An uptown Hoboken property that sold for $4.9 million last year will soon be home to a new cycling gym and a juice bar, as the city’s Zoning Board recently signed off on a project that will completely preserve the building’s historic exterior.
Built in the late 19th Century, the limestone-clad Beaux-Arts style building at 1400 Washington Street was originally a branch of The Hoboken Trust Company. The Hudson Reporter operated out of the property starting in the mid-1990s, but the paper moved their main offices to Bayonne in May of last year.
Thor Equities then purchased the building and started searching for a tenant, and they have come up with two NYC-based companies. SoulCycle, an upscale gym, will be constructing a 3,470-square foot facility on the building’s first floor, while Juice Press will operate next to SoulCycle out of a separate 113-square foot storefront complete with seating for nine.
Hoboken-based Nastasi Architects designed the renovation of the space, which will happen completely within the building’s interior. According to an application submitted to the Zoning Board, SoulCycle’s portion will include facilities for cycling, personal training, and “accessory clothing sales,” and 1,335-square feet of the building’s second floor will house their locker areas, office space and related facilities.
The revamp of the building needed variances for use and parking, plus ones for some pre-existing conditions based lot coverage, rear yard, and density. The city’s Zoning Board approved the application during their June 27th meeting.
Both future tenants at 1400 Washington Street have taken off in recent years. SoulCycle, which opened their first outpost on Manhattan’s Upper West Side back in 2006, offers pay-by-class cycling sessions out of their 74 locations in the U.S. and Canada. Juice Press, first opened in the East Village in 2010, has 54 locations, stakeholders that include former New York Yankees first baseman Mark Teixeira, and a focus on organic cold-pressed juice, smoothies, salads, soups and vegan snacks.
A timeline for the build-out of the project is unclear, but construction permits are already posted at the property.