LCOR has a team to redevelop Lackawanna, but still short on plans

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LCOR has announced the team it has assembled to turn the old Lackawanna railyard near the Hoboken PATH station into a one million square feet mixed-use community.

The company– which was first tapped as the master developer for
what’s been called the Hoboken Yard Redevelopment Plan in 2005 – said it hopes
to begin predevelopment work next year.

However, specific details of the newly-christen Hoboken Connect – situated on the Hoboken Waterfront, within the footprint of and directly adjacent to NJ TRANSIT’s historic Lackawanna Terminal – remain vague.

“Hoboken Connect represents a transformative economic development opportunity for the City of Hoboken, NJ TRANSIT, and the State of New Jersey,” said Brian Barry, senior vice president of LCOR. “We thank Governor Murphy, Mayor [Ravi] Bhalla and our partner, NJ TRANSIT for their leadership in stewarding a path forward that preserves this incredible opportunity to realize smart planning, resiliency, historic preservation, investment in NJ TRANSIT and City infrastructure.

“We look forward to working with our incredible team of project
partners involved to bring this job-generating, transit-oriented development
and world-class transit hub to life once again.”

In a press release announcing the team that will be working
on the project, LCOR said: “Upon completion, Hoboken Connect will revitalize
one of the main gateways to the City of Hoboken through the preservation and activation
of key NJ TRANSIT infrastructure and facilities, investment in and
redevelopment of City infrastructure and roadways, delivery of new open space,
robust resiliency initiatives and the delivery of 1+ million square feet of
new, mixed-use development.

“The project is expected to amplify economic growth and
opportunity in the state of New Jersey, while restoring NJ TRANSIT’s Hoboken
Terminal as a world-class, transportation hub.”

The Hoboken Yards area was declared an Area in Need of
Redevelopment in February 2007. In 2008, the City had New Jersey Transit, the
owner of the property, prepare a plan that ended up with LCOR being retained as
master developer.

In addition to the flood mitigation measure, earlier plans have include two new towers with 10 percent of units set aside as “affordable,”  indoor public space, public spaces including a pedestrian plaza at Hudson Place and Warrington Plaza, and bicycle paths connecting a redesigned Observer Boulevard to the waterfront.

Barry told RE-NJ LCOR has been assembling its team since early last year, when it secured approvals for an amended, scaled-down redevelopment plan at the site. he told the blog that the team is now coordinating with NJ Transit, Hoboken city leaders, the state Department of Environmental Protection and other agencies to develop plans for infrastructure improvements and to determine which types of buildings will occupy the site.

The newly announced development team include NJ TRANSITand the City of Hoboken, Beyer Blinder Belle, Cetra Ruddy, FX Collaborative and Matthews Nielsen Landscape Architects will serve as the project’s architects, leading all design efforts including private development, public infrastructure improvements, resiliency initiatives and historic preservation.

 Engineering and
construction firms engaged for this complex undertaking include Colliers
Engineering, ICOR Associated, MG Engineering, Mueser Rutledge Consulting
Engineers, Thorton Thomasetti, Holt Construction and AECOM Tishman.

Ed Duenas, Jon Fales and Ron LoRusso of Cushman & Wakefield and Eric Reimer of Byrnam Woods will lead the project’s leasing efforts.

Rendering top via LCOR

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