Economic Development

June 20, 2021

NEW BRUNSWICK, NJ – Almost nine in 10 New Jerseyans consider the cost of housing to be a “very serious” (55 percent) or “somewhat serious” (32 percent) problem, according to the latest Rutgers-Eagleton Poll in collaboration with the Housing and Community Development Network of New ...

Read more »

NEW JERSEY — In an effort to encourage the revitalization of vacant properties statewide, the New Jersey Economic Development Authority (NJEDA) will award 15 grants worth up to $50,000 each to eligible towns, counties, and redevelopment agencies. The NJEDA opened applications for its 21st ...

Read more »

HOBOKEN, NJ - Hoboken no longer eats a Verizza Pizza. The ovens are off at 152 Newark Street, as the short-lived but highly praised venue has gone dark for the time being. The news broke on their social media over the weekend, thus breaking the hearts of Mile Square City gourmands who were ...

Read more »

HOBOKEN, NJ -  Mission 50 has announced the appointment of Claire Pedulla to the newly created position of Director of Community. As a member of the Mission 50 leadership team, Pedulla will be responsible for spearheading the firm’s efforts to create an experience that fosters productivity, ...

Read more »

WASHINGTON, D.C. — The U.S. Department of Veterans Affairs has launched the Veteran Rapid Retraining Assistance Program (VRRAP) for Veterans who have lost their jobs due to COVID-19. Veterans participating in VRRAP will receive up to 12 months of tuition and fees and a monthly housing allowance ...

Read more »

HOBOKEN, NJ - Loose ends in the ever-evolving agreement over the Monarch project haven't been tied up necessarily, but they have been tucked away for now. Wednesday night the Council voted in favor of the latest iteration of the City of Hoboken's multifaceted development arrangement, in which ...

Read more »

HOBOKEN, NJ  – Waves of concern involving the knock-on impacts of Hoboken’s tentative agreement over Waterfront development continue to ripple throughout the rest of the City, as details regarding the Ironstate deal remain unresolved. After years of ongoing litigation, most of which have seen ...

Read more »

HOBOKEN, NJ – The Hoboken Cannabis Review Board met Wednesday night to discuss Harmony Foundation’s plan to open a dispensary at 95 Hudson Street.  Prior to the meeting, the Hoboken Planning Board and Hoboken Historic Preservation Board granted Harmony final approval to open in the historic ...

Read more »

HOBOKEN, NJ – In an effort to find an optimal location for a small business struggling to cope with COVID challenges, the City of Hoboken has found a temporary home for Prime Cycle at the iconic waterfront gazebo on the northeast corner of Pier A. For months, Prime Cycle has been utilizing the ...

Read more »

HUDSON COUNTY, NJ - After more than a decade of haggling, previously canceled potential projects and a consistent lack of funding, President Joe Biden’s $2 trillion infrastructure plan could finally see the development of another rail tunnel connecting Hudson County with Manhattan. The new ...

Read more »

HOBOKEN, NJ - The city of Hoboken is world-renowned for its incredible sandwiches. It’s also renowned for its densely populated, highly coveted real estate. In both those instances, things can get a little messy—the eyes can be bigger than the stomach, and when you try to squeeze too much in at ...

Read more »

HOBOKEN, NJ - Curtailing an ongoing eminent domain brawl, Hoboken Mayor Ravi S. Bhalla announced an agreement with Academy Bus to acquire an additional acre of land to double the size of the current Southwest Resiliency Park. Hoboken will acquire “Block 10” for $11 million from Academy, which sits ...

Read more »

HOBOKEN, NJ – "For every action, there is an equal and opposite reaction." While Issac Newton was a physicist, he could have been a Hoboken real estate developer—where the knock-on effect from one development in such a tight location will typically lend to creating the need for another. Last ...

Read more »

HOBOKEN, NJ – Marijuana may be legal in New Jersey, but turf wars from rival dealers are still to be expected. That point was made clear last week, when one Hoboken medical marijuana dispensary won its court case against a neighboring outfit over “transparency.” In September 2020, Secaucus-based ...

Read more »

HOBOKEN, NJ - The discussion over a decommissioned power station in southwest Hoboken will be recharged this Wednesday, as the City hosts a meeting to review potential redevelopment plans. The Marshall Street Substation is on the corner of 2nd & Marshall Streets, adjacent to the Hoboken ...

