The Hoboken Railyard is the largest mass transit connection point between New York and New Jersey. The Hoboken Terminal complex is a mega hub for the PATH subways, light rail vehicles, passenger trains, buses and ferry service. This flood prone area resides at the southeast most point of Hoboken and northeast point of Jersey City. Excluding some new construction on the outer perimiter it has remained mostly untouched throughout the Gold Coast Boom.
Well all that is about to change, LCOR, which has offices in Manhattan, Pennsylvania and Maryland has created HT&R (Hoboken Terminal and Railyard). LCOR conducted a complete redesign and calls for locals to “Reimagine Hoboken” and features several exciting new renderings highlighting the proposed buildings and public spaces for the retail, residential and office project. The website claims that the project could involve the construction of a new bus terminal, create 52,500 jobs, and generate $306 million in new tax revenues.
LCOR has begun aggressively marketing with a new Instagram account for the project where the company shared the renderings, the firm also began posting on the development’s Facebook account, where it states that “Hoboken Yard has all the ingredients to make it an extraordinary district within the city and region.” Whoever created these renderings needs to receive a bonus.
The redevelopment of the property surrounding Hoboken Terminal date back to 2005. In 2014, the Hoboken City Council voted to approve a redevelopment plan for the entire site.
Only time will tell if this is a pipe dream or reality. At NYNJ.COM we sincerely hope that they will finalize this project and move froward with construction as this is a main artery and vital for the economic health of New York and New Jersey.
Written by Seth Goldstein