HobokenA window of opportunity on the waterfront

Right here and right now, we have the opportunity, resources, and the KMS/Postal team to, at last, realize the potential of Hoboken’s south waterfront.

Today … a Postal Service vehicle parking lot and loading dock at the south end of Sinatra Drive and at the front door to Hoboken’s beautiful  Pier A Park. The lot is greatly underutilized and as federal property it generates zero school and real estate taxes for the city. 

Tomorrow … a new, state-of-the-art Hilton Hotel helps define the south end of Hoboken’s spectacular waterfront. The Hoboken Hilton is an elegant, full-service destination for Hoboken residents and for visitors from around the world. Featuring iconic architecture, high-end amenities and a beautiful roof-top event space with spectacular views, the new Hoboken Hilton is worthy of its prime location. The surrounding neighborhood is transformed into an animated streetscape with greatly improved pedestrian access to the waterfront as well as improved parking and traffic flow. Hotel guest parking is provided offsite via 24/7 valet service to nearby private garages. Local businesses thrive due to the influx of new visitors. Hoboken’s historic Post Office is preserved and improved with upgraded systems, renovated work spaces and a new and larger enclosed loading dock on 1st Street. Partnering with the U.S. Postal Service, KMS Development Partners’ post office renovation and new hotel project has transformed a previously underutilized corner of Hoboken’s waterfront into one of the most dynamic neighborhoods in the Mile Square City.

The new Hoboken Hotel is projected to provide $ 1.77 million annually in real estate and hotel taxes to the City and school district. This newly created source of revenue helps the City stabilize taxes and fund city improvements.