Read more »

HOBOKEN, NJ - Another perennial political football is getting back into the game, as the City of Hoboken is moving forward with the introduction of an amendment to the Neumann Leathers Redevelopment Plan. For decades, the blocks-long facility at the city's southern edge has been serving as an ...

Read more »

HOBOKEN, NJ - The Hoboken city council voted 8-0-1 in favor of approving the amended North End Development Plan during Wednesday night’s meeting.  Councilman Michael DeFusco abstained from voting. The plan, which was initially introduced to the council on January 27 and amended to incorporate ...

Read more »

HOBOKEN, NJ – A former cathedral of Hoboken sound is now getting a new look, as the Water Music Studio space at 931 Madison is up for redevelopment. Legendary artists like U2, the Allman Brothers, Dave Matthews Band, Beyoncé, Shakira, Sonic Youth and more once used the renowned facility as a ...

Read more »

HOBOKEN, NJ – An urban development odyssey spanning over a dozen years may be taking a sizeable step closer to completion Wednesday night, as the City Council is expected to cast a vote on Hoboken’s North End Development Plan. Highlights of the latest concept put forward include the realization ...

Read more »

HOBOKEN, NJ - Birthplace of the Zipper, Baseball, and American Brewing, Hoboken has long been known for its spirit of innovation. Efforts are underway to keep that spirit alive, as the Stevens Venture Center—in step with the City of Hoboken's recently completed Innovation Center Feasibility ...

Read more »

HAMILTON TOWNSHIP, NJ -- Governor Phil Murphy was in Hamilton Monday to tout two programs his Administration believes will boost efforts to transform dilapidated and abandoned properties into vibrant parts of the community, While remediation has historically been a major barrier to successful ...

Read more »

HOBOKEN, NJ - Back in July 2019, the City of Hoboken touted a proposed settlement in its ongoing case with Applied Development Company, a.k.a. Ironstate, over the Monarch Project on the northern edge of the Waterfront. The development project, which had been tied up in courts for years, saw the ...

Read more »

HOBOKEN, NJ - The Hoboken Business Alliance (HBA) announced the winners of its holiday window decorating contest, “Window into Hoboken,” which rewarded the efforts of local businesses and encouraged participation in beautifying Hoboken for the holidays. Storefront windows throughout the Mile Square ...

Read more »

HOBOKEN, NJ - Now's your chance to say, "I remember when this was all factories." The ongoing evolution continues in Hoboken, as the City has unveiled a Redevelopment Plan for the North End. Roughly 30 acres of industrial land in the northwest area of Hoboken. The latest concept introduced ...

Read more »

TRENTON, NJ – The New Jersey Economic Development Authority (NJEDA) is poised to launch its Brownfields Loan Program, an initiative that will make low-interest loans of up to $5 million available for projects that seek to remediate and redevelop sites that have sat vacant or underutilized for ...

Read more »

HOBOKEN, NJ – Workers gathered outside a luxury residential building in Hoboken Thursday afternoon to express their disappointment over job cuts enacted at the start of the year. The 128-unit residence, known as The Juliana, is owned by AEW Core Property Trust. Ownership terminated its contract ...

Read more »

HOBOKEN, NJ - The City of Hoboken and the Hoboken Business Alliance have announced the availabilty of COVID-19 testing for all Hoboken business owners and employees this week through the City’s partnership with ivee. Testing through ivee is open to any business employee working at a Hoboken ...

Read more »

HOBOKEN, NJ - The Hoboken Business Alliance (HBA) has launched its holiday window decorating contest, “Window into Hoboken,” to showcase and support local Hoboken businesses. Storefront windows throughout the Mile Square will be creatively decorated this holiday season as business owners have a ...

Read more »

HOBOKEN, NJ – The wheels keep turning on the bike lane question for Hoboken’s Washington Street. Last week the City Council voted 6-3 to approve a measure sponsored by 5th Ward Councilman Phil Cohen that would allow the City to hire a Traffic Engineer and assess redesigning bike lanes on Washington ...

Read more »

HOBOKEN, NJ - Hoboken's vibrant and vital hospitality industry is facing yet another setback, following a controversial executive order by Mayor Ravi Bhalla that pushes up closing time to midnight in the Mile Square City. The move comes as Hoboken sees a steady uptick in COVID-19 cases.

Read more »