In a reversal from last year, the New Jersey Supreme Court has granted the City of Hoboken’s request to review their appeal of the Monarch Project that was shot down by the state’s appellate division.
By John Heinis/Hudson County View
“This is excellent news for Hoboken and our waterfront. From the very beginning of my administration, we’ve held firm to the belief that any large-scale residential development on the waterfront would pose a risk to the public safety of our residents and first responders,” Mayor Ravi Bhalla said in a statement.
“I’m thankful that the Supreme Court will allow us to make this argument, so we can protect our waterfront and preserve it for public, open space. Given this recent ruling, my administration will continue to explore any and all options to ensure the Monarch development does not get built and jeopardize public safety and our waterfront.”
The Monarch project, which would be be built on the waterfront in the 2nd Ward, would consist of two, 11-story towers, has been tied up in litigation for nearly six years.
In January, it appeared that the project was destined to happen after an appellate court decision ruled against Hoboken’s appeal, 11 months after the NJ Supreme Court declined to hear the city’s legal arguments.
Bhalla and the city have pursued settlement negotiations over the past several months with Shipyard Associates, the property owners of the “Monarch Project” land, to resolve the litigation between the city and Shipyard Associates.
At this evening’s city council meeting, Bhalla and city attorneys will brief the governing body on the status of settlement discussions with Shipyard Associates, as well as the potential impact of the Supreme Court’s determination, during a closed session hearing.
A spokesman for Shipyard Associates declined to comment.