There will be two public meetings this week to discuss the proposal to construct a 14-story residential and retail building in western Hoboken in exchange for 1 acre of property for park space and a public gymnasium for the city.
The city is considering a proposal from Bijou Properties to continue the redevelopment of the Monroe Center site and the Pino property near the corner of 7th and Jackson streets.
"The location of the building
was selected to create a gateway and provide access to and expand upon
the future courtyard that is required to be built behind the Monroe
Center," according to a city statement.
A public meeting will be held from 7:30 to 9 p.m. on Thursday and 10 a.m. to noon on Saturday at the Jubilee Center at 601 Jackson St.
The Planning Board previously approved 75 residential units, ground-floor retail space and no parking spaces at the Monroe Center Phase V site at the northwest corner of 7th and Monroe streets, according to a city statement.
zoning for the Pino site would allow for a four-story residential property for a total
of 68 units and 63 parking spaces.
Bijou Properties has proposed to condense
development onto a portion of those two sites in exchange for providing 1 acre of land and a public gymnasium to the city.
would also provide nine affordable housing units. However, the proposal calls for a taller building—14 stories high—on the north end of the Pino property with a total of 181 residential units, 120 parking spaces and retail space on the ground level.