Yet another proposal that would add residential units along the city’s border with Hoboken is in the works, as Fields Development recently unveiled their latest project for a property that’s tucked underneath the Palisades.
On April 8, Fields presented their plans to the Riverview Neighborhood Association for several lots at 3-25 New York Avenue. The site, currently housing an industrial building and a gravel parking lot, was home to Galaxy Recycling for many years before they vacated the premises. It’s down the hill from Hoboken Brownstone Company’s 131-unit 39 New York Avenue project, which itself sits on land that was once used by Galaxy Recycling to park dumpsters and trucks.
The 3 New York Avenue parcel is just feet from the Hoboken city line and a few blocks from the 2nd Street Light Rail station. Fields has worked with Lambertville-based Minno Wasko on the 340-unit proposal, which would also include 206 parking spaces in a garage. The units, intended as rentals, would break down as 51 studios, 166 one bedrooms, and 123 two bedrooms.
The proposed development would rise eight stories at its highest point but be tiered with a western section spanning six floors. It would also significantly spruce up the landscape, adding trees, greenery, and a wider sidewalk to the side of the street it would be built on. However, a property directly across from 3 New York Avenue used by All American Recycling at 2 Hope Street would remain without a sidewalk, as that land isn’t included in the proposal.
3 New York Avenue can be built as-of-right under the R-3 zoning regulations that currently govern the area. Plans for the project were submitted to the city in December last year by a company called 3-25 New York Ave. Corp. that’s registered out of Newark. A timeline for the development isn’t clear.
The proposal continues the unprecedented building and approval boom that’s happening along Hoboken’s southwestern border with Jersey City. In addition to the completed Cast Iron Lofts and SoHo Lofts properties, 250 rental units at The Enclave are set to be completed in 2019’s second quarter. Earlier this year, demolition work started at the Emerson Radio Factory redevelopment, which will add 1,000 units to the neighborhood when construction is complete.
Across the street, the 1,181-unit 305 Coles Street has been approved, as has LeFrak’s 258-unit 18th Street project at the current site of an Exxon station. Another 137-unit development at 100 Hoboken Avenue was approved in late 2017, while a 161-unit project that will replace a parking lot at 2 Hoboken Avenue was greenlit last year. The Hoboken side of the border has been less busy; although, they’ve approved an expansion of the Hoboken Business Center and Academy Bus has pitched a massive plan for 439 units that officials declared dead in the water earlier this year.