A historic Hoboken property just a block from the Hudson River has changed hands as construction continues to modernize the century-old building.
Maridian Properties, a Hoboken-based real estate developer, recently announced their acquisition of 95 River Street. Newly named as Lions Gate nodding to the lion heads decorating its upper façade, the five-story elevator building offers 22,500 square feet of retail and office space.
The River Street property was built in 1910 for the Steneck Trust Company and last underwent a remodel in 1983. Since closing on the plot late last year, Maridian Properties has installed custom carpeting, wood floors, and designer wall coverings with a full renovation of the lobby underway.
“We viewed this as an opportunity to rejuvenate one of Hoboken’s iconic Beaux Arts buildings and transform it into a modern office space situated in a prime location near the PATH and southern waterfront,” said Mario Fini, Co-Founder of Maridian Properties. “Our vision is to create an appealing environment that caters to a wide range of commercial users, including the tech industry.”
The property sports a Wells Fargo branch on the ground floor and is currently 100% leased thanks in part to its location less than two blocks from Hoboken Terminal and one block from Pier A Park.
The historic property is slated to gain a more modern neighbor, as KMS Development looks to finally break ground on their long delayed Hilton hotel project on a surface parking lot just east of Lions Gate.