(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.