Hoboken Connect’s 704K-square-foot office building launches leasing (slideshow)

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LCOR is offering a glimpse of the 21-story Class A office building coming to Hoboken Connect, the mixed-use transformation underway along the waterfront in Hudson County.

The June 1 renderings reveal coincides with the start of leasing at the 1 million-square-foot, transit-oriented redevelopment effort, the fully integrated real estate investment, development and management company announced.

Hoboken Connect, which broke ground last October after stalling for more than a decade, is a public-private endeavor comprising the Murphy administration, New Jersey Transit, the City of Hoboken and LCOR that will reimagine significant portions of NJ Transit’s Hoboken Terminal to create a “campus-like” environment along the city’s southern edge to welcome employers, employees, resident and commuters.

At 704,355 rentable square feet, the office component will feature floorplates ranging in size from 30,000 square feet to 40,000 square feet, according to LCOR. The ground floor will feature 4,330 square feet of retail space to help activate the local experience for tenants and residents. Amenities at the building will include a conference facility, tenant lounge and green spaces, open work areas, food and beverage options, outdoor and rooftop terraces, and a bike room with locker room and shower facilities.

The building will offer an ideal view, with sightlines toward New York City from the George Washington Bridge to lower Manhattan and including the Hudson Waterfront and part of the Garden State.

“We are excited about the official launch of our leasing efforts for Hoboken Connect’s office component, a major milestone in our execution of this broader redevelopment project,” Brian Barry, senior vice president, LCOR, said in a statement. “The vision for Hoboken Connect was developed through an appreciation for the history and significance of Hoboken Terminal, the City of Hoboken, and the people who work, live and move through this space. This redevelopment will leverage, enhance and complement this multi-modal transportation hub’s irreplaceable access to Manhattan and interior part of New Jersey, the vibrancy and culture of this dynamic community, and proximity to an array of amenities that will make Hoboken Connect the opportunity in New Jersey for a corporation to call home.”

With all it will have to offer, the new building seeks to tap into the flight to quality that persists in the office sector as vacancies continue to grow and employers look for spaces to keep their workers engaged and energized.

A Cushman & Wakefield team of Executive Director Ed Duenas, Executive Managing Director Jon Fales and Vice Chairman Ron LoRusso will work in partnership with Principal Eric Reimer of Byrnam Wood to lead leasing efforts on behalf of LCOR.

In a joint statement, Reimer and Duenas noted on the uniqueness of the project–including the ease of access it provides to public transportation.

“Hoboken Connect is a one-of-a-kind development, ideally located to provide ultimate convenience and accessibility. As the only NJ TRANSIT train station situated on the waterfront, it offers unparalleled connections via NJT train, NJT bus, Hudson Bergen Light Rail, NY Waterway Ferry and PATH, making it the perfect destination for commuters and residents alike,” they said. “Its world-class design features a unique blend of office, residential and public spaces, all integrated within a seamless and connected environment, for the ultimate live, work, play community.”

Stakeholders estimate the multi-phased project, when complete, will directly and indirectly support 15,290 permanent jobs and $234 million in annual tax revenue. Hoboken would also gain more than 4,000 estimated, onsite jobs with $9.6 million in annual retail spending and $4.5 million in annual revenue. The project will create nearly 10,000 construction jobs.

This office component of Hoboken Connect will be complemented by a 386-unit residential property, with 20% of units designated as affordable. That part of the development, designed by CetraRuddy, marks the largest new, affordable housing project built for Hoboken in more than 10 years, according to LCOR.

Hoboken Connect will also entail the historic preservation and activation of NJ Transit’s historic Lackawanna Ferry Terminal Building, which dates to 1907; the transportation agency’s Warrington Plaza; and a new bus terminal.

According to LCOR, additional project partners include: Beyer Blinder Belle, SLCE, FX Collaborative and Matthews Nielsen Landscape Architects serving as the project’s architects and leading all design efforts including private development, public infrastructure improvements, resiliency initiatives and historic preservation. Colliers Engineering, ICOR Associated, MG Engineering, Mueser Rutledge Consulting Engineers, Thornton Thomasetti, Holt Construction, Hudson Meridiaen and Pavarini McGovern were engaged for engineering and construction.