Hoboken’s $900 million Hoboken Connect project, led by LCOR, is poised to transform a 15-acre stretch of waterfront into a walkable, mixed-use urban hub. The development seeks to enhance Hoboken’s connectivity with New York City, offering a vibrant space that combines residential, office, retail, and public spaces. The project aligns with trends identified in a recent Cushman & Wakefield report, which emphasizes the growing importance of walkable urban areas (WalkUPs) in economic development.

LCOR’s initiative aims to create a dynamic, multi-functional space by redeveloping underutilized land and buildings. The development includes 386 residential units, 20% of which will be affordable housing, a 21-story office building, 15,000 square feet of retail space, and significant infrastructure improvements in collaboration with NJ TRANSIT and the City of Hoboken.

"With Hoboken’s proximity to New York City, we see incredible potential for this waterfront district," said Brian Barry, Senior Vice President at LCOR. "It’s about creating a destination where people can live, work, and play."

Set for completion in phases, the residential units will begin construction in December 2024, with the first move-ins expected in 2027. Sustainable features, including LEED certification targets, geothermal energy systems, and eco-friendly public space designs, will be integral to the development’s success.

The project also celebrates Hoboken’s historical elements, with adaptive reuse of sites like the Hoboken Terminal and the Ferry Terminal. “This development brings together historic preservation with modern design,” said Nicholas Pasquenza, SVP-Development and Construction at LCOR.

Hoboken Connect’s planned pedestrian plaza, diverse retail, and transportation links aim to foster a vibrant, sustainable environment, making it a key player in Hoboken’s future growth.