A ground-breaking ceremony was held last week for the first phase of a mixed-use project at 700 Jackson Street, located on two blocks between 6th and 8th streets in Hoboken, N.J. The first phase will see the construction of a single-story, 6,835-square-foot community gymnasium along Jackson Street, between 6th and 7th streets, and public park space across both blocks. Significant infrastructure work will also be done as part of the first phase, expected to be complete by 2019, Jersey Digs reported.
The second phase features a 14-story, 424-unit mixed-use building between 7th and 8th streets. The building will feature 30,000 square feet of ground-floor retail space. The apartments will be rentals, with 10 percent, or 42 units, renting at below-market rates. Construction on the second phase cannot begin until the first phase is complete.
Bijou Properties and Boston-based Intercontinental Real Estate Corporation are the developers. Marchetto Higgins Stieve Architects is responsible for the design.