What’s on the Horizon for Hoboken Development

The City of Hoboken recently announced exciting development news. KMS Development Partners closed a deal on 8/3/22 to build Hoboken’s second hotel, a 20-story Hilton. Construction is expected to begin in 2023 at 1 Sinatra Drive South. The new Hilton Hotel will rise 20 stories around and above the Frank Sinatra Post Office, which will remain intact. The image below reflects a rendering of proposed plan. 

*source: The Jersey Journal. Full story available here.

Hoboken also announced Harborside Park construction will begin in 2023 as part of a statewide initiative, Rebuild by Design, to protect flood prone areas including Hoboken and parts of Weehawken and Jersey City. The state will fund the $100m project, which will span 2 acres and include a dog run, lawn areas, a waterfront plaza and seating areas. Once completed, it will be the first park in New Jersey with elevated flood protection features. The image below reflects a rendering of proposed plan. 
*source: TapInto.net Full story available here.
The Rakela Team
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