New York Real Estate Journal

Completion of Hudson Place marks latest milestone in Hoboken Connect Redevelopment

June 16, 2026 - Owners Developers & Managers
Photo credit Charles Roussel

Hoboken, NJ LCOR joined NJ Transit and government officials to celebrate the opening of Hudson Place, a new woonerf or “living street” within Hoboken Connect, the transformative redevelopment centered around NJ Transit’s Hoboken Terminal. Hudson Place reimagines the gateway to Hoboken, prioritizing pedestrians and cyclists while expanding open space, enhancing resiliency and creating a critical link between the city and one of the region’s most important transportation hubs.

The ribbon cutting marks another major milestone in the ongoing transformation of the Hoboken waterfront and transportation district, where public and private investment is delivering new housing, commercial space, NJ TRANSIT infrastructure, and public amenities.

“Hudson Place Plaza is going to make a real difference in how people experience this part of Hoboken,” said mayor Emily Jabbour. “It’s a welcoming space for commuters coming through the terminal, residents going about their day, and visitors discovering our city for the first time. I’m grateful to the state, NJ Transit, and LCOR for their partnership as we work together to turn this area into something that feels more open, more connected, and more inviting for everyone who uses it.”

“Hudson Place demonstrates how thoughtful investment in public infrastructure can strengthen both connectivity and quality of life within a community,” said Brian Barry, senior vice president of LCOR. “By creating a seamless connection between Hoboken Terminal, the waterfront, and the broader city, we’re improving how thousands of residents, commuters, and visitors experience and move through Hoboken every day. It’s an important step toward realizing a more accessible, vibrant, and resilient neighborhood.”

“Our collective investment in Hudson Place and the broader Hoboken Connect project represents the very kind of public-private partnership envisioned when we released our land plan last year,” said NJ Transit president and CEO Kris Kolluri. “From the new housing opportunities proximate to transportation choices to the rehabilitation and activation of public infrastructure assets that impact our customers every day, we’re excited to celebrate this important milestone, and look forward to working with our project partners to realize continued progress in the months ahead.”

Momentum continues across Hoboken Connect, with major advancements in residential development alongside significant public infrastructure improvements, including upgrades to the Hoboken Bus Terminal, Ferry Terminal Building, and surrounding Warrington Plaza. Together, these investments represent a $450 million current investment in Hoboken’s waterfront, including $176 million in state funding from the New Jersey Debt Defeasance Fund authorized by governor Phil Murphy and the New Jersey legislature.

Earlier this year, NJ Transit celebrated the completion of the new Hoboken Bus Terminal, enhancing one of the region’s busiest multimodal transportation centers. Construction is also advancing on Charlie, a 27-story mixed-use residential tower that will deliver 386 rental residences including 20% affordable housing, along with ground-floor retail and extensive resident amenities. Upon its anticipated completion in 2027, Charlie will become New Jersey’s largest 100% electric residential development. LCOR recently selected SERHANT. New Development is the building’s exclusive leasing and marketing partner.

Plans are also moving forward for the restoration of the historic Ferry Terminal Building’s second floor, which will be transformed into a premier events venue featuring publicly accessible commercial and exhibition space while preserving a significant piece of the city’s transportation heritage.