Construction Begins on Major Mixed-Use Project in Hoboken
1000 Maxwell Lane will feature additional street-level retail, six stories of state-of-the-art office, and five stories of condominiums.
HOBOKEN, NJ—Construction began this week on a major mixed-use project at 1000 Maxwell Lane, the final building in Toll Brothers City Living’s major mixed-use development at historic Maxwell Place being developed with Pinnacle Downtown.
1000 Maxwell Lane will feature street-level retail, office space and luxury condominiums. The development at the intersection of 11th Street and Maxwell Lane in Uptown Hoboken, is part of Toll Brothers City Living’s larger Maxwell Place development that includes three luxury residential towers comprising 755 units, a waterfront park, and a diverse mix of retail.
1000 Maxwell Lane will feature additional street-level retail, six stories of state-of-the-art office, and five stories of condominiums.
Transwestern Commercial Services has been retained to provide leasing services for the 110,800 square feet of planned office space, with TCS managing director Matt McDonough heading the leasing team.
“Maxwell Place is a unique project that brings diversity to the Hoboken waterfront, and 1000 Maxwell Lane is an important final component of the project,” says Henry L. Waller, VP of Toll Brothers City Living. “Being the first speculative office development built during the current market cycle, 1000 Maxwell Lane is a distinctive mixed-use project meeting the needs of Hoboken’s growing community of entrepreneurs, new ventures, and tenants in the technology, advertising, media and information industries.”
Transwestern notes that in addition to being able to recruit and retain top talent by offering of high-function workspace designed to spur creativity and collaboration, office tenants of the new building will benefit from a prime location in the sought-after uptown Hoboken neighborhood that offers direct ferry service to Manhattan. The site is also located near the Stevens Institute of Technology, which is one of the premier engineering and technology institutions on the East Coast.
“Toll Brothers City Living saw the need for creative office space in Hoboken, where the market currently has an emphasis on the needs of more traditional tenants,” said McDonough. “With the distinct and technologically advanced space at 1000 Maxwell Lane, Toll Brothers is creating a greater balance in the Hoboken office market, with spaces catering to the booming number of TAMI companies and innovative start-ups on New Jersey’s Gold Coast.”
Maxwell Place is adjacent to the 14th Street NY Waterway ferry terminal, approximately a mile from the Lincoln Tunnel entrance and Route 495, which provides access to the New Jersey Turnpike as well as Routes 3, 1 and 9. Multiple public transportation options are available in the area including the Hudson-Bergen Light Rail, PATH trains, NJ Transit lines, and NY Waterway.