KMS Development Partners Finalize Purchase of Post Office Property on Sinatra Drive

(Hoboken, NJ – August 10, 2022): KMS Development Partners (KMS), the company behind the plan to build a new Hilton hotel on the south end of Hoboken’s waterfront, announced that it has closed on a subdivided US Postal Service (USPS) lot located on Sinatra Drive between Newark Street and First Street.

After 10 years of working with the USPS and pursuing local permitting approvals, the purchase of the property on August 3rd marks the latest in a long list of project development milestones and brings the project one step closer to becoming a reality. The hotel will be located on the subdivided lot facing the waterfront and will have the address of One Sinatra Drive.

Long-delayed Hoboken Hilton appears to finally be getting closer to reality

A Hilton hotel in Hoboken — first proposed in 2017 — appears to finally be close to reality after the city council seemingly cleared the last hurdle during a meeting earlier this month.

The 20-story, 349-room hotel, which will be located on waterfront property behind the Frank Sinatra Post Office, has been held up by numerous issues and lawsuits — not to mention the pandemic. The city council, on July 7, overcame the last hurdle, approving a lease agreement regarding a post office parking lot on the proposed site of the hotel.

Long-Delayed Hoboken Hilton Takes Major Step Towards Groundbreaking

A hospitality project that has been discussed for many years looks like it will finally start construction soon as one of the project’s last remaining hurdles has been cleared by local officials. Philadelphia-based KMS Development formally unveiled a plan to bring a 20-story Hilton to a waterfront parcel along Sinatra Drive way back in early 2017. Approvals were granted the following year for the development, which will rise 270 feet at a property behind Hoboken’s Frank Sinatra Post Office.

Hoboken’s Hilton is back

The Hoboken City Council has cleared the way for the city’s second waterfront hotel. Under a new redevelopment agreement and amended redevelopment plan, KMS Development Partners will build a Hilton Hotel on the parking lot and loading area behind the Frank Sinatra Post Office on First and River Streets.