The Hoboken City Council adopted a redevelopment plan for 930 Monroe St., which includes $15 million being allocated for a resiliency park and green circuit.
By John Heinis/Hudson County View
The project will erect three 11-story mixed-use buildings on Monroe Street incorporating 675 residential units over three city blocks, 68 of which will be set aside for affordable housing.
The development will also include a minimum of nearly 47,000 square feet of ground floor commercial retail space as well as on-site stormwater management to detain nearly 360,000 gallons of stormwater to further mitigate area flooding caused by heavy rain events.
“I couldn’t be more thrilled that Western Hoboken will continue to be revitalized with this new, mixed-use development while also realizing critical funds to build out a new resiliency park at 800 Monroe,” Mayor Ravi Bhalla said in a statement.
” … This will be yet another game-changing project that will create a more vibrant and attractive city for our residents and visitors, and I’m proud to have worked with the developer, as well as the City Council members to make this possible.”
The resiliency park will be built on 1.4 acres of land at 800 Monroe, which is now owned by the City as a part of the Monarch waterfront property acquisition. Just over a year ago, the city released a request for proposals to construct the project.
Additionally, funds will also be utilized to build out Hoboken’s multi-modal Green Circuit path adjacent to the buildings as called for in the Western Edge Redevelopment Plan and the city’s Master Plan, which will include a protected bike lane and a pedestrian path.
“This is a project I’ve been proud to work on, hand in hand with the administration. It will provide significant benefits to residents of Western Hoboken including the Third Ward,” noted Council President Mike Russo.
“In particular, the community givebacks will go a long way to helping build out a large park at 8th and Monroe with millions of dollars in funding now available. The whole project is an important victory for Hoboken as we develop responsibly and continue to make areas west of Willow Avenue an even better place to live and raise a family.”
Furthermore, an Amazon warehouse and fulfillment center currently sits on the 930 Monroe St. site, which will be demolished in the first phase of the project to accommodate the new, mixed-use development.
“The approval of this Redevelopment Agreement marks the end of an era for the 5th Ward— an era featuring 5,000 Amazon deliveries 24 hours a day, 365 days a year,” noted 5th Ward Councilman Phil Cohen.
“Now, 2 1/2 blocks of the Western Edge of our community will have three mixed-use, Silver LEED certified buildings with large green roofs, storm water management for at least 360,000 gallons of stormwater, nearly 50,000 square feet of new retail/commercial space, and a large, landscaped greenway, including seating areas surrounding a protected multi-modal recreational pathway connected to the city’s new western edge greenway.”
The measure was approved 7-2, with Councilwomen Tiffanie Fisher and Jen Giattino voting no.