New Hoboken hotel deal to include over $4M in community givebacks

HOBOKEN — Mayor Ravi Bhalla and other city officials on Tuesday announced a “major milestone in the history of the Mile Square City” — a multi-million dollar development deal that will build the city’s second waterfront hotel and inject more than $4 million in community givebacks.

Hotel details to be announced Tuesday

This Tuesday, Hoboken officials are scheduled to host a press conference concerning a proposed Hilton Hotel to be located behind the River Street Post Office, according to the mayor’s Deputy Chief of Staff Jason Freeman.

It’s possible that the proposed hotel may be scaled down from the 24 stories approved by the council in April.

Last spring, the council approved a redevelopment plan for the property, located at 89 River St., a few blocks from the train station. The 87-year-old facility would keep operating as the city’s main post office, but a private developer would buy the land and build a hotel.

HOBOKEN HILTON: Waterfront Hotel Near Train Station Back On Track

Earlier this evening, Mayor Ravi S. Bhalla announced that the Hoboken Hilton project—the long-rumored plan for a new Waterfront hotel here in Hoboken—will move ahead, with KMS Development Partners coordinating the construction.

In March of 2017, the City proposed a redevelopment plan for the Hoboken Post Office Rehabilitation Area that includes the construction of a large-scale hotel—while still preserving the Post Office as an historic landmark.

CHECKING IN: New Hoboken Hotel Has People Asking When Their Rooms Will Be Ready

Back in March of 2017, we were happy to report that the City of Hoboken had agreed to move ahead with the proposed redevelopment plan for the Hoboken Post Office Rehabilitation Area. Those plans included the renovation and preservation of the Post Office itself—maintaining it as an historic landmark, while modernizing its internal workings—as well as the development of a large-scale hotel on the adjacent property, facing the Hudson River Waterfront.