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BlueGate Arranges $162M Construction Financing for Hoboken Mixed-Use
BlueGate Partners, on behalf of Urby and Ironstate Holdings, has secured $162 million in construction financing for the development of Hoboken Urby, a mixed-use residential project in Hoboken, NJ. The BlueGate execution team included Mark DeLillo, Marc Schulder, Lee Spiegelman, Felipe Marin, Eli
Zaoutis and Jeremy Silber. PCCP provided the senior construction loan.
The 418,332-square-foot, 16-story development will feature 307 market-rate apartments and 38
affordable units, complemented by 17,425 square feet of retail space and a 152-space parking garage.
Located a few blocks from Hoboken Terminal, the property will provide direct access to PATH
service, reaching the World Trade Center in 11 minutes and 33rd Street in 16 minutes, along with
NJ Transit commuter rail and ferry service to Manhattan.
“Hoboken Urby will redefine the residential experience in Hoboken, blending innovative design,
high-quality finishes, and state-of-the-art amenities with unmatched connectivity to
Manhattan,” said DeLillo.
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- ◦Development
- ◦Financing
