• Hilton Hotel Planned for The Hoboken Waterfront: Some Major Updates

    The Hoboken waterfront is going to be gaining a new building: a Hilton Hotel will be built in the parking lot behind the Sinatra Post Office in downtown Hoboken, Mayor Ravi Bhalla shared in a statement this spring. The new proposed plan for the hotel will have 270 rooms and feature a rooftop bar — and has been the subject of negotiations between the city and the development company, KMS, for over 6 years. In a recent update as of October 9th, Hoboken’s mayor has shared some updated notes to the deal surrounding the hotel via a press conference and Twitter.

    Mayor Bhalla shared in the news during a press conference that the hotel’s developers agreed to a giveback plan that alotted over $3 million in public benefits to Hoboken for the Hotel Development Project. These ‘givebacks’ include a new community center {with a complete renovation of the former YMCA building}. The developer, KMS, has guaranteed $2 million to completely renovate the space — which will also include a new public pool that will be provided, according to Mayor Bhalla, at no taxpayer expense through this agreement.

    In addition to a new community center, the Hoboken Public Education Foundation will receive a $1 million donation, while Hoboken’s charter schools will receive $300,000.

    “My administration also negotiated with the hotel developer to ensure that the hotel’s height will be lower than the original agreement in 2017, and will be built using union labor with a guarantee of living wage jobs allocated for Hoboken residents,” Bhalla shared in his press conference this morning.

    “This project will bring a world-class hotel to the City of Hoboken for the benefit of residents and visitors alike,” Bhalla said back in March 2018. “When I ran for Mayor I promised any hotel would be consistent with the height and scale of the Hoboken’s south waterfront, and with the character and charm of our community.

    As part of the project, the Hoboken post office parking will be moved to a new underground garage. The building, which was constructed in 1931, will also be repaired.

    The hotel is being developed by KMS Development Partners, but a timeline is not available yet for its construction. The agreement will be voted on my by the Hoboken City Council on October 17th.

    In an interview with Jersey DigsKMS Principal Dennis Martin shared that a “sense of urgency is needed” on the project. “We first signed an agreement with the Postal Service for this project back in July 2012,” Martin shared. The company met with Hoboken government officials on March 14th, sharing a few different proposals and concept for the hotel and its surrounding areas — stressing a need for a 170,000-square-foot space to make the project viable. They also discussed lowering the height of the building.

    The city unveiled the new design at a press conference, noting that the new proposal for the hotel will be about 60 feet lower than the previous one design — which was a main concern from local residents. The new hotel plan denotes the building to match the Wiley building, which is next door. There will also be a 15th-floor banquet hall space, a new parking garage, and the post office will receive some updates.

    “We would like to thank Mayor Bhalla, his Administration and the Members of the City Council for their help in moving this project forward. We would also like to thank our friends and supporters in the Hoboken community who have also played an integral role in advocating for this project. Because of this collaborative effort, we now have the opportunity to build a new hotel on the waterfront that all Hoboken residents can be proud of and deliver on the myriad of financial and community benefits that the hotel will create,” said Dennis Martin, Principal at KMS Development Partners.

    “This project is in line with the character and charm of our city,” Mayor Bhalla said during the announcement. During the press conference, Martin of KMS shared he would like to start the project by year’s end.

     

    What do you think about the new hotel plans? Share in the comments below.

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