The public was invited to a virtual meeting to take part in a presentation by LCOR, the City's Conditionally Designated Redeveloper, which provided the public with a summary of the proposed redevelopment for the Hoboken Yard Redevelopment Area. The LCOR Team described the proposal for the rehabilitation and activation of the Ferry Terminal and Warrington Plaza, the expansive improvements to Hudson Place and the NJ TRANSIT bus terminal, development of a new Class A office building at "Site 1," and a new residential development at "Site 2." After the presentation, members of the public were invited to ask questions and make comments. No City Council action was taken at the meeting.
March 15, 2022 Public Meeting Presentation (PowerPoint PDF)
March 15, 2022 Public Meeting Zoom Recording
A draft Redevelopment Plan Amendment that would allow the LCOR Proposal, as described in the March 15, 2022 public meeting, passed on First Reading on the March 23, 2022 City Council meeting and is expected to be heard on Second Reading at the April 6, 2022 City Council Meeting. The full Plan Amendment can be viewed using the link below.
Separately, a Redevelopment Agreement between LCOR and the City of Hoboken is currently being prepared between the parties, and upon its completion will require City Council approval. The adoption of the Redevelopment Plan Amendment and subsequently, the execution of a Redevelopment Agreement are critical steps for LCOR to demonstrate progress to the State of New Jersey for LCOR's funding applications necessary to complete the proposed public improvements to the Ferry Terminal Building, Warrington Plaza, Hudson Place, and the provision of 20% affordable housing.
2022 Hoboken Yard Redevelopment Plan Amendment
The Hoboken Yard Redevelopment Area was declared an Area in Need of Redevelopment in February 2007. In 2008, the City approached New Jersey Transit, the owner of the property, to prepare a plan that ended up with a total development square footage that was, in the end, determined not reflective of the character of Hoboken and was not adopted.
In 2011, the City decided to prepare a redevelopment plan for the site that was driven by the City, and hired the planning consultant Wallace Roberts Todd to prepare that plan. The planning process included significant community input and consensus building activities, including surveys, community meetings, stakeholder meetings, and input from the property owner. Following that extensive community-driven design process, the City completed a draft plan in September 2012. Before the draft plan could be adopted, Super Storm Sandy hit and presented additional sustainability issues that needed to be considered within the plan. The City incorporated additional measures into the plan to address flood damage prevention and the added costs to the implementation of the plan. The City conducted an updated economic analysis to consider the post-Sandy flood mitigation measures to make the plan more resilient and sustainable, and the Redevelopment Plan was amended accordingly and adopted in December 2014.
In the aftermath of Super Storm Sandy, the U.S. Department of Housing and Urban Development (HUD) awarded the State of New Jersey $230 million to implement stormwater infrastructure to resist, delay, store, and discharge stormwater from heavy rainfall and storm surge in Hoboken, Weehawken, and Jersey City. Hoboken's Rebuild by Design strategy includes a "Resist" structure that when implemented will act as a barrier during exceptionally high tide or strong storm surge events. The final alignment of this structure, which weaves its way through the Hoboken Yard Redevelopment Area, greatly reduced the development capacity of the 2014 Hoboken Yard Redevelopment Plan, precipitating the need for a major amendment to the Plan. The amendment was adopted in February 2020.
The public was invited to a virtual meeting to take part in a presentation by LCOR, the City's Conditionally Designated Redeveloper, which provided the public with a summary of the proposed redevelopment for the Hoboken Yard Redevelopment Area. The LCOR Team described the proposal for the rehabilitation and activation of the Ferry Terminal and Warrington Plaza, the expansive improvements to Hudson Place and the NJ TRANSIT bus terminal, development of a new Class A office building at "Site 1," and a new residential development at "Site 2." After the presentation, members of the public were invited to ask questions and make comments. No City Council action was taken at the meeting.
March 15, 2022 Public Meeting Presentation (PowerPoint PDF)
March 15, 2022 Public Meeting Zoom Recording
A draft Redevelopment Plan Amendment that would allow the LCOR Proposal, as described in the March 15, 2022 public meeting, passed on First Reading on the March 23, 2022 City Council meeting and is expected to be heard on Second Reading at the April 6, 2022 City Council Meeting. The full Plan Amendment can be viewed using the link below.
Separately, a Redevelopment Agreement between LCOR and the City of Hoboken is currently being prepared between the parties, and upon its completion will require City Council approval. The adoption of the Redevelopment Plan Amendment and subsequently, the execution of a Redevelopment Agreement are critical steps for LCOR to demonstrate progress to the State of New Jersey for LCOR's funding applications necessary to complete the proposed public improvements to the Ferry Terminal Building, Warrington Plaza, Hudson Place, and the provision of 20% affordable housing.
2022 Hoboken Yard Redevelopment Plan Amendment
The Hoboken Yard Redevelopment Area was declared an Area in Need of Redevelopment in February 2007. In 2008, the City approached New Jersey Transit, the owner of the property, to prepare a plan that ended up with a total development square footage that was, in the end, determined not reflective of the character of Hoboken and was not adopted.
In 2011, the City decided to prepare a redevelopment plan for the site that was driven by the City, and hired the planning consultant Wallace Roberts Todd to prepare that plan. The planning process included significant community input and consensus building activities, including surveys, community meetings, stakeholder meetings, and input from the property owner. Following that extensive community-driven design process, the City completed a draft plan in September 2012. Before the draft plan could be adopted, Super Storm Sandy hit and presented additional sustainability issues that needed to be considered within the plan. The City incorporated additional measures into the plan to address flood damage prevention and the added costs to the implementation of the plan. The City conducted an updated economic analysis to consider the post-Sandy flood mitigation measures to make the plan more resilient and sustainable, and the Redevelopment Plan was amended accordingly and adopted in December 2014.
In the aftermath of Super Storm Sandy, the U.S. Department of Housing and Urban Development (HUD) awarded the State of New Jersey $230 million to implement stormwater infrastructure to resist, delay, store, and discharge stormwater from heavy rainfall and storm surge in Hoboken, Weehawken, and Jersey City. Hoboken's Rebuild by Design strategy includes a "Resist" structure that when implemented will act as a barrier during exceptionally high tide or strong storm surge events. The final alignment of this structure, which weaves its way through the Hoboken Yard Redevelopment Area, greatly reduced the development capacity of the 2014 Hoboken Yard Redevelopment Plan, precipitating the need for a major amendment to the Plan. The amendment was adopted in February 2020.
