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Developer Looks to Revamp Hudson Place Area

The waterfront establishment recently changed hands and is celebrating its grand opening on Friday night.

A revamped Teak on the Hudson is celebrating its new ownership on Friday night, with a VIP party on the second floor of the Asian-themed restaurant. For the new landlord—Maridian Properties, under the leadership of Mario Fini—it is the beginning of the transformation of the area.

Maridian Properties now owns six buildings on Hudson Place, making it the largest landlord in the area. 

Fini, 47, who is a batallion chief in the Hoboken Fire Department, said that with a new and revamped Teak, Maridian Properties has the tools to "transform the area." 

Fini took over the building on July 1, from prior owner Michael Accardi, who also owns Lana, which is currently closed and under construction. 

Maridian Properties now owns six buildings on the block across the street from the Hoboken Terminal. 

On Friday night, Teak will celebrate its new ownership with a party for roughly 250 guests. The establishment will see a new menu and a new staff. A party planner has been hired, Fini said, and the second floor will be available for large corporate parties, bar mitswahs and sweet sixteens.  

Next door, in the space formerly occupied by Cammareri's Bakery, a trendy new hair salon will open up, Fini said. 

Another reason to buy the building, Fini said, is the upcoming New Jersey Transit Development of the Hoboken Terminal and downtown area around Hudson Place. After years of delays, both the city and NJ Transit have introduced plans for the 52-acre site. 

"We want to be at the table," Fini said.  

With Teak to fill the puzzle, Fini said Maridian Properties could be an instrumental stakeholder in talks with NJ Transit and the city as the plan develops further. 

"It was a strategic purchase," said Fini, who started as a developer back in 1986. 

The ultimate goal, he continued, is to make the area a hot spot for Hoboken. For example, Warrington Plaza, which Fini said most people don't even know about or simply bypass. 

Fini said he is also thinking to "coin a name for the area." One of the names that have crossed his mind, he said, is "the Rail District."  

While it's unclear what the exact timeline will be of the NJ Transit site development, the new Teak is set to open Friday night, with a VIP party from 6 to 9 p.m. at the upstairs room. 

QJ201 September 28, 2012 at 10:20 PM
Regardless of any plans, Warrington Plaza hold no appeal while NJ Transit workers, construction workers, etc., use it as a parking lot...and don't forget the Gray Elephant facing the plaza. Nothing has lasted in that space, a few restaurants/clubs came and went...
Laurie Michelson September 29, 2012 at 11:12 AM
Just what Hoboken needs, yet another 'trendy' hair salon.
Athena Thomas September 29, 2012 at 11:28 AM
Hope Teak will still continue half price Monday and Thursdays!
Furey September 30, 2012 at 03:55 AM
Hair salon is Mad One Jacks 2nd salon
green October 02, 2012 at 02:44 AM
So I bet he got rid of half price Mondays and Thursdays just like he's getting rid of Oddfellows. How does a Fire Chief make enough money to buy up all of these businesses?
Laurie Michelson October 02, 2012 at 02:01 PM
Now it makes total sense.
Wax January 05, 2013 at 12:15 AM
you got that backwards, why does a guy with all that dough a fire chief?

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