Real Estate
Now That Hoboken Approved 25-Story Affordable Housing Building, What's Next?
Hoboken intends to build a mixed-use tower on the spot where city-owned Garage B sits. What's the next step?

HOBOKEN, NJ — Hoboken's City Council voted 5-3 on Wednesday night to move forward on the Garage B Redevelopment plan, which will include a 25-story building containing workforce and affordable housing.
The proposed building at Second and Hudson streets would rise on the current site of municipal Garage B. READ MORE: Hoboken Parking Garage To Become Residences
The city's Planning Board had voted Monday that the project does not conform to the city's master plan. But several council members said there was a pressing need for reasonably priced housing in the city. And few available properties remain.
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The City Council voted 5-3 in favor of the project.
Councilman Jim Doyle, Councilman Paul Presinzano, and Councilwoman Tiffanie Fisher voted no.
Find out what's happening in Hobokenfor free with the latest updates from Patch.
"The city will now work to issue a Request for Proposals (RFP) to qualified developers for concept plans that align with the redevelopment plan," city spokesperson Marilyn Baer told Patch on Thursday.
"Once a conditional redeveloper is selected, multiple studies, as required in the redevelopment plan, will need to be prepared before a redevelopment agreement is finalized."
She said there will likely be several public sessions to discuss the project as it moves forward.
The city anticipates several future public engagement sessions will be held throughout this process.
The city had explained, in an earlier announcement, "Garage B is a 40-year-old municipal parking garage in substantial need of repair ... The plan seeks to transform the property to a transit-oriented, mixed-used site to include a new state-of-the-art municipal parking garage, active ground-floor retail, and residential housing."
You can watch a video of this past Wednesday's meeting on the city's Facebook page, head to City Hall, 94 Newark St., or watch on YouTube.
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