by Just Block 112 LLC and 707 Church LLC include 5,234 square feet of open space. According to JerseyDigs, a previous application to build a bowling alley along with two towers was rejected by the zoning board in June 2014. That proposal included 21 affordable housing units. The current project is being led by Mark Villamar and Hany Ahmed, a pair of local developers who were previously part of the Pilsner Haus Biergarten restoration at the nearby 1422 Grand Street, just two blocks from the proposed Jefferson Street development. Both properties fall within Hoboken’s Redevelopment and Rehabilitation Areas. As part of the city’s Western Edge Redevelopment Plan, which encompasses six block in the northwestern edge of the city, the site’s developers are eligible for a tax exemptions up to 30 years. [Jersey Digs]


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