CBRE Tri-State Capital Markets Group has been named the exclusive sales agent for a development site located at 601-619 Newark St. in Hoboken, NJ. The parcel is fully approved for the construction of 60 luxury residential units, 4,300 square feet of rooftop amenity space and three street-level commercial spaces totaling 4,900 square feet, including a restaurant with 2,000 square feet of outdoor seating.
The CBRE team of Fahri Ozturk, Richard Gatto and Zach McHale are exclusively managing the marketing and disposition of the property on behalf of a private investor.
“This prime development site is located just minutes from the Hoboken Transit Terminal, providing a nine-minute commute via the PATH train to New York City,” said Ozturk. “The southwest neighborhood has several exciting new developments including South End Market & Lofts and The Boundary, as well as the $9-million renovation of Southwest Park. Upon completion, the combined projects will completely transform this section of Hoboken.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).